Credit and Collection Manager
Coca-Cola Bottlers Phils., Inc.
Total years of experience :4 years, 7 Months
- Daily review and examine sales documents as to the completeness of approving authorities before posting to individual subsidiary ledger of customer.
- Prepare reports (ATB, Outstanding Returned Checks) for RSM used.
- Check accuracy of credit application & posting of payment in the individual Subsidiary Ledger per customer.
- Encodes payment and validates the correctness of reference outlet number, date and invoice number as indicated in the Official Receipt (OR).
- Check OR to determine and locates for erroneous reference document numbers as indicated in the OR to avoid any misposting of payment.
- Report to Finance Head for any fictitious sales transactions in the course of document review.
- Initiates reconciliation of salesmen’s shortages and teller’s shortages as well
- Initiates and conduct weekly and as needed for the verification/confirmation on anomalous sales transactions.
- Computes for the commission of Salesmen and Helper and submit to Finance -Payroll Group.
- Assist in conducting physical inventory count of full goods & empties and Electric Coolers in the sales offices.
- Record returned check, prepares demand letter for distribution to Sales Supervisor and monitor payments.
• Maintain controls to protect value and to Pass the CAD/SOX Audits
o Manage to identify customer accounts having more than 30 days and complete documentation for referral to legal.
o Manage to conduct AR review with Sales Managers per Sales Office per Territory per AE and identify issues and concerns with commitment and action steps to be taken to resolve the issues.
o Manage to conduct AR review with Sales Managers to ensure that all credit related approvals and issuances are aligned to with the provisions of the Chart of authority.
o Manage to review AR balance and identify customer accounts with over credit limit and past dues and send communication to RKAM’s /TSM’s for review and for possible recommendation for revisions of credit limit and for follow up collections.
o Credit limit and terms are reviewed based on credit policy.
o Manage to identify accounts subject for write -off and inform sales to complete documentation/certification from Third Party for approval.
• Manage and leverage assets to improve returns and Financial Health
o Manage the accounts receivable efficiently with issues and concerning prior years .
o Able to manage the Balance Sheet's financial integrity with zero BS reconciling item more than 60 days, SL comparing GL are reconciled. Managed the balance sheet of various GL accounts and identify discrepancy Implement common value-adding frameworks to lower the Cost and Improve Margins
o Manage to review daily ATB report, weekly report for accounts with over credit limit, weekly report for accounts with past due and weekly AR performance report .
o Manage to report customer account with noted issues to Sales Managers for investigation.
o Manage to evaluate nature of abnormal balances and effect adjustments, as necessary.
o Ensure consistent adherence and strict compliance to existing policies and procedures.
o Conduct contract audit and with noted issues for reporting to Sales Managers.
o Ensure that all customers account are subject to Credit Limit checking and 100% strictly implemented, no release of orders without request and approval.
o Ensure that all customers account are subject to Credit Limit checking and 100% strictly implemented, no release of orders without request and approval.
• Build Exceptional Finance Talent and Bench strength and have an engaged workforce
o Keep them track and align to any process and programs.
o More trainings for the rank and file
o Includes ARA in the AR review conducted to locations of their responsibility.
o Manage to assign OIC whenever the CCM is out of the office.
o Practice the cross functional assignment.