SABMiller - Senior Manager - Credit Control & Compliance

Prim responsibilities:

1. This position is primarily responsible for ensuring credit control and compliance at all the locations under his/her purview.

2. Responsible for timely and accurate Trial Balances of all the locations, statutory and non-statutory compliances, day to day control at the locations, indirect tax assessments, Balance sheet reconciliations, physical verification and control on inventories etc.

3. Maintaining effective relationships with all Customer information support providers, Distributors, Director - Sales and VP - Sales

4. Reviews and ensures the integrity of financial systems, timeliness and quality of financial information to support corporate decisions making

5. Ensuring Credit policy adherence for respective states under his purview. Knowledge of DSO and working capital management through improved DSOs and faster collections.

Details:

General Ledger

- Credit Control: Ensuring credit policy for the states under purview is adhered. During budget time the plan for DSOs is discussed alongwith sales team. Reconciliation of distributors accounts on a periodic basis and NDCs recd-

- Trial Balance: Responsible for the management of the General Ledgers in all locations ensuring that the trial balance provides an accurate and timeous basis for all forms of financial information

- Control Accounts: Ensuring that all Control Accounts balance with their respective sub-systems

- Other General Ledger Accounts: Ensuring that all other General Ledger Accounts are properly analyzed and either represents recoverable assets or valid liabilities.

- Reconciliations: Ensure that all reconciliations with external parties (Banks as of now till we centralize all payments) and inter-unit reconciliations are conducted in accordance with Company policy and are adequately reviewed and properly signed off.

- Containers: Ensure that containers on hand and in the trade are properly accounted for in accordance with company policy and SOP. Container losses must be properly authorized and reported.

- Management Accounts: Ensure timeous closure of General Ledger and monthly reconciliation of the P and L / Flash to Trial Balance

- Fixed Assets Register Updation: Ensuring that information on Fixed Assets additions and deletions are timely communicated to SSC for updating.

- Depreciation: Ensure that depreciation calculation is accurately made and correctly reflected in the General Ledger for all the locations

- Ensure that day to day accounting is properly done in the correct ledger code with sufficient narration so as to ensure the right information for all assessments (direct and Indirect)

- Reviews and ensures the integrity of financial systems, timeliness and quality of financial information to support corporate decisions making

Monthly Trial Balance and Annual Report:

- Coordinate the preparation and submission of the financial aspects of the Groups statutory Annual Report and Hyperion reporting

- Ensure Preparation and Analysis of monthly Trial Balance at all locations within specified timelines

- Support the group accountant in accurate and timely preparation of Annual Accounts as per schedule VI and Indian accounting standards and of group accounts as per IFRS and group requirements

- Co-ordination between the Auditors and the breweries: Acting as a co-ordination point between the auditors and the breweries/regional offices in getting the correct PBC schedules tallying with the Trial Balance and resolving all issues related to Audit

Compliance and credit control

- Ensure day to day control at the locations and with Distributors and Corporation market

- Ensure statutory compliances i.e.

All statutory dues are deducted correctly and deposited as per timelines

All statutory returns are filed as per timelines

All information for assessments whether directs or indirect is submitted accurately and as per agreed timelines. All indirect assessments are properly handled and issues communicated to tax department.

All tax audit schedules are completed accurately and as per agreed timelines.