AIZAD ASJAD MALIK MALIK

Key Achievements:
 Acknowledged for reducing receivables from $485 Million to $95 Million, which ultimately reduced DSOs to 50days and under.
 Automated account receivables related balance sheets schedules.
 Reviewed, implemented and kept updating enhanced credit policy & procedure in line with business requirements.
 Played key role in setting up account receivable module in Oracle ERP and in developing new process to capture VAT on invoices.
Key Responsibilities:
 Managed a portfolio of 350plus customers (Local / International) and 20plus A+ rated insurance brokers and underwriters.
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 Followed up with the customers and visited them to understand issues faced by them in paying their obligations. Agreeing a payment plan/ schedules in case of delinquent customers.
 Ensured that all the customers remain in line with their credit terms.
 Ensured a complete customer credit back ground check/ reference is obtained from the market to assess the exposure.
 Conducted financial due diligence of new customers. Liaised with D&B’s ME team to collate further information of potential customers.
 Conducted meetings between legal counsels on monthly basis to review status of bad debts. Collated and submitted legit supporting documents for legal actions.
 Ensured submission of statements, invoices, credit notes, payment request letters and legal letters to customers on timely basis.
 Conducted debtors review meeting with project teams and senior management across the group for identification and elimination of any bottlenecks on fortnightly basis.
 Reviewed and approved all account receivables and insurance related month end entries (revenue recognition, re-class entries for Due to/ from, retention, debtor’s revaluation and insurance accruals), on monthly basis.
 Managed internal and external audit process for account receivables and group insurance seamlessly and within deadlines.
 Consolidated and reconciled inter-company accounts and managed complex reconciliations.
 Monitored debtors aging report on daily basis. Managed the filling of Withholding Taxes.
 Ensured approval of account receivable invoices, insurance accruals and other Journal Vouchers on daily basis.
 Assessed balance sheet accounts (related to AR) at the end of every month and recommended effective remedial measures/ re-class to the senior management based on gaps.
 Prepared, maintained organizational cash in-flow forecast on monthly basis aligned to operational and financial requirements.
 Liaised with other departments, external partners including customers, insurance consultants/ brokers and under writers for maintaining seamless operations.
 Followed up with stakeholders to accomplish monthly cash collection targets to reduce DSO. Ensured provisioning of doubtful debts and write-off of bad debts with legit supporting documents.
 Assessed collections forecast Vs actual on daily basis.
 Assessed and finalized LC terms and conditions; negotiated performance bond and advance payment guarantee terms with banks for seamless operations.
 Reviewed performance of the team with the assigned KPIs on quarterly basis. Provided the team with necessary training, development and supervision.

Key Achievements:
▪ Played key role in the implementation of BuildSmart ERP.
▪ Successfully reduced receivables from AED 325 Million to AED 187 Million (end of Jun 2015) utilizing financial prudence and
managerial acumen.
Key Responsibilities:
▪ Focused on submission of company’s cash in-flow forecast, in timely manner.
▪ Managed a team of two debt collectors cum accountant receivables.
▪ Assisted the Financial Controller in managing day to day financial transactions, preparation of board pack and other relevant
reports in compliance to various statutory regulations.
▪ Interacted with clients on due payments, release of PBs and Aps/ guarantees and for resolution of disputes for maintaining
seamless operations.
▪ Visited the customers with debt collectors to reduce DSO on as and when required basis.
▪ Guided the QS team and debt collectors in accomplishing monthly collection targets.
▪ Submitted balance sheet schedules related to account receivables on monthly basis and other Ad-hoc reports as and when
required.
▪ Highlighted critical issues and other operational bottlenecks with potential business and revenue impact to the senior
management to enable effective decision making.

Key Achievements:
-Successfully recovered almost 70% of very old bad debts, dated back to 1998 leading to significant reduction in overdue / bad debt figures.

Key Responsibilities:
-Ensured submission of collection forecast on monthly basis and guided the credit control team in maintaining monthly collection targets.
-Led a team of 1 debt collector and 21 cashiers in managing business operations across different locations in Dubai, Sharjah and Northern Emirates.
-Followed up with various stakeholders in ensuring submission of statements, invoices and credit notes to the customers
-Interacted and made visits to customers to ensure their outstanding remains in line with the credit terms and other contractual parameters. Resolved customers issues aimed at enhancing customer satisfaction.
-Ensured provisions against bad debts on monthly basis. Assessed credit application forms and assigned credit limits against each customer post management’s approval.

Key Responsibilities:
-Maintained regular interaction with customers for resolution of disputes and recovery of debts as well as reconciliation of customer statements.
-Updated and assigned credit limits against each customer account based on discussion with Finance Manager, Area/ Sales Manager, COO and CEO. Ensured weekly provisioning based on debtors ageing.
-Prepared and presented various status reports for the senior management and other stakeholders to enable effective decision making.