Brian Koh

Self Driven, Highly motivated individual who aspires to leave no stone unturned. 

Mar 2021 – Present                          

Head of Department, Credit & Operations

(Hire Purchase / AutoFinance & Secured Lending)

Moneymax Financial Services Limited
 

• Review and Approve loan applications for Hire Purchase and Flooring Applications including extensions, percentile top ups, as well as ensuring compliance with regulatory guidelines and internal policies.
• Review property loan application with recommendations to Senior management for approvals.
• Review submission of documentation to various banks for Block Discounting for both Hire Purchase and Flooring. Work closely with Banks to ensure that Block discounting funds are disbursed timely to the company.
• Approve disbursement of payments and full settlements to various car dealerships, Banks and other financial institutions.
• Review preparation of Letter of Offer, Deed of Guarantees, and necessary documentation for acceptance of Property Loans offer, thereafter the liaison person for the company to touch base with the conveyancing solicitors to ensure that the legal aspects are looked into.
• Review and approve full redemption calculations for property loans for forwarding to solicitors.
• Management of Property Loan facilities that have become delinquent.
• Arrange for viewing and auction of sale of properties with valuers and auction agents. 
• Work closely with the Head of Sales, to ensure that Loans approved are converted to loan submissions for business growth.
• Ensure that credit and security documentation, when submitted, are in compliance with regulatory guidelines and internal policies for both Hire Purchase, Flooring Facility and Property Loans applications.
• Control movements of the credit files; ensure there is a robust process for the safe custody and control of all credit files and security documents;
• Ensuring all the pre and post disbursement conditions are in order and met accordingly to timeline.
• Regular brainstorming discussions with Senior Management and Group General Manager on the growth of the business model.
• Monitor all irregularities, past dues, documentation deficiencies, etc are followed-up.
• Manage a team of 6-8 Credit/Operations administrators that handle the day to day operations of the company.
• Deputise and lead the Business Unit whenever Senior Management are not in town

Mar 2018 - Mar 2021                      

Credit Administrative Manager

LEI SHING HONG CAPITAL (SINGAPORE) PTE. LTD.

• Recommending Credit Approvals for Property Loans as well as reviewing existing loans to be renewed.
• Management of Loan secured facilities that have become delinquent, reviewing their portfolios and putting forward recommendations to the management on the necessary recovery actions.
• Putting up recommendations for sale of properties, arranging for properties to be viewed together with Auction agent and eventually sold. 
• Negotiating repayment programmes with customer that has financial problems towards a repayment of the total outstanding owing to the company (including after sale), restructing them to the needs of the customers within guidelines of the company.
• Liaising with the panel of lawyers on recovery actions, issuing Notices of Repossession and filling Originating Summons and Affidavits.
• Full Redemption process when a customer redeems the property for refinancing to another Bank/Financial Institution or for sale purposes 
• Speaking to customers in regards to making payments to prevent their loan accounts being recalled by the company.
• Work on written off accounts to achieve team targets in terms of recovery dollars.
• Filing of Proof of Debt of the customers that are bankrupted.
• Preparation of monthly customer loan portfolio for the Management to reflect the monthly debt position.
• Computing the late payment charges and default interest to endure that the figures are similar to automated system.
• Prepare and reply customer's request for their account balance to their Auditors

