Role : Regional Commercial Finance Head

CTC : 60-75 Lacs

Purpose of the role :

- Purpose of the role is to support the Region COO and the Region leadership team to achieve its Growth, Share and Cost efficiency objectives year on year in line with short / medium term strategy as cascaded by HO-Commercial Finance, Planning & Strategy - Execution of Short term / Medium term Strategy & Planning

- Annual Business Planning exercise; holding it together with the Commercial Function for Growth, Share, NSV, Mix, BTL, TTL and S&D cost spine and in pursuance of targets cascaded by the HO.

This is for the respective Region.

- Working Capital engagement planning and build the same month on month by each cluster

- Supporting of the business in preparation and determination of unit goals, strategies and tactics

- Finance activities associated with support of the strategic planning process, including financial modelling of strategic scenarios

- Activities associated with the organization's annual financial planning efforts. Planning activities primarily include the annual budgeting process and development of the capital plan.

- Periodic activities of monthly, quarterly and annual forecasting efforts as well as event-driven activities. Forecasting activities primarily include year-end or rolling forecasts, including development of P&Ls, balance sheets and cash-flow statements, and collaboration with operations in the generation.

- Preparing of finance committee and/or executive committee documents (e.g. Cluster BPM)

- Fulfilling of various ad hoc reporting requirements

- Performing consolidation and review of sales-supplied information

Supporting SSC / BPM teams in :

- Reporting of prior and current year actuals including variance analysis against budget and outlook Transaction processing Accounts payable - act as a query response mechanism for

- Matching of supplier invoice, purchase order, receipt acknowledgement, and other required documents or information to validate and verify payment can be made to suppliers. For freight payments, includes matching to a freight rates table.

- Researching/reconciling of accounts payable and freight balances and supplier statements; includes processing of debit/credit memos related to trade payables

Revenue cycle - act as an approver and query response mechanism for :

- Developing of credit scores (includes reviewing outside agency reports, credit references), credit limits, payment terms, related policies and procedures, and the approval of credit requests

- Performing management reporting

- Preparing and distributing aged receivables reports

- Pursuing the collection of ordinary trade receivables from customers extended credit privileges; includes calls, letter, emails or other communication methods to collect outstanding receivables - Non corporation markets

- Performing management reporting, updating master files

Revenue cycle - end to end responsibility for :

- Performing reconciliation of billing system information against billing documentation including documenting and issuing invoices for goods or services rendered in conformance with contractual obligations

- Pursuing the collection of ordinary trade receivables from customers extended credit privileges; includes calls, letter, emails or other communication methods to collect outstanding receivables 

- Corporation markets and UP (under semi monopoly conditions)

- Dispute Identification : Capturing and categorizing disputes within the Dispute Management System (DMS). Assigning the coordinator to resolve dispute. Performing initial research with the customer 

- Dispute Resolution : Determining both the dispute root cause and the actions to close a dispute via adjustment, payment or write-off. Recording the resolution and closure steps in the DMS

- Dispute Escalation : Monitoring open disputes via online tool or hardcopy report. Identifying disputes that require escalation based on pre-determined timing targets for open dispute. Escalating disputes via automated tool or manual procedure. Driving resolution of open disputes that have passed the targeted resolution time

- Dispute Root Cause Eradication : Reviewing the data captured through the identification and resolution activities in DMS or other tracking system.

- Creating action plans to resolve root causes of the disputes

- General accounting - Query + Approval + Initiation only

- Resolve inter company disputes

- JV imitation or approval (as needed)

- Performing record retention and preparation of fixed asset folders

- Monthly closing process

- Maintenance of finished product inventory ledgers (wholesale markets only)

Treasury management :

- Developing and monitoring long term cash forecasts

- Working with both internal and external customers/suppliers in increasing the awareness and utilization of effective treasury management practices

Governance & Compliance :

- Drive the creation and implementation of effective governance, compliance and risk management frameworks to drive holistic performance and maintain reputation

- Ensure pro-active input into preventative actions to address key business risks

- Manage issues to mitigate impact and risk by early involvement

- Guide resolution of issues and proactively create an environment where risk is avoided

- Champion the embedding of a compliance culture

- Region Pricing Governance and operational controls

Amit
+91-8587829791

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