Merajuddin Ahmed

Credit Control and Receivable, Immediate Joining

• Work Experience     

May’2016 till date with KIMMCO-ISOVER- Saudi International Insulation Manufacturing Company, Yanbu, Kingdom of Saudi Arabia.

     Key customers: covering customer in KSA, Bahrain, Kuwait, Oman, Levant region (Lebanon, Syria, Iraq, Palestine and Jordan and export to other countries

Position:  

Sr. Accountant Credit and Receivables. 

Managing assistants (Team Size: 2)

Responsibilities:

• Ensuring credit, collection policies and procedures are properly followed. 
• Preparing monthly revenue MIS details pertaining gross sales, facing, freight, sales in kilogram and metric ton, salesperson wise, region wise, country wise and presenting to Finance controller
• Preparing monthly age receivable and provision for doubt full debtors as per the policy.
• Evaluating Customer Application Form with supporting documents and arranging management approval in fixing credit limit and terms as per DOA
• Conducting monthly customers credit limit check.
• Monthly reconciling books with related party.
• Block Inactive customer yearly in SAP.
• Running Embargo screening of new customers before creating customer master, ensuring customer credit limit, term, and documentation compliance with the policy.
• Monthly performing reconciliation of critical / Top 10 customers.
• Preparing monthly schedules for Seven Balance Sheet review like, age receivable, provision for doubtful debts, advances from customers, commission, and rebate.
• Calculating monthly commission and rebate provision as per the agreed terms with customer.
• Taking proactive role in managing and collecting debts of company’s debtors by sending weekly age receivable chasers to salesperson to improve collection. 
• Ensuring complaint credit note are properly documented, approved as per delegation matrix.
• Organize monthly receivable meeting with General Manager, Salespersons and Finance controller to set collection targets, to discuss status of long over dues collectable from customers, complaints, LC issue with customer, prepare and distribute minutes of meeting and follow up collection.
• Supervising balances confirmation from customers as per company policy twice in a year.
• Maintaining Letter of Credit from draft approving to receiving payment.
• Having reasonable knowledge of VAT.
• Coordinating with the related department for the legal cases and keeping an up-to-date record of the status of each pending case
• Managing a team of two members for releasing sales orders, letter of credit documentation, filing monthly insurance declaration with The Arab Investment and applying credit limit of new customer, for issuing customer credit notes, debit notes, monthly reconciling of cash receipt books with salesperson, sending customer statement of account and customer reconciliation.
• Other assigned tasks and responsibilities

Highlights:

• Collected Large Targeted Receivables every month from over customers.
• Managed customer accounts by ensuring issues and queries were dealt with professionally and resolved quickly & efficiently ensuring no Payment Delays.
• Created Dashboard, Daily Invoices Pending for accounting, Sales Report, Credit Limit, Collection Report, Pending Quotation and Sales Orders. Monthly - Receivable age & detailed sales report.
• Maintained customer credit limits in system with properly backed documents.

 Previous Experience

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Dec’2006-May’2016 with Rockwool (India) Limited 

Position:  

Senior Accountant GL & Taxation

Managing assistants (Team Size: 3)

Responsibilities:

• Responsible for General Ledger, Accounts Receivables, Accounts payable & Taxation.
• Supervise timely remittance of CST, VAT, TDS, Service Tax Monthly and Quarterly returns.
• Ensuring policies and procedures are followed. 
• Review month-end accounting activities such as GL reconciliations, Cost center and journal entries (Accruals)
• Coordinate with finance team to complete assigned accounting tasks within deadlines.
• Monitor expenditures, analyze revenues, and determine budget variances and report the same to management.
• Provide guidance to other Accountants when needed.
• Assist in budget preparation and expense management activities for assigned accounts.
• Assist in auditing activities by providing necessary information and preparing requested documentations.
• Monitor and record financial transactions according to company policies and regulations.
• Review and recommend changes to existing accounting procedures along with accounts manager.
• Assist accounts manager, in oversees the accurate and timely management reports and financial statements.
• Supervises the proper updating of the chart of accounts and the list of analytical accounts, financial charges etc.,
• Resolves accounting discrepancies and irregularities.
• Establishes and monitors the implementation and maintenance of accounting control procedures.
• Reporting status of pending C-Form against CST Sales to management and submitting C-Form with department.
• Assisting tax consultants in Sales Tax and VAT appellate tribunal and Service Tax assessments
• Monthly preparing royalty due to Saint Gobain and accruing in the books.

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Sept’2004-Nov’2006 with Rockwool (India) Limited as Accounts Officer

Responsibilities: 

Posting transporter, purchase vendor bills in system after checking value are in line with agreement and POs, checking expanses statement of salesperson ensuring expanses in line with travel policy, Preparing and filling TDS, TCS, PF and ESI monthly, Preparing provision for purchases, bank reconciliation of cash credit bank account.

Highlights & Awards:

• Member of Finance team of the month of March 2012 from Corporate at Alghanim Industries
• Success fully cleared open items in 100 customers account within the stipulated target date. Open items which were carrying forward since many years. Major task is getting statement of account and discussion with customer on each open items.

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Dec’1997-Apr’2004 with APTECH LTD, Hyderabad as Accounts Officer

 Personal Details

Date of Birth:  25th August 1974
Languages Known: English, Hindi, Urdu, Telugu & Basic Arabic 
Address: Hyderabad (Telangana), India, presently in 

Current Location: Riyadh, KSA

Ready to Relocate anywhere in Kingdom of Saudi Arabia

ANNAMAILAI UNIVERSITY -PG - MBA -FM - YR 2010

DEGREE - SRI BHAVANS NEW SCIENCE COLLEGE - B. COM - ACCOUNTING, COSTING, INCOME TAX AND STATISTICS - YR 1996