Accounts Receivable Deductions Analyst
Post Holdings Inc.
**Brand:** Post Consumer Brands
**Categories:** Finance
**Locations:** Lakeville, Minnesota
**Position Type:** Regular Full-Time
**Remote Eligible:** Yes
**Req ID:** 27169
**Job Description**
**Business Unit Overview**
Headquartered in Lakeville, Minn., Post Consumer Brands, a business unit of Post Holdings, Inc., is dedicated to providing people and their pets with delicious food choices for every taste and budget. The company’s portfolio includes beloved brands such as Honey Bunches of Oats®, PEBBLES®, Grape-Nuts® and Malt-O-Meal® cereal, and Peter Pan® peanut butter, as well as Nutrish®, Kibbles ‘n Bits® and 9Lives® dog and cat food. As a company committed to high standards of quality and to our values, we are driven by one idea: To make lives better by making delicious food accessible for all. For more information about our brands, visit www.postconsumerbrands.com and follow us on LinkedIn and Facebook for the latest news. Brand Post Consumer Brands recently acquired several iconic pet food brands, venturing into a new market while remaining true to our purpose to provide delicious and accessible food that our consumers love. We’re always searching the center store for the next exciting product to add to our portfolio, and right now, we’re growing and need passionate, driven individuals with diverse perspectives to help us reach greater heights. That’s where you come in. Join a team where your voice is not only heard but valued. Make a real impact on brands enjoyed by millions of people and their pets. At Post Consumer Brands, we take pride in our longstanding legacy of making one of every five breakfast cereals families eat daily. Today, we’re just as focused on our future as we expand our grocery business with different shelf-stable foods, including snacks and peanut butter. We are committed to providing accessible and delicious food for families, and we’re always searching the center store for the next exciting product to add to our portfolio. As we soar to new heights, we need creative, determined individuals from all walks of life to join our team, where your unique perspective and ideas are acknowledged and valued. Be a part of a company that empowers you to make a difference that’s evident on grocery store shelves and families’ tables across North America. Location Description Post Consumer Brands corporate headquarters in Lakeville, Minn. is about 20 miles south of Minneapolis and St. Paul, Lakeville has all the benefits of smaller town living with access to everything a large metropolitan area has to offer. Join more than 400 team members collaborating on the two-building campus to help put breakfast on the tables of millions of consumers in North America. Responsibilities POSITION OVERVIEW: To identify, research and analyze customer deductions for specific markets and customers to determine if they are valid and what follow through is needed. Initiate appropriate actions to resolve the deductions (i.e., credit memo, trade settlement, repayment letter, etc.). Determine if trade deductions and check requests meet promotional contract and proof of performance requirements. Settle approved trade and non-trade deductions and check requests in the Deduction Management System. Ensure all deductions are expensed against the correct general ledger account. Request payment on all unauthorized deductions and pursue collections of these deductions. Work Location: This position can be Remote or Hybrid at our Lakeville, MN location. Responsibilities and Accountabilities: Deduction Resolution: 1. Ensure deductions are set up correctly. 2. Research and identify the reason for deduction and determine next steps to clear deduction. 3. Update deduction status, action code, reason code, root cause code, performance dates and comments as they change in the deduction management system. 4. Work cross-functionally with other departments including Sales, Credit and Customer Operations. 5. Identify and research pricing, coupon, post-audit, shortage, etc., deductions and determine if they are valid or need to be repaid. 6. Initiate collection correspondence with customers for unauthorized deductions. Pursue collection of repayments with customer. Work with AR Deduction Supervisor on large dollar and aged deductions to resolve. 7. Pull customer invoices and proof of performance documents from customer portals or request supporting documentation from customers or brokers as needed. 8. Reconcile trade and invoice credits and open cash on account with appropriate deductions to clear. Research and resolve discrepancies. 9. Generate deduction reporting for internal business partners. 10. After analyzing data, notify appropriate departments of deduction trends and ongoing issues such as pricing, non-compliance fees, etc. 11. Request proof of delivery from freight companies to support shortage/damage claims. Trade Spend Verification and Settlement: 1. Administer trade deductions and check requests for specific markets and key customers in the HighRadius System. 2. Obtain proof of performance from customer, salesperson, brokers and ads from Market Track website. 3. Ensure there is a promotion entered into the Trade Promotion System. Verify proof of performance requirements were met. Verify deduction has not already been taken. 4. Settle valid trade deductions and check requests in the Trade Promotion System. Ensure appropriate fund, promotion, merch type, sub-merch type, dates, rates, cases, items are picked and the correct general ledger account is expensed. Qualifications EDUCATION: Two year accounting degree or certificate including general accounting, credits and debits, collections, data entry and Microsoft Office or equivalent experience. EXPERIENCE: Minimum of 3-5 years of experience in accounts receivable with strong emphasis in deduction resolution, problem-solving and collections. Knowledge of Sales and Marketing terms, deduction processing, proof of performance, Consumer Packaged Goods industry, and trade process. Strong organizational and written communication skills; ability to write original correspondence. Must be self-motivated with good problem solving skills and attention to detail. Intermediate knowledge of Excel. Proficient in handling multiple computer software systems i.e., HighRadius, CAS, JDE, etc. Tactful customer communications skills required. The pay range for this position is $47,077 - $64,024 per year.
Post Holdings provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, status as a covered veteran and any other category protected under applicable federal, state, provincial and local laws.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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