Collections Analyst, Vendor Incentives Accounting

Advance Stores Company•Raleigh, NC

About The Position

Advance Auto Parts is seeking a dynamic Collections Analyst to support the Vendor Incentives Accounting function. The ideal candidate will have experience in managing a portfolio of Vendors with contractual obligations to provide Advance Auto Parts with a variety of incentives in order to secure additional purchases. This role requires a high level of attention to detail, a collaborative working style as well as the ability to manage multiple priorities. This is a key role in the Vendor Incentives area and requires someone with a passion for working with key Vendors, building relationships and the proactive collection of incentives earned by Advance Auto Parts.

Requirements

Bachelor's degree in Accounting, Finance, or related field.
Minimum of 2 years of experience in accounting, ideally with some experience in collections or Accounts Payable.
Strong level of knowledge in Accounts Payable processes and their impact on the General Ledger
Experience utilizing Oracle or similar ERP software.
Excellent analytical and problem-solving skills, with a high level of attention to detail.
Ability to collaborate cross functionally, working in a team environment.
Ability to work in a fast-paced environment and prioritize tasks effectively.

Nice To Haves

Experience in retail or automotive industry is a strong plus.

Responsibilities

Manage a portfolio of Vendor receivables earned as a result of various types of contractually agreed to incentive programs.
Ensure that all earned incentives are collected via Vendor credit memos, on-invoice credits or deductions from payables due to the respective Vendors.
Establish strong collaborative relationships with various stakeholders in the Merchandising and Procurement teams in order to thoroughly understand the various incentives with the respective Vendors, the validity of the outstanding incentive receivables as well as the timing of collections.
Establish strong working relationships with Vendor key contacts in order to facilitate prompt resolution of incentive issues and timely collection of incentives earned.
Collaborate with Accounts Payable to ensure alignment on invoice credits received and on-invoice credits from Vendors as well as facilitation of deductions for incentives from Vendor payments.
Proactively provide insight into any collectability issues on outstanding receivables in the portfolio.
Assist in periodic, quarterly and year-end close processes, ensuring timely and accurate financial reporting.
Assist internal and external auditors on audit related requests for information in conjunction with interim reviews, year-end audits as well as SOX and internal audits.
Identify opportunities for process enhancements and automation to improve efficiency and accuracy.
Manage conflicting priorities and ensure that are deadlines are successfully met.
Manage ad-hoc projects and tasks as assigned by senior management.