Asst.Credit Manager
WYNDHAM GRAND MANAMA
Total years of experience :15 years, 8 Months
• Make credit decisions with in assigned authority
• Reporting all the significant risk to higher management
• Evaluating the credit worthiness of potential corporate clients
• Initiate adjustments to collection procedures to improve results
• Make a monthly doubtful debts report for uncollectible accounts
• Create and implement strategies to increase the number of successful collections on outstanding debt
• Utilize customer data to build risk segmentation and mitigation strategies
• Perform pro-active on-going credit monitoring and risk management on the client as well as portfolio level
• Monitoring and evaluating active accounts to reduce or prevent bad debt losses
• Supervise preparation and transmitting of letters and notices on delinquent accounts
• Establish standard for credit granting, development of criteria for credit limits, special terms
• Review and recommends accounts for outside collection agencies or legal action and follow through as required
• Creating procedures and policies that ensure timely payments while maintaining a high level of customer retention
• Oversee the collection of outstanding credit and invoices to minimize profit loss while ensuring it is handled appropriately and per company policy.
• Reviews all credit request, process information, perform credit investigation and approves/disapprove credit with any related terms, conditions or limits
• Attend and participates in the monthly credit meetings. Prepare agenda and summary of overdue/disputed accounts for discussions and follow ups
• Undertake account reconciliations as required
• Handling all the corporate credit sales accounts
• Checking and posting of receipts to accounting system
• Following up with the sales team for the outstanding receivables
• Liaising with customers, and internal personnel including the sales team
• Supervise the day-to-day activities of the Credit control and ensure all standards are followed
• Handle disputed bills and negotiate to bring payment within the agreed terms
• Chase overdue invoices by telephone, email & letter within agreed timescales
• Maintain accurate records of all chasing activity
• Prepares recommended write-off or doubtful accounts list for the monthly closing
• Weekly and monthly meeting with the management for receivable updates
• Efficiently coordinating with the legal department to recover the outstanding debts
• Send out monthly client statements/letters as may be agreed from time to time
• Maintains adequate files on all credit work, overdue accounts, accounts placed with lawyer and accounts eventually written of
• Negotiating re-payment plans
• Processing and reconciliation of invoices
• Ensure that debts are paid in a timely manner
• Monitoring of revenue on credit and cash basis
• Monthly sales reconciliation of debtor accounts
• Meeting with clients for receivable discrepancies
• Monthly closing of all the credit revenue summary
• Assist in the setting up of the credit control system
• Taking proactive role in managing and collecting debts
• Monthly dispatching of all the update SOA to all the debtors
• Evaluating new credit requests and reviewing clients credit rankings with local authorities
• Cost analysis and Invoicing
• Intercompany reconciliation
• Monthly accounts reconciliation
• Monitoring and reporting all day to day expenses
• Reconciliation of bank and vendor ledger accounts
• Monitoring of monthly purchases of cash and credit
• Preparing and maintaining company ledger accounts
• Monthly finalizing PNL
• Intercompany reconciliation
• Preparing monthly accounts
• Monthly dealing with tax returns
• Bank dealing and reconciliations
• Preparation of cheques and invoices
• Dealing with vendors and clients on monthly basis
• Preparation of payments, receipt and general vouchers
• Preparing and maintaining petty cash, cash reimbursement
Specialization in Accounting Control and Business Finance
Specialization in Cost and Managerial Accounting
Specialization in Mathematics, Statistics and Computer Science
