Accounts Receivable Deductions Analyst

Post Consumer Brands • Lakeville, MN

247d • $47,077 - $64,024 • Remote

About The Position

Post Consumer Brands, headquartered in Lakeville, Minn., is dedicated to providing people and their pets with delicious food choices for every taste and budget. The company's portfolio includes beloved brands such as Honey Bunches of Oats®, PEBBLES®, Grape-Nuts® and Malt-O-Meal® cereal, and Peter Pan® peanut butter, as well as Nutrish®, Kibbles ‘n Bits® and 9Lives® dog and cat food. As a company committed to high standards of quality and to our values, we are driven by one idea: To make lives better by making delicious food accessible for all. Post Consumer Brands recently acquired several iconic pet food brands, venturing into a new market while remaining true to our purpose to provide delicious and accessible food that our consumers love. We're always searching the center store for the next exciting product to add to our portfolio, and right now, we're growing and need passionate, driven individuals with diverse perspectives to help us reach greater heights. Join a team where your voice is not only heard but valued. Make a real impact on brands enjoyed by millions of people and their pets. At Post Consumer Brands, we take pride in our longstanding legacy of making one of every five breakfast cereals families eat daily. Today, we're just as focused on our future as we expand our grocery business with different shelf-stable foods, including snacks and peanut butter. We are committed to providing accessible and delicious food for families, and we're always searching the center store for the next exciting product to add to our portfolio. As we soar to new heights, we need creative, determined individuals from all walks of life to join our team, where your unique perspective and ideas are acknowledged and valued. Be a part of a company that empowers you to make a difference that's evident on grocery store shelves and families' tables across North America.

Requirements

• Two year accounting degree or certificate including general accounting, credits and debits, collections, data entry and Microsoft Office or equivalent experience.
• Minimum of 3-5 years of experience in accounts receivable with strong emphasis in deduction resolution, problem-solving and collections.
• Knowledge of Sales and Marketing terms, deduction processing, proof of performance, Consumer Packaged Goods industry, and trade process.
• Strong organizational and written communication skills; ability to write original correspondence.
• Must be self-motivated with good problem solving skills and attention to detail.
• Intermediate knowledge of Excel.
• Proficient in handling multiple computer software systems i.e., HighRadius, CAS, JDE, etc.
• Tactful customer communications skills required.

Responsibilities

• Identify, research and analyze customer deductions for specific markets and customers to determine if they are valid and what follow through is needed.
• Initiate appropriate actions to resolve the deductions (i.e., credit memo, trade settlement, repayment letter, etc.).
• Determine if trade deductions and check requests meet promotional contract and proof of performance requirements.
• Settle approved trade and non-trade deductions and check requests in the Deduction Management System.
• Ensure all deductions are expensed against the correct general ledger account.
• Request payment on all unauthorized deductions and pursue collections of these deductions.
• Ensure deductions are set up correctly.
• Research and identify the reason for deduction and determine next steps to clear deduction.
• Update deduction status, action code, reason code, root cause code, performance dates and comments as they change in the deduction management system.
• Work cross-functionally with other departments including Sales, Credit and Customer Operations.
• Identify and research pricing, coupon, post-audit, shortage, etc., deductions and determine if they are valid or need to be repaid.
• Initiate collection correspondence with customers for unauthorized deductions.
• Pull customer invoices and proof of performance documents from customer portals or request supporting documentation from customers or brokers as needed.
• Reconcile trade and invoice credits and open cash on account with appropriate deductions to clear.
• Generate deduction reporting for internal business partners.
• Notify appropriate departments of deduction trends and ongoing issues such as pricing, non-compliance fees, etc.
• Request proof of delivery from freight companies to support shortage/damage claims.
• Administer trade deductions and check requests for specific markets and key customers in the HighRadius System.
• Obtain proof of performance from customer, salesperson, brokers and ads from Market Track website.
• Ensure there is a promotion entered into the Trade Promotion System.
• Settle valid trade deductions and check requests in the Trade Promotion System.

Benefits

• The pay range for this position is $47,077 - $64,024 per year.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Food Manufacturing
• Education Level: Associate degree