John Kavanagh Email & Phone Number

London, England, United Kingdom

The role involves:- Splitting and allocating ownership of our 4000 accounts- Managing all key and global accounts. When I took these over, I worked through each to bring historic balances up to date and establish standard operating procedures going forward- Assist in setting up formal Credit Control processes and ensuring monthly cash targets are met- Ensuring key high value clients are followed up throughout the month to ensure payment- Liaising with key internal sales and account managers to ensure resolution of queries- Reconciling debtor ledger accounts on a monthly basis- Preparing and posting account adjustments- Escalating accounts who consistently fail to follow terms - Monthly ledger review - Preparing daily rolling cash position and monthly aged debt reportsI also manage debt collection in a new entity (International Arbitration Center/IAC). I established a debt collection mailing system on Priava software, and am now taking over and clearing debts on their ledger, and following up on new debts.

The role involved:- Clearing and reducing a commercial regional ledger of 600 clients with a value of £10 million which was months out of date. I achieved the debtor level target required by our April year end close.- As required, liaising with negotiators and partners on the best approach to specific accounts and with company solicitors with regard to outstanding debts- Compiling monthly Board Report - Processing adjustments- Liaising with our sales ledger department and client to investigate and resolve allocation errors

London, England, United Kingdom

The role involved:- Clearing the franchise accounts prior to a contract with Starbucks coffee chain ending, including taking actions to tackle the most difficult clients that led to immediate improvements. - Keeping on top of current franchise debt, posting and allocating all cash receipts.- Drilling down into historical data to correct misallocations - some dating back to 2014 - of client payments and correct the ledgers to show actual overdue amounts.- Liaising with Starbucks representatives embedded in Oliver Marketing and with personnel within Starbucks to agree the best strategies to achieve results in the very tight timeframe.

London, England, United Kingdom

As this was a contract role filling for a permanent staff member whose start had been delayed, I had to hit the ground running with very little support, working with departments to reconcile historical ledgers and establish starting points for billing. The role involved:- Raising all monthly sales ledger trade and non-trade invoices.- Reconciling sales ledgers on monthly basis. As part of this, I identified a problem with our clients' self-billing system, which failed to highlight mismatches between amounts paid and amounts due. With the finance manager, I set up and ran a project to develop a new billing system that addressed the problem. As part of the project, we met with relevant departments to explain and ensure implementation of the new system.- Producing and sending monthly statements.- Ensuring ledger debts are collected in accordance with our terms and escalate where necessary- Liaising with other departments and management to resolve ongoing disputes.- Maintaining up-to-date notes to the accounts on Sun Accounting System.- Working closely with cash management to ensure cash receipts were correctly allocated.

Rio De Janeiro, Brazil

The role involved:- Establishing and running business-focused intensive immersion courses in English for finance and business professionals. - Offering residential courses of between three and ten days duration- Implementing and running the company's billing and aged debtor collection process - Ensuring aged debt was cleared and bad debts escalated where necessary

London, England, United Kingdom

The role involved:- Preparing monthly cash flow forecast to accurately report on expected cash collection.- Ensuring cash collection targets were met for monthly Airline payment deadline. - Ensuring sales ledger debts were collected in accordance with our credit terms and posting and allocating all cash receipts. As part of this task, I had sole responsibility for establishing and running two projects to get significant debts under control: o A growing debt of £100k caused by declined transactions on credit card sales. This project was noted by the Financial Controller for clearing the historic balances within three months. o A problem client's overdue balance of approximately £95k. This project was noted by the Chief Financial Officer for recovering the balance within four months. - Preparing and processing the weekly and monthly direct debit payments through online banking.- Achieving set debtor days and aged debt targets, where clients were consistently failing to adhere to signed credit terms. - Investigating and working with sales directors to ensure all queries were dealt with and escalated where necessary.- Providing a quarterly potential bad debt to financial accounting to enable the calculation of provision for bad debts. Escalating potential bad debt where necessary to our legal department. - Preparing ad hoc reporting to Operations and Directors as and when required.

