Assistant Manager Finance

Assistant Manager Finance – CFS – Chennai Vallur

Job Purpose/Objective

• To manage and control Debtors ageing, Debtors reconciliation, Customer follow up for outstanding.
• To manage and control incentive provisioning, tax-related audits and queries, incentive payment processing and accurate maintenance of financial records.
• To ensure the credit limit for the customers and ECL provisioning.
• The role is critical for ensuring regulatory compliance, cost optimization and smooth financial operations by collaborating closely with internal and external stakeholders.

Key responsibilities

• Debtors Review, Credit limit and Control
• Outstanding follow up with the Customers and Debtors Reconciliation
• Prepare incentive provisioning calculations based on approved schemes and business inputs.
• Maintain and update the incentive provision tracker regularly with actual payments.
• Communicate approved incentive amounts to relevant stakeholders.
• Handle tax-related queries and audits by providing necessary documentation and support to ensure compliance.
• Initiate and follow up on credit note approvals related to incentive disbursements.
• Coordinate with the Finance team to ensure timely processing of incentive payments.
• Manage AP/AR netting processes to ensure accurate and efficient financial reconciliation.
• Conduct cost savings analysis and contribute to identifying areas for financial efficiency and improvement.
• Initiate and follow up on credit note approvals for processed incentive payments.
• Manage Accounts Payable (AP) and Accounts Receivable (AR) netting processes to streamline financial reconciliation.
• Co -ordination for preparation on the monthly MIS reports

QUALIFICATIONS & COMPETENCIES

Skills and Competencies

• Qualified Chartered Accountant.
• 5–10 years of experience in a finance or accounting role, preferably in incentive processing or tax handling.
• Good analytical and problem-solving skills, particularly in cost analysis and budgeting.
• Strong understanding of accounting principles and financial reporting.
• Excellent communication skills – both written and verbal.
• Attention to detail and accuracy in managing large datasets and financial records.
• Excellent communication and coordination skills for stakeholder engagement.
• Ability to manage multiple tasks and meet tight deadlines.
• Knowledge of tax regulations and experience handling audits is a plus.
• Experience in handling audits and preparing necessary financial documentation.

Stakeholder

Internal: Other departments, Management

External: GST

Educational Qualification (min)

• Chartered Accountant.

Preferred Certifications if any

-Range/ Min no of years - of overall Experience required

• Around 5 to 10 years ofoverall experience, with at least 5 years of core experiencein finance, accounting, provisioning and budgeting

Min no of years of Industry specific experience required, if any & the industry type

• Minimum 2 years of experience ( LOGISTICS/SHIPPING)