Rajesh Nair

Managing one of the biggest Rebar and Cut & bend trading and factory in UAE.
From the planning to budgeting and day today operation.

Leading the Finance and Credit team. (Madar Building Materials and Madar Steel Industries)

Consolidated Financial Reports.

Cash Flow management.

Budgeting.

Banking.

Insurance.

Design and implement the credit control procedure for the company.

Review new customer requests for their financial viability and approve credit limits.

Carry out field visits for customers demanding credit limits in excess of Dh 500k.

Develop customer categorization techniques to implement assessment criteria for transparency in credit limit allocations.

Design Customer Evaluation Matrix based upon the customer assessment criteria for assigning credit limits.

Ensure complete maintenance of customer files and perform regular review of their log book.

Review and ensure credit is not given to the customers in excess of their approved limits.

Approve SORs pending due to delay in payments.

Obtaining regular approval from the board for credit limits exceeding local limits of authority.

Obtaining regular approval from the board for credit notes exceeding local limits of authority.

Ensure timely recovery of receivables from the customers.

Review customer reconciliations and approve required adjustments in the books.

Regular monitoring of DSO and Sales vs Collection ratio and ensuring it is within approved limits.

Approve monthly DSO report.

Follow up, along with sales managers with non performing customers.

Conduct monthly collection meetings.

Initiate legal cases against non performing customers with over 270 days outstanding dues after approval from country manager.

Communicate with the lawyers for cases pending for legal settlements.

Review and report debts outstanding for more than 210 days for which legal cases have not been initiated.

Submit monthly report on the status of legal cases by the 10th of each month.

Suggesting provisions / write offs against unrecoverable debts after assessment of customer accounts individually and creating provision after approvals as per LOA.

Regular review and reporting of customer ageing analysis.

Ensure that credit and collection policies are adhered to.

Ensure collection from cash sales is deposited in the bank the same day or maximum by the next day.

Approve any delays in depositing cheques.

Regular surprise cash counts and update the log.

Daily review of cheques bounced, if any and prompts reporting of the same to the management.

Review and suggest risk management techniques through insurance e.t.c

Prepare annual leave plan for the staff of the department.

Nominate staff for promotion and pay raise.

Recommend staff for trainings.

Develop, deploy and review policies, processes and procedures.

Communicate the information to relevant users & provide the information to support all functions.

Perform added tasks as per management need.

Design and implement the credit control procedure for the company.
Review new customer requests for their financial viability and approve credit limits.
Carry out field visits for customers demanding credit limits in excess of Dh 500k.
Develop customer categorization techniques to implement assessment criteria for transparency in credit limit allocations.
Design Customer Evaluation Matrix based upon the customer assessment criteria for assigning credit limits.
Ensure complete maintenance of customer files and perform regular review of their log book.
Review and ensure credit is not given to the customers in excess of their approved limits.
Approve SORs pending due to delay in payments.
Obtaining regular approval from the board for credit limits exceeding local limits of authority.
Obtaining regular approval from the board for credit notes exceeding local limits of authority.
Ensure timely recovery of receivables from the customers.
Review customer reconciliations and approve required adjustments in the books.
Regular monitoring of DSO and Sales vs Collection ratio and ensuring it is within approved limits.
Approve monthly DSO report.
Follow up, along with sales managers with non performing customers.
Conduct monthly collection meetings.
Initiate legal cases against non performing customers with over 270 days outstanding dues after approval from country manager.
Communicate with the lawyers for cases pending for legal settlements.
Review and report debts outstanding for more than 210 days for which legal cases have not been initiated.
Submit monthly report on the status of legal cases by the 10th of each month.
Suggesting provisions / write offs against unrecoverable debts after assessment of customer accounts individually and creating provision after approvals as per LOA.
Regular review and reporting of customer ageing analysis.
Ensure that credit and collection policies are adhered to.
Ensure collection from cash sales is deposited in the bank the same day or maximum by the next day.
Approve any delays in depositing cheques.
Regular surprise cash counts and update the log.
Daily review of cheques bounced, if any and prompts reporting of the same to the management.
Review and suggest risk management techniques through insurance e.t.c
Prepare annual leave plan for the staff of the department.
Nominate staff for promotion and pay raise.
Recommend staff for trainings.
Develop, deploy and review policies, processes and procedures.
Communicate the information to relevant users & provide the information to support all functions.
Perform added tasks as per management need.
Handling all Insurance (Policies and claims) related issues.

Leading the Accounts payable team.
Ensure proper, prompt and accurate recording of supplier invoices and payments are released as per due date.
Provide payment forecast to treasury.
Ensure fixed assets register is updated at all times and assets are recorded accurately.
Ensure utilization and control of company fund.
Monitor and review the General Ledger and ensure regular reconciliation of balance sheets items.
Planning & Controlling of annual budgets and the monitoring of performance against these plans.
Checking supplier tenders, contracts and rebates.
To ensure procurement policies of the company are being functioned systematically.
To interact and handle suppliers tactfully in the best professional way.
International wire transfer approvals.
Finalization and monthly closing of account - pre-payments, accruals and provisions.
Banking facilities and relations.
Handling all Insurance (Policies and claims) related issues.

Ensure proper documentation and scrutinize prices before payment.
Checking supplier tenders, contracts and rebates.
To ensure procurement policies of the company are being functioned systematically.
To interact and handle suppliers tactfully in the best professional way.
Finalization of monthly closing of account.

Processing of monthly staff payroll for more than 2400 employees.
Processing of additional payments and deductions.
Calculation and disbursement of statutory deductions.
Performing checks and reconciliation for starters and leavers.
Preparation of reports and analysis.
Handling staff queries.

Account Closing

Preparation of all invoices
Finalization of catering contracts
Debtor ageing analysis
Payment follow up
Account Closing

Assisted the Chief Accountant in all aspects of bookkeeping, the preparation of MIS reports, and cash flow statements.
Data entries
Preparation of all types of vouchers
Bank reconciliation and liaison with banks
Month-end stock-taking, inventory control and their reconciliation
Managing of Fixed Assets list and their depreciation
Debtor ageing analysis
Programming of cash machines at various locations.
Making spot-checks on cash machine operations
Assist the Financial Controller in administration and routine correspondence.

Air Ticketing and customer service.
Assisting Accountants.