Financial Analyst Deductions

Glanbia; Downers Grove (IL); Hybrid; USD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Financial Analyst to join their Trade Spend team in Downers Grove, IL. This role involves managing customer deductions, ensuring accuracy in trade accruals, and creating insightful reports to analyze spending trends. With a focus on detail and process improvement, you will collaborate with sales and customers to resolve discrepancies. The company offers a competitive compensation package, including health and dental plans, generous leave policies, and opportunities for career development. Embrace a hybrid work environment that promotes a balanced lifestyle while making a significant impact in the finance sector.

Benefits

Health & Dental Plan

401K

Staff Discounts

Generous Family Leave Policy

Continuous Learning Platform

Qualifications

• Detail-oriented individual with a clear understanding of deduction auditing.
• Proficient in Microsoft Excel and familiar with SAP and Business Objects.

Responsibilities

• Clearing customer deductions and ensuring accurate trade accruals.
• Creating ad-hoc reporting to analyze actuals vs budget costs.

Skills

Microsoft Excel

SAP

Business Objects

Communication Skills

Organizational Skills

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Tools

SAP

Business Objects

Job description

The Financial Analyst – Trade Spend position will be responsible for the clearing of all Customers’ Deductions, set up Promotional codes within the System, and ensure proper booking of all Trade Accruals month to month. This role requires a detail and process oriented individual with a clear understanding of how to review and audit each deduction to ensure the amount deducted is valid and accurate. This position will work within the Trade Spend team, and interact with Sales and Customers to clarify any deduction in question. This person will create ad-hoc reporting to understand Actuals vs Budget costs, and ensures accuracy of Pricing for all Customers at the item level. This permanent position will report to the Sr. Finance Manager Trade.

• Maintains trade accrual database to facilitate reporting of actual trade spend by customer and SKU
• Administer and enforce deduction management policies
• Detail review of customer deductions for accuracy to ensure each deduction is valid and supported
• Detail tracking of communication to customers and status of each deduction
• Reporting of Deduction aging, and understand customers’ deductions trends
• Ensure deductions are properly coded to the correct customers, brands, SKU
• Proactively identify trends and assist in implementing processes to continuously improve accuracy and efficiency of deductions and to prevent invalid deductions
• Work with customers and AR team to ensure backup is received timely and follow-up when additional information is needed
• Help in the process for approving Promotional Activities and upload promotional codes within SAP
• Provide ad-hoc deduction and trade spend reporting and analysis

The Skills you will bring to the team

• Bachelor’s degree in Accounting or Finance is a plus
• Proficient in Microsoft Excel skills. Knowledge in SAP and Business Objects is a plus
• Excellent oral and written communications skills
• Ability to quickly change priorities and handle competing priorities
• Must be extremely accurate and detail oriented in performing tasks and cross-checking work
• Strong organizational skills with demonstrated accuracy and attention to detail
• Ability to tactfully communicate with customers and sales team to resolve any invalid deductions or disputes

Where and how you will work

The opportunity will be based in Downers Grove, IL with hybrid working arrangements available through our which allows you a greater choice in how you work and live, giving you a better work-life balance.

What we would like to offer you!

The opportunity to develop your career on a global stage, continuous learning through an on-demand learning platform, and a competitive compensation package including staff discounts, generous family leave policy, health & dental plan, competitive salary, 401K.

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Financial Analyst • Downers Grove, IL, US