Head, Supply & Commercial Finance at Truss Ugavi Limited

Job Description

• Our client is lookign to recruit for the role of Head, Supply & Commercial Finance. The primary focus is on establishing top-tier Supply Chain Finance and Commercial Departments while enhancing financial awareness within Supply Chain, Marketing, and Sales through training and development.

Key Responsibilities

• Responsible for making sure that all vendor accounts are accurate and up-to-date and that all payments are made when due within agreed payment terms.
• Ensures only legitimate payments are processed; inter-company payments are reconciled and paid by the agreed dates.
• Responsible for preparing AP vendor account reconciliation & aging analysis report, ensure reconciliation issues are resolved timely with no unknown exposure to the company.
• This role manages P to P processes, compliance, and control, guarantees the right payment metrics and improve the payment process.
• The role implements and monitors the SLA (Service Level Agreement) agreed internal & external stake holders.
• Ensuring correct estimate and provisioning of expenses at month end and tracking of provisions against actuals
• Works with all internal and external stakeholders/associates of the company.
• Manage the Organization’s Vendor payment using business-specific metrics.
• Consistently Deliver Great Performance - Working closely with Supply Chain, Commercial, Demand, Human resources, Internal & External Auditors, and Vendors to deliver world-class performance in respect of our Procure to Pay.
• Create Conditions for People to Succeed - Leading the P-to-P team. Track the performance define performance metrics for the team.
• Constantly guarantee right Vendor Payments
• Right application of taxes and duties on Vendor Invoices
• Define performance metrics for evaluation of team performance.
• Assists to implement a rigorous reporting framework of business process performance on payment processes and metrics.
• Reports on and escalates process non-compliance in the P-to-P process (prepares process performance reports) as per the consequence management framework.
• Reconciles processed work by verifying entries and comparing system reports to balances.
• Charges expenses to accounts and cost centres by analysing invoice/expense reports, recording entries.
• Pays vendors by monitoring discount opportunities; verifying federal id numbers and tax identification numbers (TIN); scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation; ensuring credit is received for outstanding memos; issuing stop-payments or purchase order amendments.
• Pays employees by receiving and verifying expense reports and requests for advances, preparing checks.
• Maintains accounting ledgers by verifying and posting account transactions.
• Verifies vendor accounts by reconciling monthly statements and related transactions.
• Maintains historical records by microfilming and filing documents.
• Disburses petty cash by recording entry and verifying documentation.

Minimum Requirements

• Graduate in any discipline. At least Any one of the professional certifications ACA, ACCA, CIA, CRMA, CISA, CFE preferred.
• High professional acumen and integrity
• Qualified accountant / ACCA / Chartered Accountant
• Significant experience in FMCG company leading or co-leading the Supply Chain Finance department (e.g. BPM, COGS, CAPEX & Inventory)
• Extensive experience using ERP and data mining/base tools (e.g. SAP/BW or other) along with advanced Excel spreadsheets for modelling and reporting.
• Excellent analytical and problem-solving skills along with project management skills in a cross-functional/cultural team setting.
• Demonstrable experience in establishing credibility, influencing, and working at senior management levels along with self-starter, high commitment, delivering against goals with minimal supervision – the ability to hit the ground running.
• Capable of coaching, training, and developing people along with influencing stakeholders to execute flawless change-management projects.
• Able to lead and energize others through personal impact across the organization, always providing challenges to the Status Quo and building upon them

Working Experience:

• Around 15 Years in accounting, commercial and sales operations-related services in a large manufacturing organization preferably from an FMCG background at a strategic level.

Skills & Other:

• Knowledge of IFRS, IPPF, ISA, Microsoft Dynamics, report writing and financial accounting principles. Good at MS Office tools should have worked in an ERP environment.