Sivakumar Aruchsamy Email & Phone Number

Dubai, United Arab Emirates

• Setting objectives for the account receivable team that align with the Finance department goals.• Conduct credit checks and payment pattern of the customer.• Monitoring invoice submission process and managing timely collection of payments.• Maintains accounting ledgers by monthly reconciliation and posting monthly account transactions on time.• Negotiate with clients in non-payment cases, schedule meetings with top management on payment plan and coordinate with legal team on debt recovery.

Dubai, United Arab Emirates

• Handle daily A/P processes; supervise A/P clerks; manage vendor/supplier relations; and oversee the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions.• Prepare monthly payment schedule and ensure the payments as scheduled. • Reviewed vendor invoices and posting vendor invoices to proper general ledger accounts.• Managed the accurate and timely processing of invoices for large and multi-site organization. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved all issues.• Handle the credit cards, petty cash transactions and its expense posting.

Dubai, United Arab Emirates

• Assisted with the monthly financial statements general ledger, journal entries, and accounts payable. • Prepared monthly reconciliation of bank accounts and taken proactive/corrective actions on the deviations.• Processes and/or approves invoices for payment.• Prepare monthly payment schedule, aging reports and process the payments.• Attending meeting with vendors and resolving discrepancies such as payable backlogs, Mtrl short delivery/credit note, payment term etc.,• Handled credit card, E-Dirham card, petty cash transactions and its expense posting.• Worked with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.

Dubai, United Arab Emirates

• Supervises most activities in the accounts payable function as well as leads and directs the work of payable team.• Prepare monthly payment schedule (AED – 6.5 M per month) and coordinate with fund flow/treasury team.• Review A/P aging reports and guide payable team to disburse payments in a timely manner.• Ensures timely payments of vendor invoices and expense vouchers and maintains accurate records and control reports.• Review all invoices, reconciliation & supporting documents for appropriate documentation and approval prior to payments.• Attending meeting with vendors and resolving discrepancies such as payable backlogs, Mtrl short delivery/credit note, payment term etc.,• Communicate with vendors and internal department regarding payment status as necessary. • Coordinate with SAP team in the area of payable related report generation/modification.

Dubai, United Arab Emirates

• Manage the accurate and timely processing of up to 1,500 invoices (AED – 1.2 M) per month for large, multi-site organizations.• Assess and close A/P sub-ledger on a monthly basis, validate content and resolve various issues.• Prepare monthly payment schedule and ensure that payments are done as per the schedule. • Examine, analyze, and resolve inventory disputes and working closely with consignment suppliers. • Maintains accurate stock status in ERP in order to plan our delivery schedules for each branch. • Coordinate with purchase department in the area of economic order quantity (EOQ) as well as re order level.• Assist in category segregation of stock items as required inventory control team.• Update the stock status to purchase department on periodic basis for efficient procurement. • Visited Qatar for one month in order to setup initial inventory operations of the new branch.

Coimbatore Area, India

• Acted as an independent head of receivables management and enhanced the fund flows.• Prepares receivables turnover ratio, average collection period ratio, Age wise Analysis of Sundry Debtors and take necessary action to reduce receivables outstanding.• Handled disputed accounts and negotiating payments.• Handled the sales returns & tax reversal. • Assisted in the implementation of lead time, cycle time and other cost control process. • Coordinate with various departments marketing, production, and sales to resolve the sales returns and accounts receivables.