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SHARON NUROCK RECRUITMENT CC
Commercial Finance Specialist (Trading Terms, Rebates & Contract Finance)SHARON NUROCK RECRUITMENT CC • Durban, South Africa
Commercial Finance Specialist (Trading Terms, Rebates & Contract Finance)

Commercial Finance Specialist (Trading Terms, Rebates & Contract Finance)

SHARON NUROCK RECRUITMENT CC • Durban, South Africa
3 days ago
Job description


SUMMARY:
Do you understand how supplier rebates, allowances, promotional agreements and growth incentives move from a signed commercial agreement into an ERP system and ultimately into accruals, billing and supplier settlements?

We are looking for a Merchandise Commercial Specialist to manage the full lifecycle of supplier trading terms and other commercial contracts within a complex retail environment.

This position carries greater responsibility for interpreting commercial agreements, overseeing the team responsible for capturing them, approving financial master-data changes and resolving discrepancies or disputes.

POSITION INFO:
You are likely to be a strong match if you have: A relevant Degree or Diploma in Commerce, or a related field, or equivalent experience. Approximately 3 to 5 years' experience in contract administration, commercial operations, rebate administration or retail finance support. Strong knowledge of retail trading terms, including rebates, allowances, promotional agreements, volume tiers and growth incentives. Experience translating contractual terms into system rules, calculation methods and accounting treatments. Practical experience with SAP, an equivalent ERP or a contract-management system . Exposure to accruals, reconciliations, settlements and supplier disputes. Experience supervising or guiding a small operational team. Previous experience within a retail, grocery or environment . What you will be responsible for: Oversee the accurate capture and maintenance of supplier and commercial agreements. Ensure rebates, allowances, promotional mechanics, growth incentives and other trading terms are correctly reflected in the system. Translate commercial wording into effective dates, calculation rules, tiers, thresholds, accounting codes and posting instructions. Manage contract amendments, renewals, extensions and terminations. Maintain appropriate version control, approvals and supporting documentation. Review and approve financial master-data changes within delegated authority. Ensure contract data is complete, accurate and supported by the required approval evidence. Provide contract calculations and supporting information for accruals, chargebacks, reconciliations and supplier settlements. Investigate discrepancies and work with suppliers, commercial teams and finance to resolve disputes. Monitor contract expiries, upcoming renewals and outstanding documentation. Maintain strong controls, segregation of duties and audit-ready records. Produce reports on contract status, trading-term coverage, disputes and financial performance. Identify opportunities to automate contract intake, validation and approval processes. Guide and develop the team responsible for day-to-day commercial contract administration. Data monetisation and incentive programmes: The role will also support the financial administration of newer commercial models, including data-related services and performance incentives. This will involve: Translating licence fees, usage tiers or revenue-share arrangements into billing and financial rules. Validating invoicing, settlements and revenue-recognition information. Monitoring financial performance and investigating discrepancies. Supporting the design and implementation of commercial incentive programmes. Measuring performance against agreed revenue or margin targets. Ensuring contractual and system readiness before new initiatives are launched. What will set you apart: Working knowledge of SAP CCM or SAP S\/4HANA . Experience with supplier portals, EDI or other electronic contract-intake methods. An understanding of contract-to-ledger processes and the accounting impact of trading terms. Exposure to IFRS or GAAP principles. Experience managing the financial aspects of data monetisation, licensing or revenue-share models. Strong analytical and reconciliation skills. Experience resolving supplier disputes or investigating complex calculation differences. A record of improving or automating contract-management processes. The person we are looking for: You are commercially aware, financially astute and exceptionally attentive to detail. You can read a commercial agreement, identify what it means financially and ensure that it is reflected accurately in the system. You are also a confident communicator who can work across suppliers, commercial teams, finance and operational stakeholders. You are comfortable questioning discrepancies, enforcing controls and taking ownership of an issue until it is resolved. If you understand both the commercial intent behind an agreement and the financial mechanics required to make it work , apply now.

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Commercial Finance Specialist (Trading Terms, Rebates & Contract Finance) • Durban, South Africa

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