Accounts/Finance Executive
SERVICE SALES CORPORATION
Total years of experience :21 years, 3 Months
• All types of Bank Correspondence
• New Subsidiary document incorporation.
• Document concerning Bank facilities & charges against them.
• Negotiations with the Bank.
• Optimal Capital Structure.
• Leasing Queries.
• Updated KIBOR as per bank agreement.
• Follow up with the bank export.
• Advance/Loan
• Ensure Vendors/ Creditors Payment on due date prepare Cheques.
• Ensure payments are allocated in a timely manner to facilitate bank reconciliation.
• Ensure Funds managing in banks.
• Ensure verification of staff Reimbursements and its payment
• Ensure TA/DA Checking according to Company Policy and its Payment.
• Identify any time consuming bottlenecks and recommend improvement processes.
• Prepare Bank Reconciliation on monthly basis.
Responsibilities/Accomplishments:
Managing significant Modern Trade players of Metro Cash & Carry Pakistan, Local MT Stores all over Pakistan
Involve in planning, development and forecasting of Local & International Modern Trade
Responsible for the sales activities in the designated region/branch, order generation and follow-up
Regular following up IMT stores to achieve sales targets and checking on Modern Trade Outlets Stocks in the warehouses
Building and strengthening key relationships with local key accounts
Maintaining constant client products awareness
Negotiating composite annual/product deals with regard to shelf space, merchandising, POS material, in-store events, promotions, demonstrations and sampling
Creating & maintaining positive relationships with potential & existing customers
Periodically reviewing performance of merchandisers with the objective of improving performance, analyzing opportunities and building greater result orientation
Monitoring competition activities in the market & developing plans to maintain leadership of products as well as defuse competition impact
Preparing periodic presentations & monthly reports to the Regional Sales Manager & Operations Manager
Coordinating regularly with the product managers & meeting customers to assess progress and reflect on new opportunities and development requirements for products
Meeting with IMT customers on alternate days for the improvement in sales
Auditing Key Account Outlets at frequent intervals to ensure merchandising objectives and contracted deals are being complied with
• To manage daily remittance
• Responsible to have control over issues related to remittance
• Prepare Bank reconciliation of Collection Accounts
• Daily Reporting
• Daily Bank Position / Cash inflows reports
• Bank wise summary
• Summary of daily receipts of Whole sale, Retail
• Positing of all remittance entries in AR module
• Preparation of data for clearing (OBC)
• Accretion of MIS Reports received from bank
• Queries and other issues like Bank Deposits, Credit card cheques, Shop Id’s etc
• Full charge processing of all accounts payable
• Reconcile bank balances; record general ledger entries
• Establish customer credit lines and set up credit accounts with vendors
• Ensure paperwork is entered in a timely manner including purchase orders.
• Ensure major creditor accounts are reconciled and that payment is made according to these reconciliations.
• Ensure payments are allocated in a timely manner to facilitate bank reconciliation.
• Identify any time consuming bottlenecks and recommend improvement processes.
• Review Inventory Movement, manage stock take reporting.
• Review the stock sending & stock receiving reports.
• Prepare the Inventory Valuation Report.
• Coordination & Supervise with Site Accountants,
• Review Creditor Liabilities & Advances on monthly basis.
• Prepare Project & Job Wise Expense Report
Accounts Payable Officer Apr 2005 to Oct 2008
• Receive and verify invoices and requisitions for goods and services.
• Verify that transactions comply with financial policies and procedures.
• Prepare, verify, and process invoices and coding payment documents.
• Prepare batches of invoices for data entry Data enter invoices for payment.
• Maintain listing of accounts payable and maintain the general ledger.
• Regional sales offices, advertising & marketing expense.
• Preparing Audit File and monthly Provision.
• Coordinating with external auditor for company audit verify the files.
• Foreign office Adjustment and monthly closing adjustments
• Arrange the payment allocation report for payment after posting
• Prepare Monthly Performance Report.
• Maintain updated vendor files and inventory files.
• Renegotiated payment terms with dozens of suppliers/vendors from Net 7 to Net 60 days for manufacturer emerging from bankruptcy. Improved cash flow and helped facilitate company’s return to profitability.
• Composed effective accounting and ad-hoc reports summarizing A/P data for supply chain, HR and other departments.
• Consistently maintained accuracy in calculating figures and amounts such as discounts, interest, commissions, proportions and percentages
• Provide Oracle 11i Functional Support to end user.
• Open Master Data & Mapping with GL in Oracle Financial.
• Review LC wise cost and vouch GRN wise in AP.
• Review incomplete vouchers & updating in AP module.
• Prepare reconciliation AP to GL. On monthly basis
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Accounts Receivable Officer Mar 2003 to Mar 2005
• Managed and processing of all accounts receivable
• Reconcile bank balances; record general ledger entries.
• Establish customer credit lines and set up credit accounts with vendors.
• Preparation Reports for Management on daily basis.
Debtors Report.
Cash Flow Summary.
Customers Aging Report.
Daily Receipt Report.
Region wise Debtors’ Comparison Report with graph.
Cash Inflow & Cash Out Flow Report.
• Collect the Daily Receipt Report form Regional Sales Office.
• Bank Reconciliation of collection accounts.
• Reconciliation of customers accounts.
• Monitoring customer account details for non payments, delayed payments and other irregularities.
• Maintain accounts receivable customer files.
• Investigate and resolve customer queries and process adjustments.
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