Feb 2012 - Mar 2018                       

Credit Control & Accounts Receivable Manager

MANAGEMENT DEVELOPMENT INSTITUTE OF SINGAPORE

• Generation and prepare monthly student’s delinquent report. 
• Generation and prepare monthly trade creditors report. 
• Review that the deliquent report is followed up and any problematic deliquent account is flagged. 
• Instrumental in the formation and creation of the company's credit control collection
• team, credit policies. Currently leading and heading the Credit Control section. 
• Liaison person with panel of lawyers and outsource credit collectors on collection actions.
• Approving recommendations on filing Writ of Summons, Statutory Demand, & Judgment against debtors
• Review delinquent accounts past one year for recommendation of provision for bad Debts.
• Preform write off on accounts that are more than 3 years
• Resolve any issue that causes non payment of invoices
• Approved increase of credit limit for Corporate clients
• Approved and post Accounting Journal Entries into the account system. 
• Solve any system problems that the department faces when using the accounting
• Generation and prepare monthly student’s delinquent report. 
• Generation and prepare monthly trade creditors report. 
• Review that the deliquent report is followed up and any problematic deliquent account is flagged. 
• Instrumental in the formation and creation of the company's credit control collection team, credit policies. Currently leading and heading the Credit Control section. 
• Liaison person with panel of lawyers and outsource credit collectors on collection actions.
• Approving recommendations on filing Writ of Summons, Statutory Demand, & Judgment against debtors
• Review delinquent accounts past one year for recommendation of provision for bad Debts.
• Preform write off on accounts that are more than 3 years
• Resolve any issue that causes non payment of invoices
• Approved increase of credit limit for Corporate clients
• Approved and post Accounting Journal Entries into the account system. 
• Solve any system problems that the department faces when using the accounting system.
• Reviewing of invoice requisition to ensure it meets margin set and signing of invoices for Corporate clients. 
• Key personal alongside Finance director and accountant that liase yearly with external auditors on yearly Financial statement and reports
• Review and update internal policies on a regular basis, as well as an Internal auditor to ensure various departments are in line with the standard operating policies.
• Preparing monthly revenue recognition and University Fee payable for various programmes 
• Filing of various Government claims 
• Filing of Quarterly GST to IRAS. 
• Liason with the company secretaries to file yearly ARCA submission.
• Reviewing of monthly Bank & Inter Company Reconciliation from various staff to ensure that all entries and bank statements are accounted and entered into the system. 
• Approve monthly reconciliation of GL and Aging reports. 
• Generate and process Account Receivables invoicing to student or Corporate Members.
• Check and approved payment to Vendors prior to forwarding Cheques to signatories for signature. 
• Investigate and solve any accounting entries that are not matched. Together with the group accountant, prepare and submit monthly management accounts. 
• Approve Change of Package for students that transfer from one course to another.
• Approve and check financial calculations on any outstanding payment for Students that Withdraw from their courses. 
• Approve student whom seek to Defer their studies for a period of time. 
• Approve request for Refunds, Waiver of course fees and extension of payments from students. 
  
  
  Additional Job Scope:
  
  Event adviser for the MDIS Bursary and Scholarship awards since 2014.
  Project member of a new automated university system for the school. 
  
  Achievements obtained:
  Achieving a collection percentage of at 98% of the students invoice/billings currently compared to 75% average when I joined the company 6 years ago.

Senior Credit Management Executive (Asst Manager)

Maybank

• Accessing and approving / recommending loans for approval for both secured (Properties, vessels) and unsecured (Credit Cards, overdraft, loan, Hire Purchase)
• Management of unsecured facilities that have become delinquent, reviewing their files and putting forward recommendations to the management on the necessary recovery actions. Examples of products are Credit Lines, Credit Cards, Personal Loans, Hire Purchase.
• Giving instructions for reposition of vehicles from customers that have defaulted in their payment.
• Putting up recommendations for sale of vehicles, arranging for vehicles to be viewed and eventually sold. 
• Negotiating repayment programmes with customer that has financial problems towards a repayment of the total outstanding owing to the bank, restructing them to the needs of the customers within guidelines of the bank.
• Liaising with the Banks panel of lawyers for those accounts that the bank has appointed them to assist in either legal means or contacting.
• Speaking to customers with regards to making payments to prevent their accounts being terminated by the bank.
• Work on written off accounts to achieve team targets in terms of recovery dollars.
• Filing of Proof of Debt of the banks customers that are bankrupted.
• Conduct post morterms for the accounts that are newly opened and conduct house visits from time to time.
• Monthly and quarterly reporting on accounts that terminated, highlighting the specific provision and interest in suspense.
• Writing off accounts that are bankrupted.
• Part of the project team that automated the Non Performing Loan reporting to head office.

The Institutue Of Banking and Finance