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