AKIL ABID (REGIONAL CREDIT CONTROLLER)

E-Mail: adym7o@r.postjobfree.com Phone : +971-*********

~ Credit assessment / Negotiations & persuasion / Credit Risk Management / Collections ~

SNAPSHOT

Offering 22 years of experience in effectively managing customer credit and collection process

Proficient in handling credit control function for a diversified business house.

Experience in analyzing credit worthiness and developing credit policies.

Skills in achieving greater organisational efficiency & profitability; reducing credit risk of organization through comprehensive risk assessment and internal control implementation.

An effective leader with outstanding communication, analytical, team building and relationship management skills.

AREAS OF EXPERTISE

Assessment of credit worthiness:

Reviewing the credit requirements for customer. This includes collecting essential information and evaluating the same, such as business details, financial statements, bank references, trade references, and credit history etc.

Conduct market research to Evaluate customer's industry and market conditions to assess their creditworthiness

Use of credit scoring models or credit rating agencies' assessments to quantify the customer's creditworthiness.

Risk Management / Credit Risk:

Establish clear credit policies and procedures that define the criteria for granting credit, credit limits, payment terms, and risk tolerance levels.

Understanding & monitoring customer's business environment helps evaluate the associated risks.

Establish early warning systems that trigger alerts when predefined thresholds or warning signs of potential default or deteriorating credit quality are detected.

Develop effective collection strategies to promptly recover overdue payments

Continuous monitoring of collections:

Negotiating and specifying payment due dates, accepted payment methods, and any applicable penalties or incentives for early or late payments with the customers.

Maintain proper documentation of invoices and related correspondence to track payment status and resolve any disputes.

Continuously track and update the aging reports to monitor the progress of collections and prioritize follow-ups

Managing systematic process for sending payment reminders to customers as invoices become due or past due.

Addressing billing disputes and work with the appropriate teams or departments to resolve them

Building strong customer relationships can facilitate prompt payment and potential future business opportunities

CAREER SCAN

Dec 2000 – Present: The Kanoo Group, Dubai.

Regional credit Controller - UAE.

Jul 1999 – Nov 2000 : A & W Restaurants

Accountant

Mar 1992 – Jul 1999: Mannai Trading Company - Qatar

Sr Accountant Assistant

DELIVERABLES

Handling credit control function for a diversified business conglomerate with business activities across the world’s most dynamic industries from Shipping, Travel, Holidays, Machinery, Oil & Gas, Power & Industrial Projects to Exhibition services, Courier Services, Business Centre, and other retail and commercial activities.

Develop and implement credit control policies and procedures to improve cash flow and minimize risks.

Supervise regular follow up of payments for all divisions. Alert divisional managers incase of default by a customer of any one division within the company.

Prepare monthly reports on credit control activities, including collection performance, outstanding balances and aging analysis, for all divisions. Review the same and suggest further course of action based on the defaulting customers past history.

Liaise with external debt collection agencies and coordinate with company legal department to recover long overdue payments in case of disputes

Collaborate with divisional sales and service teams to resolve customer queries, payment issues, negotiate payments plans, with customers in order to minimize bad debts.

To acquire updated information on current and prospective customers, thru various agencies and databases.

Stay updated on industry trends and regulations related to credit control and recommend process improvements.

Acting as the motivational medium to drive the performance metrics of the team.

Organizing credit management training sessions to implement the knowledge management activities.

Developing the functional database of the customers / industry related information with close coordination with the team members.

IT SKILLS

SAP system and Gem financial System

MS Office – Proficient (Excel, Word, Power point, Outlook etc.)

ACADEMIA

1989 Bachelor of Commerce from University of Bombay

1992 Diploma in Systems Management from “National Institute of Information Technology” (NIIT) accredited to American Council of Education.

PERSONAL DOSSIER

Date of Birth: 19th May 1968

Linguistic Skills: English, Elementary Arabic, Hindi, Marathi and Gujarati.

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