Main purpose of role:
The candidate will be responsible to handle day to day Sales & Accounts Receivables activities. Reviewing of daily / weekly / monthly postings of revenue in the system. Sales reconciliation of major customers on a monthly / weekly basis. Assist auditors by providing support and documentations on internal processes for sales & accounts receivable function and completion. To make sure Internal control compliance is followed for every revenue related process. He would be a key stakeholder to handle queries from Customers (Internal and External).
➢ Checking of Depot Sales uploaded by commercial support team as per depot sales report and whether it is in accordance to approved price list.
➢ Chasing outstanding invoices to the company and plays a vital role in the cash- flow of the organization ensuring credit given to customers is monitored and controlled effectively.
➢ Undertakes complex reconciliations and compiles documentation for legal action if required.
➢ Ensuring proper allocation of receipt of payment to sales invoices, including contras between Purchase Ledger & Sales Ledger.
➢ To Check whether Distribution fee / Commission / Import Duty as per contract is correctly applied to distributors / customers.
➢ Intercompany reconciliation and weekly checking / allocation of IC invoicing along PL team member. Good understanding of Rebates & contract management. Follow-up with customer on overdue and to be due invoices payment by email and over phone.
➢ Preparation of ageing report and various other reports as and when requested by management.
➢ Sending statements, invoices, balance & revenue confirmation letter to customers.
➢ Export documentation check for cut-offs (month/quarter/year) in accordance with IFRS 15.
➢ Invoicing of Intercompany Management charges/Royalty invoices, Sale of scrap / assets / sub-lease.
➢ Stock reconciliation for SKU’s related to Profit Share and Profit Share calculation to vendor.
➢ Preparation of balance sheets & various sales schedules related to revenue and for reporting.
➢ Identifying Accruals entries & Bad Debts Provision. Variance analysis on Customer Sales Vs Distribution Fee and commission.
➢ Aged Debtors Analysis & Cash forecasting. Checking of Distribution fee / commission given is as per contract to distributors / customers.
➢ Preparation of various Audit schedule / Documents related to Revenue & Handling of audit. Sound Knowledge of Internal Controls compliance (SoX).
➢ Collating documents for LC and forwarding the same to bank for acceptance