Finance & Settlement Supervisor ( Assistant Manager ) At Samsung SDS
Samsung SDS
مجموع سنوات الخبرة :8 years, 6 أشهر
Finance & Settlement Supervisor ( Assistant Manager ) From Oct 2020 To Feb 2021
Responsibilities :
- Work closely with a team of accountants to manage financial functions, including accounts
payable/receivable, bank reconciliations and tax audits.
- Monitor the daily performance and transactions of the finance department.
- Support existing team and the Director of Finance and Administration in day to day finance
operations and accounting and reporting matters.
- Oversee the timely preparation review and approval of all weekly payments to vendors including
payments to shipping lines and other service providers.
- Monthly balance confirmation with customers and vendors
- Review intercompany transactions with all related parties
- Month end closing reports (Balance sheet, Income statement, cash flow, risk management, VAT
and WHT, Budgets).
order to minimize open balances from customers and potential losses.
- Responsible for entire OTC process and departmental functions such as Credit
administration, collections, cash application processes, AR related management reporting.
- Implement strategies in the OTC processes to reduce company DSO and Bad Debts.
- Responsibility of the country’s collection from customers.
-Do the necessary allocations and clearing for all customers’ payments or advances
- Managing collections and disputes for country major customers and projects accounts.
- Main country contact towards the Financial Shared Services Center (FSSC) for collections
and bookings and Point of escalation for FSSC issues
- Maintain Monthly bank reconciliation and clearing of bank transit accounts.
- Assist in cash flow management and banks accounts.
- Managing A/R monthly closing activities
Maintain up-to-date billing system.
* Follow up on, collect and allocate payments.
* Carry out billing, collection and reporting activities according to specific deadlines.
* perform account reconciliations
* Recording all cash expenses.
* monitor customer account details for non-payments, delayed payments and other irregularities
* research and resolve payment discrepancies
* generate age analysis
* review AR aging to ensure compliance
* maintain accounts receivable customer files and records
* follow established procedures for processing receipts, cash etc
* prepare bank deposits
* communicate with customers via phone, email, mail or personally
* Assist with month end closing.
Organize, support and develop accounts receivable process
* Organize, support and develop cash & collection process in collaboration with credit and
operation department.
* Checking Daily bank deposits with Receipts for cash & checks received and to be sure that
all collected cash amounts and checks deposited on our bank accounts.
* Check customers bank transfers and customers deposits through bank statement and send it to
all credit controllers and follow up with them to clear all unidentified receipts.
* Apply cash allocation to customer accounts through the SAP
* Ensure no “parked-not posted” entries on SAP daily
* Posting the Postdated Checks on SAP and follow it until it collected on daily basis.
* Making the ledger maintenance (LMT) for Customer Accounts on Monthly basis.
* Receive return checks from our banks and post them on customers’ accounts to be able to
collect it with our credit department.
* Follow up with credit department to collect customers return checks upon company policies.
* Make Journal entries through Sap for all miscellanies revenue, settlements.
* Calculate agent’s commission.
* Accounts Receivable month end closing.
4. EastMed Shipping S.A.E. "As
Prepares weekly receivable report & manage clients’ credit limit.
Updates accounts receivable ledger by customer payments, prepare monthly Profit by clients.
Proactively identify and resolve problem accounts
Registering all financial data on the Accounting system (IST ERP)
Contact with customers by phone, mail and visits to arrange payment schedule and to review
the terms of sales, service, or credit contracts.
Manage All Treasury Transactions “receiving, depositing and withdrawals”
Prepares Monthly treasury report for branch accounts ( Income, Expenses, Deposits )
Manage all branch’accounting activities and tracking of all accounts. Prepare, analyze and
interpret accounting records.
Month end closing.
Faculty of commerce, English Section, Accounting Department
