Regional Credit Manager
AMS Baeshen & Co.
مجموع سنوات الخبرة :20 years, 4 أشهر
Manage all aspects of accounts receivable, including invoicing, customers’ statements, collection, aging analysis, and reconciliations. Administer credit policy, credit reviews of existing customers, the assessment of the creditworthiness of potential customers, and the collection of all outstanding aging balances. Deal with internal queries regarding overdue balances and collections and generate reports to help monitor account movement and collection activity. Handle disputed bills, issue credit notes, and contact and negotiate with overdue debtors to ensure recovery within the agreed terms. Reduce the customers’ invoice disputes by applying payments to their assigned invoices. Conduct weekly meetings with regional sales teams to listen to their concerns and understand market trends.
Key Contributions:
• Standardized key customers’ reconciliations (i.e Carrefour, Panda, Othaim) with a weekly update ability instead of monthly.
• Led important automation projects (stock-return, order release) & bank reconciliation.
• Building templates reports for key customers reconciliations.
• Applying monthly collection plans and follow-ups for customers with overdue and/or high DSO.
• Improved the debtor turnover time by applying DSO, True DSO, Best Possible DSO, Average Delinquent Days, and Collection Effectiveness Index metrics.
• Increased the percentage of customers’ reconciled balances by 96% by initiating a monthly balance confirmation for all customers instead of annual balance confirmations.
• Increased the percentage of the customers’ invoices hard copies received from the regional warehouse from 2% to 100%.
• Facilitated the accurate prediction and planning of cash flows by creating multiple financial reports including the aging report by invoice breakdown.
• Successfully managed regional A/R portfolio representing 43% of the total business A/R portfolio consisting of almost 6k customers across 8 different sales channels.
Performed a range of financial and accounting activities, such as managing accounts payable, accounts receivable, collections, and payments. Processed accounts and incoming payments in compliance with financial policies and procedures. Executed day to day financial transactions, including verifying, classifying, computing, posting, and recording accounts receivables and accounts payables data. Prepared bills, invoices, and bank deposits. Reconciled accounts receivable ledger to ensure that all payments were accounted for and properly posted. Facilitated payment of invoices due by sending bill reminders and contacting clients. Generated financial statements and reports detailing accounts receivable status.
Key Contributions:
• Reduced the percentage of overdue balances from 67% to 21% through frequent courtesy reminders and proper follow-up.
• Consistently met deadlines while demonstrating strong analytical and problem-solving skills and maintaining accuracy and compliance objectives.
• Maintained all records, information, and documentation to ensure the availability of timely answers to concerned parties.
Since 1928, the Credit Institute of Canada (CIC) has been actively fulfilling its mission of promoting the importance of professionally trained credit management staff and the benefits they bring to an organization. We are the authority on credit management education and professional development! The Certified Credit Professional (CCP) designation is widely recognized as the symbol of excellence in credit management. The program is made to suit your busy lifestyle; all courses are on-line and support is available from experienced instructors. While the CCP designation is favourably sought after by employers, it also offers graduates significant career enhancements, including; Increased value in the role they play in an organization Opportunities in a wider range of industries Higher salary earning opportunities Acknowledged expertise in maximizing receivables and minimizing risk.
The University of Damascus (Arabic: جامعة دمشق, Jāmi'atu Dimashq) is the largest and oldest university in Syria, located in the capital Damascus and has campuses in other Syrian cities. It was founded in 1923 through the merger of the School of Medicine (established 1903) and the Institute of Law (established 1913).