CREDIT CONTROLLER - ACCOUNTS RECEIVABLE
Hilti Emirates Middle East LLC
Total years of experience :15 years, 11 Months
Accounts Receivables
• Handle a broad scope of Accounting internal processes encompassing the daily management of, billing, collections, reconciliation, general ledger and month-end-closing
• Administer accounting systems and prepare financial information for Customers
• Responsibility for a client ledger of around 130 Upper Market and Key customers ranging from AED 50M-60M annually
• Conduct field visits to Customers to ensure mitigation of provisions
• Examine accounting records and prepare customer financial statements
• Analyse Customer Ledger and other accounting and financial records to ensure accuracy and compliance with established accounting standards, procedures and internal controls
• Releasing Orders on time with minimum exposure corresponding to Credit Limit
• Performs account reconciliations
• Researches and resolve payment discrepancies
• Generates and develops age analysis, Bad debt forecast, TS/ ASM performance and other reports
• Resolves valid or authorized deductions by entering adjusting entries, creating Credit Memo
• Monitors invoice delivery, follows up on missing documentation with Billing department
• Reviews AR aging to ensure doubtful receivables are flagged on time and demand letter for payments is issued
• Maintains customer files and record
• Assist with month-end closing
• Follows up on legal cases
• Prepare Letter of Credit Documents to submit to bank for payments
Credit Management
• Ensure credit profiles of all customers are complete in all aspects
• Ensures credit agreements are signed, filed and credit terms are correctly reflected in the system
Collections
• Defines and execute collection strategy and follows up on, collects and allocate payments
• Communicate with customers via phone, email, mail or personally
• Proposing various payment options like LC, COD, PDC etc mainly to reduce provision, thereby providing best payment option for the key customers
• Monitors customer account details for non-payments, delayed payments and other irregularities
• Builds personal relationship with Upper Accounts Customers
• Resolves collections by examining customer payment plans, payment history, credit line
• Executes dunning strategy
Lean Management and Automation
• Created Macros to Auto send statements to the customer
• Initiated and Implemented Lean Management in Billing Team to reduce manual efforts in searching documents and printing them by 25%
Accounts Recievables :
• Process accounts receivable and cash and cheques received. Prepare and input data into the system
• Assist with reconciling accounts and reports
• Process updates to databases; perform calculations and update statistical spreadsheets and databases
• Process financial transactions by checking accuracy and making necessary adjustments
• Assist with miscellaneous administrative duties, filing and sending invoices
• Identifies delinquent advances to be referred to Debt. Recovery or Legal Department
Securities :
• Maintaining, Recording and filling of Bank Gaurantee, Cash Deposit, Open Security Cheques, Standby Letter of Credit and performing the custodial activities for safe keeping within the stipulated time lines
• Record all movement of security and ensure withdrawals of security are carried in timely manner and revise the credit limit
Credit Appraisal:
• Analyze the credit worthiness of the customers, and conduct risk assessment of businesses and individuals to determine the degree of risk associated with the extension of credit
• Submit, Present and recommend finding and solutions to Credit Committee. Ensure that credit risk exposures are managed within the established limits, appetite and standards and regulatory reporting requirements are satisfied under various credit portfolios for submission to the Senior Management.
• Assist in developing and implementing sound, acceptable credit policies.
• Ensure compliance to Credit Policy, internal controls and KPMG Audit Requirements. Control all customer master data in the area of credit management
• Negotiate acceptable solutions and credit risk mitigation with Sales Team
• Interact with customers / sales to obtain additional credit information to support credit lines
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior manage- ment and suggest actions/penalties to be taken when appropriate
• Review and authorize the issuance of the MIS and monthly risk reports
• Liase with Group Credit to obtain external report if required
• Developed and implemented basic credit scoring module to analyze customer in FMCG Sector along with Group
• Credit
Credit Transaction and Credit Inusrance :
• Authorise, approve and release releasing of all transactions in the organization related to Cash, Open Credit, Letter of Credit and Cash against Documents, Bank Guarantees and Cash Deposit
• Prepare all documents and ensure compliance with the legal formalities as required to process the transaction and keep a record of the same for Audit
• Involve in absolute implementation of Oracle AR module to ensure correct processing of transactions and giving feedback on the performance.
