Finance Superintendent, Credits

PURPOSE

OF THE JOB

• Pricing,
• Claim accounting, IFOR updating, Credit insurance, remittance accounting, Sales
• return, New Selling Arrangement, Balance confirmation,

FOCUS AREAS

• Pricing updating for customer.
• Accounting for claims
• IFOR updating.
• Credit insurance.

Sales Return

• New selling Arrangement
• Balance confirmation
• Charging of interest

PRINCIPAL

ACCOUNTABILITIES

• Pricing updating for customer.
• 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
• Accounting for claims
• 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

Remittance

• 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

Sales Return

• 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.

New Selling Arrangement

• 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

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 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.

Charging of interest

• 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

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

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

As per industry standards