MuRtuza Abbas BhaigoRa

Prepare weekly and monthly sales reports for Senior Management.
Prepare Accounts Receivable aging report and ensure timely collections of receivables from clients and manage cash flow.
Prepare all Projects related External and Internal agent Commission report.
Lead audit processes and manage relationships with auditors.
Assist in financial forecasts and projections to support strategic Management in decision-making.
Communicate effectively with Vendors, clients, agents, Legal Team and internal departments regarding financial matters, including invoices, receipt payments, SOAs and financial discrepancies.
Identify financial risks and provide insight to the Senior Management and support in their decisions.

Prepare weekly and monthly sales reports for Senior Management, Prepare Accounts Receivable aging report and ensure timely collections of receivables from clients and manage cash flow, Prepare all Projects related External and Internal agent Commission report, Lead audit processes and manage relationships with auditors, Assist in financial forecasts and projections to support strategic Management in decision-making, Communicate effectively with Vendors, clients, agents, Legal Team and internal departments regarding financial matters, including invoices, receipt payments, SOAs and financial discrepancies, Identify financial risks and provide insight to the Senior Management and support in their decisions

Continuously refine the company’s credit policy and procedures.
Define and develop credit control objective that aligns with organizational goal and policy across retail and mixed-use portfolio.
Oversee credit risk assessment for new and existing customers ensuring balance between credit risk and business growth.
Evaluate financial statements, credit reports and payments history to evaluate customers appropriate credit limits and manage risk.
Work closely with Senior management to set and adjust company credit terms as necessary.
Ensure timely collection of outstanding receivables from 2000 units maintain a low delinquency rate.
Use forecasting techniques to anticipate and mitigate cash flow issues.
Analyse financial data to drive income generation and ensure regulatory compliance across operations.
Trained and coach new joiners to achieve developmental and organizational goals.
Ensuring improvement and accountability in the team.
Oversee debt collection processes and manage relation with business units and Group legal team.
Implement dispute resolution process to resolve outstanding credit issues effectively.
Personally handle escalated cases involving large accounts or sensitive clients’ relationships.
Collaborate with internal departments and finance team to ensure credit terms are balance with business objectives.
Work closely with Group legal team to review and enforce credit agreement and contract terms and ensure prompt resolution action on issues.
Provide regular reports on credit control performance, including Consolidate debtors report, days sales outstanding (DSO), aging reports, bad debts provision report and collection effectiveness.
Analyse the data to identify trends, potential issue and improvement opportunities in credit control processes, to present finding and recommendations to Senior Management to guide in strategic decision making.
Evaluate and implement technology, solutions to streamline credit control processes, including automation of invoicing, payment tracking and reminder notices for the outstanding.
Continuously assess credit control procedure for efficiency and effectiveness, implementing best practice as needed.
Continuously review reconciled complex accounts escalated by the team and monitor debtor balance to reduce days sales outstanding (DSO).
Ensure adherence to credit and collection policies and procedures within the team.
Ensure any request from Group audit, treasury, tax and IT team information and clarification is provided on time.

Continuously refine the company’s credit policy and procedures, Define and develop credit control objective that aligns with organizational goal and policy across retail and mixed-use portfolio, Oversee credit risk assessment for new and existing customers ensuring balance between credit risk and business growth, Evaluate financial statements, credit reports and payments history to evaluate customers appropriate credit limits and manage risk, Work closely with Senior management to set and adjust company credit terms as necessary, Ensure timely collection of outstanding receivables from 2000 units maintain a low delinquency rate, Use forecasting techniques to anticipate and mitigate cash flow issues, Analyse financial data to drive income generation and ensure regulatory compliance across operations, Trained and coach new joiners to achieve developmental and organizational goals ensuring improvement and accountability in the team, Oversee debt collection processes and manage relation with business units and Group legal team, Implement dispute resolution process to resolve outstanding credit issues effectively, Collaborate with internal departments and finance team to ensure credit terms are balance with business objectives, Work closely with Group legal team to review and enforce credit agreement and contract terms and ensure prompt resolution action on issues, Provide regular reports on credit control performance, including Consolidate debtors report, days sales outstanding (DSO), aging reports, bad debts provision report and collection effectiveness, Analyse the data to identify trends, potential issue and improvement opportunities in credit control processes, to present finding and recommendations to Senior Management to guide in strategic decision making, Evaluate and implement technology, solutions to streamline credit control processes, including automation of invoicing, payment tracking and reminder notices for the outstanding, Continuously review reconciled complex accounts escalated by the team and monitor debtor balance to reduce days sales outstanding (DSO), Ensure adherence to credit and collection policies and procedures within the team, Ensure any request from Group audit, treasury, tax and IT team information and clarification is provided on time

