Role Objective:

The Finance Executive will be responsible for preparing and maintaining Finance MIS, monitoring commercial transactions, and conducting regular checks related to dealer’s incentives, discounts, schemes, and other financial/commercial data. The role will ensure accuracy of financial information, identify discrepancies, and provide timely reports to management for decision-making. Apart from above person will perform the other duties as well based on in the department.

Key Responsibilities:

1. Perform checks and validations of sales, discounts, incentives, schemes, and other commercial transactions.
2. Verify incentive calculations and ensure payouts are as per approved policies and targets.
3. Review discounts and schemes to ensure they are within approved limits and properly authorized.
4. Identify data discrepancies, unusual transactions, errors, or financial leakages and coordinate with concerned teams for correction.
5. Maintain various MIS trackers for dealer, incentives, discounts, collections, outstanding, margins, and other key financial parameters.
6. Provide accurate and timely MIS to management for business and financial decision-making.
7. Maintain proper records and supporting documents for all MIS and control checks.
8. Coordinate with Sales and Accounts teams to resolve data-related and commercial discrepancies.
9. Monitor and ensure adherence to statutory compliances, including GST, TDS, Companies Act, and other applicable regulatory requirements.
10. Process Credit Notes and Debit Notes in the system related to incentives and other transactions.
11. Provide support to the Accounts Receivable and Accounts Payable teams as and when required.
12. Assist in improving existing MIS formats, reporting systems, and internal financial controls.
13. Perform any other financial analysis or MIS-related work assigned by management.

Key Skills & Criteria:

1.



2–5 years of experience in Finance MIS / Commercial Finance / Management Reporting.
2. Strong Excel skills, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, data analysis, and reporting.
3. Good understanding of sales data, discounts, incentives, schemes, and financial transactions.
4. Strong analytical and numerical skills.
5. High attention to detail and ability to identify discrepancies.
6. Candidate should be comfortable working with large volumes of data and recurring MIS/reporting requirements.

In short, the ideal candidate should be more of a Finance MIS, Compliance & Commercial Finance person who can analyse numbers, prepare reports, and independently check incentives, discounts and other commercial transactions.

About us:

Headquartered in Denmark, GN Hearing is among the leading manufacturers of hearing aids in the world. The company offers a full range of instruments and accessories under several brands. The company has subsidiaries in more than 25 countries and distributors in 80 more. Driven by technological innovations and commercial excellence, GN Hearing has been the growing faster than the industry for the last many years.

In India, the hearing aid industry at wholesale prices is approximately INR 750 crores annually. Private retail consumption accounts for over 85% of the hearing aid market in revenue terms with the balance coming from government tenders. The market is growing @10~12% p.a.



and likely to grow at these rates for the next decade due to very favorable demographics viz.

- 90% of hearing aid users are in the 50+ group.
- They are living longer due to healthier lifestyles.
- Leading a more active retired life and would like to enjoy life with friends and family.
- Have the money to fund hearing aids.

In the hearing-impaired population, the hearing aid penetration level is only 2%. In developed countries the penetration is in the 20~40% levels.

In India, GN is headquartered in Navi Mumbai. In 2023, GN posted revenues of INR 131 cr (USD 16 mln). GN has been the fastest growing company since 2012 growing revenues @ 18% CAGR. GN is now the 2nd largest company in the lucrative retail market with a 20% market share, up from 5% market share in 2011. GN is the most profitable company in the industry with the highest % EBITA margin. Leadership in technology, a explicit India strategy and strong execution have been the drivers of this performance.

Given the strong momentum, GN has an opportunity to drive growth higher than the current already high rate. GN has put in place aggressive plans for the 2023~2025 strategy period. The strategy involves executing on multiple key sales initiatives in parallel with speed and accuracy. GN operates through a direct dealer network of about 700 customers. The larger key customers account for a disproportionate share of the industry potential and consequently GNs business.

Hearing aids are dispensed as a medical device and the dealer (dispenser) makes the brand choice. Among other things, fast, accurate and at times customized service solutions to these larger customers are important to succeed with them. The customized solutions tend to put a strain on operations increasing complexity. The relatively small size of the business is deceptive when compared to the complexity of the challenges involved.

📌 Finance Executive - MIS, Compliance & Commercial Controls (Navi Mumbai)
🏢 GN Hearing India
📍 Navi Mumbai