Credit Controller
Mondelez International
Total years of experience :21 years, 2 Months
Assist in the setting up of the credit control system
Ensure that debts are paid in a timely manner
Meet cash & debtor day targets set by the Firm
Chase overdue invoices by telephone, email & letter within agreed timescales
Maintain accurate records of all chasing activity
Regular meetings with Fee Earners to ensure all relevant debts are managed as necessary
Identify changes in payment patterns and propose action to avert indebtedness
Handle disputed bills and negotiate to bring payment within the agreed terms
Provide accurate advice on billing queries
Respond promptly and completely to both client and internal enquiries
Providing accounts information to internal departments
Prepare files for transfer to the Debt Recovery Dept.
Post payments to accounts and allocate as required
Undertake account reconciliations as required
Ensure monthly processing deadlines are met as required
Send out monthly client statements/letters as may be agreed from time to time
Develop the credit management capability within the practice
Provide cover for other accounting functions as requested
Other duties as delegated from time to time by the Credit Control Manager or any other person designated in their absence
Keep the partnership up to date with new credit management techniques and practices
Keep the record of all the CR’s for the customers, follow up for the expired CR’s.
Resolving queries both internally and externally around outstanding invoices
Maintaining contact with clients to ensure invoices are clear for payment
♦Review reconciliations and ensure all reconciling items are investigated and cleared immediately.
♦Review credit notes for completeness and status versus plan and activity sheets, fixed and variable LTA (Long Term Agreement)availability, review for SOA approval requirements prior to processing.
♦Complete tracking sheet by customer, LTA and Activities.
♦Obtain accruals of current month for Sales Commission, Stales, Stockiest rent, and D/A Activities.
♦Complete sales commission on time, obtain approvals and forward to payment function to process.
♦Prepare sales commission accrual on time for book close.
♦Review SAP GL balance for Revenue Accounts and prepare GL vs Sub-ledger reconciliation, obtain S2C Controllers approval.
♦Review bank reconciliations and ensure completeness. Review with S2C controller and obtain authorization.
♦Know the OTC P&P and COSO requiems of S2C. Compile D&A related COSO testing reports.
♦Back up credit controller as and when required.
♦Support Revenue Analyst with data analysis, sales reporting and other D&A related evaluations and reporting.
♦Aging analysis for the balances receivable from the customers throughout KSA and UAE.
♦Analyse and prepare Top 10 and Top 3 customers with over dues.
♦DSO (Day Sales Outstanding) calculation for the Top 15 customers throughout KSA an UAE
♦Prepare AR Interface reconciliation between Database (Oracle) and SAP.
♦Monitoring customer account details for non payments, delayed payments and other irregularities.
♦Follow up, collection and allocation of payments with DC Finance.
♦Investigate and resolve customer balances between the Interface Oracle and SAP.
♦Maintain the Sub Ledger and General ledger.
♦Prepares regular periodic and special accounting reports.
♦Prepares monthly account analysis for management review.
♦Monthly reconciliation of bank & cash accounts.
♦Set work priorities and respond to changing priorities that impact on daily planned activities.
♦ Supervising the maintenance of revenue journal books.
♦ Monitoring the daily sales and daily cash deposit to bank.
♦ Overlooking the reconciliation of the credit card data with the bank.
♦ Monitoring the cashier activity, realization of cash discrepancy if any.
♦ Supervising the preparation of monthly store budget.
♦ Presenting the monthly MIS.
♦ Implementing and monitoring the Taqseet (sale on Instalment system).
♦ Reporting the daily sales report and consolidated report for the management for CEO, COO, CFO, GM, and Department heads.
♦ Preparing the weekly and monthly report for the top management.
♦ Supervising the monthly closing and credit card and Cash account reconciliation.
♦ Coordination with the internal audit team.
♦ Supervising the yearly closing.
♦ Responsible for External audit.
♦ Realisation of outstanding money with the bank
♦ Current A/C Reconciliation.
♦ Responsible for managing the corporate sale with corporate houses with varying payment term period.
♦ Supervising the central cashier office (CCO) and cash float of CCO and monitoring cashier activities
♦ Involved in training of staff on accounting practices.