Hatim Electricwala

AR (Accounts Receivable) Specialist with 10+ years of experience leveraging accounting as a competitive edge within organizations ranging across diverse industries such as retail, manufacturing, IT, oil & gas.

Highly efficient and accurate in supporting accounting activities to increase cash collections and reduce credit terms by implementing new processes.

Fugro Middle East / AR Specialist

Nov 2018 - Present, Dubai

● DSO (Days Sales Outstanding): Slashed average DSO from 120

days to <45 days, significantly improving overall cash flow.

● Aged Receivables: Improved aged receivables by reducing from

$10m to $3m. Revamped A/R procedures and filing systems,

created spreadsheets to enhance tracking of receivables,

followed up on open accounts and negotiated with clients during collection calls.

● Financial Controls: Saved thousands of dollars by creating a system to identify duplicate credits and successfully reduced

DRO on a monthly basis.

● Monthly Close: Delivered accurate and on-time monthly financial closing for A/R functions and provided support to GL accountants for further closing.

● Billing Automation: Automated previously manual invoicing processes, accelerating customer payments and improving billing accuracy by more than 15%.

● Efficiency Gains: Created new procedures for GL and A/R functions that nearly doubled efficiency and enabled accounting workload expansion from 2 to 4 entities.

● Customer Relations: Nurtured healthy customer relationships to ensure timely payments. Responsible for 60+ customers across Dubai & Qatar.

Ipisys IT Infrastructure LLC / AR & AP Officer

Feb 2014 - Oct 2014, Dubai

● Customer Success: Performed daily debt collection with account management responsibilities. Overseeing 70+ customers with an increase to 100+ in 3 months

● Timely Reporting: Provided AR updates to the firm's management committee and finance department on a monthly basis

● Errors & Accuracy: Reconciled ledgers for customer accounts and investigated errors for discrepancies in the system on a monthly basis

● Collections: Managing debt recovery on the ledgers for 360+

days outstanding to improve cash collections

● Process & Policy :Created new policies and procedures around

AR, cash flow and reconciliation processes, reducing average invoice processing time by 20% and improving overall performance

Atraco Industrial Fzco / General Ledger Accountant

Oct 2013 - Jan 2014, Dubai

● Errors & Discrepancies: Verified accuracy of incoming invoices,

discovered errors that saved an average of $10,000 in overpayments annually

● Skills Improvement: Learned practical use of SAP for accounts payable, beating processing targets by 20%

● Procurement Control: Researched and proposed process optimizations by identifying redundant steps related to purchase order approvals which resulted in a 20% reduction in processing times

● Quality Control: Documented and reviewed standard procedures in order to analyze and improve invoice processing times to conform with audit compliance requirements

Mumbai University / Master’s in Commerce

April 2012 - Feb 2013, India

MMK College / Bachelor’s in Commerce

Jan 2008 - Mar 2011, India

Rizvi College / Intermediate

Apr 2005 - Mar 2007, India

St.Theresas / S.S.C Schooling

Feb 2003 - Mar 2005, India