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

McCain Foods is an equal opportunity employer. We see value in ensuring we have a diverse, antiracist, inclusive, merit-based, and equitable workplace. As a global family-owned company we are proud to reflect the diverse communities around the world in which we live and work. We recognize that diversity drives our creativity, resilience, and success and makes our business stronger. 

 
McCain is an accessible employer. If you require an accommodation throughout the recruitment process (including alternate formats of materials or accessible meeting rooms), please let us know and we will work with you to meet your needs.

 
Your privacy is important to us. By submitting personal data or information to us, you agree this will be handled in accordance with the Global Employee Privacy Policy  

Job tags

Salary