Senior Finance Associate

Company: Madura Coats Pvt Ltd

Designation: Senior Associate - Finance

Band: 7

Location: Bangalore

1. Scope:

Finance Executive will be based out of Bangalore and support to O2C function.

2. Job description:

The main responsibilities of the job include to managing the customer discounts, He/She should be capable to calculate the discounts as per offers and schemes, issue of Credit notes, customer wise discount analysis and providing MIS report to management on cost impact. The candidate should also support branch finance activities independently. The candidate must be familiar with all the accounting procedures.

3. Gender : Male/Female.

4. Duties and responsibilities

• Ensure proper issuance of credit notes to customers and cross check the accuracy and completeness with the approved schemes.
• Calculate monthly, quarterly, annual discounts to be given to customers and provide necessary provisions accurately based on the approved schemes
• Assist in month end closing including providing timely reports/ analysis.
• Coordinate with Commercial and Sales Operations team to prepare weekly/ monthly reports and analyses.
• Analysis of Cost Center reports and preparation of Group/ business reports to support Commercial and Operations teams.
• Performing day to day finance activities of branch
• Periodically review customer accounts and escalate any issues identified.
• Complete other ad-hoc jobs that the management may assign from time to time

5. Skills

• Excellent communication skills
• Analytical skills
• Self-motivated and ability to work with minimum supervision.
• Teamwork and collaboration skills

6. Technical Knowledge

• Working knowledge in SAP
• Proficiency in MS Excel, Word, PPT. Should have excellent knowledge in Advanced Excel.
• Power BI expertise is preferred.

7. Education and professional experience

• UG/PG/CA/CMA with 2 to 8 years experience in manufacturing industry.
• knowledge of applicable INDAS and IFRS.
• Knowledge in various laws viz Income Tax, GST, labour laws etc.,

Coats is an equal opportunity employer and is committed to ensuring employment practices that promote diversity across its workforce. We are dedicated to creating a workplace that values and respects the unique perspectives, experiences, skills, and backgrounds of all employees. We encourage talented individuals from all walks of life to join us in shaping an inclusive and forward-thinking organization.