Jashanmal National CoAssistant credit controller
Oct. 2019 - Sep. 2021Dubai, United Arab EmiratesCredit Assessment:
Assisted in evaluating creditworthiness of new and existing customers by analyzing financial statements, credit reports and payment history. (Ageing report,Debtor Days Report)
Made recommendations for credit limits and terms based on risk assessments.
Credit Risk Mitigation:
Assisted in developing and implementing credit risk mitigation strategies to minimize bad debt exposure.
Invoicing and Billing:
Accurately generated and sent invoices and statements to customers on a regular basis. Verified invoice accuracy and resolved discrepancies promptly.
Collections Management:
Actively managed accounts receivable by monitoring overdue accounts and following up with customers to ensure timely payments.
Negotiated payment plans and settlements with delinquent customers while maintaining positive relationships.
Payment Processing:
Processed and recorded customer payments, applying funds to the appropriate accounts and ensuring accurate posting.
Handled payment inquiries and provided payment instructions to customers.
Dispute Resolution:
Investigated and resolved billing disputes and discrepancies in collaboration.
Reporting and Analysis:
Prepared and presented regular reports on accounts receivable aging, cash flow, and credit risk to management.
Acted as a point of contact for customer inquiries related to billing and credit matters.
Documentation and Compliance:
Maintained accurate and organized records of credit-related documents, including credit applications, contracts, and correspondence.
Ensured compliance with credit policies, regulatory requirements, and industry standards. Collaborated with the procurement team to ensure compliance with purchasing policies and negotiated payment terms.
Maintained organized and up-to-date records of all financial transactions related to accounts payable.
Process Improvement:
Collaborated with colleagues to identify and implement process improvements to enhance efficiency and effectiveness in credit control.