Finance Superintendent Credits

Job Description

Hey,We are hiring for Finance Superintendent for Credits(Level 6) for Education & Stationery for Chennai.JD:-PURPOSE OF THE JOB:Pricing, Claim accounting, IFOR updation, Credit insurance, remittance accounting, Sales return, New Selling Arrangement, Balance confirmation,PRINCIPAL ACCOUNTABILITIES:Pricing updation for customera) Checking the correctness of the scheme/discount updated in the systemb) Checking of invoices post accounting for schemes & discounts to check the correctness of the scheme & discount updationc) Checking of invoice factor on any amendment to the VAT rated) checking of tax rate for the relevant customerse) Reconciliation of monthly invoices with the schemes & discounts provided by marketingf) Answering to marketing for the queries relating to above Accounting for claimsa) Comparing the schemes/discount papers received against the amount ascertainedb) Analysing the actual scheme/ discount with the budgetc) Ascertaining the monthly provision against sales made and intimating to accounts team IFOR updationa) Verifying the correctness of the IFOR limit & period updatedb) Preparation of the MC request for IFOR limit & period received from marketing c) Checking the criterias of customers having balances more than 6 months, balance confirmation defaulters and intimate to marketing Credit insurancea) Providing data pertaining to the customers falling under overdueb) Monitoring the movement of the customers both fallen due for payment as well new customers falling under the overdue categoryc) Ensuring the necessary documents are sent to the insurance company for lodging notification/claim Remittancea) Ensuring that remittance is done on the same day of the receiptb) Monthly report to the marketing of the collections made branch-wise Sales Returna) Checking of the invoice factors pertaining to the invoices for the last SKUs sold in the pastb) Checking whether the material has been physically received at the warehouse and manual GRN has been taken at the warehouse.c) Checking whether the sales return has been duly authorised d) 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:a) Ensuring all new customers are created in the system after duly authorisedb) Check whether the required documents are submitted for creation of a new customerc) 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:a) 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 recordsb) Periodically take it up with marketing on the pending balance confirmation from the customers.c) To resolve the issues highlighted in the balance confirmation by the parties such as the pending credit notes, excess amount debit etcCharging of interest:a) Charging of interest on the overdue balances of the customers on a monthly basisb) To check periodically all variables for computing sales return are considered in SAPc) Answering to marketing queries on the interest computationBack office for procurement / Operations function Approvals in place as per CASP / DASP / SOP/MASOP/ Credit Policy related to above areasVendor managementAnnual 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 periodMIS Reporting Credit note accounted and pending accounting from finance endPeople Development Training in the areas of people skill to liason with marketing team SAP Training Code of conduct and ensuring compliance of statutory normsKEY SUCCESS FACTORS: Error free schemes & discounts updation for customers Timely accounting for claims Error free IFOR updation for customers Timely sales return accounting for customers Timely charging of interest for overdue customer,

Keyskills :
finance accounts sap vat creditnote peopleskills creditpolicy creditinsurance management financialjustification ep ting vend behavi altraining