Please click on the Apply to verify the status of jobs posted more than 15 days ago, as they may have expired. Similar Jobs
Job Description
PURPOSE OF THE JOB:
Pricing, Claim accounting, IFOR updating, Credit insurance, remittance accounting, Sales return, New Selling Arrangement, Balance confirmation,
Key Focus 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.
IFOR updating- Checking the correctness of the scheme/discount updated in the system
- Checking of invoices post accounting for schemes & discounts to check the correctness of the scheme & discount updating
- Checking of invoice factor on any amendment to the VAT rate
- checking of tax rate for the relevant customers
- Reconciliation of monthly invoices with the schemes & discounts provided by marketing
- Answering to marketing for the queries relating to above
- Accounting for claims
- Comparing the schemes/discount papers received against the amount ascertained
- Analyzing the actual scheme/ discount with the budget
- Ascertaining the monthly provision against sales made and intimating to accounts team
- Verifying the correctness of the IFOR limit & period updated
- Preparation of the MC request for IFOR limit & period received from marketing
- Checking the criteria of customers having balances more than 6 months, balance confirmation defaulters and intimate to marketing
- Balance confirmation:
- Providing data pertaining to the customers falling under overdue
- Monitoring the movement of the customers both fallen due for payment as well new customers falling under the overdue category
- Ensuring the necessary documents are sent to the insurance company for lodging notification/claim
- Remittance
- Ensuring that remittance is done on the same day of the receipt
Looking to get Placed? Try our Placement Guarantee Plan
- Monthly report to the marketing of the collections made branch-wise
- Sales Return
- Checking of the invoice factors pertaining to the invoices for the last SKUs sold in the past
- Checking whether the material has been physically received at the warehouse and manual GRN has been taken at the warehouse.
- Checking whether the sales return has been duly authorized
- Checking the correctness of the Sales return value manually computed and passing entry to the difference of the system generated and manual amount computed.
- New Selling Arrangement:
- Ensuring all new customers are created in the system after duly authorized
- Check whether the required documents are submitted for creation of a new customer
- Periodically review whether any change in the constitution of the party has been reported to ensure that new customer code is created for them
- To ensure that balance confirmation is sent to all the parties on a monthly basis and the proof of sending the same is maintained for records
- Periodically take it up with marketing on the pending balance confirmation from the customers.
- To resolve the issues highlighted in the balance confirmation by the parties such as the pending credit notes, excess amount debit etc.
- Charging of interest:
- Charging of interest on the overdue balances of the customers on a monthly basis
- Pricing updating for customer.
Skills
AccountingAccountsSalesCollectionsMonthly ReportProvisionReconciliationFinanceIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
ITC is a conglomerate with a significant presence across various sectors including FMCG, hotels, software, packaging, and agribusiness, setting benchmarks in sustainability and innovation. ITC Careers are synonymous with a commitment to excellence and offering a world of opportunities for individuals looking to make a meaningful impact in a diverse range of industries. Working with ITC means joining a team dedicated to creating enduring value for the nation and its stakeholders, through leadership in practices that nurture a green, inclusive, and sustainable future. ITC Careers focus on empowering employees through professional growth, leadership development, and a culture that celebrates diversity and innovation. Join ITC to be part of shaping a future that embraces sustainable and responsible business practices.
Important dates & deadlines?
Application Deadline
25 May 26, 02:58 PM IST
Similar Jobs
View All
Don't Miss out any Updates
Subscribe now for the latest job alerts
and never miss an update
Finance Superintendent, Credits
Share with
