834 IT & Software Developer jobs in the US
Deduction Analyst
$85,000 - 125,000
Altor Solutions
Swingley Ridge Road 16401, Chesterfield
$85,000 - 125,000
Requirements
Must:
- Bachelors degree in Accounting, Finance, Business, or a similar discipline is preferred.
- At least 5 years of experience in Accounts Receivable, Deduction Management, or related financial functions, ideally with retail clients.
- Proven track record in leading or supporting process improvement and cost-saving initiatives.
- Demonstrated ability to manage and implement projects that yield significant financial or operational benefits.
- Strong grasp of accounting principles and ERP systems (e.g., NetSuite, SAP, Oracle).
- Advanced skills in Microsoft Excel; experience with data visualization tools (such as Power BI or Tableau) is an advantage.
- Exceptional interpersonal and communication skills, with the ability to influence stakeholders across departments and with external partners.
- Excellent organizational skills with the ability to prioritize tasks and meet multiple deadlines in a dynamic environment.
- A proactive mindset with a focus on continuous improvement and the capacity to constructively challenge existing processes.
- Experience in the manufacturing sector is preferred.
Responsibilities
- Conduct thorough investigations, validations, and resolutions of retail customer deductions through detailed analysis of invoices, purchase orders, remittances, and shipment records.
- Examine deductions related to promotional allowance programs to ensure compliance with established plans.
- Maintain meticulous, audit-ready records of all deduction activities within the Deduction Management System.
- Proactively identify recurring issues or patterns in deductions; work collaboratively with Sales, Customer Service, Operations, and IT teams to propose and execute corrective measures.
- Oversee the accrual process pertaining to promotional allowances and outstanding deductions.
- Lead or contribute to ongoing improvement projects aimed at optimizing the deduction management process and boosting overall Accounts Receivable performance.
- Prepare comprehensive documentation for invalid deductions and liaise with customers to facilitate resolution and reimbursement.
- Ensure timely resolution of outstanding items in alignment with key performance indicators and financial objectives of the business unit.
- Collaborate with internal partners to understand customer compliance guidelines, minimizing avoidable deductions.
- Conduct root cause analysis on deduction activities to discover gaps in processes, inefficiencies, or revenue loss.
- Support or lead initiatives aimed at reducing costs by identifying ways to enhance cash flow and decrease write-offs.
- Manage or assist in cross-functional projects influencing deduction resolution or customer claims processing.
- Execute reconciliations and validate deduction data against system reports to safeguard financial accuracy.
- Uphold accurate records and comply with company retention and compliance policies.
- Undertake additional tasks as required.
Description
We are seeking a Deductions Analyst to join our Finance/Accounting department, reporting directly to the Corporate Accounting Manager. This role is crucial in ensuring accuracy in revenue recognition, minimizing financial exposure from customer deductions, particularly from retail clients, and preventing recurring issues through detailed analysis and proactive measures. The ideal candidate will possess strong analytical skills, a proactive approach, and experience in managing cross-functional projects aimed at enhancing efficiency and achieving sustainable cost savings. We offer a collaborative work environment in a manufacturing setting, with opportunities for continuous improvement and professional development.
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The company with most openings is Jobot as they are hiring for 77 different Business Specialist jobs in the United States. They are probably quite committed to find good Business Specialists.