purviz anjum

Managing a team of Collection Executives, Bill Collector, Account Receivable Accountant, Invoicing Supervisor/ Coordinators
Managing 350 contract agreements of clients located in Emirates, Dubai and Sharjah, Northern Emirates, Alain, Abu Dhabi
Handling collections of government and private companies Business volume: AED 31 MLN
Value of payroll managed: Average AED 10 mn (only Blue-collar)
Software used: SAPR7 / Citrix/JD Edward/Oracle/ MYCOME
 Managing the credit approvals process for day-to-day business
 Performing Credit risk portfolio assessment and management
 Supervising the outstanding debt situation
 Evaluating customers’ credibility, initiating credit bureau report and financial statements, finalizing credit facilities
 Working with traders on over-dues and their reminder list
 Executing negotiation of payment plans with customers
 Maintaining updated customer credit history and entire communication on collection reminders
 Following up with the legal team for updating on on-going cases- Handling legal / police cases/settlements
 Updating systems with contractual parameters and details related to approved credit
 Optimizing outstanding debtors by maintaining productive business relationships

Achievements at Sawaeed

• Streamlined operations for the collection department, restructured the team, reporting structure, daily day-end collection reports
• Introduced new credit risk policy
• Reduced DSO rating from 150 days to 60 days within 3 three months of joining
• Overdue outstanding was reduced by AED 66 mn within 4 months
• Played a key role in establishing and maintaining portfolio of all current customers
• Improved credit risk by implementing a daily visit to customers, monitoring ageing buckets and outstanding, decreasing of credit limits
• Successfully handled legal / police cases, settlements, reduced legalization ratio to just 6 cases
• Reduced mismatching of timesheets by cross-checking both timesheets (customer and Sawaeed) before finalization of invoices
• Ensured all invoices are submitted before 10th of every month, improving collection rates
• Implemented system of two months security cheques to be kept against customers’ account

Reported to Finance Manager & Chairman
Managed a team of collection executives, AR/AP accounts people
Engaged in end-to-end management of outstanding collection/receivables & invoicing of 8 Divisions (construction materials related work)covering 2100 government and private clients in the Emirates
Business volume: AED 300mn PA
Software used: Oracle

 Prepared collection plan and projected cash flow statements
 Drafted and presented Ageing reports for remedial measures
 Assessed debtors balance to ensure a reduction in debtors DSO
 Reconciled statement of accounts with AR supervisor
 Initiated credit bureau report prior to granting credit to new customers
 Evaluated due / overdue/ legal / delinquents / runaway / police case outstanding for implementing effective remedial measures
 Updated police / legal department for resolving default cases


Achievements at SS Lootah Group

• Collections improved from AED 18 to 21 mn
• Reduced DSO/DDSO from 230 Days to 110 days and managed quarterly recognition of bad debts
• Implemented easily to read reports that enabled effective monitoring of collection operations
• For bad payers, collected PDCs in advance, changed payment clauses, covered actual cost of material on advance payments
• Successfully handled 67 legal cases and 13 police cases

Group Credit Manager
Business volume: 30 mn
Software used: mycome
Having experience in Horeca, (Hotels/restaurants/canteens)
Dealt with supermarket / whole-sellers / retailers / hotels
Maintained with two divisions Dry and frozen (lentils / wheat / edible oils / jam / spices / frozen chicken / mutton / fishes / chicken franks/ Spread cheese and cream
• Led a team of 11 Sales executives with two bill collectors for over 2500 clients across GCC Countries Dubai, and Sharjah and the Northern Emirates
• Played a key role in recoveries and implemented a strategic plan of collections
• Recovered individual outstanding by initiating police case against defaulters
• Visited all the braches (seven emirates) for meeting and recoveries with sales team and collection executives
• Weekly meeting with CEO / CFO / Chairman for the discussion of legal cases, ongoing outstanding and recoveries
• Identified many loopholes with sales teams vendors and fixed the issues and reported to the management for better improvements
• Managed a monthly billing of AED 30 million

• Successfully managed the dispatch of Invoices to US Army Contracts in Afghanistan
• Prepared invoices & related documents for US Army contracts in Afghanistan, Iraq and US regions
• Achieved a daily average collection by AED 500K to 800K
• Played a key role in establishing the Credit &Control Department, implemented credit policies, maintained organizational structure, ensured team meets targets & objectives

Senior Credit Controller
Business volume/ Turnover 66MLN per annum; 55MLN in a month
Software used: CITRIX ERP
• Successfully brought up monthly billing cycle in line, and implemented the system of dispatching of invoices
• Achieved 45% collection of the old outstanding by training the collectors to approach the clients
• Collection improved, collected bad debts, reduced DSOs, and DDSOs
• Got promoted from Credit Controller to Senior Credit Controller

Credit Controller
Software used: Oracle
 Dispatching invoices and follow-up with the outstanding with Horeca (hotel/restaurants/Canteen)
 Managed credit & collections for a business turnover of AED 12 million
 Successfully reduced DSO and prevented aging bucket movement
 Successfully recovered old sticky outstanding, achieving assigned collection target within the first month of joining

Finance Coordinator
 Followed up Payments and recoveries on time
 Dispatched invoices on time for better and collections on due dates
 Coordinated with sales for contract terms and resolve outstanding on holding of invoices by Contractors
 Met with Chief engineers at the site and got payment approvals

Collection Executive
 Raised invoices as per the contracted term of the payments
 Dealt with governments (HH rulers) courts / Dubai Municipality
 Followed up export payments recoveries
 Reconciled deposit vs. collection
 Collated all files and correspondence of customers for ISO 9001