Finance Superintendent Credits
Finance Superintendent Credits
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Job Description
PURPOSEOF THE JOB:
PricingClaim accounting IFOR updating Credit insurance remittance accounting Salesreturn New Selling Arrangement Balance confirmation
KEYFOCUS 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.
a) Checking the correctness of the scheme/discountupdated in the system
b) Checking of invoices post accounting for schemes& discounts to check the correctness of the scheme & discount updating
c) Checking of invoicefactor on any amendment to the VATrate
d) checking of tax rate for the relevant customers
e) Reconciliation of monthly invoices with the schemes& discounts provided by marketing
f) Answering to marketing for the queries relating toabove
- Accounting for claims
a) Comparing the schemes/discount papers receivedagainst the amount ascertained
b) Analyzing the actual scheme/ discount with thebudget
c) Ascertaining the monthly provision against salesmade and intimating to accounts team
IFOR updating
a) Verifying the correctness of the IFOR limit &period updated
b) Preparation of the MC request for IFOR limit &period received from marketing
c) Checking the criteria of customers having balancesmore than 6 months balance confirmation defaulters and intimate to marketing
Creditinsurance
a) Providingdata pertaining to the customers falling under overdue
b) Monitoringthe movement of the customers both fallen due for payment as well new customersfalling under the overdue category
c) Ensuringthe necessary documents are sent to the insurance company for lodging notification/claim
- Remittance
a) Ensuringthat remittance is done on the same day of the receipt
b) Monthly report to themarketing of the collections made branchwise
- Sales Return
a) Checkingof the invoice factors pertaining to the invoices for the last SKUs sold in thepast
b) Checkingwhether the material has been physically received at the warehouse and manualGRN has been taken at the warehouse.
c) Checkingwhether the sales return has been duly authorized
d) Checkingthe correctness of the Sales return value manually computed and passing entryto the difference of the system generated and manual amount computed.
- New Selling Arrangement:
a) Ensuringall new customers are created in the system after duly authorized
b) Checkwhether the required documents are submitted for creation of a new customer
c) Periodicallyreview whether any change in the constitution of the party has been reported toensure that new customer code is created for them
- Balance confirmation:
a) Toensure that balance confirmation is sent to all the parties on a monthly basisand the proof of sending the same is maintained for records
b) Periodicallytake it up with marketing on the pending balance confirmation from thecustomers.
c) To resolve the issueshighlighted in the balance confirmation by the parties such as the pendingcredit notes excess amount debit etc.
- Charging of interest:
a) Chargingof interest on the overdue balances of the customers on a monthly basis
b) Tocheck periodically all variables for computing sales return are considered inSAP
c) Answeringto marketing queries on the interest computation
Back office for procurement /Operations function
Approvals in place as per CASP / DASP / SOP/MASOP/Credit Policy relatedto above areas
Vendor management
Annualbusiness 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 duringthe period
MIS Reporting
Credit note accounted and pending accounting fromfinance end
People Development
Training in the areas of people skill to liaison withmarketing team
SAP Training
Code of conduct and ensuringcompliance of statutory norms
KEYSUCCESS FACTORS:
Errorfree schemes & discounts updating for customers
Timelyaccounting for claims
Errorfree IFOR updating for customers
Timelysales return accounting for customers
Timelycharging of interest for overdue customers
INTERNALLINKAGES:
Asst. Finance Manager Headof Finance AEs ASMs
EXTERNALLINKAGES:
WDs
Requirements
Requirements
ROLE
Finance Superintendent Credits
LEVEL
6
LOCATION
Chennai Head Office
EXPERIENCE
1 years of experience in credits or costing
Education Qualification
- CMA Pass out candidates passed out in 1st attempt only 2020 /2021 / 2022 /2023 batches only
Industry
- FMCG Manufacturing (Good reputed well known branded companies)
Benefits
Employment Type
Full-Time
