Deductions Analyst
Accounting & Finance/Accounts Receivable
LHH
$33.00 - $35.00 per Hour
Cherry Hill, New JerseyContract/Temporary
Accounts Receivable
Accounting & Finance
Pay: $33 -$35/hr
The Deduction Analyst, stationed at our Cherry Hill, NJ office, operates under the AR Supervisor's direction. This role is crucial in managing the daily activities within the accounts receivable sector of the Finance Department. Tasked with the prompt resolution of customer deductions, the analyst also analyzes patterns to forecast customer actions. Their key duties encompass conducting thorough analyses to determine the origins of deductions, confirming their validity, resolving them, and maintaining detailed records. The goal is to resolve deductions accurately and swiftly, adhering to departmental standards, with an emphasis on proactive deduction mitigation.
Responsibilities:
- Oversee a portfolio of top-tier Private Label and Branded clients
- Ensure prompt and accurate entry and upkeep of trade settlements
- Confirm promotional event specifics match trade agreements and highlight any inconsistencies
- Analyze patterns in deductions, including shortages, damages, unsaleable items, and pricing issues
- Monitor and reconcile deduction balances, securing necessary documentation from principal clients
- Develop strategies to mitigate and avert future deductions
- Collaborate with Customer Service and Sales teams to address and resolve deduction issues
- Engage with Accounts Receivable and clients for additional documentation, including navigating customer web-portals
- Assist the Manager with Key Performance Indicators (KPIs) assessments and periodic team briefings
- Initiate and lead changes in deduction management processes
- Partner with internal teams, external brokers, and clients to foster cooperative relationships
- Spearhead process enhancement initiatives and evaluate new system functionalities
- Support audit activities, both internally and externally
- Undertake additional general accounting duties and projects as needed
Essential Qualifications:
- Hold a Bachelor's degree in Accounting, Finance, or Business Administration.
- Possess 2-3 years of experience in Accounting or Finance roles.
- Have 1-3 years of work experience in the consumer products sector, particularly in manufacturing. Experience in the food and beverage industry is highly desirable.
- Demonstrates meticulous attention to detail coupled with robust analytical capabilities.
- Exhibits excellent communication skills, both in writing and speaking, along with strong interpersonal abilities.
- Shows a strong technical orientation and problem-solving mindset.
- Is a results-oriented professional with a verifiable track record of success.
- Can operate effectively both as an independent contributor and within a collaborative team environment.
- Is proficient in the use of Microsoft Office tools, including Excel, Word, and Outlook.
Contract/Contract-to-Hire Benefit Language
Benefit offerings include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and 401K plan. Our program provides employees the flexibility to choose the type of coverage that meets their individual needs. Available paid leave may include Paid Sick Leave, where required by law; any other paid leave required by Federal, State, or local law; and Holiday pay upon meeting eligibility criteria.
Pay Details: $33.00 to $35.00 per hour
Search managed by: Cassandra Coakley
Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.
Equal Opportunity Employer/Veterans/Disabled
To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy
The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.
Deductions Analyst
Accounting & Finance/Accounts Receivable
LHH
$33.00 - $35.00 per Hour
Cherry Hill, New JerseyContract/Temporary
Accounts Receivable
Accounting & Finance
Pay: $33 -$35/hr
The Deduction Analyst, stationed at our Cherry Hill, NJ office, operates under the AR Supervisor's direction. This role is crucial in managing the daily activities within the accounts receivable sector of the Finance Department. Tasked with the prompt resolution of customer deductions, the analyst also analyzes patterns to forecast customer actions. Their key duties encompass conducting thorough analyses to determine the origins of deductions, confirming their validity, resolving them, and maintaining detailed records. The goal is to resolve deductions accurately and swiftly, adhering to departmental standards, with an emphasis on proactive deduction mitigation.
Responsibilities:
- Oversee a portfolio of top-tier Private Label and Branded clients
- Ensure prompt and accurate entry and upkeep of trade settlements
- Confirm promotional event specifics match trade agreements and highlight any inconsistencies
- Analyze patterns in deductions, including shortages, damages, unsaleable items, and pricing issues
- Monitor and reconcile deduction balances, securing necessary documentation from principal clients
- Develop strategies to mitigate and avert future deductions
- Collaborate with Customer Service and Sales teams to address and resolve deduction issues
- Engage with Accounts Receivable and clients for additional documentation, including navigating customer web-portals
- Assist the Manager with Key Performance Indicators (KPIs) assessments and periodic team briefings
- Initiate and lead changes in deduction management processes
- Partner with internal teams, external brokers, and clients to foster cooperative relationships
- Spearhead process enhancement initiatives and evaluate new system functionalities
- Support audit activities, both internally and externally
- Undertake additional general accounting duties and projects as needed
Essential Qualifications:
- Hold a Bachelor's degree in Accounting, Finance, or Business Administration.
- Possess 2-3 years of experience in Accounting or Finance roles.
- Have 1-3 years of work experience in the consumer products sector, particularly in manufacturing. Experience in the food and beverage industry is highly desirable.
- Demonstrates meticulous attention to detail coupled with robust analytical capabilities.
- Exhibits excellent communication skills, both in writing and speaking, along with strong interpersonal abilities.
- Shows a strong technical orientation and problem-solving mindset.
- Is a results-oriented professional with a verifiable track record of success.
- Can operate effectively both as an independent contributor and within a collaborative team environment.
- Is proficient in the use of Microsoft Office tools, including Excel, Word, and Outlook.
Contract/Contract-to-Hire Benefit Language
Benefit offerings include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and 401K plan. Our program provides employees the flexibility to choose the type of coverage that meets their individual needs. Available paid leave may include Paid Sick Leave, where required by law; any other paid leave required by Federal, State, or local law; and Holiday pay upon meeting eligibility criteria.
Pay Details: $33.00 to $35.00 per hour
Search managed by: Cassandra Coakley
Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.
Equal Opportunity Employer/Veterans/Disabled
To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy
The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.