Senior Accountant/Credit Control Exective
Al Futtaim Company LLC
مجموع سنوات الخبرة :17 years, 7 أشهر
1)Worked as Power user in SAP IS Auto Implementation Project (Fast Forward)
2) Responsibility for branch audits with emphasis on continuous improvements
3) Review of company policies and procedures and ensuring business operations are fully compliant
4) Year end assignment of statutory inventory audit as per audit program
5) Review of the accessories recovery account to ascertain recoveries from associates
6) Risk management and highlighting of risks and control weaknesses with mitigation strategies
7) Closely monitor Accounts Receivable to reduce overdue % for customers through
• Providing KPI and trends to business units
• Implement periodical structured review with Business Finance / Business head
• Key actions point to be documented for effective follow-up.
• Follow up for DHC & overdue invoices with concerned Division / Region.
• Escalation of legal and police cases.
8) Accounting all adjustment entries requests received from locations.
9) Monitoring timely recording of all incoming payments and Bank transfers by the locations through pending list provided by AFSS-GL team.
10) Assessment & Verification of Credit Application in order to ensure about availability of mandatory documents according to Company policy.
11) Assessment and Analysis of Additional Credit Facility requested by Business.
14) Intimating document status of received Credit Application after initial assessment to concerned SE & line Managers.
15) Maintaining AR Customer file containing all relevant documents including Credit Application, Trade License, Bank References, Bank Guarantee, Power of Attorney, MOA and all relevant correspondence.
16) Regular review of Credit Exposure and to take necessary action in order to reduce the manual release sales order.
17) Analysis of Credit Blocks for sales order and coordinating with Business.
18) Preparation of Different report such as AR Dashboard Report, Trade Debtor Provision at Company & Division level & Other adhoc report as well.
1) Managing the intercompany transaction clearing process, reviewing the inter-company customer aging and preparation of Intercompany dashboard showing the transactions based on responding company and their respective CAPEX/OPEX item
2) As part of the month end process ensuring that as per the AP cut off all accruals have been adequately posted and reviewing their impact on OPEX GLs, also responsible for review of prepaid balances and fixed asset depreciation to ensure correct month end entries are posted in Oracle Financial.
3) Assisted in the preparation of financial statements for the management
4) Preparation of monthly and yearly financial schedules
5) Improvements in internal processes and internal controls(Purchase & Sales cycle)
6) Assistance in the preparation of annual budgets and variance analysis as per FM’s instructions
7) Successfully handled the Accounts Payable function management including reconciliation with specific actions
8) Liasioning with internal and external auditors for interim and final audit.
1) Successfully enhanced Tenancy Report by adding various information to make it easier for reviewed and follow-up
2) Regular follow up the status from lawyer and update to Real Estate Manager
3) Improvements in internal processes and internal controls(Purchase & Sales cycle)
5) Ensuring Customer satisfaction by resolving issues with regard to payments or reconciliations.
Key Responsibilities:
• Renegotiating all contracts annually giving chance to lower costs
• Discussions with Customers on eliminating non-value added costs
• Responsible for preparation of Expiry report of Tenancy Agreement & Maintenance Contracts
• Holding headcount constant, thereby improving existing employee productivity.
• Handling all accounting and bookkeeping functions till finalization.
• Cash-flow Reporting and Treasury Management
• Assisting Finance Manager in business planning and budgeting.
• Liasioning with auditors, resolving audit queries and working towards unqualified audit report.
• Handling export letters of credit including rectifying discrepancies and chasing payments.
• Responsible for receivables management, payroll management..
• Responsible for Payables Management ensuring that company’s DPO target was achieved.
• Handled Inter- company reconciliation and petty cash management
• Fixed asset management and assistance to FM in capex planning
• Adherence to DOA compliance and compliance to local laws
• Review the monthly accruals and ensure compliance to accounting standards in ME.
• Review the business performance and delivery of improvement in the area of Trade loan, debtors, capex, and sustainable working capital reduction.
Responsible for handling a portfolio of PRs 1.271 billion altogether 11 accounts (of Textile, Cotton and Confectionery segments
Coordinating day to day operations - Processing of cheques
Responsible for General Ledger Management & month end & year-end finalization.
Handling the financial management responsibilities of Department Manager during his absence.
Maintaining correspondence with customers about the banking facilities
Involved in credit/ risk assessment and submitting recommendations for management approval,
Ensuring compliance with ISBP Prudential guidelines, Bank's Credit Policy
Finance
GPA -3.00
Finance