ITC Limited
Location
Chennai | India
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:
a)Checking the correctness of the scheme/discount
updated in the system
b)Checking of invoices post accounting for schemes
& discounts to check the correctness of the scheme & discount updating
c)Checking of invoice factor on any amendment to the VAT
rate
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 to
above
a)Comparing the schemes/discount papers received
against the amount ascertained
b)Analyzing the actual scheme/ discount with the
budget
c)Ascertaining the monthly provision against sales
made 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 balances
more than 6 months, balance confirmation defaulters and intimate to marketing
· Credit
insurance
a)Providing
data pertaining to the customers falling under overdue
b)Monitoring
the movement of the customers both fallen due for payment as well new customers
falling under the overdue category
c)Ensuring
the necessary documents are sent to the insurance company for lodging notification/claim
a)Ensuring
that remittance is done on the same day of the receipt
b)Monthly report to the
marketing of the collections made branch-wise
a)Checking
of the invoice factors pertaining to the invoices for the last SKUs sold in the
past
b)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 authorized
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.
a)Ensuring
all new customers are created in the system after duly authorized
b)Check
whether the required documents are submitted for creation of a new customer
c)Periodically
review whether any change in the constitution of the party has been reported to
ensure that new customer code is created for them
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 records
b)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 etc.
a)Charging
of interest on the overdue balances of the customers on a monthly basis
b)To
check periodically all variables for computing sales return are considered in
SAP
c)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
Code of conduct and ensuring
compliance of statutory norms
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
INTERNAL
LINKAGES:
Asst. Finance Manager, Head
of Finance, AEs, ASMs
EXTERNAL
LINKAGES:
WDs,
Requirements
ROLE
Finance
Superintendent - Credits
LEVEL
6
LOCATION
Chennai, Head Office
EXPERIENCE
1+ years of experience in credits or costing
Education Qualification
Industry
As per industry standards
Job tags
Salary
