Regional Credit & Collection Manager
Future Pipe Industries Group
Total years of experience :16 years, 2 Months
Manage the credit control function for GCC & Asia Regions ensuring development and implementation of an effective credit control mechanism while keeping a balance between risk mitigation and customer retention, in addition to maintaining healthy collection levels.
Manage direct communication and relations with high-value customers to establish relations, and with the sales team to ensure they are kept informed on customer's credit status and risks.
Manage internal controls and finance procedures from revenue accounting by ensuring correct invoicing and documentation till collection including policies and procedures.
Ensures the integrity of accounts information by continues reviewing of recording and entering transactions.
Manage the credit control function ensuring development and implementation of an effective credit control mechanism while keeping a balance between risk mitigation and customer retention, in addition to maintaining healthy collection levels.
Manage direct communication and relations with high-value customers to establish relations, and with the sales team to ensure they are kept informed on customer's credit status and risks.
Manage internal controls and finance procedures from revenue accounting by ensuring correct invoicing and documentation till collection including policies and procedures.
Ensures the integrity of accounts information by continues reviewing of recording and entering transactions.
Manage team including two receivable accountants, two bill collectors, one
messenger and one secretary.
Evaluate company credit control procedure semi annually and report it to financial
controller (FC).
Process and prepare the documents for letters of credit (LC) and bank guarantees
(BG).
Work on financing the deals for customers, and coordinate between Caterpillar
Financial Services and customers to grant a good deal for the customer and safe loan
for Caterpillar Financial Services.
Review and approve contracts in terms of credit.
Review accounts receivables (AR) GL on monthly basis, arrange a meeting with AR
team and provide the report with analysis to the FC.
Analyze customers’ payments behavior and advise the required action to the
concerned person in the team.
Approve the letters (final notice, cancellation of credit facility, notification, etc...)
before sending to customers.
Provide Approval for urgent services or materials required.
Maintain strong relationship with customers.
Maintain customer details and account records.
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Coordinate with customers and resolve problems and queries.
Manage due outstanding sales balances and review credit limits.
Enforce Direct Debit payment system and manage new credit management
procedures.
Administer overdue debtors and coordinate with external and internal customers.
Correspond about overdue accounts and assure establishment of follow-up contact.
Handle allocations and collections issues.
Assist and reports to credit and accounts manager.
Control over account payables for foreign suppliers (Mainly caterpillar).
Prepare reconciliation for supplier’s accounts and advise payments to our head
office.
Ensure on time payments for the suppliers by maintain the required documentation
on timely basis.
Manage the costing on
Handle Banks letters, transfers and reconciliations.
Control over fixed assets, posting, depreciation expenses and disposal.
Inter branch transactions.
Prepare asset, liability and capital account entries.
Applied Finance (Corporate Treasury Management)