Organize fortnightly outstanding debtors meeting with stake holders.
Seek business head decision on action required targeting oldest and largest debts within specified time frame.
Managing 1600 units in Dubai Festival City and Al Futtaim Real Estate LLC targeting 95% collection each month end.
Successfully implemented Yardi system for all legal entities of Dubai Festival City and Al Futtaim Real Estate company LLC in 2019.
Maintain security deposit schedule.
Upon verification of final recovery charges is billed claims/refund to be processed and approved within agreed timeframe.
Coordinate all aspects of the accounts receivable cycle, reconcile statements of accounts, ensuring timely invoicing, receipt payments posting, process credit memos, bank reconciliation and resolution of any disputes.
Maintain and track all legal cases.
Arrange weekly meetings with Group legal to have updates for ongoing legal case and to immediate file legal case on new default customers for quick action.
Liaise directly with sales manager and CRM team by providing them with update information relates to sales clients, statement of account, payment plan terms and assist in title deed transfer.

Organize fortnightly outstanding debtors meeting with stake holders to seek business head decision on action required targeting oldest and largest debts within specified time frame, Managing 1600 units in Dubai Festival City and Al Futtaim Real Estate LLC targeting 95% collection each month end, Successfully implemented Yardi system for all legal entities of Dubai Festival City and Al Futtaim Real Estate company LLC in 2019, Maintain security deposit schedule, Upon verification of final recovery charges is billed claims/refund to be processed and approved within agreed timeframe, Coordinate all aspects of the accounts receivable cycle, reconcile statements of accounts, ensuring timely invoicing, receipt payments posting, process credit memos, bank reconciliation and resolution of any disputes, Maintain and track all legal cases, Arrange weekly meetings with Group legal to have updates for ongoing legal case and to immediate file legal case on new default customers for quick action, Liaise directly with sales manager and CRM team by providing them with update information relates to sales clients, statement of account, payment plan terms and assist in title deed transfer

Organize fortnightly outstanding debtors meeting with stake holders.
Seek business head decision on action required targeting oldest and largest debts within specified time frame.
Identify and resolve irregularities to ensure accurate financial data for 400 units in the Dubai Festival City Mall with 90% collection from trade debtors in 2015.
Recovering 18M of outstanding from ICM customers on old, disputed balances in first half of 2013.
Prepared and track all legal cases back log in 2012.
Initiated weekly meetings with Group legal to have updates on ongoing legal case and to immediate file legal case on new default customers for quick action.
Maintain security deposit schedule.
Upon verification of final recovery charges is billed claims/refund to be processed and approved within agreed timeframe.
Coordinate all aspects of the accounts receivable cycle, reconcile statements of accounts, ensuring timely invoicing, receipt payments posting, process credit memos, bank reconciliation and resolution of any disputes.
Evaluate prospective credit clients based on credit policy and recommend credit approval or disapproval to senior management.

