Senior Financial Officer
Al Shirawi Group
مجموع سنوات الخبرة :28 years, 9 أشهر
Reconciling daily, monthly and yearly transactions
• Developing an in-depth knowledge of organisational products and process
• Being a key point of contact for other departments on financial and accounting matters
• Supporting the Finance Manager and executives with projects and tasks when required
• Providing customer service to clients
• Work with project staff to prepare budgets for funding proposals.
• Resolve financial disputes raised by the customer service and sales teams
• Prepare monthly project accounts for all projects
• Prepare timely and accurate financial reports in accordance with clients requirements.
• Carry out other tasks related to matters of grant finance as required.
• Ensure all financial transactions are correctly recorded in accordance with relevant grant contracts.
Develop and improve methods of settlements to ensure strict controls are in place for offered
restructuring solutions.
• Supervise 2 external teams of 10 members & monitor their collections performance.
• Report the progress & MIS reports on daily basis to management.
• Co-ordinate & follow up with other units and departments to process the reschedule settlements on
time.
• Work closely with delinquent account holders to collect & reconcile accounts through approved
channels.
• Ensure all Auto Finance portfolio under my custody are covered with repossession court orders as
per Collection Strategy.
• Hand over debtor's files to internal lawyers for suitable legal actions.
Maintained high volume of calls and worked in call-centre environment handling manual and
automatically dialer outbound calls.
• Interact with customers to convert the delinquent accounts into active regular repayment plans.
• Used skip tracing and other techniques to locate defaulters.
• Prepare overdue settlement plans to fit customer's as per bank policy.
Analyzed financial statements, review cash flows & all other financial data
• Maximized working funds & profitability by recovering the maximum amounts of delinquent debt
• Managed team of 6 members, overseeing the hiring, training and professional growth of the team.
• Supported collectors in improving collection methods to ensures achieving the assigned goals.
• Obtained documents, clearances, certificates and approvals
• Following Field Visit team and Bank's Guardians for Auto Portfolio.
• Doubled portfolio received from banks once exceeded the expectations.
Monitoring clients balances to ensure a reduction in clients DSO
• Oversaw all reporting, documentation and record-keeping requirements for department.
• Obtained and reviewed credit reports, credit references, credit insurance and financial statements
to establish credit limits for new accounts.
• Reconciling complex accounts that have been escalated from sales team
• Monitored accounts for signs of fraud and non-payment issues for swift resolution.
• Reported KPIs to department heads for management of positive cash flow, adjusting credit risk
policies and procedures accordingly.
• Innovated an extremely effective plan of (Daily, Weekly collections)
• Implemented new strategies which recovered Bad Debts by 400K OMR