Note: The job is a remote job and is open to candidates in USA. Bel is seeking an Accounts Receivable & Deductions Analyst to manage the full accounting life cycle for a customer portfolio and support daily Accounts Receivable and Deductions operations. The role oversees cash application, deduction research and reconciliation, collections, dispute resolution, credit reviews, audit support, and special departmental projects.
Responsibilities
- Cash application: Manages daily cash receipts, retrieves lockbox deposits and ACH/EFT reports; creates electronic files and performs cash application. Maintain tracking files and make updates daily
- AR Balances: Collaborates with the Treasury group to reconcile the general ledger and bank accounts
- Deductions: Responsible for deduction research and clearing in a timely manner: Assess open Debit Memo’s ensuring consistent, timely & accurate reporting and reconciliation
- Websites: Monitors customer-based websites to obtain deduction and payment documentation
- EDI: Utilizes EDI platform to retrieve remittance details and solve invoicing issues
- Brokers: Prepare and process broker check requests, maintaining files and preventing deductions from occurring by processing check requests timely
- Escalations: Follow guidelines for proper escalation of unresolved items
- Credibility: Establish relationships cross-functionally and with Customers / Brokers to maintain a steadfast focus on achieving goals and meeting Key Performance Indicator (KPI) targets
- DEALS: Provides internal support cross-functionally regarding deals that can be closed or remain open due to unresolved deduction balances. Utilize trade management tool
- Collections: Monitor customer accounts, identifying past-due payments. Follow up with customers on past-due invoices via phone and/or email. Manage collection efforts. Maintain detailed records of collection activities, including communication of payment arrangements, and any actions taken
- Dispute Resolution: Investigate and resolve customer inquiries, deductions, billing disputes and/or past due invoices. File claims for all invalid deductions. Handle unique or complex billing scenarios
- Communication: Value added and action-oriented collaboration cross-functionally to Inform others of any specific issues or trends
- Credit Reviews: Verify the creditworthiness of customers, setting credit limits, and monitoring accounts
- Accounting Support: Prepare audit files (external, internal and tax) and month-end / fiscal year analyses
- Other duties : All other duties & special projects as assigned by direct manager or senior management
Skills
- High School Diploma or equivalent required
- 5+ years of related AR experience required
- 3+ years related experience in a deduction/collection role, analyzing and reconciling items such as: Trade/Billbacks, Shortages, Logistic Penalties, Spoils and/or other AR deduction miscellaneous items
- Highly proficient technology skills including ERP SAP ECC [or SAP HANA S4] systems and Microsoft Suite [specifically Excel, Word, and Power Point] required
- Ability to work independently and as part of a team; Strong organizational and time management skills
- Flexibility and adaptability : Readiness to adapt to different workflows, communication styles, and priorities as needed to effectively collaborate with various departments and external entities
- Possesses high credibility, integrity, and adaptability: Effective in establishing rapport and building productive relationships with team members and cross-functional partners
- Demonstrates professionalism & excellent interpersonal and communication skills (written and verbal)
- Exceptionally detailed and organized, with the ability to step back and analyze for anomalies
- Some accounting college coursework is preferred
- Experience working with Trade Fund/Promotion Management tools preferred
Benefits
- Bonus Opportunity: 5%
- PTO and Medical, Dental and Vision Benefits from Day 1
- 401k Match
- Fully Remote
Company Overview