A/R Team Leader KWT / KSA
Abyat Mega Store
Total years of experience :17 years, 5 Months
Summary:
I am a hard-working professional Account Receivable & credit manager with extensive knowledge and experience of accounts receivable procedures and policies.
I am an energetic and dedicated team player and I pride myself on my accuracy, professionalism and ability to meet deadlines. I would love nothing better than a stimulating position where I can apply my skills and expertise across different areas of accounting.
- SAP user
Duties:
• Set objectives for the accounts receivable team that align with the accounting department’s goals
• Monitor processing of invoices
• Ensure timely collection of payments
• Conduct credit checks
• Negotiate with clients in non-payment cases
• Prepare monthly, quarterly, annual and ad-hoc forecasting reports
• Organize records of invoices, bills and deposits
• Ensure high-quality invoicing and collection procedures that comply with the law
• Support Accounts Receivable Clerks on a daily basis and train new team members
• Ensure all team members follow the accounting principles
• Stay updated on industry and legislative changes
• Supervise and manage receivable team in reconciling customer's accounts, collection.
• Review and post all parked transactions.
• Ensure timely collection of receivables and monthly dunning for overdue accounts.
• Ensure monthly clearing of customer advances / payments.
• Manage and control customer's credit limits and customer accounts.
• Oversee customer refunds and monitor dormant accounts.
• Oversee Online Sales & payment.
• Oversee VAT process for payment advances & Billing.
• Oversee and analyze all GL accounts related to accounts receivables and customer advances, and submit monthly aging report of customer’s balances.
• Ensure the proper filing of customer invoices, statements, reconciliations and delivery notes.
• Perform month-end closing reviews, procedures and corrections as needed.
• Ensure obtaining customer's balance confirmation on a quarterly basis.
• Create the account Receivables Ageing Report from the Accounting System for (KWT-DMM-RYD-JED).
• Strategies to follow up on the collections.
• Follow-up on doubtful accounts that require special attention and escalate issues to superior when require.
• Enhance company criteria and policies to improve the collection.
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
• Generate financial statements and reports detailing accounts receivable status.
• Meet the customers whenever needed and solve their problems.
• Minimize bad debt risk and maximize accounts receivable collections by clearing their statements, calling customers & dunning letter (following up with them).
• Continuously evaluate processes and systems for improvement, developing recommendations for implementation (SAP modifications).
• Update credit limit when required and create the document needed.
• Responsible for provision entries.
• Responsible for the AR entries.
• Decrease the Days sales outstanding & increase the receivable turnover ratio.
• reviewing the posting for customers refunds in Kuwait - KSA.
• Preparing any new promotions arrangement if required.
• Controlling the discount types done by the authorized person.
Summary;
I am a hard-working professional accountant with extensive knowledge and experience of accounts receivable procedures and policies, Achieve goals of DSO through maximizing collections and minimizing bad debt provisions
I am an energetic and dedicated team player and I pride myself on my accuracy, professionalism and ability to meet deadlines. I would love nothing better than a stimulating position where I can apply my skills and expertise across different areas of accounting.
Duties;
• Monitor credit limits and repayment trends of customers and recommend appropriate actions when customer exceeds credit terms.
• Plan collection targets, arrange credit review meetings, monitor sales outstanding and make customer visits to ensure debts are recovered in an efficient and timely manner.
• Maintain proper booking and documentation of customer receivables in line with Company's Financial Policy and standards.
• Clear pending issues in co-ordination with (Sales) Teams, accounts team and external customer teams.
• Preparation of weekly & Monthly Cash forecasts including customer collections.
• Arrange creation of new customer.
• Supervise on the daily collection and deposits.
• Investigated misallocated cash and monies gone missing.
• Work with Client’s legal department to initiate legal proceedings and resolve disputes as required
• Having to make decisions as to whether to offer credit to a client.
• Arranging the terms and conditions for any financial agreements.
• Ensuring any payments are made on time.
• Involved in the re-negotiating of agreements.
• Updating customer records & ensuring that administrative records are up to date.
• Identifying accounts that will require special attention or investigation.
Duties:
• Take charge of customer AR accounts
• Reconciliation of Customer Account Receivable accounts.
• Clear pending issues in co-ordination with (Sales) Teams, Accounts team, MDM team and external customer teams.
• Preparation of weekly & Monthly Cash forecasts including customer collections.
• Arrange creation of customer code in system.
• Have Experience about Kuwait Society - Private Super Market.
• Have good Relationship with all Kuwait Cooperative Society administration.
Responsible for supporting the accounting operations of the business by processing merchandise invoices, making payments and resolving queries.
Bachelor of Commerce (Major Accountancy)