Regional Senior Receivables Accountant
Magrabi Retail
Total years of experience :16 years, 6 Months
• Managing monthly credit sales with 12M SAR.
• Supervise accounts receivable department in GCC, leading 3 subordinates.
• Supervise the functions and activities of the billing & collection team.
• Prepare monthly closing report. “Aging report-DSO-Expense movement anaylsis-provison movement analysis-Customer advance movement analysis-Customer rejection analysis report-Billing compliance report”
• Resolve complex billing issues with either the subordinates or stores (76 Stores).
• Prepare the actual collection report, & distribute among team members.
• Prepare customer statements for the major accounts.
• Record & clear the deposits entries on SAP to clear the bank pending transactions.
• Quarterly UAE customer visits to get the customers sign off letters.
• Participate in reducing the DSO by 12 days by end of November 2016.
• Implement the E-claim integration project between POS & E-claim Portal in GCC.
• Participate in reducing the rejection percentage from 2.8% to 1.75%.
• Preparing the projected sales/collection budget.
**SAP User
•Managing Magrabi's Customer in the GCC & Northa Afria countries.
•Maintain customer Master data.
•Maintain accounts receivable customer files Periodical reconciliation for customers.
•Monitoring customer account details for non payments, delayed payments and other irregularities Record provisions and accrued entry for customers
•Prepare daily, weekly, monthly aging reports and other requested reports.
•Communicate with Stores for inquiries.
•Participate in implementing new work process.
•Communicating with customers via phone, email, mail or personally Review companies’ rejection
•Coordinate & organize the billing process to ensure effecting in global link & S A P.
•Assist in weekly bank reconciliation.
•Adjust any wrong transaction effected in customer's accounts billing dep. or collection dep.
• Follow up the credit notes.
• Managing the banking facilities for all Magrabi countries (Arabian Gulf, North Africa & Levant)
• Prepare and follow up Bank Reconciliation Monthly
• Manage cash inflow and outflow including fixed and variable costs (payrolls, rent, etc...)
• Daily bank position
• Preparing financial reports of the company facilities
• Responsible for the renewal of facilities agreements.
• Forecasting the bank charges & loans interest
• Maintain the currency Exchange rate monthly on SAP
• Journal entries & posting to the ledger.
• Manage A/R & A/P
• Prepare and follow up Bank Reconciliation
• Manage cash inflow and outflow including fixed and variable costs (payrolls, rent, etc...)
• Contribute in annual sales projection to meet the business requirements
• Handle money collections from clients
• Bargain with projects' managers on the estimated budgeting
• Deal with customers' complaints and enquiries
• Manage the company stationary stock