Credit and Collection Manager

No. *** Camia St. Dona Rosario Bayview Subdivision

Brgy. Sucat, Muntinlupa City, 1770

Telephone: 02-2739585

Cellphone: +639*********/099********

Birthdate: January 10, 1967

Imelda Sorilla

WORK SUMMARY

WORK EXPERIENCE

1989-1991 Casual – Agency

Coca Cola Bottlers Philippines, Inc.

First job as Promo Clerk and after the promo period I was trained as Accounts Receivable Clerk handling three Warehouse/Sales Office branch in the North Area.

Objective of the Position

To review, examine, posting and analyze route sales transactions and prepare reports (Aged Trial Balance, Outstanding Returned Checks and Commission)

To determine the validity of cash sales & credit transactions;

Duties and Responsibilities

Daily review and examine sales documents as to the completeness of approving authorities before posting to individual subsidiary ledger of customer.

Prepare reports (ATB, Outstanding Returned Checks) for RSM used.

Check accuracy of credit application & posting of payment in the individual Subsidiary Ledger per customer.

Encodes payment and validates the correctness of reference outlet number, date and invoice number as indicated in the Official Receipt (OR).

Check OR to determine and locates for erroneous reference document numbers as indicated in the OR to avoid any misposting of payment.

Report to Finance Head for any fictitious sales transactions in the course of document review.

Initiates reconciliation of salesmen’s shortages and teller’s shortages as well

Initiates and conduct weekly and as needed for the verification/confirmation on anomalous sales transactions.

Computes for the commission of Salesmen and Helper and submit to Finance –Payroll Group.

Assist in conducting physical inventory count of full goods & empties and Electric Coolers in the sales offices.

Record returned check, prepares demand letter for distribution to Sales Supervisor and monitor payments.

August 1991 to April 1998 Accounts Receivable Clerk

Coca Cola Bottlers Philippines, Inc.

Objective of the Position

To support the corporate vision/mission in the area of getting accurate and timely value-adding information by ensuring that Trade Receivable data are available at any given time.

Duties and Responsibilities

Review Summary of daily Issuance and Collections generated by Route Settlement Group as to completeness of Supports ( Credit Invoices, Official Receipts, and Charge Refund invoices where the payment should be applied)

To post payments and analyzes unapplied payments and coordinates with the sales department as to the invoice where the payment should be applied.

Reconciles amount linked to SAP against summary of Issuance and Collections.

Receives customer checks returned by depository bank for various reasons.

Informs sales department on the returned check for immediate collection/replacement.

Furnished Sales Department history of returned checks of customers to determine whether the company will continue accepting check payment from the customer or suspend check-payment privilege of the customer.

Prepares demand letters.

Prepares weekly report on the status of returned checks.

Follow-up Sales Department on the disposition of returned checks.

Prepares pertinent documents and initiates case filing on unsettled returned checks.

Submits analysis of Aging Trade Receivables (ATR) to the DSS/RSM for proper disposition.

Submits analysis of Trade Receivables exceeding approved credit limits.

Prepares analysis of ATR for each service package per district and per territory.

Reconcile Subsidiary Ledger against General Ledger.

Visit sales offices twice a week to conduct outlet account verification and reconciliation with the Sales Supervisor.

Assist the Finance Group Head in gathering data required for processing credit application.

Assist Salesmen in reviewing and analysis of customer’s account balances.

Generates Aged Trial Balance per outlet/route and Outstanding Returned checks.

1998 to 2003 Finance Analyst (Budget Section)

Coca Cola Bottlers Philippines, Inc.

Central Manila/SGMA

Duties and responsibilities

Audit and budget preparation for Central Manila.

Accurate submission of P & L, Volume Price Mix Analysis, Chart of expenses & Marketing Program Activity (TCCEC).

May 2003 to January 2004 Temporary Job Assignment as Plant Finance Head

Areas of Duties and Responsibilities

Financial accounting and reporting

Financial planning, analysis and control

Cash Management including AR and AP

Credit and accounts Management

Internal Audit and Control

February 2003 to June 2009 - Territory Finance Head

Coca Cola Bottlers Philippines, Inc.

Duties and Responsibilities

Cash Management

Credit and Accounts Management

Inventory Management

Financial Accounting and reporting

Financial Planning Analysis and Control

Internal Audit (Purchase Requisition and Disbursements/claims)

June 2009 to December 2013 - Credit and Collection Manager

Coca Cola Bottlers Philippines, Inc. – Shared Services

Credit & Control Manager – Greater Manila Area & South Luzon

Maintain controls to protect value and to Pass the CAD/SOX Audits

Manage to identify customer accounts having more than 30 days complete documentation for referral to legal.

Manage to conduct AR review with Sales Managers per Sales Office per Territory per AE and identify issues and concerns with commitment and action steps to be taken to resolve the issues.

Manage to conduct AR review with Sales Managers to ensure that all credit related approvals and issuances are aligned to with the provisions of the Chart of authority.

Manage to review AR balance and identify customer accounts with over credit limit and past dues and send communication to RKAM’s /TSM’s for review and for possible recommendation for revisions of credit limit and for follow up collections.

Credit limit and terms are reviewed based on credit policy.

Manage to identify accounts subject for write–off and inform sales to complete documentation/certification from Third Party for approval.

Manage and leverage assets to improve returns and Financial Health

Manage the accounts receivable efficiently with issues and concerning prior years .

Able to manage the Balance Sheet's financial integrity with zero BS reconciling item more than 60 days, SL GL are reconciled. Managed the balance sheet of various GL accounts and identify discrepancy Implement common value-adding frameworks to lower the Cost and Improve Margins

Manage to review daily ATB report, weekly report for accounts with over credit limit, weekly report for accounts with past due and weekly AR performance report .

Manage to report customer account with noted issues to Sales Managers for investigation.

Manage to evaluate nature of abnormal balances and effect adjustments, as necessary.

Ensure consistent adherence and strict compliance to existing policies and procedures.

Conduct contract audit and with noted issues for reporting to Sales Managers.

Ensure that all customers account are subject to Credit Limit checking and 100% strictly implemented, no release of orders without request and approval.

Build Exceptional Finance Talent and Bench strength and have an engaged workforce

Keep them track and align to any process and programs.

More trainings for the rank and file

Includes ARA in the AR review conducted to locations of their responsibility.

Manage to assign OIC whenever the CCM is out of the office.

Practice the cross functional assignment.

June 20, 2016 to Present – Credit and Collection Manager

DELBROS WATERLEASING CO. INC

National Accounts- Luzon, Visayas and Mindanao

-Manage and Supervise C&C Department with a total of 11 Direct personnel.

-Manage to collect past due accounts .

-Overall review and control of AR accounts.

-Manage collection and application of unapplied payments

-Overall management of accounts for disputes.

-Overall management of accounts endorse to Legal, NPA and Collection Agency.

-Ensure demand letters, reminders letters and final demand letter are served.\

-Overall management of other income derived from past due and other penalty.

-Overall maintenance of Clients folder.

-Preparation of Dashboard and Tracker as presented during monthly performance review.

SKILLS

Knowledge of SAP, AS400, Lotus 123, Microsoft Word and Excel

ACADEMIC BACKGROUND

Polytechnic University of the Philippines

Pureza Sta. Mesa Manila

Bachelor in Accountancy

1984 - 1988

Email address: *************@*****.***

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