• Ensuring and verifying proper credit procedure before giving approval for shipment and bringing deviation to the notice of credit manager and Finance Manager for approvals with opinions and suggestions
• Maintain deviation log and suggest solution to mitigate exceptional approvals impacting receivables and credit exposure
• Control and reconciliation of Debtors’ Ledger
• Handling end to end Credit insurance policy and claims (Attraduis / Arab Orient Credit Insurance)
• Analyse and propose customers with potential risk to be registered and withdrawals under Credit Insurance Analyse sales growth and recede post credit insurance and update Finance and Vice Finance Managers
• Handel Claims, Payments, and Non Claim rebates Credit Insurance reporting
Data Analysis :
• Analyze delinquent accounts and prepare report on highest risk accounts including recommendations for resolution
• Analyze customer in highly risk region and recommend appropriate payments terms to mitigate the risk and ensure BAU Review and analyze the renewals of credit facilities for existing clients
• Identifying sporadic data in customer database and rectifying them
Ageing, Debt Collection Follow ups, reconciliation
Data Analysis / Credit Support:
• Data analysis and management for the execution of data operations for Rated and Non-rated Structured Finance transac-tions
• Assisting Credit and Financial Analyst in Credit rating operations. Review, evaluate, approve, reject mortgage credit appli-cation in compliance with FICO score Sheet, rules and regulation, Evaluation model and Ratios
• Analyze and review Mortgage Credit rating is in lines with financial norms and compliance procedure to qualify to proceed to ratings committee
• Ensure that the data is complete and accurately extracted by the processor for ratio review and other qualifying elements. Thoroughly analyzing deal documentation on a daily basis to understand the deal structure and the reporting of the deal.
• Produce reporting and extraction templates to help global teams identify key surveillance data requirements in transactions Collaborating with a worldwide group of sale support analyst, product managers to resolve Client Support Queries of ABSXchange Investor/ Subscribers (CSQ)
• Support development of Credit Rating transaction through customer needs and Product development cost center Organizing, analyzing and maintaining the data collected from diverse sources
• Using Data Analysis software such as PRISM, Surveillance models, ABSX Analytics Platform
Portfolio Analysis :
• Portfolio Analysis and management of HSBC and ECM bank
• Create, provide, and generate standardized and upon request MIS reports with regards to bank portfolios delinquency per-formance
• Download monthly & periodically data required for MIS purposes
• Ensure that monthly & periodically standard reports are prepared & distributed
• Continuous improvement of Collections MIS by applying creative thoughts to provide deeper analysis which will help to highlight strength & weak areas of delinquent portfolios
• Understand deal structure, update, maintain and highlight various triggers
Operation Excellence :
• Handling a team of 15 subordinates in Securitization, EMEA, ABS/RMBS/CMBS Structured Finance, Surveillance support for ABSXchange platform
• Guide and train new joiner to efficiently improve data analysis and their query resolution Produce reports and information to the management and Head of the Analytics Product
• Assisting the higher manager in planning, directing and coordinating the daily activities of the team Generation of Daily, Weekly and Monthly MIS reports
• Leading Conference Calls and participating in Global conference call for updates on Client Queries
• Effective management of Quality and Productivity and timely communication with team, stakeholders, Management and Other supporting Group. Resource allocation and Resolving Queries of the team
• Updating work colleagues on business performance, new initiatives and related issues. Motivating employees to do better Process Improvement :
• Creating macros and validations templates that help evaluate data quality and identify data errors and inconsistencies Carrying out User Acceptance Testing (UAT) for products and process improvement activities
Bachelors in accounts and finance