Country Credit Controller
Thomson Reuters
Total years of experience :9 years, 10 Months
Primarily responsible for managing Credit risk for Saudi Arabia clients for Thomson Reuters. Some of the job responsibilities are detailed below:
• Work closely with clients, some of which are Fortune 500 Companies, and Thomson Reuters internal staff to resolve client disputes and follow through to satisfactory resolution which results in payment of invoices
• Develop and maintain harmonious and effective working relationships with all customers, where necessary to make client visits to resolve problems and promote co-operation.
• Credit risk assessment of current and potential clients based on a client’s payment behavior, financial data, information gathering from open sources and from discussion with clients and specialists.
• Handle the decision process on disconnecting customers when payments cannot be negotiated
• Ensure accounting for bad debts & provisioning comply with accounting standards
• Liaise with Financial Analysts to ensure thorough analyses of the viability of commercial propositions
• To assist with the design and production of SOX reports and Revenue provision reports for management. To assist with special projects as and when required.
• Drive results to positively impact the Company's financial performance through the
development and implementation of proactive strategies.
• Ensure that all credit control policies and procedures are complied with in Saudi Arabia
• Establish network with key finance decision makers across strategic corporate and financial institutions across the country.
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Thomson Reuters is a multinational mass media and information company, operating in over 100 countries with more than 45, 000 employees.
Primarily responsible for managing relations with business partners, sales team and the Finance function to achieve collection and sales targets, resolve B2B issues quickly and efficiently, in order to reduce exposure to risk and have effective credit management. Additionally responsible for performing financial analyses, budget controlling, fixed assets function and presentation of financial packages (P&L, Balance Sheet, Cash Flows, KPIs review) for internal reporting to senior management.
Achievements:
• Worked with the Finance Manager to introduce the monthly closing package, standardize the financials and automated the financial package in Excel
• Established the Credit Control department in the company for the first time.
• Developed the Credit & Risk Management policy and procedures.
• Helped develop the necessary controls over costs, expenses, receivables and payables
• Reduced blockage with business partners, enabling sales worth millions of riyals.
• Increased collections by 22% Year-on-Year.
• Reduced Receivables balance by 85% Year-on-Year
SPC is a listed producer of several consumer tissue paper products with a capacity of 50 Thousand tonnes.
• Oversaw, coordinated and liaised all cost-related matters for 5 countrywide SPC branches.
• Keep checks and balances on raw materials, spare parts and finished goods inventories.
• Investigated variances and prepared variance reports in coordination with all SPC branches.
• Prepared daily reports for Senior Management including those covering total sales, sales quantity in tons for each product category as well as selling price per ton.
Achievements:
• Conducted a full inventory count of raw materials, spare parts and finished goods and successfully eliminated discrepancies between the system and the actual, which amounted to a gain worth hundreds of thousands of riyals. Consequently, proper checks and balances were introduced in the company to ensure variances remain as minimal as possible.
Monash University is World #20 in Accounting and Finance in the QS Rankings. • Monash Scholar - awarded 50% scholarship for outstanding academic achievement. • Dean’s Honour List – among Top 2% high achieving students. • GPA of 3.65 out of 4.00, with High Distinction average.
• Working towards ACCA membership • 11 exams completed with 4 remaining.
University of Warwick is ranked in the Top 10 universities in the UK and World #48 overall in the QS Rankings. • Selected on academic record and excellence in sports, humanitarian efforts and leadership qualities to represent Monash as an Exchange student.