Credit controller – Collection manager
ARABI CO. W.L.L
Total des années d'expérience :17 years, 1 Mois
• Taking a proactive role in managing and collecting debts of company debtors
• Evaluating new credit requests and reviewing customers’ credit rankings with Creditworthiness.
• Setting up of terms and conditions of credit
• Ensuring timely payment of debts
• Following up payments as needed
• Negotiating re-payment plans
• Responding to relevant client enquiries
• Processing and reconciliation of invoices
• Checking and posting of receipts to accounting systems
• Preparation of statements, client status reports and all relevant information as required
• Establish and maintain relationships with business customers or provide assistance with problems these customers may encounter.
• Create and implement strategies to increase the number of successful collections on outstanding debt.
• Develop goals that complement the overarching business goals of the company and coordinate staff to meet and exceed goals continually.
• Implement credit policies and procedures that retain a smooth running of the department and avoid excessive credit limits.
• Managing the DSO figure.
• Improved collection tools by working with IT.
• Responsible for the Accounts Receivable activities in the Finance department.
• Create the Receivables Ageing Report from the Accounting System.
• Maintain collections as per authorized credit terms and conditions.
• Managing the DSO figure.
• Ensuring credit and collection policies and procedures are followed.
• Develop the Doubtful Collection Reports and implement new
• Strategies to follow up on the collections.
• Responsible for overdue payments from customers.
• Maintain the debtor ledger, customer relationship building and respond to customer queries promptly.
• Anticipate developments, and identify accounts that require special attention.
• Follow-up on doubtful accounts that require special attention and escalate issues to superior as and when required.
• Managing journal vouchers accurately by ensuring each financial transaction’s evidence is provided, with no embezzlement, fraud, omissions, or errors due to mistakes or fraudulent intentions in recording journal entries.
• Preparing payroll for company staff after verifying all leaves, vacations, allowances, etc so management is able to give salary on time based on these calculations.
• Maintaining a continuous liaison with the banks and ensuring that all financial transactions taking place between the company and various banks are properly recorded, while bank reconciliations statements are made to eradicate any differences to avoid any potential issues.
• Responsible for preparing any reports required by the management and the other department for decision making .
• Responsible for preparing financial reports to the management .
• Reducing the overall credit extended to different parties in the market by continuously following up with them and reminding them about the amount due, ensuring that all accounts payable are paid back in due time.
• Recording each financial transaction into its relevant account and checking all journal entries to ensure that all accounts reflect the true amount.
• Handling all petty cash issues, managing all day to day expenses, recording these expenses into petty cash account, and making sure that petty cash is only used for the purposes intended by management.
• Assist in preparing all computations required every month to prepare month end financial statements including trial balance, balance sheet, and income statement.
• Preparing monthly cash flow statements to let the management monitor and determine ways of improving cash flows, taking all direct and indirect factors into account.
• maintain up-to-date billing system
• generate and send out invoices
• follow up on, collect and allocate payments
• carry out billing, collection and reporting activities according to specific deadlines
• perform account reconciliations
• monitor customer account details for non-payments, delayed payments and other irregularities
• research and resolve payment discrepancies
• generate age analysis
• maintain accounts receivable customer files and records
• follow established procedures for processing receipts, cash etc
• process credit card payments
• prepare bank deposits
• investigate and resolve customer queries
• process adjustments
• organizing a recovery system and initiate collection efforts
• communicate with customers via phone, email, mail or personally
• assist with month-end closing
• collect data and prepare monthly metrics
• Debtors & Creditors list prepare periodically and review.
Experience in the field of audit of financial statement
• Training to Handled all matters of month end payroll for entire company staff while managing other important aspects of the projects including calculation and review of contracting fees.
• Issued payment certificates by processing all accounts payable from invoicing, coding invoices, and costing them to appropriate job numbers, GL account numbers, and accordingly distributing invoices to respective project managers.
• Reviewed and reconciled bank reconciliation statements while assisting with corporate balance sheet reconciliations while managing all other corporate management reports.
• Assist performing different administrative tasks including verification of bills, overseeing collection matters, preparation of deposits, forecasting of cash flows, and controlling petty cash expenses.
• Prepare and update tax provision schedules .
• Update the company sales tax database as tax rates change.
• Negotiate with tax authorities over tax payment issues.
