Manager, Trade Spend II

Sofina Foods Canada; Brampton; On-site; CAD 84,000 - 120,000; Full time

Job summary

Sofina Foods Canada is seeking a Finance professional to manage the trade spend function, including rebates, promotions, features, and deductions, ensuring approvals and reconciliations with GL balances.

Reporting to the Senior Manager AR Trade Spend, you will oversee accruals, ERP entries, and analysis of customer deductions, providing monthly management reports and insights.

Qualifications

• Finance degree or equivalent, CPA track.
• 5-7 years of financial analysis and trade spend experience.
• Experience with multiple ERP systems and Excel proficiency.
• Strong analytical and communication skills.

Responsibilities

• Manage all incoming Promotions Funding Requests and other program information prior to accrual setup.
• Administer ERP system for rebates, programs, warehouse fees, and off-invoice discounts.
• Collaborate with Sales and Business Performance to secure approvals on deductions outside the normal process.
• Coordinate supporting documentation for deductions requiring repayment and reconciliation with AR and Sales.
• Prepare monthly reports highlighting opportunities and risks for management.

Skills

Financial analysis

Pricing analysis

Trade spend analysis

Excel

MS Office

Communication skills

Education

Finance degree

CPA in progress

Tools

ERP systems

Job description

Position Summary

Reporting to the Senior Manager AR Trade spend, is accountable for managing and monitoring all aspects of the trade spend function as it relates to rebates, programs, features, warehouse, and off-invoice discounts accrual, processes, and deductions. This role must ensure that the appropriate approvals are in place as well as manage the risk of unauthorized deductions, while responsible for maintenance and reconciliation of all program accruals with GL balances

Key Accountabilities

• Manage all incoming Promotions Funding Requests, End User Contracts, and other program information being received to ensure Business Performance alignment is in order prior to accrual setup;
• Manage the ERP system for all rebates, programs, short term features, warehouse fees, and off-invoice discounts assigning appropriate codes, rates and GL links for correct accrual and efficient reconciliation of offsetting deductions;
• Collaborate with Sales, Business Performance, and others as required, ensuring proper alignment/approvals are received on deductions outside the normal approval process; lead set up of cadence for regular meetings and maintain action checklist with tasks and next steps.
• Coordinate supporting documentation for rejection of deductions requiring repayment and collaborate with Accounts Receivable and Sales for prompt repayment;
• Manage all customer program audits ensuring all supporting backup aligns with internal information and documentation; This role ensures that the appropriate approvals are in place
• as well as manage the risk of unauthorized deductions
• Manage GL balances monthly, reconciling as needed and making adjustments when necessary for changes to an existing, new or discontinued program, to ensure ongoing balances are accurate and relevant, including review prior to yearend;
• Manage month end customer rebate reports, ensuring timely receipt by customers and sales, and prompt processing of payment requisitions following fiscal month end;
• Responsible for communication of accrual and program details to sales or business performance;
• Analyze customer deductions that do not match authorized promotions and work with Business Performance to validate those deductions or secure customer repayment;
• Develop and prepare monthly reports to update management, highlighting any opportunities and risks;
• Maintain all price lists, programs, promotions in the ERP system.
• Ad hoc reporting for corporate presentation and per tasks assigned by the manager to analyze programs and work on special projects.

Requirements

• Relevant post-secondary education in Finance with/or working towards CPA;
• 5-7 years of relevant experience with financial analysis, Pricing and Trade Spend analysis;
• Experience working with multiple ERP Systems;
• Proficiency in Excel and other MS Office tools;
• Strong analytical & communication skills.

Hiring Range

• Hiring Range: CAD $84,070 - $120,220
• Bonus: This position is eligible for a bonus up to 10% of base salary subject to the plan terms and conditions.
• Please note that the expected hiring range provided is derived from a group of like roles within Sofina. The final offer amount for this role will be dependent on geographical region, applicable experience, skillset of the candidate and internal equity.

This position is currently an active vacancy.

Sofina Foods Inc. is committed to providing accessible employment practices that are in compliance with the Accessibility for Ontarians with Disabilities Act (‘AODA’). Applicants are asked to make their needs/requirements, for the purpose of accommodation under AODA, known to Human Resources when they are contacted for an interview.