Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

ROHIT MENON

Controller
Dubai

Summary

PROFILE SUMMARY An experienced Finance professional and subject matter expert in Financial Reporting, Forecasting, Credit Management & Receivables Management, and a key user in SAP for FI systems. More than 15 years of work experience across various Finance and Accounting roles in the Automotive, Electronics and IT industry as well as in retail driven markets. An individual with strong communication, interpersonal and analytical skills with a proven record of building positive relationships with stakeholders and clients at all levels in an organization. Detail oriented and self-motivated with a demonstrated ability to learn on the go, multi-task, and meet ambitious deadlines KEY COMPETENCIES Proactive, attention to detail and good communication skills. Attitude of assessing risk with a risk/reward approach. Able to handle pressure and remain result oriented. Time management skills and ability to prioritize. Intelligent, analytical, and committed.

Overview

16
16
years of professional experience

Work History

Controller

CONTINENTAL MIDDLE EAST DMCC
DUBAI
03.2019 - Current
  • Risk Management (Tires & Contitech Group Sectors) Full ownership of Credit Management & Collection for 3 legal entities for Tire & Contitech Group Sectors
  • Align with internal stake holders for Sales forecast
  • Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
  • Introduced internal controls to monitor critical areas of financial control and suggest corrective actions to address risks or deficiencies.
  • Kept all operations compliant with applicable regulations and established company policies.
  • Obtained and interpreted financial statements to assist in credit limit reviews.
  • Managed daily financial functions in collaboration with accounting and project cash flow.
  • Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
  • Prepare aging report, payment demand letter for high aging accounts
  • Lead internal and external audit for Credit function
  • Ensure compliance with relevant policies, procedures, and regulations
  • Recommend more secured credit instruments for new account in line with company policy
  • Collect account balance confirmation letters periodically.
  • Contribute to month end closings – financial reporting, expected credit loss & overdue reporting
  • Project work / Ad hoc initiatives such as revision of existing dunning process, organizing trainings for Sales/Operations teams.
  • Followed up with delinquent accounts to obtain funds, suggest collection recovery strategies and reduce aging balances.
  • Managed outstanding balance amounts by evaluating reports and determining collection statuses.
  • Performed semi-annual account credit limit reviews and credit increase review requests .
  • Obtained and interpreted financial statements to assist in credit limit reviews.
  • Obtained and reviewed credit reports, credit references and financial statements to establish credit limits for new accounts.
  • Responded to disputes calmly and applied logical, knowledgeable approaches to devise solutions.
  • Trained and mentored new department employees to maximize performance.
  • Optimized credit approval and collection processes, improving operational efficiencies by over [15]%.
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.


Credit Controller

SAMSUNG GULF ELECTRONICS
DUBAI
09.2012 - 03.2019
  • Financial reporting, Receivable and Risk Management for Egypt, Saudi, East and West Africa Checking with banks about potential customer credit rating for LC, SBLC & BG
  • Administer insolvency signals and aging analysis reporting
  • Prepare month end financial reports for Management on DSO over 31 days for top 20 accounts, watch list of high-risk accounts through graphs, and spreadsheets
  • Prepare bad debts provision for overdue accounts above 31 days and report to CFO
  • Follow up on claim accounts with insurance companies, cooperate with Legal team internal/external for claim requirements & closures
  • Develop plan for long-term AR & strengthen Risk Management
  • Responsible for applying the company’s credit practices and procedures as detailed in the policy
  • Manage credit limit/hedge management and revise credit limits based on the sales volume & payment pattern of the customer to enhance sales every quarter
  • Represent the company with CFO & Finance Manager at creditor meetings and bankruptcy proceedings
  • Calculate premium payable to credit agency based on the monthly credit limit usage of the customer
  • Project Work / Ad hoc initiatives such as delivery of the training on Samsung sales portal to target customers

