Vendor Funds Analyst

Job Posting: Since 1953, Ferguson has been a source of quality supplies for a variety of industries. Together We Build Better infrastructure, better homes and better businesses. We exist to make our customers’ complex projects simple, successful, and sustainable. We proactively solve problems, adapt and grow to continuously serve our customers, communities and each other. Ferguson, a Fortune 500 company, is proud to provide best-in-class products, service and capabilities across the following industries: Commercial/Mechanical, Facilities Supply, Fire and Fabrication, HVAC, Industrial, Residential Trade, Residential Building and Remodel, Waterworks and Residential Digital Commerce. Ferguson has approximately 36,000 associates across 1,700 locations. Ferguson is a community of proud associates who operate with the shared purpose of building something meaningful. You will build a career that you are proud of, at a company you can believe in. Ferguson has a great opportunity as a Vendor Funds Analyst! This finance role is responsible for maintaining the financial integrity and accuracy of assigned vendor funds programs. Location: This role is approved to be either Remote within the United States or Hybrid in Newport News, VA, in accordance with company policy. Responsibilities:

• Financial accounting responsibilities include the calculation of rebate receivable and inventory reserve for vendor programs.
• Program description optimization – make recommendations to sourcing regarding changes to vendor agreements to enhance revenue.
• Program tier optimization - regularly track and suggest alternative purchasing plans to effectively achieve purchasing tiers and related revenue.
• Connect with vendors to ensure compliance with sourcing agreements, resolve issues and streamline the process.
• Provide direction to accounting department regarding the allocation of payments to individual business divisions.
• Assist in the creation of sourcing agreements to ensure that agreements are clear and understood by all parties.
• Ensure that negotiated vendor program details are accurately reflected in rebate calculation software.
• Reconcile vendor payments against defined program parameters to ensure receipt of accurate and timely payment.
• Analyze and compare vendor submitted information to our internal information to ensure that all eligible purchases are included in the rebate calculation.
• Responsible for collection of vendor payments and supporting data.
• Meet with category managers on a regular basis to update them on the status of their respective programs.
• Communicate with category managers and Finance on vendor program status and issues.

Qualifications:

• Bachelor's degree strongly preferred; or equivalent work experience.
• 2-4 years experience ideal in this area or related field.
• Medium to advanced knowledge of Excel, Access, Power BI, and SharePoint.
• Strong analytical and organizational skills.
• Must possess excellent communication skills and the ability to work in a fast-paced environment.
• Fundamental knowledge of the supply chain process.

At Ferguson, we care for each other. We value our well-being just as much as our hard work. We are committed to a holistic approach towards benefits plans and programs that support the mental, physical and financial well-being of our associates. Our competitive offering not only includes benefits like health, dental, vision, paid time off, life insurance and a 401(k) with a company match, but our associates also enjoy additional meaningful and inclusive enhancements that are adaptable to their diverse situations and needs, including mental health coverage, gender affirming and family building benefits, paid parental leave, associate discounts, community involvement opportunities and more! #LI-Remote

• Pay Range:

Actual pay rate may vary depending upon location. The estimated pay range for this position is below. The specific rate will depend on a candidate’s qualifications and prior experience. $3,899.70 - $7,333.70 Estimated Ranges displayed are Monthly for Salaried roles OR Hourly for all other roles. This role is Bonus or Incentive Plan eligible. Ferguson complies with all wage regulations. The starting wage may be higher in certain locations based on local or state wage requirements. The Company is an equal opportunity employer as well as a government contractor that shall abide by the requirements of 41 CFR 60-300.5(a), which prohibits discrimination against qualified protected Veterans and the requirements of 41 CFR 60-741.5(A), which prohibits discrimination against qualified individuals on the basis of disability. Ferguson Enterprises, LLC. is an equal employment employer F/M/Disability/Vet/Sexual Orientation/Gender Identity. Equal Employment Opportunity and Reasonable Accommodation Information Apply tot his job Apply To this Job