Accounts Receivable Analyst - Deductions

Suncast Corporation is the leading US-based designer, manufacturer, and distributor of high-quality resin products for the home and industrial markets. A privately held company headquartered in Western Chicago, Illinois, Suncast prides itself on 35 years of innovation and sustainability across a wide range of product categories with materials proudly sourced in the USA. Everything we do is supported by the strength and ingenuity of American workers and we are committed to helping families across the country make the most of their unique spaces. We utilize state-of-the-art machinery and innovative manufacturing techniques to consistently engineer products of the highest possible quality.

The Deduction Analyst will be responsible for reviewing trade allowance, compliance, and audit claims to assess their validity and accuracy. They will manage the process from beginning to end, reconciling the claim to the proper account or disputing the claim. This employee works directly with the Senior Deduction Analyst, AR-Manager, Director of Acct/Finance, Sales and Management to assist in the administration and monitoring of the allowance programs.

Responsibilities:

The following duties are considered essential to this position. Other responsibilities may be assigned.

• Evaluate validity of allowance, compliance and audit claims, and credit or deny as indicated; may include researching agreements, compliance rules or dispute procedures/requirements
• Monitor all allowances in portfolio to ensure they are set-up correctly and are accruing at sufficient levels to cover current and future deductions
• Audit customer allowance claims that exceed amount accrued, reviewing contracts and working with Sales to increase funding or recover funds
• Review activity in the Suspense GL and charge to the appropriate allowances
• Provide Sales with customer/buying group reporting and periodic allowance-related credit memos
• Support Sales with deduction data and reporting
• Monitor trends to identify compliance failures; work with appropriate parties to correct and prevent future deductions
• Proactively dispute compliance fines prior to deduction when possible, ensuring review within the dispute window
• Keep contracts, emails and other documents well organized
• Keep ongoing documentation of processes, including customer specific data
• Other projects and duties as assigned by the AR Manager and/or Sr Deductions Analyst
• Maintain positive internal and external relationships

Qualifications:

• High School Diploma required
• Bachelor’s degree in accounting, finance, or business-related field preferred
• Minimum of 3 years’ experience in accounting/finance role and experience working with vendor portals and Electronic Data Interface systems (EDI)
• Demonstrated ability to analyze large data sets and present results in clear, meaningful way
• Strong organizational skills; ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization
• Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively
• Strong aptitude for numbers with the ability to calculate amounts such as discounts, interest, commissions, proportions, and percentages.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Proficiency in programs with MS Office (Word, Excel and IBM Notes)
• Cognos, High Radius and AS400 experience is a plus
• Intermediate Excel experience. Ability to set up a spreadsheet, construct simple formulas and use pivot tables.

The Anticipated Pay Range for This Position: $65K-75K annually

Suncast offers a comprehensive benefits package including:

• Medical, Dental, Prescription Drugs, Vision insurance, Telehealth benefits
• Group Term Life insurance
• 401K with employer match
• Paid vacation time off
• Paid holidays
• Short- and long-term disability coverage
• Health Savings Accounts (HSAs) & Flexible Spending Accounts (FSAs) for health
• Paid Parental Leave (maternity & paternity)
• Tuition Reimbursement

All qualified applicants will be given equal consideration regardless of race, age, sex, disability, sexual orientation, gender identity, marital status, color, religion, protected veteran status or national origin.