Manager - Commercial Finance

Location

New Delhi | India

Job description

Position Title: [[Manager - Commercial Finance]]

We are passionate about food. But we’re even more passionate about our People!

About the role:

Monitor and Track Trade spend and Media & Marketing Spends with monthly review meetings:

• Responsible to partner with Sales & Marketing Team to get the proposal (Expenditure Request ER) for Trade Schemes and Marketing & Media spends as per the defined timeline.
• Thorough checking of the requisition and check necessary approvals of spends proposed to
• be operated in the market.
• Communicating the approved scheme details with a tracking number to the Sales and
• Marketing team.
• Ensure better control on spends by regular preparation and maintenance of ER wise claim
• booking and tracking of spends.
• Discussion with the stakeholders on the provision balances and action plan for unutilized
• spends and/or overspends.
• Initiate tracking of MT account (customer) level spends to ensure booking of actual spends as per the ER raised.

Accountable for Pricing Process and financial analytics across all channels:

• Ensuring periodic pricing change proposals and management signoffs in collaboration with
• business teams
• Accountable for correct and approved price updation and maintenance in SAP
• Pricing/profitability evaluation of export volume and new opportunities.
• Preparation and analysis of Gross Profit details for all channels and sub-channels for effective decision making.
• Perform various business analysis like SKU wise profitability analysis, pricing review and cost
• analysis.

Freezer Governance:

• Ensure Freezer reconciliation between books & Freezer asset tracker and sign off on a
• Quarterly basis.
• Effective participation and Governance in monthly meetings with Freezer Governance team
• along with Leadership
• Ensure completion of the Physical verification of the assets on an annual basis
• Ensuring finalization of all India Freezer proposal with IRR calculations and post deployment
• comparison of returns from projections.

• Facilitate transfer of Freezers not billed as per the guidelines defined in Freezer governance
• SOP.

New product development:

• Partner with project managers to ensure detailed project charter for cost, pricing and financial proposal.
• Ensure business case sign off and periodic tracker Vs actual performance

Distributor Management

• Review and approve customer/distributor code opening in system.
• Periodic review of distributor database in SAP and maintain commercial hygiene.
• Revamping Distributor Management process through SOP and Distributor Audits
• Periodic review of SOPs and policies
• Responsible for sharing relevant MIS and analytics with sales team on a periodic basis

Order Release

• Ensure timely and relevant credit release approvals as per SOP
• Ensure to collect payment as per agreed timeline from respective DBs.
• Responsible for scrutinizing all sales orders released and work towards automating the sales
• order release process.

Claims Management

• Responsible for improving efficiency in claim & damage audit process
• Avoiding duplicity of claims in terms of bills, periods of claims & entitlement policy.
• Ensure trade spent reconciliation at month end & approving JE for rectification if any
• Ensure NCC of all claims for the quarter and resolution of all the pending claims for the claims processed in previous month.
• Periodic education to guidance to sales team and distributors to submit their Claims on time.
• Ensure automation of claims through DMS and SFA

Modern Trade, Key Account & QSR Account Reconciliations

• Responsible for arranging quarterly reconciliation of all direct MT customers.
• Continuous follow up to clear over-dues & arrears if any and ensure collection of money on
• time.
• Continuous follow up with Agency for reco signup/arranging ledger/MT AR open item weekly & monthly.
• Statutory Compliances
• Ensure timely Assessment for the state by collecting C Forms & F Forms, LR, Sales Returns data, other assessment details from cross functional team.
• Timely follow-up with sales tax consultants for closer of respective State VAT audit &
• completion of Sales Tax Assessment.

Statutory & Internal Audit Support

• Coordinate and ensure closure of respective area (Revenue and Spends) with the statutory
• auditor for Annual Statutory Audit
• Interfacing with the Internal Auditor of the company and providing all the documents which
• are necessary for conducting audit.
• Manage the Internal/ External Audit function and develop comprehensive Audit programs on an ongoing basis.
• Taking up all internal audit issues related to his region pertaining to business and regional
• finance and resolving it.

3P Payroll Management

• Coordination - Ensure all Managers approve attendance and reimbursement as per agreed
• SOP/ timelines. Follow up and support 3P Vendor and sales team in case of any discrepancy
• with regard to delayed payments of salary or any administrative-xyz thereof.
• Administration/Salary and Month-end accounting entries- Checking salary as per attendance and salary offered through offer letter.
• Administration/TA DA and Month-end accounting entries - Checking and verifying TA/DA
• reimbursement as per reimbursement claim policy.
• Dashboards - Preparation of Monthly dashboards for ZSMs and ASMs of TSI cost and
• deployment. Prepare weekly/ monthly national dashboards of TSI (Secondary) Sales.
• Periodic review of SOP Attendance and Payroll Process-3P employees and TSI TA DA
• Reimbursement

Collaboration with Sales Team

• Regular partnership with sales team by participating in Regional Sales Review Meet
• Ensure DB Visit + Market Visit – 2 days in a month

T&E Management

• Ensure timely processing of employee T&E Claims and sharing with concern person to make payment as per the payment calendar.

About you

• CA with over 8 years of experience in Commercial finance
• Expert in financial modelling, scenario planning and analytical skills
• Working Knowledge of SAP
• High level proficiency in MS-Excel / MS-Word / PowerPoint
• Able to build and maintain lasting relationships with other departments, key business partners and government agencies.
• Strong Technical Skills in terms of Financial Implications, risk and Governance.
• Ability to work under pressure, meet deadlines and drive projects to completion

Apply Now if you are looking to be part of a flourishing and energetic environment! Join a recognized brand known throughout households across the globe!

#L1-M1

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Salary