Rebate Staff Accountant (956)

American Builders and Contractors Supply Co•Beloit, WI

About The Position

The Rebate Staff Accountant takes ownership of assigned suppliers’ rebate programs, with reconciliations as the primary responsibility. The role requires maintaining up-to-date, accurate work; analyzing variances; and using independent judgment to make appropriate accrual adjustments. The accountant also collaborates with colleagues and suppliers to investigate issues and improve the accuracy of supplier rebate calculations. The position includes reviewing supplier contracts and rebate records, completing month-end and quarterly tasks, reconciling incentives due versus received, processing payments and credits, analyzing supplier and branch variances, and tracking supplier issues and potential year-end incentives. Additional work may include documenting departmental procedures and supporting Co-Op special projects.

Requirements

Proficiency in Excel.
Excellent written and verbal communication skills.
Detail-oriented.
Self-starter.
Time-management skills.
Analytical thinking skills.

Nice To Haves

Bachelor’s degree in accounting is preferred.

Responsibilities

Organize daily work to maximize efficiency and productivity based on outstanding workload.
Review supplier contracts, rebate logs, and tables for program accuracy and determine whether modifications are needed for proper accruals and income payouts.
Complete designated month-end tasks.
Follow up with suppliers for payment as necessary under contract terms.
Code credits, deposit checks, and process ACH payments to the appropriate General Ledger account and program ID.
Reconcile assigned supplier programs according to the Manager – Supplier Incentives’ expectations.
Reconcile incentives due versus incentives received and meet expectations during the review process.
Analyze overall program and individual branch variances, determine materiality, and identify variances requiring further explanation.
Research rebate calculations and decide whether modifications are needed for more accurate accruals.
Follow up with suppliers to resolve missing credits, incorrect payment rates, product discrepancies, and other issues.
Obtain enhanced supplier backup to prepare comprehensive reconciliations.
Calculate deduction rates during reconciliation reviews and follow up on new accrual data to ensure changes are reasonable.
Complete quarterly chaining analysis, assess accrual accuracy, and recommend changes.
Maintain a file tracking each supplier program and a comprehensive listing of current supplier issues.
Regularly obtain and analyze supplier sales versus accruals to identify potential additional incentives for year-end programs.
Identify and resolve data discrepancies.
As needed, document departmental policies and procedures for knowledgeable tasks and work on Co-Op special projects.

Benefits

Health coverage, eligible after 60 days, with low out-of-pocket costs.
Dental coverage, eligible after 60 days, with low out-of-pocket costs.
Vision coverage, eligible after 60 days, with low out-of-pocket costs.
401(k) with generous company match, eligible after 60 days and immediately vested.
Employer-paid employee assistance program.
Employer-paid short-term and long-term disability.
Employer-paid life insurance.
Flexible spending.
Paid vacation.
Paid sick days.
Paid holidays.