credit manager
tbo.com
Total years of experience :11 years, 8 Months
TBO.COM, Dubai UAE Mar 2022 - Current
TBO is a world leader in the provision of ground travel products and services to the fully independent travel industry. http://www.tbo.com
Credit Manager, Middle East & Africa (MEA) Mar 2022 - Current
Responsibilities:
Control DSO, credit terms, and payment with all customers.
Prepare weekly collection dashboard for management presentations.
Ensure credit policy across the region.
Closing work with sales and commercials to improve collection.
Manage credit risk with all customers.
Reviewing credit limit with all customers.
Negotiating with clients’ finance, sales and operations for payments.
Develop regional controls to avoid any credit exposures.
Manage letters of engagements with clients.
Securitize all customers with proper legal agreement and securitization.
Manage bank guarantees, cash deposits and insurance coverage for clients.
Clyde & Co is a global law and the largest international law firm in the Middle East
providing a complete range of legal services to clients in its core sectors.
https://www.clydeco.com
Responsibilities:
Manage all aspects of accounts payable and accounts receivable of the firm’s
Riyadh office.
Monitor and ensure that all financial transactions comply with applicable
company policies and procedures as well as statutory requirements.
Coordinate with the compliance department to verify bank accounts and
credentials of vendors and clients to avoid money laundering transactions.
Supervise a team of Assistant Finance Officers and monitor their work to
ensure adherence to company policies.
Manage all the debt recovery business across KSA for effective cash flow
management.
Accounts Payable
Deal with the processing of invoices from vendors/suppliers including
verification against appropriate letters of engagement and reconciliation of
discrepancies.
Ensure on time and accurate release of payments to vendors/suppliers
through checks or bank transfer.
Manage all activities related to banking accounts including handling of bank
transfers and reconciliation of bank accounts.
Ensure proper documentation of all accounts payable activities including
entering of transactions in the Elite system.
Accounts receivable
Supervise a team of secretaries and monitor on time issue of invoices to clients
including re-issue of invoices requested by clients.
Coordinate periodic preparation and submission of statements of accounts to
clients and follow up with clients through e-mails, phone calls and site visits to
collect payments.
Review outstanding payments on client accounts and collaborate with
partners in liaising with clients for expediting payments and minimize credit
risks.
Manage all accounts receivable documentation including allocation of
payments received to correct accounts.
Worked as a member of the commercial debt recovery team of the Dubai
office and dealt with collection of bad debts on behalf of clients.
Utilized all available channels - e-mails, SMSs, web search, phone calls and site
visits - to locate and contact debtors.
Coordinated and organized meetings with clients and their debtors to
negotiate and settle terms of agreement.
Prepared settlement agreements between clients and debtors ensuring
compliance with applicable laws of UAE.
Prepared invoices as per terms of agreement and followed up ensuring on
time collection.
Reviewed legal background of cases and filed commercial complaints before
the Chamber of Commerce or criminal complaints before the Police as
applicable in delinquent cases.
Translated legal documents from Arabic to English as well as from English to
Arabic.
Gulliver’s Travel Associates (GTA), Dubai, UAE May 2010 - Apr 2013
GTA is a world leader in the provision of ground travel products and services to the fully independent travel industry. http://www.gta-travel.com/en/
Credit Controller
Responsibilities:
Implemented and managed the company’s credit policy covering all agents in the MENA region.
Administered the credit ledger for the region with decision making accountabilities related to credit limits for various accounts.
Dealt with all accounting using manual mode including creation of credit notes and invoices.
Prepared and issued periodic statement of accounts to agents and followed up for expediting collections as per agreed terms.
Monitored and ensured that all agents consistently complied with approved credit terms and conditions.
Analyzed the ledger based on the economic and political scenarios in various countries in the region as well as credit histories of the agents and revised credit limits to minimize risks of defaults and bad debts.
Evaluated overall credit related risks and arranged for credit insurance to protect the company’s position.
Managed all aspects of bank guarantees (BLG) provided by clients in the MENA region including on time renewal of BLGs.
Built and maintained good relations with all agents in the region contributing to smooth business operations.
Doctorate of business administration finance and investment
Master's in applied finance and banking
in
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