Accountant Receivable
Al Bahar Electronics (Retail)
Total years of experience :11 years, 1 Months
MOHAMED ABDULRAHMAN AL-BAHAR (Electronics & Retail)
Accountant - Receivables (Jan’23 - till date)
I. Key responsibilities - RECEIVABLES Daily follow-up with Customers. Visiting New Credit Customers for verification. Assess credit risk and establish credit limit. Analyze and review before order release for each customer and send for management approval as
per company Authority Matrix. Apply accounting techniques and standard practices to the classification and recording of financial
transactions. Calculate and proper follow-up on retail industries like Lulu, Grand Etc. as per BDA agreement. Reconciliation of customers’ accounts based on sales and payment. Prepare month-end closing reports. Ageing analysis and assessment of the creditworthiness of potential customers. Assess credit risk and establish credit limit. Prepare & submit monthly Customer Statements along with due letters. Review and verify invoice clearance before submission for all sales team commissions
• Full charge processing of all account receivables, credit management, and payables.
• Prepare financial statements according to the monthly close schedule.
• Facilitate and complete monthly close procedures.
• Prepares Cash Collections and other collection/bank-related reports on a daily basis.
• Resolve accounting discrepancies and irregularities.
• Chasing Customers for collection and achieved more than 100% from my target collection.
• Maintains accurate tax - basis records & supporting documentation on financial reporting.
• Contributed to team success by completing jobs quickly and accurately.
• Ageing analysis and assessment of the creditworthiness of potential customers.
• Evaluation / Asses Credit Risk and analyze limits on credit customers.
• Manage credit limit records in SAP based on management approvals.
• Maintains proper documentation on customer credit files.
• Furnished requested financial data and reports to auditors.
• Negotiation with customers on re-payment on their overdue.
• Business trips to the middle east as per management requests to meet with clients or customers.
• Handled budgeting and forecasting while my colleague travels on business trips or vacations.
• Successfully achieved monthly collection target.
Key responsibilities - RECEIVABLES
• Monitor Accounts Receivables report on a regular interval to identify collections.
• Reconciliation of customers’ accounts based on sales and payment.
• Ensure the posting of sub-ledger imports to the general ledger and perform month-end activities.
• Analyzes reports determining sales/margin/profit with recommendations where appropriate.
• Reviewing sales invoices and supervising 5 invoicing teams.
• Apply accounting techniques and standard practices to the classification and recording of financial transactions.
• Lead my finance teams to success on auditing purposes.
• Prepare monthly audits with regard to cheques and cash records.
• Handling of Petty Cash.
• Helped implement SAP as we changed over from Unisoft, I was an integral member of the SAP implementation team focusing on accounting and sales.
• Performed stock analysis.
Key responsibilities - PAYABLES.
• Passing journal entries and assigning entries to proper accounts.
• Intercompany Branche’s Reconciliation & entries to be recorded.
• Ensure accurate and appropriate recording and analysis of establishment expenses.
• Checking/reviewing journal vouchers for correctness and proper approval.
• Monitoring petty cash and cash transactions.
• Dealing with a different mode of payments to the supplier (Advance, LC, CAD, etc.).
• Coordinating with branches and performing inter-branch monthly reconciliation.
• Responsible for monthly and year-end closing.
• Responsible for Issuing balance confirmation to suppliers.
• Data entry of payroll details as provided by HR.
• Worked closely with teammates to coordinate tasks and support safety.