PURPOSE:
- Ensure execution of all financial activities in the branch in line with the budgets to drive profitability and achieve PMR for the branch
- Monitor the execution of credit and control policies and manage the account payable and receivables for the branch; release of credit notes and money from the branches
- Ensure discounts and allowances are implemented as per strategy across all branches and resolve executionary issues if any
- Ensure timely cash collection from trade partners to ensure lower bad debts
- Manage trade partner issues and settlements for the branch and initiate proceedings if required.
- Responsible for team building to compete in the market and meet consumer expectations.
Essential Duties and resposibilities:
Receivables :
1. Collection & banking
2. Credit limit reviews
3. Deviation approvals
4. Securitization
5. Co -ordination for trade partner appointment /closure
6. Monitoring Ageing & Overdues
7. Inoperative and legal
Inventory & Supply Chain:
1. Slow moving / obsolete.. Tracking and liquidation support
2. Defective / Graded liquidations
3. Monitoring quarterly physical verification of Inventories
4. Conducting periodic CFA Audit
Sales Support & Business partnering :
1. D&A effectiveness & identifying cause of change
2. Coordination and closure of pay for performance schemes
3. Support driving mix improvement
4. Reviewing & controlling branch SG&A
5. Connect with Trade and closure of open issues
Controls:
1. Periodic sign-offs and balance confirmations
2. Branch audit coordination and support
3. SOX adherence
4. Drive commercial discipline
Scheme Management:
1. D&A Deployment and communication
2. Analytical Insight for effective rollout of schemes
3. Validating & schemes closure
4. Issuing Credit Notes
5. Reconciliations
Service Coordination:
1. Service Inventory Related Matters
2. Follow up of overdue service receivables
3. Coordination for resolving issues related to Customer replacements
Statutory Compliances:
1. Resolution of GST reconciliation issues.
2. Indirect tax laws.. Local contact
3. Labor & Industrial laws- Local contact
4. Environment & safety laws - Local contact
Miscellaneous:
1. Custodian of branch assets
2. Branch admin support.. housekeeping
3. Training (SAP, PMR, CFA related)
4. Imprest
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