Responsibilities:
- Calculate and maintain customer rebate accruals based on contractual terms, including volume, growth, promotional, and special rebates.
- Ensure accurate and timely monthly and quarterly rebate provisions in line with sales performance.
- Reconcile rebate balances between customer agreements, sales data, and finance records.
- Process rebate claims and coordinate with Sales, Commercial, Controlling, Finance, and Payment teams for validation and approval.
- Monitor rebate utilization against accruals and identify over- or under-provisions.
- Prepare and post journal entries related to rebate accruals, reversals, and settlements.
- Ensure compliance with internal controls, accounting policies, and revenue recognition requirements, including IFRS 15 where applicable.
- Support internal and external audits by providing appropriate rebate calculations, supporting documentation, and justifications.
- Maintain and update rebate master data, customer agreements, and related financial records.
- Identify and implement process improvements across the rebate accounting process.
- Support month-end and year-end closing activities related to rebates.
- Contribute to Record-to-Report (R2R) month-end activities, including accruals and prepaid journal postings during periods of lower rebate workload.
- Analyze rebate trends and variances and provide insights to support commercial and financial decision-making.
- Ensure rebate accruals and reconciliations are completed accurately within defined closing timelines and KPI targets.
- Collaborate effectively with GBS, local finance teams, rebate controllers, financial controllers, commercial teams, payment teams, and auditors.
Eligibility / Requirements:
- Bachelor's degree in Accounting, Finance, Commerce, or a related discipline.
- Minimum 3 years of relevant accounting experience, preferably in rebate accounting, GL, R2R, or a similar finance function.
- Solid understanding of rebate accounting, accruals, provis
📌 Rebate Accountant, GL TEAM (Pune)
🏢 Deloitte
📍 Pune