Finance Superintendent, Credits

Job Description

[{"Salary":null , "Remote_Job":false , "Posting_Title":"Finance Superintendent, Credits" , "ITC_Business":"Education Stationary Products Business" , "Is_Locked":false , "City":"Chennai" , "Industry":"FMCG" , "Function":"Finance" , "Job_Description":" PURPOSEOF THE JOB: Pricing,Claim accounting, IFOR updating, Credit insurance, remittance accounting, Salesreturn, New Selling Arrangement, Balance confirmation, KEYFOCUS AREAS: Pricing updating for customer. Accounting for claims IFOR updating. Credit insurance. Remittance Sales Return New selling Arrangement Balance confirmation Charging of interest PRINCIPAL ACCOUNTABILITIES: Pricing updating for customer. a) Checking the correctness of the scheme/discountupdated in the system b) Checking of invoices post accounting for schemesdiscounts to check the correctness of the scheme discount updating c) Checking of invoice factor on any amendment to the VATrate d) checking of tax rate for the relevant customers e) Reconciliation of monthly invoices with the schemesdiscounts provided by marketing f) Answering to marketing for the queries relating toabove Accounting for claims a) Comparing the schemes/discount papers receivedagainst the amount ascertained b) Analyzing the actual scheme/ discount with thebudget c) Ascertaining the monthly provision against salesmade 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 balancesmore than 6 months, balance confirmation defaulters and intimate to marketing Creditinsurance a) Providingdata pertaining to the customers falling under overdue b) Monitoringthe movement of the customers both fallen due for payment as well new customersfalling under the overdue category c) Ensuringthe necessary documents are sent to the insurance company for lodging notification/claim Remittance a) Ensuringthat remittance is done on the same day of the receipt b) Monthly report to themarketing of the collections made branch-wise Sales Return a) Checkingof the invoice factors pertaining to the invoices for the last SKUs sold in thepast b) Checkingwhether the material has been physically received at the warehouse and manualGRN has been taken at the warehouse. c) Checkingwhether the sales return has been duly authorized d) Checkingthe correctness of the Sales return value manually computed and passing entryto the difference of the system generated and manual amount computed. New Selling Arrangement: a) Ensuringall new customers are created in the system after duly authorized b) Checkwhether the required documents are submitted for creation of a new customer c) Periodicallyreview whether any change in the constitution of the party has been reported toensure that new customer code is created for them Balance confirmation: a) Toensure that balance confirmation is sent to all the parties on a monthly basisand the proof of sending the same is maintained for records b) Periodicallytake it up with marketing on the pending balance confirmation from thecustomers. c) To resolve the issueshighlighted in the balance confirmation by the parties such as the pendingcredit notes, excess amount debit etc. Charging of interest: a) Chargingof interest on the overdue balances of the customers on a monthly basis b)