Analyst-Deductions_24S1

Suncast Hiring Team•Batavia, IL

1d•Onsite

About The Position

The Deduction Analyst will be responsible for reviewing trade allowance, compliance, and audit claims to assess their validity and accuracy. They will manage the process from beginning to end, reconciling the claim to the proper account or disputing the claim. This employee works directly with the Senior Deduction Analyst, AR-Manager, Director of Acct/Finance, Sales and Management to assist in the administration and monitoring of the allowance programs.

Requirements

High School Diploma required
Minimum of 3 years’ experience in accounting/finance role and experience working with vendor portals and Electronic Data Interface systems (EDI)
Demonstrated ability to analyze large data sets and present results in clear, meaningful way
Strong organizational skills; ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization
Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively
Strong aptitude for numbers with the ability to calculate amounts such as discounts, interest, commissions, proportions, and percentages.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Proficiency in programs with MS Office (Word, Excel and IBM Notes)
Intermediate Excel experience. Ability to set up a spreadsheet, construct simple formulas and use pivot tables.

Nice To Haves

Bachelor’s degree in accounting, finance, or business-related field preferred
Cognos, High Radius and AS400 experience is a plus

Responsibilities

Evaluate validity of allowance, compliance and audit claims, and credit or deny as indicated; may include researching agreements, compliance rules or dispute procedures/requirements
Monitor all allowances in portfolio to ensure they are set-up correctly and are accruing at sufficient levels to cover current and future deductions
Audit customer allowance claims that exceed amount accrued, reviewing contracts and working with Sales to increase funding or recover funds
Review activity in the Suspense GL and charge to the appropriate allowances
Provide Sales with customer/buying group reporting and periodic allowance-related credit memos
Support Sales with deduction data and reporting
Monitor trends to identify compliance failures; work with appropriate parties to correct and prevent future deductions
Proactively dispute compliance fines prior to deduction when possible, ensuring review within the dispute window
Keep contracts, emails and other documents well organized
Keep ongoing documentation of processes, including customer specific data
Other projects and duties as assigned by the AR Manager and/or Sr Deductions Analyst
Maintain positive internal and external relationships