Group Credit Controller
ENPI Group
مجموع سنوات الخبرة :15 years, 3 أشهر
Structured and heading Group Credit Control and AR Department for 8 companies in UAE and 3 in KSA.
•Supervising AR section in the group to achieve KPIs provided by the management.
•Established an action plan for retrieving bad debt amounts using intensive and available means.
•Implementing group’s credit policy, and assisting the management with weekly, monthly and quarterly analysis of overdue and collection.
•Built a smooth and secure procedure of providing Credit Facility and releasing orders.
•Built a solid Credit Control and Collection procedure, and a system to identify potential bad debts at early stages that is considering each business unit’s unique nature.
•Introduced Credit Insurance to the group.
•Constant monitoring and evaluation of Credit Sales.
•Structured a plan to detect and resolve debts before becoming bad debts.
•Conducted annual Credit & Sales Policy review and recommended necessary amendments. It is under Board of Director’s approval.
•Covered all of credit customers with proper supporting legal documents.
•Follow up legal actions till execution with our attorney.
•DSO was reduced by 10 days from last year.
Upgraded the software and procedures to be VAT compliant, along with training the staff within deadline provided by top management.
Live support, troubleshooting and assistance is still going on in the group, and the project was handed over to the respective business units after first VAT return filing.
Handling 4500+ customers in both catering, and retail divisions, and establishing new credit criteria for new accounts based on creditability analysis.
•Evaluating new customers and their worthiness of credit facility, and review existing customers facility twice a year.
•Keeping customers’ credit files including contracts and documents might be used in case of a legal action.
•Significantly reducing bad debts by extensive follow up and early intervention, and constantly meeting Group’s DSO.
•Drafted a credit policy and procedure manual for the department and reduced overdue, which resulted in more than AED 75 million collections in 2016.
•Played a major role in drafting and shaping ENPI group’s credit policy, in accordance with accounting standards, business requirements and special nature of each business unit in the group.
•Implementing group’s credit policy, and assisting the management with weekly, monthly and quarterly analysis of overdue.
•Follow up for overdue using all sources available, and preparing documentation for legal actions against defaulting customers when deemed required.
•Follow up legal actions till execution with our attorney.
•Weekly aging, overdue, and AR analysis reporting to concerned departments.
•Payroll entries.
•Managing financial and accounting functions for retail division (Supermarket division) generating annual sales in excess of AED 10 million. Accountability extends to financial statements, profit flow/cash flow analysis, management of lines of credit, keeping track of contracts, and provisions for rebates and rent.
•Monthly closing process including but not exclusive (Fixed assets depreciation and PPE movement, accruals, AR provision calculation, staff cost analysis, and report consolidation).
•Participated in the process of recovering and managing the crisis of the fire that’s burnt CITIPAK’s
Offices and stores in November 2014.
•Successfully recovered all contracts and applications burnt from active customers.
•Successfully recovered the replacements of 100% of burned payments (Cheques
Maintained Accounts Payable and Accounts Receivable filing systems filled Ledgers, and kept track of output and input reports.
•Was responsible for preparing supplier payments on schedule.
•Cash flow preparation.
•Was responsible for Fixed Assets accounting; depreciation calculations and Deferrals.
•Managed and tracked inventory, prepared periodic and quarterly inventory reports.
•Payroll entries, and payroll processing through WPS.
•Drafted policies for supply chain, and stores.
•Prepared journal entries for the period-end closing.
•Assisted Chief Accountant with various tasks including financial closing, and preparation of financial statements.
Monitoring and keeping records of Raw material received in designated areas.
•Monitoring and keeping records of material delivered to clients.
•Monitoring Drivers logs and schedules.
•Monitoring and keeping proper records of material movement from suppliers to stores and vice versa, and movement between stores and production.
•Keeping stock re-order levels, and minimum-maximum stock levels.
•Supervision of more than 25 staff.
•Keeping stores tidy, clean, and up to the standards.
•Quarterly inventory and valuation.
•Preforming stock adjustments.
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