Credit Manager (Online)
Hololona Microfinance Limited Co
Total years of experience :18 years, 2 Months
* Reviewing & assessing the customer credit files (Credit application request) and deciding the customer approved credit limit.
* Reviewing the contracts, documents & guarantees received from the customers.
* Updating the company credit policy and submitting it for final review and approval.
* Submitting the monthly management credit reports & giving presentations.
* Arranging and recommending the legal action against the default customers
* Ensure that all transactions are compliant with company policy and regulations.
* Providing ad-hoc reporting as and when requested.
* Ensure monthly processing deadlines are met as required.
* Reviewing & assessing the customer credit files (Credit & IHF application request)
* Submitting all files for credit & IHF to the credit committee with the recommendation every week for final approvals.
* Visiting the customers to complete the assessment and negotiating the payment terms & securities.
* Responding to any customer request (Early settlements, returning security cheques, holding installments)
* Approving the early settlements and arranging for the release letters.
* Managing the company receivables portfolio and following for the past dues with the team.
* Arranging and recommending the legal action against the default customers
* Updating the company credit & receivables policy and submitting it for final review and approval.
* Handle disputed bills and negotiate to bring payment within the agreed terms.
* Respond promptly and completely to both client and internal inquiries.
* Providing ad-hoc reporting as and when requested.
* Reviewing the sales work flows and ensure the controls is in place to avoid any future delay in payment.
* Submitting the monthly management reports & presentations.
* Proposing and recommending the write off and ensuring that all the tools and means are used to collect the amount.
* Attending the internal & external audit and responding to all the requirements
Responsibilities:
* Scrutinizing the customer credit files including Credit & IHF application request and submitting to the credit committee with the recommendation every week for final approvals.
* Liaise and communicating with the customers for the assessment.
* Involved in negotiating the payment terms & securities.
* Responsible for handling the company receivables portfolio and following for the past dues.
* Following up for the bounced cheques with the customers.
* Updating the company credit & receivables policy and submitting for final review and approval with appropriate authorities.
* Reviewing the sales work flows and ensuring adequate control in place to avoid any future delay in payment.
* Submitting the monthly management credit reports & giving presentations.
Accomplishments:
* Successfully reduced the past due percentage from 14.2% to 3.6% between the period Jun 2013 to Jun 2015.
* Instrumental in reducing the percentage of the defaulted new customers to 0.5% from 2%.
* Monitoring, collecting and resolving accounts receivable aging items and reviewing as well as verifying customer’s contracts.
* Posting the necessary journal vouchers for Accounts receivables adjustment, preparing the monthly bank reconciliations and passing the necessary entries.
* Tasked with preparing monthly Account receivables reports.
* Formulating yearly budgeting at the end of the year.
Responsibilities:
* Following up the overdue invoices by telephone, email & letter within agreed time frame.
* Ensuring compliance of all transactions with company policies and regulations.
* Key person for managing disputed bills and negotiating to bring payment within the agreed terms.
* Reviewing the customer’s account for arranging mortgage release letters to traffic department and ensuring no outstanding amount with the customer.
* Posting payments to accounts and allocating as required.
Accomplishments:
* Applauded for developing the credit management capability within the practice.
* Successfully met the monthly processing deadlines.
Responsibilities:
* Handling the journal vouchers for Accounts receivables adjustments and posting for clearing the cash, Visa & cheque accounts.
* Keeping the branch manager (location in charge) informed of any descrepancy noticed.
* Preparing report for the Visa collections at the end of the month and submitting to the top management.
* Planning and organizing training session for the new and existing branch accountant for the new procedures.
* Reconciling the GL at the end of the month to clear the pending cases.
Accomplishments:
* Successfully detected a fraud of AED 182, 000 by the cashier and informed the Management for a surprise check.
* Responsible for preparing balance sheet, income statement and cash flow statement for the management for right and quick decision taking.
* Assigned responsibility of preparing financial statements on quarterly and yearly basis.
* Involved in analyzing data, preparing annual budget, reconciling the accounts payable and managing financial systems.
* Preparing Tax return and submitting the tax reports to the Income Tax Department.
courses: PROFESSIONAL DEVELOPMENT Training: ✓ CMA, completed part - 1 in SEP 2017 – Only self study
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