Assists in maintaining financial records and ensuring that financial transactions are properly recorded. Ensures the accuracy of entries to ledger accounts and reconciles subsidiary ledger accounts to the general ledger. Compiles financial data to aid more senior accountants in the preparation of balance sheets, profit and loss statements and other financial reports. Assists in analyzing current costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses.
This position is HYBRID and will require in-office attendance 4 days per week at our Raleigh Corporate HQ at North Hills.
Summary:
Advance Auto Parts is seeking a dynamic Analyst, Vendor Incentives to support their Vendor Incentives team based in the US and India. The ideal candidate will have experience in analyzing contractual incentive programs for Vendors or other key constituents . This role involves ensuring accurate and timely recording of vendor incentive transactions and associated analysis of periodic activities. This is a hybrid role, with the expectation that the candidate will work 3 days a week in our offices in Raleigh, North Carolina.
Responsibilities:
Perform analytical reviews and interpretation of financial data and provide understandable explanations to non-financial business partners
Prepare vendor incentive income calculations, analyses and period end journal entries/reconciliations to ensure the general ledger accurately reflects income recognition and vendor receivables
Ensure vendor incentive allowances are collected on a regular cadence based on contractual terms
Review purchase projections to ensure accurate revenue recognition, compare future projections to historical purchase volumes as well as current year-to-date activity
Collaborate with cross-functional teams, such as Merchandising, Procurement, Accounts Payable, to inquire of any variables unknown to vendor incentives accounting
Reconcile vendor’s reported purchases with AAP queried net purchases to ensure proper income recognition and determine if reserves may be necessary
Assist in providing supporting documentation for quarterly reviews/year-end audits with internal, external and recovery auditors
Ad hoc projects, as necessary
Qualifications:
Strong analytical and problem-solving skills.
Microsoft Word, Excel, Access, AS/400 and Oracle skills
Must be able to analyze data, draw conclusions, interpret results, and make recommendations with respect to incentive calculations
Team player who also works well independently
Must be able to communicate effectively in both an oral and written manner
Solid understanding of US GAAP and other accounting principles
Detail-oriented with strong organizational skills.
Minimum of 2 years of experience in financial analysis, accounting, or related field.
Experience in vendor management or incentive programs is a plus.
Knowledge of automotive parts and the retail industry is beneficial.
Familiarity with financial software systems.
Education:
Bachelor’s degree in Business, Finance, Accounting, or related field.
Master’s degree a plus.
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