Mohammed Al-Otaibi

Experience

• 

  Riyad Bank

  Jan 2005 - Jan 2007

  Relationship Manager

  •Policies, Processes & Procedures: Follows all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner. •Day- to-day operations: Follows the day-to-day operations related to own job to ensure continuity of work. •Sales and Relationship Management: Builds relationships with government clients that are buyers of financial services through visits to major prospects and existing customers. •Business Development: Identifies revenue opportunities to actively sell Corporate Banking products to government/private customers in order to support the sales targets. •Credit Approval: Reviews CAs and approve them as per authority levels in order to ensure quality and completeness of all CAs before sending them to Credit for CA Review. •Reporting: Assists in the preparation of timely and accurate reports of to meet company and department requirements, policies and standards. •Related Assignments: Performs other related duties or assignments as directed. Show less

• 

  ABB

  Jan 2010 - Jan 2018

  - Managing collections team ensuring compliance for internal policies, procedures and guidelines, team performance.- Perform periodic reporting and analysis on aging, accounts past due and key metrics that measure collection efforts such as Key Performance Indicators (KPI’s), to be distributed to the business on a monthly basis.- Define collection strategy & rules and implement/modify after informing the business of the defined strategy/changes.- Maintenance of Business Partner master record- assignment of collection specialist, substitution and reassignment.- Debt reviews. - Support collection specialist, if efforts remain unsuccessful.- Monthly meetings with LBUs to discuss overdue receivables and if required to contact customer directly with mutual agreement. Collection strategy defined/changes proposed to the existing strategy also to be discussed in this meeting.- Provide collection specialists with monthly cash collection targets at the beginning of the month.- Monitoring of timely and correct resolution of customer disputes.- Support Finance manager to prepare and sign off annual Service Level Agreement (SLA’s), with the business. - Quarterly visits to ABB locations to provide any training needs in business as well as discuss progress with cash collections, discussing appropriate changes and enhanced processes to be implemented .- Recommend changes to doubtful debts provisions, and write off of bad debtsquarterly reporting to group office.- Attend country credit committee meetings and present recommended customers to be ‘on hold’ due to insufficient credit limit or out of trading terms.- Provide monthly collection forecast to the business units. Show less - Managing 3rd party customers’ risk exposure, optimize working capital requirements, encourage timely collections, and mitigate risk to avoid losses, while assisting the divisions and group in achieving their business objectives.- Responsible for providing education and training pertaining to credit management and related processes to both country finance and sales personnel ensuring an appropriate level of awareness on credit risk, payment terms and conditions and tools for risk mitigation.- Reviews of the credit exposure for existing customers in situations such as, but not limited to: Adverse information about the customer, Overdue & Disputes.- Maintain customer master data in SAP, including setting up new customer accounts, maintaining credit terms, blocked accounts, etc.- Identify reasons for non-payment of overdue debt, utilizing reason codes to monitor trends and performance of Business and across company as a whole.- Debt Reviews will take place on a monthly basis, include; Business Management, Business Controllers and appropriate Sales personnel/Project Managers.- Review of overdue items: •Debt overdue > 60 days will take highest priority for review.•Known reasons for non-payment of overdue debt.•Actions taken to recover the debt.•Current payment promises/expected date of receipt.•Agree responsibilities for future action.•Doubtful / bad debt provision.- Prepare the general allowance of bad debts calculation basis on the portion of trade accounts receivables that is expected to be uncollectible in the future.- Aggregate and ensure availability of the following information on a monthly basis or at least on a quarterly basis: •Credit exposure per customer. •Overdue per customer, and follow up status.•Disputes and root cause analysis.•DSO per customer. •Payment Terms and conditions per customer.•Provisions for Bad Debts and Write-offs per customer. Show less • Collection and updating of bank master data in SAP for third party suppliers• Performing the payment run on a regular basis• Issuing adhoc payments through cheques /bank transfer for urgent cases• Monitoring advances paid to suppliers while liaising with project controllers for advances/retentions related to progress billing and clearing offsetting items• Processing of invoices in Basware,PO related, cost centers & sending of invoices to business units for approval• Reconciliation of third party suppliers- requesting invoices from Vendors• Helping in GRIR clearing & open balances clearing-requesting statement of account of the supplier• Support in booking invoices• Assist in period end closing• Actively cooperate with business controllers and divisions to improve closing activities and reporting quality Show less

  • Country Collections Manager

    Jan 2016 - Jan 2018

  • Senior Credit Manager

    Jan 2013 - Jan 2016

  • Team Leader

    Jan 2012 - Jan 2013

  • Financial Controller

    Jan 2011 - Jan 2012

  • Senior Accountant

    Jan 2010 - Jan 2011
• 

  Zakat, Tax and Customs Authority

  Dec 2018 - now

  •Participate in the design and implementation of the strategy and roadmap to support its alignment with the overall strategy.•Develop plans and contribute to setting goals that support comprehensive strategic plans.•Collaborate with stakeholders to identify necessary projects in order to meet future business needs.•Lead and drive the achievement of the strategy, its objectives and key performance indicators within the framework of the assigned responsibilities and authorities.•Preparing periodic reports on performance progress and results to be shared with relevant stakeholders in line with reporting requirements.•Participate in the budgeting cycle and contribute inputs during the budgeting process.•Ensure effective budget use and accurate reporting on progress and challenges encountered.•Studying and proposing the implementation of initiatives that would leave a positive financial impact and mitigate financial and operational risks.•Recommend development improvements and direct the implementation of procedures and controls covering all areas of activity so that all relevant procedural or legislative requirements are met and high quality and cost-effective results are achieved.•Motivate subordinates and contribute to identifying opportunities for continuous improvement of systems, processes and practices, taking into account leading practices, improving business processes, reducing costs and improving productivity.•Monitor daily activities to ensure they comply with established policies and procedures.•Reviewing international best practices in financial compliance standards in order to evaluate and approve the compliance strategy for audits and collections, including a detailed work plan.• Reviewing the external legislative environment (tax rules and regulations), facilitating the identification of regulatory requirements and obligations that can be applied to audits and collections, and evaluating the implications of policies and procedures. Show less

  • Senior Consultant- Governance & Compliance

    Jan 2023 - now

  • Director - Collection and Audit

    Dec 2018 - Dec 2022