Trade Deductions Analyst (6-months contract)

Nestlé; Brampton; On-site; CAD 50,000 - 80,000; Full time

Job summary

An established industry player is seeking a Trade Deductions Analyst for a 6-month contract. This role focuses on ensuring accurate trade spend forecasts and processing promotional settlements. Ideal candidates will possess a degree in Finance or Business Administration and have strong analytical and communication skills. The position offers a supportive team environment with opportunities for growth and development. Join a company that values diversity and empowers its employees to thrive in a dynamic and fast-paced setting. If you're ready to make an impact in finance, this could be the perfect opportunity for you.

Qualifications

• University degree in Finance or Business Administration is required.
• Advanced skills in Microsoft Office are essential for this role.

Responsibilities

• Validate customer deductions against deal agreements for promotional spending.
• Audit system inputs and advise Key Account Managers on trade promotions.

Skills

Analytical Skills

Communication Skills

Interpersonal Skills

Self-starter

Time Management

Education

University Degree in Finance

Business Administration Degree

Tools

Microsoft Office

Power BI

RPA (Robotics Automation)

AI Tools

Job description

Trade Deductions Analyst (6-months contract)

Position Snapshot
Business areas: Nestlé Canada
Job title: Trade Deductions Analyst
Location: North York, ON located at 25 Sheppard Ave W, North York, ON M2N 6S8; Hybrid

A little bit about us

While Nestlé is known for KitKat, Gerber, Nescafe, and Häagen-Dazs, our recipe for success comes down to one thing: our people.
We strive to lead a people-focused culture that empowers employees to bring their authentic selves to work each day. There are 3,000+ members of Nestlé Canada celebrated for taking action using agility, courage, and trust to find solutions that benefit the business or greater good. We’re a team of changemakers, who are curious and challenge the status quo, that take risks that will help drive us forward.
Our focus is not only on nourishing our customers, but also about enriching you. We know that empowerment leads to strong employee engagement, a great work culture, and motivated employees.

Position Summary
Within this role you will be responsible to ensure high-quality trade spend forecasts, accruals and actuals. Your primary responsibilities include timely and accurate processing of promotional settlements for customer and vendor payments, auditing Trade plans inputs to ensure accuracy as well as maintaining net price architecture data and validating customer/vendor invoices to ensure authorized promotional spending.

A day in the life of a Trade Deductions Analyst:

1. Validate customers deductions against deal agreements for promotional spending
2. Achieve CDT and/or customer deduction monthly targets.
3. Audit system inputs and advise Key Account Managers (KAM) to deliver appropriate status of trade promotions to drive accurate Trade Spend accrual.
4. Develop appropriate controls within customer team to satisfy audit requirements.
5. Communicate customers on outstanding unauthorized deductions. This includes understanding the process for requesting and collecting repayment of invalid deductions, identifying trends, and resolving issues that cause invalid deductions.
6. Identify and drive process improvement by streamlining processes including the use of AI tools.
7. Provide insights to improve accuracy and efficiency of Trade Promotion Planning process within Customer Development Team (CDT).
8. Close monitoring of prior year accruals carried over into the current year to ensure timely settlement.
9. Ensure compliance with Nestle Accounting Standards.
10. Actively participate with internal and external stakeholders in dealing with, influencing, or motivating the accounts receivable collection and deduction resolution process.
11. Escalate any issues to the Sales Finance Manager (Co-Pilot) with a recommendation for resolution.
12. Follow-up and achieve timely resolution of any discrepancy with the KAM.

What will make you successful?

1. Completion of University Degree in Finance or Business Administration
2. Advanced Microsoft skills.
3. Working towards accounting designation would be an asset.
4. CPG experience in similar role would be an asset.
5. Knowledge/experience of working with Power BI, RPA (robotics automation) and AI tools would be a distinct advantage.
6. Self-starter with strong analytical skills, the ability to prioritize workflow and operate independently in a demanding, fast-paced environment.
7. Strong written and verbal communication skills, with the ability to convey information in understandable terms at all levels of the organization.
8. Strong interpersonal skills as candidate are required to deal with people both individually and in groups to resolve conflicts.
9. Ability to work in a multi-task environment with multiple, and sometimes conflicting priorities and specific time constraints.

We have a friendly, supportive team with a coaching and mentoring environment. There are real opportunities for future development and progression – this really could be a move towards the exciting finance career you’ve always wanted.

What you need to know

We will be considering applicants as they apply, so please don’t delay in submitting your application.
Nestlé Canada is an equal-opportunity employer committed to diversity, equity, inclusion, and accessibility. We welcome qualified applicants to bring their diverse and unique experiences as a result of their education, perspectives, culture, ethnicity, race, sex, gender identity and expression, nation of origin, age, languages spoken, veteran’s status, colour, religion, disability, sexual orientation and beliefs.
If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. Nestlé will work with you in an effort to ensure that you are able to fully participate in the process.