Finance Manager

Assistant Manager Job Code/ Requisition ID Location Gurgaon Travel Required As per requirement Department / Function Commercial Finance Position Name Assistant Manager Designation Assistant Manager Role Individual Team Reporting To General Manager Jo b Specification Reports to Credit Controller Span of control ( supervisory responsibilities ) Commercial Direct Reportee Yes Qualification/ Personal Attributes Minimum Qualification MBA / M. Com / B.Com Minimum Experience 4-6 Years Relevant/Additional Experience Functional knowledge of all aspects of Finance and Accounts. Delivery of effective Corporate finance strategies. Exposure to Credit & Risk Mgt tools and strategies. Products Consumer Electronics / Consumer Durables / FMCG / Power Job Description Key Responsibilities Channel Finance & Collection Strategy Support Mechanism for Channel Finance Onboarding strategy. Formulate Collection followup strategy region & channel wise. Customer wise collection tracking. Follow up with Region & Customer on Overdue collection in Banks. Timely Fetching of Payment from Customers CF Bank Account and timely Updation of Collection in SAP. Responsible for Security Cheques & Appointment forms mgt. Credit Limit Fixation & Updation in SAP Strict implementation of approved Credit Risk Policy standards. Credit Limit Calculation & updation in SAP every month. Blocking of Credit limits for non-receipt of Balance confirmations. Systematic review of Credit Limits for increase during the month. Reporting and MIS for Decision support system Provide strong internal reporting and operating systems to facilitate timely action and decision making. Provide strong Decision Support System for monthly review with Credit & Commercial Controller. Monthly Channel Finance analysis & reports for detailed updates Banks Limit Utilization Etc. Audit ,Compliance & Internal Control Ensure compliance of all processes & policies for operational efficiency across all functions and eliminate all Risk observations. Help in developing and implement various Auditing procedures in line with the standard Auditing and Accounting procedures. Facilitate standard procedures for tax and internal audit. Primary Interface- External Source Purpose External Customers Government Representatives, Agencies & Regulatory Bodies. Sales and Marketing Head for Sales Forecasting. Service team / New channels / new business teams. Audit Agencies, Tax Consultants and Banking teams. IT consultants for ongoing project execution. Primary Interface- Internal Internal Sales and Marketing Business Managers (Domestic and International) Logistics and Service Teams ( Domestic and International ) About Luminous Luminous Power Technologies, a leader in energy solutions, is a 35-year-old company which started as a small venture. Now on its brand transformation journey, its mission is to become a name synonymous with all-encompassing home electrical, power backup and residential solar solutions and create millions of happy homes in India. Today, Luminous is already a powerful, trustworthy brand name in 100 million Indian homes. During this successful journey, it has embraced the core values of reliability, consistency, longevity and the highest standards of integrity along with dynamic ideas and innovation. Its consumer-centric focus has led Luminous into new categories to deliver excellence in every product and home solution it offers. With 7 manufacturing units, more than 28 sales offices in India and presence in over 36 countries our 6000 employees serve more than 60,000 channel partners and millions of customers. Our motto has always been Customer Delight through Innovation & Passion with focus on Execution & Team-work. At Luminous, we passionately innovate to make life comfortable and efficient. Luminous is a group company of Schneider Electric , a global leader in energy management with presence in over 100 countries, 1.5 lakh people and a revenue of Rs. 2 lakh crore. Career Page- http://joinus.luminousindia.com/ LinkedIn- https://www.linkedin.com/company/luminous-power-technologies-p-ltd/ Home Page- https://www.luminousindia.com/about-us Glassdoor - https://www.glassdoor.co.in/Overview/Working-at-Luminous-Power-Technologies-P- EI_IE519545.11,40.htm Experience Level Mid Level