Finance Controller/ Credit Control Management
General Engineering Services (GENSERV).
Total years of experience :35 years, 4 Months
2018- till date General Engineering Services EST.(GENSERV-VOLOVO) Financial control Manager and Credit Control Manager, Oman
• Credit Control Manager for the following group companies (from 2006 - up to date):
• Al Seeb Technical Est (SARCO)
• Oman Concrete Products (OCP)
• General Engineering Services (GENSERV).
Due to my good performance and my intense capability, I was promoted and transferred from Sarco to Shared Service as Credit Control Manager for the following group companies.
Rule and responsibilities
o Reengineer the credit policy for all companies
o Follow up all staff clearances
o Monthly cash flow report
o Monthly expected collection report compared with the cash flow report
o Fully authorized for all credit limits for all credit deals
o Define all bad debt provision in the yearly report
o Responsible to follow up all bounce back cheques
o Responsible to open a legal case for all bad debt
o Resolve labor legal cases in the court and with the labors as well with your lawyer
o Created a systematic reconciliation process for collection department defined with invoice submission date and which will reflect in the statement which caused an automated reconciliation.
o Focal point for needed legal cases in case of financial clarifications in the court
o Created a systematic process from the store to the credit control department defined with invoice submission date
o Responsible for some of the financial settlements before it get raised to the legal department
With a proven ability to perform and to add a big value to the organization I’m with, I been nominated to take over the Finance and Admin manager in sarco Oman to stabilize Samsung dealership as long they wanted to withdraw their dealership from sarco Oman.performance I was promoted and transferred from M/s. Jumma Al Majid Est. DUBAI to Al Seeb Technical Est (SARCO) Oman as a Finance & Admin. Cum Debit & Credit Control Manager (from 2001 - 2006)
This is a leading company in Oman which has Agencies of Samsung range of products, Citizen Watches, Konica Photo Copiers, Bertillon filing systems, range of residential, and furniture for office, Carpets & Curtains
Achievements
o Regulated the account department as per the designation and responsibilities
o Train each employee in the account department in a way each one of them can be allocated and relocated in any section in the account department
o Reengineer the credit policy
o Computerize, automated and systemize the reporting system
o Computerize, automated and Systemize the cheques transactions Computerize and Systemize the communication between the credit control Dep and the legal department
o Define the Credit Documentation for credit opening as:
Dealer
Government
Companies
Individuals
Sister companies
o Create Monthly analyses report as per the customer type
o Define all bad debts
o Open legal cases against all bad debts
o Stabilize the sarco financial transaction
o Increase sarco income based on actual figures
o Open 5 new branches to increase the sales
o Massive increased for resellers database which has a massive impact on the sales volumes
o Covered all overdue PDC and cash payments of all dealers
o Created a systematic reconciliation process for collection department defined with invoice submission date and which will reflect in the statement which caused an automated reconciliation.
o Create process and systematic clearance system for all branch staff
Rule and responsibilities
o Review JV’s on a daily bases and make sure the accuracy of each one of them as per the auditor's process.
o Visits all the branches on a monthly basis
o Visits all the Dealers on a monthly bases
o Troubleshoot Branches and Dealers and resolve all problems
o Follow up all branches clearances
o Main team member for yearly sales target creation
o Yearly sales planed and actual target comparison report for Dubai CEO
o Monthly cash flow report
o Monthly expected collection report compared with the cash flow report
o Track and reduce indirect expenses
o Review profit and loses accounts to be submitted to the both internal and external auditors
o Correspond and clarify all highlighted points made by the internal auditor
o Fully authorized for all credit limits for all credit deals
o Define, inspect and approve all stock taking
o Review and approve all LC before the final approval
o Resolve all staff issues
o Recruitment in charge
o Define all bad debt provision in the yearly report
o Responsible to follow up all bounce back cheques
o Responsible to open a legal case for all bad debt
o Review the balance sheet and profit and loss statement and to be sent as final statement for Dubai CEO
o Resolve labor legal cases in the court and with the labors as well with your lawyer
Juma Al Majid group companies bornin the year of 1950.Juma Al Majid is the leading organization in the UAE holding the most franchises global lead brands such as Samsung, Citizen Watches, Konica Photo Copier &Bertello Filing Systems, with a list of lead dealership for Automobiles such as Hyundai, Kia, Asia, Yokohama tires, with branches all over UAE.
Achievements
o Reengineer the whole group credit policy for the group
o Computerize, automated and systemize the whole group reporting system for the group
o Computerize, automated and Systemize the cheques transactions for the group
o Computerize and Systemize the communication between the credit control Dep and the legal department
o Define Juma Al Madid group Credit Documentation for credit opening as:
Dealer
Government
Companies
Individuals
Sister companies
o Create Monthly analyses report as per the customer type
Rule and responsibilities
o Review the credit policy implementation
o Make sure all receivable is done as per the policy in the system
o Full credit facility authority for new customer
o Define the credit limit of each customer
o Follow up with my staff cheques PDC collection pre posting as per the payment terms
o Full legal authoresses to take an action against bounce back cheques
o Review monthly and create monthly bad debtor provision report to the CEO
o Prepare and write down exclusively all Juama Al Majid international watches Swiss factories balance sheet and profit and loses
o Auding all J.V for all local and international receivables
o Full authority for all company financial settlements
o All operation management
o Review international transactions
o Review accounts payables and receivables
o Prepare Balance sheet
o Prepare profit and losses accounts and review it with the board
o Budgeting
o Review actual and forecasted budget and find the gabs and overcome all barriers
Is a group of companies which contain a factory and wholesale all over Egypt with over 3000 employees.
Rule and Responsibilities:
o Set Yearly, semiannually, quarterly Sales targets
o Set yearly, semiannually, quarterly reports
o Review Monthly actual and forecasted sales
o Prepare daily financial Report
• Lords Trading IndustriesEgypt - Assistant accouter manager (1990 - 1992)
Handling Five Branches which include all accounts and store accounts with a team of 3 accountants reporting to me:
Rule and Responsibilities:
o Daily Account Transactions
o Create monthly statement
o Balance sheet
o Profit and losses accounts
o Branches Targets
o KPI Review
o Annual reports for the board
Is a group of companies which contain a factory and wholesale all over Egypt with over 3000 employees.
Rule and Responsibilities:
•Set Yearly, semiannually, quarterly Sales targets
•Set yearly, semiannually, quarterly reports
•Review Monthly actual and forecasted sales
•Prepare daily financial Report
Handling Five Branches which include all accounts and store accounts with a team of 3 accountants reporting to me:
Rule and Responsibilities:
o Daily Account Transactions
o Create monthly statement
o Balance sheet
o Profit and losses accounts
o Branches Targets
o KPI Review
o Annual reports for the board
Rule and Responsibilities:
o Yearly Budgeting for clients
o Yearly Profit and loses accounts
o Review final Statement report
o Daily Book keeping review
o Audit Taxation
o Audit Balance sheet
o Audit profit and Loss account
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