Nelson Ougo
@nelsonougo
Game- Changing and Integrity-driven leader in credit management with 10+ years of impressive record.
What I'm looking for
🎯 Representing the caliber of corporate credit proficiency that successful operational performance requires.
➡️ WHO I AM:
I'm a strategic Credit Control and Accounting professional with over 9 years of experience in providing leadership in managing business risk by driving credit control and collections operations while strengthening credit and risk policies and ensuring compliance to established standards and regulations.
▶️ WHAT I DO:
Recognized for increasing the company’s profit, reducing bad accounts and fortifying the credit policies. To cut down bad accounts, I formulate polices and control measures that address problems on customers’ delayed payments and total abandonment of accounts. In order to strengthen credit policies, I religiously monitor the credit processes and ensure all credit guidelines are adhered to.
▶️ HOW I DO IT:
Known as a strategic relationship-builder, with an aptitude for cultivating and fostering relationships with key business partners and vendors and presenting financial data in easily understood formats.
I am strong in credit analysis, developing and strengthening credit systems and structures that manage risk in the pursuit of opportunities while balancing expectations towards building a sound financial management.
▶️ THE BOTTOM LINE . . . I DELIVER.
☛ Significantly trimmed outstanding branch premium from KES 700M (2015) to KES 300M in 2019, and renegotiated debtor days from 90 days to 55 days.
☛ Reduced Ageing book from $2M to $500k FY 2022
☛ Reduced Bad debts provision from $700k to $150k FY 2022.
☛ Slashed debt down to KES 50M from KES 100M and escalated problem accounts to profit center managers, and defaulting accounts to legal department and debt collectors.
▶️ SPECIALTIES
📌 Budgeting and Forecasting
📌 Financial Analysis
📌 Cost Control
📌 Credit Policy Drafting
📌 Debt recovery & Management
📌 Training
📌 Reconciliation
📌 Financial Management
📌 Management Reporting
📌 Customer Service
▶️ Technologies:
🔷 Sage Pastel
🔷 QuickBooks
🔷 Sun Systems
🔷 Oracle
🔷 TurnQuest
🔷 Agilis
🔷 Acti-Sure Insurance Systems.
☑ I am an analytical thinker who pays close attention to detail and is high in compliance. I am an able team leader and decision maker with outstanding communication and presentation abilities.
▶️ MY NEXT STEPS:
I am excited about locating my next career challenge in either Credit Management or Collections Management senior roles where I can support Business Entities to Manage Debts Professionally!
I can be reached at [email protected]
Let's chat!
Experience
Work history, roles, and key accomplishments
Team Leader Credit Control
Wananchi Telecom Limited
Accountable for delivering targeted performance for the Credit Control Section within the group (Kenya, Uganda, Tanzania, Mauritius & Malawi), taking charge and proactively driving the attainment of the Key Performance Indicators of the section, managing the credit and collections function, ensuring timely and accurate collections of outstanding invoices, and minimizing bad debt losses.
Head of Credit Control
Geminia Insurance Company Limited
Oct 2019 - May 2021 (1 year 7 months)
Managed a team and budgets, improved cash flow, reduced disputed accounts, and improved customer relationships. Developed credit control policies and procedures, oversaw premium collections, and managed intermediary accounts.
Accountant- Credit Control
APA Insurance Limited
May 2015 - Oct 2019 (4 years 5 months)
Significantly reduced outstanding branch premium and renegotiated debtor days. Oversaw debtor account reconciliation, credit control reports, and loan portfolio tracking. Revitalized staff performance through training and improved processes.
Acting Credit Controller
Resolution Insurance Company Limited
Jun 2014 - Jun 2015 (1 year)
Reduced debt, optimized cash flow, and coordinated the aging of debtors' ledger. Led financial accountability and maintained a solid accounting structure. Escalated problem accounts and facilitated debt recovery.
Accounts Assistant - Credit Control
Resolution Insurance Company Limited
Nov 2013 - Jun 2014 (7 months)
Boosted revenue gains through debt collection and payment plan negotiation. Delivered demand letters and facilitated debt recovery. Reduced delinquent accounts through monthly follow-up and collection of bad debts.
Credit Controller
Wananchi Telecom Limited - Kenya & Mauritius
May 2021 - Dec 2022 (1 year 7 months)
Responsible for reducing ageing book, bad debts provision, and improving the department's operations. Streamlined operations, improved relationships with Account Managers, and achieved an average collection rate of 98%. Promoted to Team Leader position.
Education
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Nelson hasn't added their education
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