Credit Controller
AL Futtaim Group Real Estate LLC (Dubai Festival City LLC)
مجموع سنوات الخبرة :24 years, 4 أشهر
Brainstorming, formulating, and implementing strategic plans and procedures to solidify the credit administration of the organization aligned to the business plan for improvising the credit processes and background processes.
Scrutinizing all the documents relating to credit facilities lodged with the department to ensure that the documentation follows the latest sanction requirements and is admissible /enforceable.
Upholding the company's credit exposure within a certain risk level with the set limit in mind.
Overseeing credit application process to include credit verification and assesses credit limits.
Developing & implementing credit policies & norms & performing a continuous evaluation to ensure adherence to compliance. Ensuring policies and procedures meet requirements.
Successfully undertaking and performing all aspects of financial management, including budget and forecasts, developing internal control policies and procedures, and corporate accounting.
Pivotal in assessing and managing risk; coordinating audit processes; monitoring internal controls; preparing financial reports
Assessing financial data, driving income generation, and promoting regulatory compliance. Reconciling complex accounts that have been escalated from the AR team; monitoring debtor balances to ensure a reduction in debtors DSO and ensuring credit and collection policies and procedures are followed within your team.
Coordinating with Treasury and Group Treasury regarding automation/ digitalization/smart business services/ credit cards, direct debits, and other banking-related operational work.
Liaising twice a week in the month with Group legal for customer-related legal cases.
Offering updated information to business heads as requested.
Looking after/evaluating problematic and delinquent accounts to ensure immediate closure.
Actively organizing special weekly debtors review meetings with the Business head and Senior Management to provide reports on work in progress and agree on further action required to target the most significant and oldest debts within a specified timeframe.
Steering and guiding a team, ensuring appropriately motivated and developed to carry out their responsibilities to the required standard.
Entrusted with the overall accountability of looking after cash/ cheque collection and deposit, invoicing, maintaining the billing systems, generating invoices and account statements, performing accounts reconciliations, maintaining accounts receivable files and records, producing monthly financial reports; solving irregularities; and assisting in general financial analysis and management.
Looked after and approved accounts payable and accounts receivable transactions to ensure accurate and complete information was recorded to the general ledger.
Employed effective collection techniques to elicit information from customers concerning barriers of payment and agreement to resolve any issues through customers' internal systems or by the company to secure payment within terms.
Shouldered with the entire responsibility of carrying out accounting functions like the accurate recording of journal entries, preparing monthly accounts, maintaining general Ledger schedule, coordination with a group of companies.
Liaised with all aspects of the accounts receivable cycle and supported various general accounting operations.
Oversaw invoice processing, credit memos, reconciled vendor statements, and handled payment complaints.
Determined potential collection problems by reviewing weekly/monthly monitoring reports and keeping abreast of industry trends.
Liaised and determined various issues with banks and assisted in preparing monthly management reports and accompanying schedules, worksheets, and narratives, including budget.
Ensured compliance of all policies and procedures affecting the accounting operations.
Reviewed financial reports and accounting reports relating to a particular project or project.
Entrusted to monitor local and overseas purchases and consolidate accounts payable reports after reconciliation with supplier’s SOA and accounting every month.
Passed accrual-related entries every month.
Played a key role and managed ICM of all DFC companies and accepted ICM as per aging or monthly basis. Managed complete fixed assets capitalization for all DFC projects on the system alongside external consultants (TTS Page Kirkland from Australia).
Prepared journal entries approved and entered transactions into the ledger; reviewed assigned reports, considered the accuracy of information; followed up with the field office staff; formulated journal entries for expenses; notified the controller on significant problems; communicated problems and concerns guided the staff.
Held accountable for preparing monthly customer outstanding aging reports for FM, reconciling corporate clients and customer’s records, and ensuring outstanding SOA is error-free to provide to the customer/clients.
Looked after policy implementation and ensured that projects and policies were being implemented and adjusted as necessary and that relevant results were achieved.
Developed reminder letters for overdue balances to be sent to the customers and processed credit applications, including running credit card checks and monitoring credit limits.
Coordinated with BU, sales team, customers, auditors, and marketing team.
Entrusted to process, verify, and post receipts for goods sold or services rendered; researched and resolved account discrepancies
Successfully processed and recorded transactions and maintained records regarding payments and account statuses.
Acquired information from other departments to ensure accurate and complete records and that accounts receivable ledgers and journals are up to date. Conducted administrative and clerical tasks, such as data entry, preparing invoices, sending bill reminders, filing paperwork, and contacting clients to discuss their accounts.
Prepared receipt payments on the system; daily depositing cheque in the bank and posting of payments on the system in customer account; daily and monthly clearing and matching of payments with the invoice.
Checked the bank statement and followed up on overdue and for short payments with customers and corporate clients.
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