Organize fortnightly outstanding debtors meeting with stake holders to seek business head decision on action required targeting oldest and largest debts within specified time frame, Identify and resolve irregularities to ensure accurate financial data for 400 units in the Dubai Festival City Mall with 90% collection from trade debtors in 2015, Recovering 18M of outstanding from ICM customers on old, disputed balances in first half of 2013, Prepared and track all legal cases back log in 2012, Initiated weekly meetings with Group legal to have updates on ongoing legal case and to immediate file legal case on new default customers for quick action, Maintain security deposit schedule, Upon verification of final recovery charges is billed claims/refund to be processed and approved within agreed timeframe, Coordinate all aspects of the accounts receivable cycle, reconcile statements of accounts, ensuring timely invoicing, receipt payments posting, process credit memos, bank reconciliation and resolution of any disputes, Evaluate prospective credit clients based on credit policy and recommend credit approval or disapproval to senior management

Provide detail accounting reports related to ongoing projects, ensuring accurate financial tracking and reporting.
Oversee and monitor monthly accounting entries for both local and overseas purchases, ensuring proper reconciliation of accounts payable reports with supplier’s statement of accounts.
Prepare and post monthly accrual related journal entries to ensure proper expense recognition in line with the financial period.
Personally managed to complete fixed assets capitalization process for all projects at Dubai Festival City in the system, collaborating with external consultants (TTS Page Kirkland, Australia) to ensure compliance and accuracy.

Provide detail accounting reports related to ongoing projects, ensuring accurate financial tracking and reporting, Oversee and monitor monthly accounting entries for both local and overseas purchases, ensuring proper reconciliation of accounts payable reports with supplier’s statement of accounts, Prepare and post monthly accrual related journal entries to ensure proper expense recognition in line with the financial period, Personally managed to complete fixed assets capitalization process for all projects at Dubai Festival City in the system, collaborating with external consultants (TTS Page Kirkland, Australia) to ensure compliance and accuracy

Provide monthly outstanding debtors ageing report, ensuring the accurate reconciliation of corporate clients and customers records.
maintained error-free outstanding statement of accounts (SOA) for timely distribution to clients.
Process credit applications, including performing credit card checks, and monitored customer credit limits to manage financial risk effectively.
Reconcile customer accounts and ensure statement of accounts and reports are authentic and error free.
Prepare reminder letters and notices to customers and Prioritize collections through calls and email.

Provide monthly outstanding debtors ageing report, ensuring the accurate reconciliation of corporate clients and customers records, Maintained error-free outstanding statement of accounts (SOA) for timely distribution to clients, Process credit applications, including performing credit card checks, and monitored customer credit limits to manage financial risk effectively, Reconcile customer accounts and ensure statement of accounts and reports are authentic and error free, Prepare reminder letters and notices to customers and Prioritize collections through calls and email

Process, verified, and posted receipts for goods sold or services rendered, ensuring accuracy in account records and timely updates of payments and transactions.
Conduct thorough research to resolve account discrepancies, ensuring that all issues were addressed, and discrepancies were corrected promptly.
Maintain up-to-date records of payments and account status, ensuring proper documentation of all financial transactions and their corresponding effects on accounts.
Prepare bank reconciliation and clearing unallocated items before month end.

Process, verified, and posted receipts for goods sold or services rendered, ensuring accuracy in account records and timely updates of payments and transactions, Conduct thorough research to resolve account discrepancies, ensuring that all issues were addressed, and discrepancies were corrected promptly, Maintain up-to-date records of payments and account status, ensuring proper documentation of all financial transactions and their corresponding effects on accounts, Prepare bank reconciliation and clearing unallocated items before month end

Responsible for cheque collection, preparing receipt payments and depositing the cheque in the bank.
Clearing and matching payments with the invoice.
Monitoring daily bank statements for cleared and bounce cheque.
Prepare bank reconciliation.
Follow-up payments from corporate clients, hospitals, medical clinics, pharmacies, wholesale and retail customers.

Responsible for cheque collection, preparing receipt payments and depositing the cheque in the bank, Clearing and matching payments with the invoice, Monitoring daily bank statements for cleared and bounce cheque, Prepare bank reconciliation, Follow-up payments from corporate clients, hospitals, medical clinics, pharmacies, wholesale and retail customers