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Senior Credit Analyst

Location:
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
Posted:
March 25, 2019

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Resume:

Siju Prasad

MOBILE: +971-********* E-MAIL: ac8v7u@r.postjobfree.com ADDRESS: Abu Dhabi, UAE

PROFESSIONAL PROFILE

A focused Management Graduate, specialized in Finance. Possesses close to 8 years of relevant experience, with some of the world’s top leading corporate organizations. Able to balance multiple competing priorities. Confident managing and mitigating risks and issues, while maintaining progress and growth. Maintain key relationships and communicate well with stakeholders across the globe. Extremely vigilant and implement internal controls to ensure adherence to compliance while minimizing risks. Identify new business/market opportunities. Proven leader with excellent skills and a team player. CORE SKILLS

NOTABLE ACCOMPLISHMENTS

During my tenure in ‘Thomson Reuters’; I was given the sole responsibility of handling the, ‘My Account’ project. Effectively worked with our Research & Development, Marketing and Information Technology department to make sure there were absolutely minimum setbacks and maximum breakthrough in the implementation of our new platform. Which would make it easier for clients; especially huge corporates to move online. Had to educate and train a team of 30 members during the whole process and making sure our goal was achieved at the end of the year. Regions covered during this course were (AMERS, EMEA, Australia & New Zealand)

While my time in ‘Al Jassim’; they gave me the opportunity to implement the SOA for the credit controlling department and introduce matrix system, which were missing before. Since certain things align with the policies and procedures I had to closely work with the legal department. Also this required to put in place the delegation of authority. Had to manage & train a team during this course of time.

Latest accomplishment has been with ‘Exova’. Here since we were a testing lab, we had to deal with a lot of physical reports. But since most of our clients have been dealing with us for many years, moving onto electronic reporting meant challenging. This had to be revised in our policies as it’s also important to convince the existing clients and have them resign the contracts. Had to closely work with the Sales heads, Information Technology & Legal. Also another notable thing was introducing to file legal against our debtors; as this required a lot of management convincing and setting up the process. Managed and handled teams across Middle East.

Credit Controlling Ms Office

Bank Reconciliation Reporting

DSO Forecasting Bad Debt Provision

Cash Forecast Root Cause Analysis

Negotiations Supervising

Handling Projects Implementing Matrix System

Siju Prasad

MOBILE: +971-********* E-MAIL: ac8v7u@r.postjobfree.com ADDRESS: Abu Dhabi, UAE PROFESSIONAL EXPERIENCES

EXOVA (Currently known as; Element Materials Technology ) Senior Credit Controller

Period: Mar 2017-Present

Job Description:

Precise attention to details and ability to reconcile complex accounts

Handle average monthly portfolio of (USD 2-3M) and average annual portfolio of (USD 25-30M)

DSO forecasting & calculation

Ensure all company policies and delegation matrix are strictly followed

Credit requests; review and recommend for approval

Review customer credit limit/payment terms and credit history

Ability to establish and maintain good client relationships, both internally & externally at all levels

Handle disputes and negotiate to bring payment within the agreed terms

Hold meetings with corporate leaders/directors when necessary

Providing ad-hoc reporting as and when requested by the management

Assist with the new business opportunities and working with finance and sales managers

Bad debt provision calculation, effectively working on reducing bad debts

Initiate legal action against major debtors, liaise with chamber, attorneys, etc

Weekly meetings to tackle sensitive & major clients

Cash reconciliations, weekly/monthly analysis and reporting

Research and resolve business inquiries

Analyze to ensure FTA policies are followed internally

Process credit notes, intercompany transfers and post foreign currency gains/loss

Propose write off of irrecoverable receivables

Train new employees and ensure training materials/documentations are updated

Responsible for performing special projects to improve process efficiency assigned by management

Contribute to team effort by accomplishing related results as needed Al JASSIM

Senior Credit Controller

Period: Jun 2014-February 2017

Job Description:

Manage business portfolio of around (150-200 clients) on a monthly basis

Worked to strict monthly and annual collection targets (USD 250-300k monthly and USD 3-4M annually)

Client meetings to recover payments and for future business opportunities

Following up with business clients; requesting to settle their accounts and explaining the terms of their credits

Initiating legal proceedings if debts are not paid within the business terms

Reconcile complex accounts and have excellent attention to detail

Develop the Credit Management capability within the practice

Siju Prasad

MOBILE: +971-********* E-MAIL: ac8v7u@r.postjobfree.com ADDRESS: Abu Dhabi, UAE THOMSON REUTERS

Credit Controller

Period: Oct 2012-May 2014

Job Description:

Ensured that all major accounts (USD 3-5M) worked to agreed order to cash cycles

Worked to strict monthly and annual collection targets (USD 4-5M monthly and USD 48-60M annually)

Investigating and resolving queries relating to nonpayment of invoices

Follow up and reduction of debtor days (DSO reduction by 0.4%)

Negotiated repayment plans (recover minimum amount of USD 25K-50K)

Liaison with the sales and accounts receivable teams to resolve outstanding queries

Allocation of payments in accordance with customer remittances

Processing and administration of reminder letters and monthly statements

Daily and month end reporting and account reconciliations

Consistently met management expectations on targeted cash collection parameters

Preparation of macros and reports

Delivered world class customer service to clients as a key focus area

J. P. MORGAN CHASE

Reconciliation Analyst

Period: Jun 2011-Oct 2012

Job Description:

Bank Reconciliations (U.S./International bank accounts and Investments) worth (USD 2-5M)

Root Cause Analysis (RCA)/In depth Research

Identify areas where controls and procedures can be improved in the preparation of the account reconciliations and propose solutions

Preparation of bank reconciliation statements

Maintained appropriate records, files, and documentation

Prepared responses to internal and external audit requests

Record reconciliation of bank transactions

Ensured that account reconciliations are properly stated with adequate supporting documentation

TRAINING SOFTWARE SKILLS

SAP SAP

Anti-Money Laundering Sales Force

Intermediate Ms Office Get Paid

Vocabulary & Language NAV

Voice & Accent Seibel

Service One-on-One CRM

Decision Making Ms Office

ACADEMIC CREDENTIALS

Bachelor of Business Management Higher Secondary Education Kristu Jayanti College, Bangalore, India Indian School Fujairah, UAE Graduated Class: 2011 Graduated Class: 2008

Siju Prasad

MOBILE: +971-********* E-MAIL: ac8v7u@r.postjobfree.com ADDRESS: Abu Dhabi, UAE PERSONAL DATA

D.O.B : 17 MAY 1990

NATIONALITY : Indian

LANGUAGES KNOWN : English, Arabic & Hindi

OTHER INTERESTS : Travelling Photography Sports Music REFERENCE

Mr. Biju Mathai

HR Partner/Manager

Elements Materials Technology

Abu Dhabi, UAE

PH: +971-**-***-****



Contact this candidate