Credit Controller
Al Tamimi & Co.
Total years of experience :14 years, 5 Months
• Managing credit control and debt management activities including supervising a team of credit
control operators
• Maximizing cash collection across the board
• Cash allocation and reconciliation
• Rectification of previously mismanaged accounts
• Problem solving and timely decision making
• Full accountability of all allocated accounts
• Checking customer’s credit ratings and secure the company’s rights
• Negotiating re-payment plans.
• Maintaining contact with clients to ensure invoices is clear for payment.
• Obtains sufficient information to assess the creditworthiness of new and existing customers.
• Ensures the credit department interacts well with customers and departmental colleagues, e.g. sales.
• Preparing monthly collection reports.
• Review the company credit control procedure and develop and implement enhancements where required.
• Manage the outstanding sales balances falling due and contact customers before the balances become overdue to confirm payments
• Set and monitor credit limits.
• Managing credit and collection team.
• Establishing a sound and acceptable credit and collection policy.
• Implement the credit insurance for all accounts.
• Set up and manage internal controls around customer credit - credit appraisal, setting up credit terms, enhancing/reducing credit limits and negotiating credit terms.
• Managing risk and control bad debit exposure by ensuring the direct management of credit terms and the establishment of credit guidelines.
• Ensure that overdue accounts are appropriately managed and if required may instigate legal proceedings and preparing the necessary documentations for legal action.
• Evaluate credit worthiness of customers, including completion of Account Risk Assessments (ARA) as required.
• Reconciles delinquency, informing appropriate credit and division management and staff of credit status and high-risk accounts.
• Account Receivable Report
• Reviews aging report on a monthly basis
• Set a credit limits for new customers and monitors new accounts based on current financial information, business history and current credit reports
• Cash flow management.
• Credit Provision Calculation.
• Monthly Cash forecasting report
• Monitoring DSO ratio (Days Sales Outstanding) on monthly basis.
• Financial analysis
• Invoicing risk management.
• Managing credit control and debt management activities including supervising a team of credit
control operators.
• Co-ordinate with other Department to finalize A/P & A/R payments.
• Acting as a Relationship Manager for Ajman Government Account.
• Create a credit risk management environment of an acceptable quality in term of establishing credit guidelines.
• Assist In developing sound, acceptable credit policies.
• Assure that all accounts are well controlled and all outstanding monies owed to the company are collected within the credit limit agreed period.
• Conduct a monthly meeting with all collection agents and relationship managers to discuss the target achievements as well as the issues they face.
• Reconcile transactions and balances to maintain accurate accounts.
• Reviewing and analyzing loss ratio on monthly basis.
• Cope and balance between the client’s constraints and the market situation.
• Contributing in a collection project for lager account of Ajman Government to collect old debt with huge outstanding amount by analyzing, age analysis study, account matching, account’s reconciliation and all other required process to clear the account.
• Identify problem accounts and provide regular update of receivable to management.
• Negotiating re-payment plans.
• Checking customer’s credit ratings and secure the company’s rights.
March7, 2010 to December 12, 2011
Retail (Sales and credit Analyst) -Islamic personal loans, commercial loans, PDC loans for bankers and (SBF) Small Business Finance
National Bank of Um al Qaiwain (NBQ)
❖ Responsibilities involved: • Understanding the customer's needs.
• Understanding the bank's credit policies.
• Analyze the customer's bank statement to identify strength and weaknesses.
• Checking the customer's source of income in order to assure the ability of paying back.
• The ability to deal with the different types of customers.
• Checking all the Loans Applications, calculations and documents before submitting the cases.
• Reviewing the market situation.
• Observing consumer requirement and competitor activities.
• Coordinating with Risk Credit Unit and Credit Administration Department.
• Dealing with editors and handling the customers complains.
• Do the inspections for (SME) product.
• Checking the customer's accounts receivable and the total assets to minimize the default of payments (SME)
• Calculate the total turnover and the average monthly balance of the company (SME)
• Calculate the DSR (debt service ratio) and make sure it will not exceed more than 50% of Net Income (SME)
Internship:
(Credit analyst)
January11, 2009 to end of February 2009 Citibank, credit risk intern
❖ Responsibilities involved:
• Analyze the rejected applications under specific categories (rejected for negative segments) and (rejected for low income) in order to recommend solutions and increase sales revenues.
• Reviewing the approved cases and analyze the bank statement to identify weaknesses and strengths.
• Recommend/approve all kind of retail product (i.e. Auto Loan, Personal Loan, Credit Card, Housing Loan, etc.) in accordance with bank credit policy
• Support/guide sales & branches for better credit understanding and enhance assets quality.
2008-2009: Bachelor of Business Administration (BBA) in FINANCE AND BANKING from Dubai University (UAE)
2004: High School Diploma, National Private School: Sharjah (UAE) • Language Spoken * Arabic (Fluent) * English (Excellent)