Revenue Finance Officer
Qatar Airways
Total years of experience :17 years, 2 Months
Perform activities related to financial accounting in compliance with IFRS.
Preparations of financial statements of the assigned business as per IFRS.
Carry out the month-end closing procedures of the assigned business as per the timelines.
Prepare bank reconciliation for the assigned bank accounts
Reconciliation of balance sheet accounts as per the schedule
Responsible for the accounts payable of 5 subsidiaries (QAS, HIA, QDF, IMS, QACC) to the parent company Qatar Airways.
Managed and drive a team of 9 collection team member’s with an annual sales turnover of 55 million US$.
Continuously seek to improve the performance of the team member’s and motivate them to drive to outperform.
Create a culture of auto pilot mode and empower the team member’s for a sustainable growth plan.
Finalize Key Performance Indicators (KPI's) for sales force and area sales manager’s
Provides support to the accounting manager for the month end closing of accounts receivable ledger and sub ledgers and booking of provisions and accruals.
Manage and implement the full process flow for accounts receivable management.
Provide strong focus on bad debt management and take adequate steps to prevent it from increasing.
Work closely with the Finance Director on net working capital and put actions in place to reduce DSO.
Assist the Finance director in preparing the cost analysis and budget for the credit and collection team.
Monitor the checklist for collection management and ensure the administration tasks are performed regularly.
Ensure the internal control systems are followed and all activities are performed as per the finance manual.
Initiate field rides with the credit team and sales team to analyze collection bottlenecks and close LC deals.
Initiate meetings with the sales managers on their collection progress and KPI's.
Present collection road map for the year to the management and monthly progress on the road map.
Manage the credit limits of the customer by effective utilization of the credit engine and payment behavior
Provide settlement proposals to delinquent customers and take decision to initiate legal actions.
Develop and promote effective teamwork between credit team and sales force.
Manage and drive a team of 6 collection team members’ with an annual sales turnover of 40 million US$
Assist the accounting manager for the month end closing of accounts receivable ledger and sub ledger’s and also booking of provisions and accruals
Monitor the accounts reconciliation process and make sure the accounts are reconciled periodically.
Provide collection updates in management team meeting and sales manager’s meeting.
Monitor and reduce the blocked order rates by a well-structured follow up plan.
Handle delinquent customers with personal visits and offers for onetime settlement
Responsible to provide the induction training and refresher training for sales force
Responsible to approve credit and set limits after the new customer credit process is completed
Manage the daily operations of the finance administrators through the zoning tool.
Manage the doubtful accounts with the legal partners and initiate actions where ever necessary
Setting KPI’s for the team in line with the department KPI and monitor the progress
Conduct monthly and quarterly account reconciliation to ensure accurate reporting and ledger maintenance.
Responsible for entire end to end process of the Accounts receivable and accounts payable functions.
Responsible to book all the supplier invoices and make payment as per the payment runs.
Making sure all the expense claims are booked on the system and paid out after necessary approvals.
Responsible for foreign currency revaluations (CHF & Dollar) of accounts payable, receivables and bank reconciliation.
Reconciliation of Bank Accounts.
Review all inter company transactions and generate reports.
Perform month-end closing within the team and to ensure books are closed as per agreed timelines.
Coordinate with Internal and external auditors.
Perform asset reconciliations as per the system data and investigate any variance and rectified on timely manner.
Maintain all the ledger and sub ledgers to ensure the accuracy of all movements and posting
Preparing asset, liability, and capital account entries by compiling and analyzing account information.
Preparing and maintaining the general ledger and cost centers.
Assist the finance manager with current financial status by collecting information, preparing balance sheets, profit and loss account and cash flow statements.
Verification of work reports, bank reconciliation statements and petty cash book.
Reconcile financial discrepancies and pass the adjustment entries.
Maintain proper reconciliation of GL accounts and proper monitoring in accordance with the bank policies and procedures.
Completed Bachelors of Business Administration from MG University with 57%