▷ (Immediate Start) Finance Superintendent, Credits

Job Description

PURPOSE OF THE JOB:

Pricing, Claim accounting, IFOR updating, Credit insurance, remittance accounting, Sales return, New Selling Arrangement, Balance confirmation,

Key Focus Areas

- Pricing updating for customer.
- Accounting for claims
- IFOR updating.
- Credit insurance.
- Remittance
- Sales Return
- New selling Arrangement
- Balance confirmation
- Charging of interest

PRINCIPAL ACCOUNTABILITIES:

- Pricing updating for customer.
- Checking the correctness of the scheme/discount updated in the system
- Checking of invoices post accounting for schemes & discounts to check the correctness of the scheme & discount updating
- Checking of invoice factor on any amendment to the VAT rate
- checking of tax rate for the relevant customers
- Reconciliation of monthly invoices with the schemes & discounts provided by marketing
- Answering to marketing for the queries relating to above
- Accounting for claims
- Comparing the schemes/discount papers received against the amount ascertained
- Analyzing the actual scheme/ discount with the budget
- Ascertaining the monthly provision against sales made and intimating to accounts team
- IFOR updating
- Verifying the correctness of the IFOR limit & period updated
- Preparation of the MC request for IFOR limit & period received from marketing
- Checking the criteria of customers having balances more than 6 months, balance confirmation defaulters and intimate to marketing
- Credit insurance
- Providing data pertaining to the customers falling under overdue
- Monitoring the movement of the customers both fallen due for payment as well new customers falling under the overdue category
- Ensuring the necessary documents are sent to the insurance company for lodging notification/claim
- Remittance
- Ensuring that remittance is done on the same day of the receipt
- Monthly report to the marketing of the collections made branch-wise
- Sales Return
- Checking of the invoice factors pertaining to the invoices for the last SKUs sold in the past
- Checking whether the material has been physically received at the warehouse and manual GRN has been taken at the warehouse.
- Checking whether the sales return has been duly authorized
- Checking the correctness of the Sales return value manually computed and passing entry to the difference of the system generated and manual amount computed.
- New Selling Arrangement:
- Ensuring all new customers are created in the system after duly authorized
- Check whether the required documents are submitted for creation of a new customer
- Periodically review whether any change in the constitution of the party has been reported to ensure that new customer code is created for them
- Balance confirmation:
- To ensure that balance confirmation is sent to all the parties on a monthly basis and the proof of sending the same is maintained for records
- Periodically take it up with marketing on the pending balance confirmation from the customers.
- To resolve the issues highlighted in the balance confirmation by the parties such as the pending credit notes, excess amount debit etc.
- Charging of interest:
- Charging of interest on the overdue balances of the customers on a monthly basis
- To check periodically all variables for computing sales return are considered in SAP
- Answering to marketing queries on the interest computation

Back office for procurement / Operations function

- Approvals in place as per CASP / DASP / SOP/MASOP/ Credit Policy related to above areas

Vendor management

Annual business Plan

- Providing data for claims accounted during the year
- Providing data for average invoice factor billed during the year
- Providing data for customer details and the remittance made during the period

MIS Reporting

- Credit note accounted and pending accounting from finance end

People Development

- Training in the areas of people skill to liaison with marketing team
- SAP Training

Key Success Factors

- Error free schemes & discounts updating for customers
- Timely accounting for claims
- Error free IFOR updating for customers
- Timely sales return accounting for customers
- Timely charging of interest for overdue customers