Deduction Analyst - Hybrid Role

LASSONDE PAPPAS AND CO INC•Cherry Hill Township, NJ

4d•$62,000 - $70,000•Hybrid

About The Position

Lassonde Pappas & Co. is a US Leader in beverage manufacturing dedicated to our team members, customers and consumers satisfaction. We remain committed to our small-town roots and rural values. Hardworking and caring are qualities that make our teams special. Since 1942, we’ve been producing delicious products for our customers across the country! To provide the best for our customers, we focus on building the best team by creating and advancing an inclusive environment amongst our diverse workforce. If you’re passionate about customer satisfaction, reliable, and committed to being and doing better, join us! We value each of our employee’s total wellbeing. To support employees in all stages of their wellness journey, we have a robust benefits program including: medical, dental, and vision coverage options, growth and development potential, along with 401-K, Life & Disability Insurance, PTO, Tuition Reimbursement, Health Fairs, Gym Membership Discounts, and so much more! The Deduction Analyst reports to the AR Supervisor and is based out of our Cherry Hill, NJ location. This individual supports the day-to-day functional operations of the accounts receivable area for the Finance Department. The Deduction Analyst is responsible for resolving customer deductions in a timely manner while identifying trends that will influence customer behavior. Major responsibilities include root cause analysis, validation, resolution and reporting of all customer deductions. Accurate and timely resolution of all deductions within the department guidelines with a focus on deduction prevention.

Requirements

Bachelor’s degree in Accounting, Finance, and/or Business
2-3 years related experience in Accounting, Finance
1-3 years of relevant work experience in consumer products manufacturing (food and beverage strongly preferred)
Detail oriented with strong analytical skills
Excellent communication (written and verbal) and interpersonal skills
Strong technical ability and mindset
Results driven individual with a proven track record
Ability to work well independently and on a team
Proficient in Microsoft Excel, Word, and Outlook

Responsibilities

Manage a customer portfolio that includes the top Private Label and Branded customers
Responsible for the timely, accurate, approved entry and maintenance of trade settlements
Verify promotion event details by confirming alignment of terms against trade customer contracts and communicate discrepancies
Identify trends in deductions, such as shortages, damages, unsaleable, and pricing
Review and manage deduction balances, ensure receipt of proper documentation and information from key customers
Identify appropriate solutions in order to reduce and prevent deductions
Interact with Customer Service and Sales team to resolve deductions (including field sales and brokers regarding short paid invoices and backup documentation)
Follow up with AR/customer when additional documentation is required including customer web-portals
Support the team Manager in KPIs review and weekly/monthly update with the team
Drive process change in the deduction area (i.e. Unsaleable, Shortages, Payback)
Work collaboratively with a variety of individuals within the department, company and external brokers, and customers alike
Identify and implement process improvements and test new features/functions
Provide support for internal and external audits
Performs other general accounting tasks and projects as assigned