Commercial Finance Supervisor
Pepsico
Total years of experience :5 years, 11 Months
Distributors) at PepsiCo - Egypt from May 2015 till Feb 2017. Managing the Commercial Control Function with total organization head count 16 person in the 3 Distribution centers scattered across the region and 2 Distributor ( Fakous and Mansoura"Nabarouh"), One of my Key role is to evaluate their performance of the receivables staff and develop people plan that enable the team to proceed in their career within the company and handle monthly audit visits to the distributors and market and ensure create inventory count on SAP for coolers and spare parts for my DCS .
•Managing Pepsi Cola Egypt Accounts Receivables, which is complicated business due to the huge volume of customers (Cash and Credit) with different sales channels and different payment terms.
•Manage all accounts receivables monthly closing tasks, reviewing all Debit and Credit notes, reviewing the customer's aging, and clearing, and securing the needed approvals as per the company policy.
•Helping to achieve the objectives and plans of the company and propose alternatives that increase profitability and cash flow.
•Managing the monthly closing activities, to ensure that all entries are accounted for correctly in accordance to the accounting standards and accounting principles.
•Work with the Legal and Sales on the defaulted customers to make sure that all reasonable efforts are took place.
•Monthly confirmation on the customer balances according to the company approved policy to ensure the correctness ad the accuracy of the company receivables.
•Prepare and calculate the Accounts Receivables best estimate, reconcile it versus the actual and identify the reason behind the variances and take the corrective action.
•Reviewing cause of change analysis for all Accounts Receivables and ensure that all movement is correct and there is no miss allocation.
•Ensure the revenue recognition in accordance with the PepsiCo Policy on timely bases through the daily interface between MEA S&D (Sales Module) and SAP.
•Assurance of PCE COSO compliance through risk assessments, Compliance field visits, reports results and proposed enhancement to the Manager follow up on the action plan.
•Drive the company agenda in my region through setting KPIs, continuing monitoring for the Key Business Targets and people targets as well.
•Ensure the all DC's closed the days on MEA S&D on a daily basis, work to solve any issues on timely basis without affecting on the sales and completely compliance with the COSO requirements in quarterly basis for my DCs and posting test on GCS system.
•Hold monthly credit meeting with the unit Sales Managers (USMs) to review the overdue / action plan to settlement the amounts and in cases needed to forward to legal.
•Manage all the Reviewers, Accountants and Cashiers daily operations in the DC's, manage the HR related activities for them and mentoring they annual activates.
•Prepare the monthly accruals amounts for the distributors and review they monthly claims with the model cost.
•Prepare monthly meeting with DC's AR Reviewers to review all the monthly reports (aging report - default balance - legal action - coolers MV-finance market samples and the action - Trainings for our team on SAP)
•Review and approved for all Preparing debit and credit memos that are related to accounts receivables area which prepared from AR accountant and Reviewers.
•Work with all DC's team (Finance /sales / operations /security) to ensure all steps agree with our company policies during weekly visits, selling all DC's scraping FBF.
•Successfully to Finished an initiative (Saving Cost) which saving 611000 EGP on three months for all DC's and achieve the control to be 100 % as per insurance Limit & policy.
•Ensure timely closing of monthly audit for the company distributes centers on monthly basis.
•Achieve 100 % of COSO testing based on regional timeline each quarter on 2015 - 2016
•Ensure Timely closing of daily financial period at 11am max
Ensure Timely closing of daily financial period at 10 am max.
•Achieve 100% of COSO testing based on regional timeline on quarterly basis.
•Utilize SAP application for customer CUC, MEM movement, customer balances and customer aging.
•Prepare All DC customers monthly confirmation and make sure their signature on their balance on monthly basis.
•Handling the function of the DC head accounts for 4 years on his monthly vacation.
•Fellow up a daily attitude for any exceeded amount and for exceeded case converted to insurance in HO.
•Work on developing interpersonal skills and technical fellow with AR cahier and was moved to AR accountant in Sharm El Sheikh DC in 2014.
•Achieving the organization goal through COSO -Quarterly Internal Control procedures testing on GCS system.
•Maintain an up to date the customers balance daily including the collected checks.
•Follow up on customers that having an overdue and managing the collection process for it.
•Follow up the returned checks and the collection for these checks.
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