London, England, United Kingdom

The role covered a period of transition from Access Accounts to Open Accounts. I had sole responsibility for a project that involved tracking and analysing overall debt, debtor days and forecast receipts during this period.Other responsibilities included:- Ensuring that the monthly cash collections were accurately forecast and achieved- Continually updating the cash collection position and giving daily progress and forecast reports- Ensuring that company targets relating to debtor days and percentage aged debt were achieved.- Ensuring that all clients were aware of their credit terms and remained within those terms- Escalating all overdue accounts where necessary and taking the required action to obtain payment- Monitoring potential bad debts and taking the necessary action to maximize recovery. As part of this, I had sole responsibility for a project to bring one division's bad debt under control. Working closely with Operations Management and clients I determined reasons for non-payment and initiated new Standard Operating Procedures to ensure future compliance.- Preparing accurate reporting for the Directors and Operations Management- Developing effective working relationships with Operations and the client to ensure that disputed debts were resolved promptly- Ensuring that all communications with the customers were logged and that the department had clear follow up procedures for subsequent contact- Processing all accounting entries relating to cash received and associated control accounts- Reconciling and maintaining all nominal accounts relating to sales ledger control accounts

London, England, United Kingdom

The role involved- Clearing old balances and working forward to clear more recent debt- Sole responsibility for business ledgers of one division, working through it to highlight persistent problem accounts- Sole responsibility for resolution of long-term debts for another division, where I uncovered erroneous postings and duplications. I then produced correcting journals and write offs with backup for posting by the relevant departments. I also liaised with departmental managers to establish sources of errors and agree procedures to prevent them going forward- Issuing final demands where necessary, and if debts remained unresolved, escalating with all supporting documentation to our legal department to commence proceedings

London, England, United Kingdom

The role involved managing two key projects:o Winding up Mitsubishi's Food department for transfer to new owners, Princes Foods, Rotterdam. This involved reconciling, clearing and purging our accounts, and transferring the agreed balances to Princes Foodso Migration of ledgers from Mitsubishi’s in-house ‘matic’ accounting system to SAP accounting system. This involved the reconciliation of the migration suspense account and ensuring all accounts on SAP reflected a true statement of accounts.Other responsibilities included:- Ensuring all trades were accounted for and reconciled on SAP on a daily basis.- Processing all accounting entries relating to Food & Machinery departments.- Providing P&L position on individual and departmental trades on daily basis.- Resolution of all accounting queries within Food and Machinery departments.- Advising head traders on most efficient accounting treatment for new business.- Preparation of monthly stock reconciliations for Food and Machinery departments, future reconciliations and overdue reports (Debtor balance reduction)- Monthly review of head traders’ ledgers with Food & Machinery departments.- Assisting in preparation of half-year and year-end accounts

London, England, United Kingdom

During my time in the role, Price Waterhouse merged with Coopers & Lybrand to create PwC. I managed a project to support in the following ways: o Reconciling the transfer of fixed asset data for both companies. This involved reconciling legacy accounts for both companies, ensuring all were up to date and their balances reflected a true and fair value. I also ensured that when assets depreciated below a certain value they were written off. o Amending the many incorrectly mapped account codes, amending erroneous postings and ensuring that the overall fixed asset report was correctI also managed a project that involved liaising with senior management across the company to implement the recommendations stemming from a company-wide internal audit. I developed a company-wide standardised journal referencing system which ensured all balance sheet codes had clearly defined owners. I also drafted associated internal policy documents to support the system.Other responsibilities included:- Fixed Asset reporting for PWC UK, including the establishment and continuing upkeep of the monthly Fixed Asset note to the financial accounts for the UK firm- Providing analysis reports for specific projects and cost centres should major movements between periods occur or should the validity of the figures be queried- Reconciliation of suspense and inter-entity codes on a quarterly basis and payroll interface through liaison with outsourced agents based in Dublin.The role of Assistant Accountant in Cash Management department included:- Reporting monthly revenue for the management accounts of the UK firm and the monthly expenditure which took place within the department- Managing foreign exchange payments and receipts and foreign exchange contracts for the department- Completion of the company's cash control accounts and national service company cash accounts in both sterling and foreign currencies preparatory to their reconciliation with bank statements in SUN accounts.

Aat, Accounting

Leaving Certificate (A-Level Equivalent), Leaving Certificate (A-Level Equivalent)

Accountancy, Mathematics, Economics, English, Irish, History, Technical Drawing.