AR Deductions Analyst at B&G Foods, Inc. in parsippany, New Jersey

Job Description:

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The Deduction Analyst is responsible for managing the deduction resolution process for all deductions generated during the invoice payment process. The Analyst will be responsible for a portfolio of customers and their associated open receivables.

They will determine validity for authorized and unauthorized deductions, expense the authorized deductions to the appropriate General Ledger expense code, clear approved Trade related deductions to the proper promotional events and will manage the repayment process for unauthorized deductions.

Responsibilities:

• Responsible for the timely, accurate, approved entry and maintenance of trade settlements.


• Obtaining appropriate documentation to support the deduction.


• Using TPM to confirm authorized promotional spend.


• Interacting with Sales to understand the forecasted promotional spends and to reconcile promotion related deductions that are not in TPM.


• Verify promotion event details by confirming alignment and communicate discrepancies.


• Identify trends in deductions, such as shortages, damages, unsaleable, and pricing.


• Review and manage deduction balances, ensure receipt of proper documentation and information.


• Researching credit balances.


• Collect repayment of unauthorized deductions including documentation and support.


• Monitoring and reporting of repayment.


• Identify appropriate solutions in order to reduce and prevent deductions.


• Identifying deduction trends by Customer.


• Ensure compliance with the write off policy.


• Support the team Manager in KPIs review and weekly/monthly update with the team.


• Drive process change in the deduction area.


• Work collaboratively with a variety of individuals within the department, company and external brokers, and customers.


• Identify and implement process improvements.


• Provide support for internal and external audits.


• Perform other general tasks and projects as assigned.

Experience, Skills, Education:

• Bachelor’s Degree in Finance or Accounting Required


• At least 3 years business experience preferably in Accounts Receivable or Deductions


• Experience using Trade Promotion Modules - Oracle JD Edwards Enterprise One or AFS preferred


• Extensive Knowledge of Microsoft(Word, Excel, Power point)


• Experience with Customer/Vendor Portals


• Able to coordinate with cross functional departments


• Good verbal and written communication skills


• Action orientated to deliver results under time pressure


• Comfortable handling large amounts of data


• Service oriented attitude


• Able to adapt to changes quickly

Equal Employment Opportunity:B&G Foods is an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you’d like more information about your EEO rights as an applicant under the law, please see www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf.

Salary:

$60,000.00

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