Revenue Control Lead
MAGRABI retail
Total years of experience :16 years, 7 Months
•Manage revenue control team.
•Supervise daily processes for all stores to make sure that closing and depositing were done properly and on time.
•Handle day to day reconciliation for deposits from stores and the actual deposits on bank for both Cash and Credit deposits.
•Monitor and analyze Pending invoices and returned invoices. Check the aging, deleting undelivered invoices.
•Create monthly Compliance Performance report, for all stores to measure their daily performance in Revenue Control related issues.
•Issue reconciliations for all related Revenue Control accounts such Shortage & Overage accounts and Customers accounts (each store is considered as a separate customer).
•Perform Sales reconciliation between SAP and POS for All types of sales in all stores.
•Reconcile Credit Card transactions case by case to confirm regarding its accuracy and that there is no manipulation could happen.
•Responsible for All refund requests sent from the store, through checking, controlling and creating the requests to be sent to Treasury.
•Monitor and create Commercial discounts for all regions based on the budget.
•Create stores database on system.
•Monitor the financial processes related to opening and closure of stores.
• Controlling and auditing revenue cycle (Cash and Credit) for KSA area (100 stores) from posting the invoice on system till depositing the cash on bank accounts.
• Assisting in bank reconciliation
• Leading KSA AP team ( 2 members)
• Preparing monthly analysis for Prepaid Rent, Expense and Accrued for KSA Region (120 stores)
• Responsible for AP Trade vendors (business related vendors) including the whole payment cycle from the point of receiving invoices till handling the payment.
• Managing weekly payment process per vendor
• Following up with our bank account managers regarding payment procedure and update our Trade vendors with their payments.
• Responsible for some other tasks such as: Handling Monthly PRISM update & monthly Rebate Accrual
• Responsible for Annual Rebate Reconciliation for KSA Area
• Prepare monthly Income Statement and analyzing its results for Vessel Maersk Ahram.
• Analyze financial transactions, determine accuracy, and ensure completeness and compliance to established policies & procedures for Admin., IT accounts and one of our agents.
• Prepare and review budgets with business Finance, Admin., IT and Operation managers.
• Work with Admin, IT and Operations team and Global Operations Finance team to ensure accurate and timely entry postings & other accounting activities on day-to-day basis, during monthly / quarterly / yearly closing.
• Work with Global Operations team to ensure accurate and timely entry postings & other accounting activities on day-to-day basis, during monthly / quarterly / yearly closing.
• Prepare and review journal entries ensuring compliance with local accounting procedures and US GAAP.
• Working on internal control through: (Duplicate invoice reports, GR/IR reports, and Debit Balance reports, open items reports).
• Work on assigned projects, by creating SOPs, training others and migrating tasks and supervise this process.
• Work on Governmental Authorities reconciliations completion.
• Create SOPs, training others, and migrating tasks and supervise this process.
• Prepare monthly Balance Sheet for one of our agencies.
• Prepare monthly Income Statement and analyzing its results for Vessel Maersk Ahram.
• Prepare and review budgets with business Finance, Admin., IT, and Operation managers.
• Work on internal control through: (Duplicate invoice reports, GR/IR reports, and Debit Balance reports open items reports).
• Analyze financial transactions, determine accuracy, and ensure completeness and compliance with established policies & procedures for Admin., IT accounts, and one of our agents.
• Work on Governmental Authority's reconciliations completion.
• Prepare and review interagency account reconciliation.
• Work as Backup for Treasury section.
in a project for improving the process of Finance Department and increasing its accuracy.
•Responsible for decreasing the Outstanding and Overpayments of the company through working with Finance Department .
•Responsible for checking the amount recorded as ROES and making sure of the right amounts to be closed.
Responsible for checking the Export invoices, Export vessels and the bookings for them
•Updating and correcting any wrong charges.
•Checking manifests of the coming vessels and check the contents of the coming containers.
•Counting the demurrage and storage for containers left in the port.
ENGLISH SECTION