Incharge Credit Control & Customer Relations.
ALBAKRI Group of Companies
Total years of experience :35 years, 5 Months
Working at Jeddah, Saudi Arabia from March 21, 2011 with Bakri International Energy Co Ltd., of ALBAKRI Group of Companies ( Abdul Kadir Al Bakri & Sons Holding Co.), trading of Oil / Bunkering / Ship Chartering /Aviation Refueling for Shipping & Airline Companies and also have their own fleet of ships & off shores.
In charge Credit Control & Customer Relations Division (June 2014 to present )
In charge Credit Control ( March 2011 to May 2014 )
Group Activities : Oil Trading / Aviation Refueling / Bunkering / Shipping / Chartering.
Jobs for Entities and Assignments :
1. Bakri International Energy Co Ltd. (Jeddah, Dammam, Jubail, Yanbu)
2. International Supply ( UAE - Dubai, Fujairah, Khor Fakkan)
3. Bakri Aviation (Airports : Jeddah, Riyadh, Madinah, Qassim )
- Review and check credit limits as per Lloyds List Intelligence Reports (UK)
- Manage Company’s Credit Sales Policy.
- Monitor account receivable data, report over dues, contact with customers on due dates
- Report critical cases, resolve disputes on bank accounts and outstanding issues
- Review collections and short payments
- Quarterly maintain customers master data (sales, credit limits, maximum outstanding)
- Prepare clients Age Analysis Report client wise and days wise basis.
- Analyse audited financial statements of Marine & Aviation customers
- Recommend for Credit Limit to Marine and Aviation Customers
- Prepare Analysis documents of all customers for management approval on every six months.
- Review market hot topics & financial news of marine & aviation sector and customers.
- Categories customers as per business portfolio & payment history
- Monitor customer relationship after sale and continuous monitoring of third party risk.
Last status was as “Asst. Vice President” in EFU General Insurance Ltd., Karachi Pakistan. 25 years experience in this company and worked in Internal Audit Dept for 22 years and earlier 3 years with Personnel & Admin Dept.
- Review - Credit (outstanding / account receivables ), age analysis, salvage adjustment / recovery after loss.
- Analysis of budget variances and implementation of IT checks in Finance, Underwriting and Claims.
- Observe risk management portfolio on client’s past experience and behavior in claims and premium.
- Review - rate reductions / increase, rule of claim deductibles, no claim bonus benefits to client.
- Review - Report of Risk Assessment of the site before the Insurance.
- Compliance of Internal Audit activities and plan and enter new techniques.
- Monitor bank transactions according to the instructions to bankers for distribution of money into different
bank accounts.
- Resolve the matters of recoverable / payable amount to clients and coinsurers. Scrutiny made for clients
and agents balances.
- Developed and implemented audit plan after discussion with seniors.
- Assessed the adequacy of management action plans in response to audit recommendations.
- Participated in pre and post- implementation control reviews departmental meetings.
- Work on operational and Head Office audits consisting of operational side, 25 branches in Karachi.
- Special exercises, surprise visits and investigations as per management’s requirement.
✠ APA (2637) Pakistan Institute of Public Finance Accountants. (Year - 2003) Associate member.
➢ ✠ FCMA (F885) Institute of Cost & Management Accountants of Pakistan. (Year - 2000) Fellow member in 2005.
✠ Post Graduate Diploma Courses: (a) Management Accounting & Business Finance (b) Management & Personnel Administration. (Year - 1988)
✠ Bachelor of Commerce - Graduate (Year - 1987) Diploma/Certificate Courses ➢