Financial Coordinator
Citibank
Total years of experience :14 years, 2 Months
- Achieved technology cost savings of more than $ 5 Million thru effective reconciliation of inventories
- Balanced monthly general ledger accounts to accurately record cost, month end accruals, amortization of prepaid expenses, WIP capitalization and adjusting journal entries
- Processed and reconciled accounts payable transactions and ensure that all invoices are paid accurately and in accordance with Finance policies and procedures
- Reviewed intercompany billings to determine accuracy and appropriateness of charges.
- Proofing of balance sheet accounts including reserves, prepaid and WIP
- Various monthly reporting and variance analysis (Including Software WIP/FAR Balances.).
- Prepare the monthly voice chargeback inventories for UAE
- Reconciled vendor statements and handled payment complaints or discrepancies.
- Supported key planning processes such as Forecasting and Budget setting from an operating expense and headcount perspective
- Expertise collecting, analyzing and managing quantitative data and creating meaningful reports to drive business improvement and cost reductions
- Achieved minimum monthly collection efficiency percentage of 86% for bucket 1 accounts thus contributing to the reduction of the net credit loss of the bank and increasing the earnings before interest and taxes
- Makes outbound calls to past due customers to stabilize and resolve the delinquent status of loan
- Receives inbound calls to attend to various concerns of the customers with regards to their credit status
- Meets customers to respond to their requests and inquiries to stabilize customer rapport and client-company relationship
- Generated necessary end of month receivable reports
- Audits the allocation and posting of payments
- Traces leads and contacts of skip accounts
- Updates daily MIS reports to evaluate the status of collection efficiency, aging, movements and dollar value
- Initiated the excel computation template which was used by Sales and Account Management
- Created the General Contract (in SAP) of the homebuyer and prepares the official computation sheet for the intended sale of unit
- Maintained records of transactions and status of sales accounts in a monitoring file
- Monitored the aging of reservations and prepares various management information reports for the Unit Head to evaluate per project the status of reservations, aging, conversion to booked accounts of reservations, document compliances and profile of buyers
- Processed all buyers’ request such as change of payment scheme or financing, upgrade or downgrade of unit, transfer of ownership and discount applications.
- Processed cash commissions and other incentives of sales agents as per approved scheme
- Spearheaded the implementation of the new ABSI Integrated Insurance Brokerage System
- Succeeded in the closure and settlement of all long overdue non-life insurance claim files
- Facilitated the settlement of non-life insurance claims in various lines such as motor vehicle, marine, fire, and miscellaneous casualty
- Handled insurance claim correspondences, contacting insurers and other facilities to maximize payment on claims and to achieve client profitability
- Processed the payment vouchers for policy deductibles of settled insurance claims
- Prepared management information reports to evaluate the status of claims, aging, movements and settlement of accounts, and to provide better analysis and coverage for underwriting
- Lead the lot inventory reconciliation initiative that resulted to new units for sale
- Monitored the contract receivable accounts of the company
- Sale and financing of receivables
- Approved housing loan applications through evaluation and analysis of clients’ documents
- Generated billings and notices for current and remedial accounts and facilitate the necessary legal procedures through endorsement to the company lawyer
- Restructured agreements to update past due and delinquent accounts thus significantly reduced the company’s bad debts and increased the collection efficiency
- Prepared management information reports to evaluate the status of collection efficiency, aging, movements and peso collection of accounts
• Working Scholar from 1999 to 2001 • Dean’s Lister