Accounts Receivable Manager
SUN AND SAND SPORTS LLC
Total years of experience :17 years, 10 Months
Managing credit control department wholesale division of Nike, Timberland, Columbia, The Northface, Arena, Vans Brands to ensure full implementation and Compliance according to group credit policy and to establish adequate financial controls for granting, monitoring and controlling of credit granted to customers.
Prepare monthly Ageing Reports for Management.
Determine and recommend levels of Credit which can be extended and recommend amount of working capital necessary to finance accounts receivable to provide reserves against bad debts.
Ensuring credit operations comply with relevant legal requirements and company policies.
Negotiate LC documents as per LC Terms and Conditions.
Negotiation with customers to resolve outstanding issues and secures payment of overdue debts. Immediately resolving any dispute bills and taking appropriate action with management approvals.
Establish and maintain excellent and effective working relationships with key customers
Senior Accountant at Sun and Sand Sports LLC (No. 1 Sports Retailer in UAE and Gulf Region)
July 2006 - Present (8 years 6 months)
MIS Reporting
Trade Finance
Accounts Manager Trade (Payable)
Payroll
Auditing Reports
MIS Reporting:
Financial Analysis / MIS Reporting prepared on monthly basis after closing of month end. Following are the reports totally based on overall activity of the company in a particular month. Balance Sheet, Profit and Loss Accounts, Brand wise comparison, Brand wise Sales, Location wise Sales, Sales Report, Sales Analysis (Comparison Actual vs Budget, Actual vs Actual Last Year), Inventory Ageing, Receivable Ageing, Reconciliation of Sales and Cost of Sales from General Ledger to Inventory
Trade Finance
Establishing Import LC / SBLCs for the Suppliers.
LC Amendments upon Request.
Retiring the Documents from the Banks.
Processed All Accounting Entries accordingly.
Accounts Manager Trade (Payable)
Maintain the Shipment Exposure to keep the Credit limit intact.
Co-Ordinate with the supplier.
Reconciliation of the Accounts
Remittance process
Allocation of Accounts
(Suppliers: Nike, Adidas, Columbia, Timberland, Under Armor, Arena, etc)
Payroll
Process the payroll from the Time Sheet for more 2000 Employees.
Prepare the list of Arrears/Deductions to include in Emp Payroll
Taking out from the system for those staff resigned/Termination/Left.
Checking of End of Service Benefits according to UAE Labor Law.
Payment to Resigned/Terminated/Left staff.
Auditing Reports
Maintain Audit File for External Auditors at year End and prepare schedule as per their requirement e.g. Sales Analysis, Profit & Loss and Balance Sheet.