Mirza Zulkhadar Baig

Company : Al Futtaim Motors
Established in 1974 represents world renowned brands and strives to be one of the most respected companies in Oman. Key activities include sole distributorship of Honda cars, Honda motorcycles, Honda marine engines and Honda power products, Panasonic, Aftron, Black & Decker’s, Toyo Tires ETC in addition to electronics, watches, projects & engineering, industrial products with more than 8 branches all over Oman)


Job Description:
Responsible for overall credit control & Collections functions and MIS Reports (1.Debtors Listing, 2. Major debtors, 3.Debt movement & trends, 4.Legal Debts, 5. Collection Targets, 6. Due overdue & critical debtors. 7.Government Debts, 8.Monthly Provisions
Review the current process of the department and suggest the optimal process which will enable the organization to help collections are on time.

Centralize the credit control functions across the organization and design a suitable organization structure for same
Review and provide MIS reports on receivables by division/customer. Identify areas of concern
Work with division heads on mitigating risks
Develop and monitor key performance indicators for each division and regularly review the same with each division head.

Develop collection strategy and action plan and ensure that they are carried out.
Ensure reduction of overdue %age
Provide training to the credit control team to enable them to perform their jobs efficiently
Closely liaise with Finance Shared Services on debtor reports, accounting and receivables monitoring.
Regularly visit all locations to review the receivables and ensure process is followed
Visit with customers to understand their issues, review the outstanding and agree payment plans where necessary.
Escalation of account to a legal status and follow up on such cases
Month-end provision of rebate accruals

Company : Al Khalili Group (Leading Building materials, Hardware, Electrical and I.T Co in Oman)

The Company has been established in Oman for the past 35 years and has a strong presence within Oman. The Company is primarily engaged in the import and sale of building materials (wood, steel and pipes), hardware (paints and other related items) and electrical products and information technology products. Today the Group has a vast network throughout the Sultanate and employing over 1, 800 employees. Al Khalili customers comprise consumers, dealers in the building material, carpentry and steel work shop, construction companies and government organizations. Although, the Company has maintained its core business of building materials it has also diversified into construction, electrical, hardware and technology trading and specialized services amongst others. The Company’s activities are managed under 4 divisions and one Subsidiary.


Job Description:
To develop, implement and maintain an effective and professional credit control system for the company group
Review the company credit control procedure and develop and implement enhancements where required
MIS reports ( Debtors Listing, Movements & Trend, Collection target, Major debt & ETC)
Responsible for A/R, journal entries, monitoring collection, overdue balances of customers & their recovery and all other functions related to credit control dept
To monitor collections on daily/ weekly/monthly basis
To Schedule collection meeting with salesman and Debt collector on weekly/Monthly Basis and take commitment to collect each customer overdue balances.
To Increase or Decrease the customer credit limit as per company policy
To Ensure collection are received as per approved credit term and period
Verifying all invoice entries and facilitating payments due
Preparing monthly management reports
Preparing Handing over and taking over reports from salesman
Preparing collection and delinquent payers report
Follow up payments from debtors to ensure collection within credit terms
Monitoring & ensuring for monthly reconciliations of customer accounts.
Visits delinquent and major customers and sales branches
Preparing and maintaining customer’s ageing accounts.
Sets targets and supervises staff performance, recruits and develops staff
Debtor’s reconciliation & confirmations.
Assessing customers creditworthiness before approving the credit facility
Validate Customer Credit Application as per company policy.
Ensure all PDC/CDC are collected on time.
Monitoring of allocation of receipt and timely deposit of cheques in bank
Monitoring bounced cheque and handover to legal dept.
Ensure Compliance of the credit policy.
Submit L/C to the bank with proper documents.
Resolve all discrepancies of Customer pertaining to receivable

Company : Al- Jomaih Bottling & Can Making Plant :

Al Jomaih Bottling Plants \[ABP\] is a business partner of Pepsi Cola International in Saudi Arabia. Established in 1957, ABP has grown to assume a virtually unchallengeable leadership position in its franchise territory covering the Central and Northern regions of Saudi Arabia., with more than 2, 500 employees, a dominant volume and market share, the company ranks among the most respected beverage businesses in the Middle East region


Job Description:

Follow up with salesmen for past due customer balances
Preparing A/R reconciliation on Monthly Basis
Applying all receipts to customer invoices after checking their authenticity
To monitor cash & credit sales
To confirm customer’s balances on Quarterly basis and to resolve all related issues
Responsible in handling Cash Sales, Petty Cash, Cash Deposits.
Validate Customer Credit Application as per company policy.

Company : Kamal Mirror & Sanitation

Kamal Mirror & Sanitation Limited manufactures and sells sanitary ware products in India. The company also trades in bathroom accessories. Its products include ceramic sinks, wash basins, wash basin pedestals, baths, bidets, water closet pans, flushing cisterns, urinals, seat covers, kitchen sinks, WC'Â's, shower panels and cubicles, bath tubs, whirlpools, CP fittings, taps, accessories, and sanitary fixtures. The company also provides mirror frames etc,


Job Description:
Monthly cash flow statement.
Bank reconciliation statement.
Handling petty cash.
Maintaining Sales ledger.
Maintaining the files of all Customers.
Follow up with customer for collection
Pass Credit note or Debit note with all support documents
To monitor cash & credit sales