Mustafa Al Momen, Credit Control Manager

Mustafa Al Momen

Credit Control Manager

PEPSICO

Location
Saudi Arabia - Riyadh
Education
Master's degree,
Experience
19 years, 5 Months

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Work Experience

Total years of experience :19 years, 5 Months

Credit Control Manager at PEPSICO
  • Saudi Arabia
  • My current job since January 2018

Fulfills a critical role administering a portfolio of accounts receivable valued at over $70MM at the parent company of the Pepsi, Frito-Lay, Tropicana, Gatorade, and Quaker brands, directing a team of sales professionals progressing towards collections targets while tracking key performance indicators. Maintained accountability for credit operations for distributors in the Levant and the Gulf Cooperation Council.
•Introduced new reports and assessment tools to address and mitigate risks while proactively identifying potential issues.
•Served as the architect of formal credit risk policies and procedures to ensure consistency across all credit operations
•Compiled and submitted weekly cash forecasts that included insights into customer collections; on a monthly basis, developed and submitted a report to the financial controller detailing outstanding accounts.
•Exercised superior relationship management skills to maintain strong connections with clients, minimizing the potential for bad debt; leads negotiations to bring payments current.
•When necessary, develops the appropriate collection of documentation to support legal action to collect delinquent balances.

2014 TO 2017: CUSTOMER ACCOUNT MANAGER
Responsible to lead the regional finance teams of number of assigned regions. Support the business by effectively coordinating with Sales, HR and Logistics functions on ground and in Head Office. Act as a catalyst and facilitate overall OTC performance.
•Responsible for S2C business cycle for number of regions assigned.
•Responsible for compliance with controls over the S2C cycle.
•Responsible to ensure that all daily and month-end reconciliations are done and meet minimum timelines and quality.
•Regular review of business process and policy and recommend changes, discuss and implement.
•Conduct regular refreshers to finance and other OTC teams on internal controls, business process, policy and OHS
•Team up with Credit Controller, Revenue Analyst and Key Account AR Supervisor on Organized Trade customer aging review and team up with Key Account Managers to timely resolve action items such as un posted credit notes, customers deductions review of remittance details.
•Meeting monthly closing and reporting deadlines as Per FR calendar.

at SAUDI PAPER CONVERTING
  • January 2003 to January 2014
ACTING FINANCE MANAGER
  • January 2010 to January 2014

Setting the financial Budget
•Prepare all financial statements and reports.
•Direct the installation and maintenance of accounting records to show receipts and expenditures.
•Direct the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
•Direct and manage the cost analysis and rate studies.
•Prepare statements and reports of estimated future costs and revenues.
•Direct internal audits involving review of accounting and administrative controls.
•Establish system controls for new financial systems and develop procedures to improve existing systems.
•Prepare the external audit materials and external financial reporting.
• Responsible for cash management, including performing international wire transfers, ACH payments, and maintaining lines of credit communicate with banks to prepare LCs.
•Review financial statements with management personnel.
•Direct the installation and maintenance of new accounting, timekeeping, payroll, inventory, property, and other related procedures and controls..

ACCOUNTING MANAGER
  • January 2008 to January 2010

Responsible for all aspects of accounting (accounts payable, accounts receivable, billing, general
•ledger entries, bank reconciliation, credit card expense report reconciliation, cash applications,
•collections, and payroll)
• Responsible for delivering timely and accurate financial processing, month end close, cash.
•management reports, and balance sheet reconciliation.
•Responsible for cash management, including performing international wire transfers, ACH payments, and maintaining lines of credit
•Maintain professional banking relationships.
•Process new customer credit references and assign credit limits and terms.
•Coordinate and direct the development and preparation of budgets, forecasts, and projections.
•Determine internal audit scope and develop annual plans .
• Prepare monthly, quarterly, and annual financial statements, bank reports, and various detailed analysis reports, including MISC-1099 for sales agents.
• Maintain files and comply with record retention requirements.
• Process payroll using a payroll service.
•Hire and terminate employees

SENIOR ACCOUNTANT
  • January 2003 to January 2008

Innovated formal processes, systems, and reports to meet the needs of the organization to understand the health and direction of organizational finances.
•Contributed to the structuring of fundraising contracts, working collaboratively with the Legal department.
•Maintained accountability for controlling capital expenditures while processing payments and journal entries
•Prepare all financial statements.
•general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
•Prepare statements and reports of estimated future costs and revenues.
•Prepare the external audit materials and external financial reporting.

ACCOUNTANT at SAUDI
  • Saudi Arabia
  • January 2001 to January 2003

LTD.BUILDING&CIVIL

Education

Master's degree,
  • at HILLFORD UNIVERSITY
  • November 2019

Bachelor's degree, Accounting
  • at AMERICAN UNIVERSITY
  • November 2019

Bachelor's degree, MIS/ Accounting
  • at KING FAHAD UNIVERSITY OF PETROLEUM AND MINERALS
  • November 2019

High school or equivalent, MIS/ Accounting
  • at INSTITUTE OF MANAGEMENT
  • November 2019

courses: Candidate for Certified Management Accountant

Specialties & Skills

Microsoft Office
Budget Setting
Accounts Receivable
Accounting
Team Management
ACCOUNTS RECEIVABLE
ANALYSIS
ARCHITECTURE
BUSINESS PROCESS
CLOSING
CONTROL
COUNCIL
CREDIT RISK

Hobbies

  • Reading and writing books and articles
    Playing sports (football, tennis, etc.) Playing chess and solving puzzle games Reading and writing books and articles Drawing, sketching and painting Cooking and baking Travelling