Finance Officer-Incentive

1 week ago

Pune, Maharashtra, India UPS Full time ₹ 3,00,000 - ₹ 6,00,000 per year

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Explore your next opportunity at a Fortune Global 500 organization. Envision innovative possibilities, experience our rewarding culture, and work with talented teams that help you become better every day. We know what it takes to lead UPS into tomorrow—people with a unique combination of skill + passion. If you have the qualities and drive to lead yourself or teams, there are roles ready to cultivate your skills and take you to the next level.

Job Description:

Team Name: BILLING - INCENTIVE

Title: F&A Finance Officer

Shift timing: 06:00 PM to 03:00 AM IST

Seasonal (temporary) positions have a duration of 6 months.

Job Summary

The Incentive Coordinator is responsible for making payments for all contractual deferred incentives, along with calculating and refunding any amounts owed for incentive issues via the Incentive Rebate Resolution process. The Incentive Administrative Assistant must be highly proficient in using MS Access and Excel. Additionally, he/she communicates information and clarification to site management, upper management, Pricing, F&A, Business Development, and occasionally customers.

Job Duties

Processing Contractual Payments

  • Calculates and processes deferred incentive payments within the parameters of the contract on file.
  • Calculates and processes claims payments within the parameters of the contract on file.
  • Calculates and processes Guaranteed Service Refunds (GSR) performance rebates within the parameters of the contract on file.
  • Monitors assigned contracts to ensure payments are processed within the contractual payment terms.

Processing Incentive Rebates

  • Identifies specific issue with weekly and deferred incentives.
  • Works with internal and external customers to ensure incentive issue is resolved.
  • Calculates and processes incentive rebates to remedy the impact of the identified incentive issue.
  • Explains in detail the calculation methodology to the sales force so they can present to the customer.

Accruals/Reversals

  • Calculates estimated future deferred incentive obligations based on current volume/revenue data Enters. accrual amounts in Incentive Administrator.
  • Monitors and maintains timing of accrual reversals to coincide with payments.
  • Explains significant variances in accruals and payments.

Job Specific Responsibilities

  • Controls and assigns incoming incentive contracts.
  • Creates various journals for the General Ledger.
  • Manages vendor number requests.
  • Calculates various special projects.
  • Imports and balances TSOA accrual information.

Pre-requisites

  • Bachelor's Degree – Finance & Accounting (preferred).
  • Eye for detail and should meet stiff deadlines.
  • Have an excellent attendance track record.
  • Self-Driven.
  • Influence and Persuasion.
  • Strong Customer Orientation, understanding customer services issues.

Additional Notes:

  • Once the employee is selected for the position, he/she cannot cancel the job transfer.
  • If the employee who has been selected has any pre-approved leaves for the later months, then it must be approved again by the new team Supervisor/Manage.

Employee Type:

Seasonal (Seasonal)

UPS is committed to providing a workplace free of discrimination, harassment, and retaliation.

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