AGHA MUZAHIR HUSSAIN CICP CIMA Cert BA

AR Process Lead Credit Controller

Achieving monthly collection targets for which I was awarded twice as Appreciation Certificate as Employee of month
Regular customer visits for collection and closing the issues
Reduce bad debts provision by 50% by timely collection of old outstanding amounts
Posting customer payment and reconciling balances, preparing aging
Handled credit insurance for more than 100 customers and got indemnification for AED 3 Million.
Reduced DSO from 90 days to 65

Preparing Financial Statements Balance Sheet, P&L, Cash Flow Statements
Performing Financial & Credit Business analysis and Reporting management
Capital, Asset & Liabilities account reconciliation and month end closing
Preparing monthly financial statements and management reports
Analyzing financial data for discrepancies & resolving the issues
Vendor/Supplier 3 Way Payment Verification P.O, Invoice and GRN
Timely Payment Processing to suppliers as per policy & Procedures
Maintaining & Developing Credit Policy and procedures
Key analytical user for IT Financial Software and recommending corrections
Monitoring revenue & expenditures and controlling budget variances
Assist in Budget preparation and expense management
Credit Insurance Management, Declaring Turnover, Overdue Reporting
Credit Insurance Claims submission, follow up and getting Indemnification
Preparing Aging Schedules and Solving Collection issues of Delinquent A/c
Monitoring VAT compliance and updating Customer VAT Number in Database
Effective Collection follow up with Customers to achieve monthly targets
Taking Quarterly and time to time balance confirmations from customers
Supporting team members on all accounting issues
Effective Planning and Communication between all stake holders
Passing VAT Credit / Debit notes as per requirement and approval

Responsibilities as Senior Accountants 5 years


1. Managing team of Accounts Payable and Receivables
2. Preparing Aging analysis and Days Purchase/Sales outstanding DSO & DPO
3. Dealing with insurance Companies and Legal department for launching claims for defaulted customers
4. Follow up of the insurance claims and fulfilling their legal requirements
5. Keeping track of customers legal documents of which will help in insurance claim approval
6. Preparing and analyzing Budgets, revenue and expenditures
7. Handling Fixed Assets and depreciation schedules
8. Cash Flow management and handling multiple bank accounts
9. Calculating overall company's Operating Cycle and Cash Cycle
10. Keeping the Debt as low as possible by taking suitable measures
11. Managing and Optimizing Sales Force for outstanding old uncollected invoices
12. Responsible for highlighting the slow growth areas to Management
13. Responsible for working on Customers Rebates and distribution keeping in view of clients outstanding debt
14. Controlling all General Ledger Accounts and monthly reconciliation
15. Responsible for working on Accruals and Provisions and its proper posting and subsequent reversal and posting of adjusting entries
16. Responsible for timely preparation of month end Financial Statements (Balance Sheet, Income Statement, Statement of Comprehensive Income, Statement of changes in Equity, Statement of Cash Flow)
17. Preparing all Balance Sheet Accounts Reconciliations
18. Giving full support to CFO/Finance Manager to have smooth monthly & annual closing
19. Responsible for getting company's External Audit done
20. Implementing the internal Controls as advised by Internal Audit Team
21. Liaising with Logistics for any stock destruction and working on its Accounting adjustments
22. Part of the Annual Stock count team
23. Performing Intercompany Reconciliation and point of contact with subsidiaries
24. Performing Variance analysis


Responsibilities as Accountants 2 years

1. Customer SOA generation, balance confirmation & direct contact for payment details & allocation of payments as per their details
2. Expert in customer account reconciliation and issues resolving
3. Direct contact with sales team & customers for payment follow-up
4. Daily tracking of Bank statement and posting Bank transfer & Check
5. Performing all the bank accounts Reconciliation
6. Alerting respective managers for any unauthorized deductions by customers and resolving any such payment issues
7. Dealing with insurance company & claims in case of default
8. Credits notes posting and allocating as per details from sales report
9. Vendors payment list validation & processing
10. Maintaining confidentiality in all accounting & finance related tasks1

1. Following up with departments for providing invoices, PO, PR & GRN
2. Reconciliation of AP & AR accounts, reviewing and verifying invoices
3. Correct and timely entry of invoices in the system as per payment terms
4. Processing vendor payments timely based on the payment terms
5. Processing employee travel and other reimbursements promptly
6. Ensuring advances paid are cleared and appropriately expensed.
7. Processing the petty cash reimbursements for all petty cash custodians
8. Preparing & executing payment lists with zero defects.
9. Coordinating with bank for any payment issues and resolve them