Job Vacancies/Consumer, Pharmaceuticals, and Retail
SUPERVISES
PURPOSE OF POSITION
- Execution of financial provisions of contracts/agreements with principals
- Management and control of finance-related processes of principal accounts
- Control of credit risk and credit processes
DUTIES AND RESPONBILITIES:
- Execution of financial provisions of contracts and agreements with principals
- Maintain new and revisions to principal information and contractual commercial terms in the SDS, PIMS, Maxiplan and Distribution Bullets.
- Disseminate relevant provisions of contracts/agreements to the concerned departments.
- Clarify contractual provisions to principals, as needed.
- Ensure the correct and timely payment to principals according to agreed payment terms.
- Ensure the correct and timely charging and collection/application of claims and fees against payables to principals according to agreed terms in the contract/agreements with principals.
- Provide relevant and timely information to VP Finance on issues that are inconsistent with or may possibly contravene any of the provisions in the contracts/agreements.
- Ensure, where possible, that proposed/actual changes in MDI’s operations are aligned with contracts/agreements entered into with principals.
- Prepare drafts of new/special agreements, as requeste
- Management and control of finance-related processes of principal accounts
- Approve claims from principals, principal payments, marketing funds, and journal entries prepared during the month-end closing process.
- Coordinate and ensure the resolution of rejected claims with concerned departments.
- Review item cost maintained in the SDS.
- Approve and confirm ERMS of principals.
- Evaluate, monitor and improve quality of AR Aging of principal accounts.
- Review and approve the reconciliation of the Purchases Payable Account.
- Ensure compliance to Regional Standards on Principal Claims and on Principal Confirmations (Accounts Payable, Claims Receivable, Marketing Funds)
- Attend to various requests of principals for issues resolution, information, reports, confirmation, reconciliation, etc.
- Evaluate, monitor and improve processes in the Principal Accounts Management Department for greater efficiency and responsiveness to the changing business environment.
- Prepare reports required by the Regional Finance Office and MDI Financial Reporting and Accounting Department
- Prepare new or revisions to standard operating procedures (SOP), work instructions (WI), job descriptions (JD), forms.
- Control of credit risk and credit processes
- Ensure that credit policies and procedures are correctly and consistently implemented by the Credit Management Team.
- Review weekly released orders, monthly changes in CL and payment terms, monthly reports on Credit quality indicators and credit risk management submitted to top management and to the Regional Risk Management Office.
- Provide direction and guidance to the Credit Officer and Credit Supervisor on credit issues that require special discretion and approval.
- Attend to various requests of trade customers and MDI departments for issues resolution, information, reports, confirmation, reconciliation, etc.
- Evaluate, monitor and improve processes in the Credit Management Department for greater efficiency and responsiveness to the changing business environment.
- Review and approve proposals for new or for revisions to standard operating procedures (SOP), work instructions (WI), job descriptions (JD), forms.
- Review and release orders up to Php5M.
- Ensure optimal results for accounts turned over for 3rd party collection and legal action.
- Staff Management
- Evaluate the performance of subordinates (supervisors and rank and file employees) and perform necessary actions to continuously improve them.
- Perform personnel administrative functions
- Performs other duties as required by VP-Finance, GM, and Regional Finance Office
EDUCATION REQUIRED
Graduate of BS Accountancy from a reputable college or university. Must be a Certified Public Accountant
EXPERIENCE REQUIRED
Minimum of 3 years experience in Finance Management
KNOWLEDGE AND SKILLS REQUIREMENT
- Must have a thorough understanding and exposure in all areas of the Finance Department
- Must be computer literate
- Must have basic knowledge of all phases of office work and sufficient knowledge of the nature of the company business
- Must be flexible yet firm in decision making with analytical skills
- Must possess good communication skills and relate effectively with individuals from all levels of the org.
- Must have planning and organizing abilities
- Must have initiative and good judgment
COMPETENCIES REQUIRED
- Analysis and Judgment
- Accountability and Responsibility
- Leadership
- Planning and Organizing
- Customer Care
- Communication
- Receptivity to Change
- Teamwork
- Stress Tolerance
- Adherence to Policies and Procedures