Financial Analyst, Deductions
Glanbia is a better nutrition company focused on delivering better nutrition for every step of life’s journey. The Financial Analyst – Trade Spend position is responsible for clearing customer deductions, setting up promotional codes, and ensuring accurate booking of trade accruals while working closely with sales and customers.
Responsibilities
- Clearing of all Customers’ Deductions
- Set up Promotional codes within the System
- Ensure proper booking of all Trade Accruals month to month
- Review and audit each deduction to ensure the amount deducted is valid and accurate
- Work within the Trade Spend team
- Interact with Sales and Customers to clarify any deduction in question
- Create ad-hoc reporting to understand Actuals vs Budget costs
- Ensure accuracy of Pricing for all Customers at the item level
- Assist on any Trade Spend Budgeting process
- Maintain 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
- Process Journal Entries for any deduction clearance and prepare trade accruals
- 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
- Upload Promotional codes within SAP
- Provide ad-hoc deduction and trade spend reporting and analysis
Skills
- 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
- Assist on any Trade Spend Budgeting process
- 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
- Process Journal Entries for any deduction clearance and prepare trade accruals
- 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
- Upload Promotional codes within SAP
- Provide ad-hoc deduction and trade spend reporting and analysis
- 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
- Bachelor's degree in Accounting or Finance is a plus
- Strong communication and positive attitude is required
- Ability to maintain a pleasant and professional demeanor at all times
Benefits
- Staff discounts
- Generous family leave policy
- Health & dental plan
- Competitive salary
- 401K
Company Overview