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
- Recent selling Arrangement
- Balance confirmation
- Charging of interest
- PRINCIPAL
ACCOUNTABILITIES:
- Pricing updating for customer.

a) Checking the correctness of the scheme/discount
updated in the system

b) Checking of invoices post accounting for schemes
& discounts to check the correctness of the scheme & discount updating

c) Checking of invoice factor on any amendment to the VAT
rate

d) checking of tax rate for the relevant customers

e) Reconciliation of monthly invoices with the schemes
& discounts provided by marketing

f) Answering to marketing for the queries relating to
above
- Accounting for claims

a) Comparing the schemes/discount papers received
against the amount ascertained

b) Analyzing the actual scheme/ discount with the
budget

c)



Ascertaining the monthly provision against sales
made and intimating to accounts team

· IFOR updating

a) Verifying the correctness of the IFOR limit &
period updated

b) Preparation of the MC request for IFOR limit &
period received from marketing

c) Checking the criteria of customers having balances
more than 6 months, balance confirmation defaulters and intimate to marketing

· Credit
insurance

a) Providing
data pertaining to the customers falling under overdue

b) Monitoring
the movement of the customers both fallen due for payment as well new customers
falling under the overdue category

c) Ensuring
the necessary documents are sent to the insurance company for lodging notification/claim
- Remittance

a) Ensuring
that remittance is done on the same day of the receipt

b) Monthly report to the
marketing of the collections made branch-wise
- Sales Return

a) Checking
of the invoice factors pertaining to the

📌 Finance Superintendent, Credits (Chennai)
🏢 ITC
📍 Chennai