What are the responsibilities and job description for the Financial Analyst Deductions position at ARMADA?
Exciting News – We’re Moving!
As part of our continued growth and our commitment to fostering an exceptional, collaborative work environment, we’re thrilled to announce that our office will be relocating to a brand-new building at 2000 Innovation Drive, Wexford PA 15090 at the end of the year. In the meantime, hybrid employees will continue working from our current location at RIDC – O’Hara until the transition is complete.
We’re excited about this next chapter and look forward to welcoming new team members to our growing organization!
PURPOSE AND OBJECTIVES The Deductions Analyst is responsible for analyzing and resolving customer deductions in a timely and efficient manner, reducing risk to Armada. This position supports Accounts Receivables and sales teams to own the financial integrity of all deduction-related transactions. This role will investigate the existing deductions process to limit and streamline the recovery of future deductions as well as work closely with claims to verify all approved claims have been completed.
EXPECTATIONS AND TASKS
- Administrate and enforce deduction management policies
- Research deductions or short pays, including overages, shortages, cash discounts, promotional discounts, rebates, product returns, and other claims made by customers
- Validate and resolve deductions by collecting check copies, contacting customers for proof of performance and applying them against the payments received and promotion terms
- Responsible for the timely, accurate, approved entry and maintenance of trade settlements in management software solutions
- Communicate and follow up effectively with cross-functional team members, including Sales, Key Account Managers, Claims and Accounts Receivables
- Evaluate existing deductions management processes and propose solutions to improve the capture and resolution of deductions
- Escalate deductions as needed to drive aging deductions to resolution
- Identify root cause of deductions and coordinate efforts to resolve
- Perform other related duties as assigned
Education And Work Experience
- Bachelor’s Degree • 3 years of direct experience in related position, e.g., deduction resolution, financial analysis and/or accounting in Consumer Products trade promotions
- Knowledge of ERP, including JDE or Oracle (SAP TPM)
- Advanced proficiency in MS Excel
- Excellent verbal and written communication skills