Commercial Manager - General Trade Finance

Parag Milk Foods; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Parag Milk Foods Ltd in Mumbai is seeking an experienced accounts professional to oversee distributor and depot claim settlements, ensuring accurate validation and timely reconciliation of payments and deductions.

You will work closely with Supply Chain and Sales teams to settle debits, maintain documentation, and analyse primary/secondary sales data to prevent errors. You will help set SOPs for commercial arrangements to reduce leakages and improve settlement cycles.

Qualifications

• Responsibilities and KRAs include claims validation, settlement and reconciliation.
• Liaison with Supply Chain and Sales teams for timely settlements.

Responsibilities

• Oversee distributor and depot claim settlements with accurate pricing and validation.
• Ensure timely reconciliation of accounts with various parties and proper documentation.
• Maintain records and backups of claim calculations in an organized manner.

Job description

Parag Milk Foods Ltd, founded in 1992, is one of India's elite private sector dairy company, with a diverse portfolio in over 15 consumer centric product categories. We pride ourselves for providing the best global source of expertise and scientific knowledge in support of the development and promotion of quality cows milk and milk products, to offer consumers nutrition, health and well-being.

Responsibilities:-

1. Job Purpose

To oversee distributor and depots claim settlement in the Company ensuring efficient and timely validation and settlement of claims and timely reconciliation of accounts.

2. Key Responsibilities (KRAs)

1. Claims: Ensure in-depth understanding of pricing and claims calculation, validation mechanisms and timely settlement of different types of distributor claims like secondary discount, subsidies, etc and depot claims like secondary transportation, rent, CFA commission and reimbursements, etc
2. Reconciliation of accounts: Ensuring timely reconciliation of accounts with various parties to ensure there are no pending claims to be settled.
3. Records maintenance: Ensure reporting teams maintain all records and backups of claim calculations in an organised manner with proper documentation.
4. Liaising with Supply Chain: Liaising with logistics teams to ensure any debits pertaining to shortages/ rate differences, etc are settled on a timely basis
5. Co-ordination with Sales team: Regular co-ordination with Sales teams to ensure smooth claims settlement and reconciliation of accounts
6. Analysis to ensure correct claim settlement: Conduct various analysis on primary/ secondary sales to ensure no excess claims are settled/ there are no errors in claims settlement
7. Setting SOPs: Establish SOPs for different commercial arrangements to ensure there are no leakages .

3. Key Performance Indicators (KPIs)

• Efficient and timely claims validation and settlement
• Timely reconciliation of accounts
• Setting SOPs for various commercial processes

Regards,

HR Team.