Accounts Receivable Analyst

APPAREL GROUP FZCO
DUBAI
03.2011 - 09.2012
  • AR/Issue research based on the financial analysis & market report
  • Perform A/R Adjustments and update available credit limit to sales team Assist Logistics team for manual billing during month close and send shipping instructions for order releases
  • Analyse financial data and produce year-end financial accounts
  • Download SAP reports to monitor Credit and Accounts Receivable functions
  • Post all wire transfers to SAP against respective customer
  • Monitor A/R interface with bank Project Work / Ad hoc initiatives such as working with external Auditors to review accounts receivable reconciliation

Project Leader

INTERNATIONAL BUSINESS MACHINE ITPL
BANGALORE
06.2009 - 01.2011
  • (PMO BP project) Carry out maintenance of financial tracker of projects & accounts receivable ledger, identification of overpayments & adjustment of customer claims Charge back creation, copying, collating & distribution of charge backs Identify payment discrepancies and initiate dispute resolution process Ensure that client is billed as per the agreed contract and raise invoices on a weekly basis Administer invoices raised to the clients Lead preparation of DSO (day sales outstanding) debt report for all industrial sector projects Tracking & reconciliation of the financials of various projects Prepare and maintain accounts receivable register and other related accounting statements

Senior Project Accountant

HEWLETT PACKARD GLOBAL, E- BUSINESS OPERATIONS PVT. LTD
07.2006 - 05.2009
  • Perform end to end accounting for Technology Solution Group
  • Receive and verify invoices and requisitions for goods and services
  • Verify that transactions comply with financial policies and procedures
  • Prepare, verify, and process invoices for payments
  • Manage the weekly cheque run and virtual accounts
  • Compiled reports to show statistics, such as cash receipts, accounts payable and receivable, etc
  • Work closely with Process Design Team and SAP support Team
  • Responsible for training, documenting, testing, implementing, coordinating between teams for projects on process improvements
  • Project work / Ad hoc initiatives such as access Coordinator / SAP contact for new joiners.

Education

Training - Project Management Orientation, Harvard University E- Learning - Microsoft Excel

Eton Institute
Dubai

Pricing process) - undefined

Chartered Finance Manager - undefined

Indian School of Management & Studies. (Maharashtra Board
2017

B.Com - Accounting, Economics & Computers

Barkatullah University
2005

Skills

  • IT SKILLS
  • SAP, Navision tool, CDMS, Hyperón,
  • MS Excel, Word, PowerPoint, Power BI

Accomplishments

  • Overdue reduction of 30% for North Africa region by rectifying the credit term.
  • Collected 950K$ in 18 months from Saudi customer after being declared as default.
  • Rectified and re-established the shipping documentation process to secure receivables
  • Key contributor in implementing Internal process “Prioritization of Sales under Limited Credit” and in implementing new customer evaluation template for “Market Approach Project”.
  • Established region-specific local credit policy for Continental Tires MENA & Contitech Division in line with corporate guidelines
  • Defined new parameters for “Auto release orders” which led to 30% efficiency increase
  • Received appreciation for leading innovation project by creating a process ensuring all the legal documents of debtors are in place to comply with audit guidelines
  • Received appreciation for successfully implementing a cost - saving project on LC documentation that brought savings of 1000$ per LC
  • Received R & R Award for the best performance in Q1 2010

Timeline

Controller

CONTINENTAL MIDDLE EAST DMCC
03.2019 - Current

Credit Controller

SAMSUNG GULF ELECTRONICS
09.2012 - 03.2019

Accounts Receivable Analyst

APPAREL GROUP FZCO
03.2011 - 09.2012

Project Leader

INTERNATIONAL BUSINESS MACHINE ITPL
06.2009 - 01.2011

Senior Project Accountant

HEWLETT PACKARD GLOBAL, E- BUSINESS OPERATIONS PVT. LTD
07.2006 - 05.2009

Training - Project Management Orientation, Harvard University E- Learning - Microsoft Excel

Eton Institute

Pricing process) - undefined

Chartered Finance Manager - undefined

Indian School of Management & Studies. (Maharashtra Board

B.Com - Accounting, Economics & Computers

Barkatullah University
ROHIT MENONController