Deductions Analyst - Toronto, Canada - Riverside Natural Foods Ltd.

Riverside Natural Foods Ltd.

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Are you hungry to innovate? To do things differently? To work with a company that's real, thoughtful and very forward-thinking?

Meet Riverside. We are an organic, "better for you" snack company, manufacturing award-winning, nutritious, allergen-free snacks. Your kids know us as MadeGood, tasty school-safe snacks. Your workout buddies grab GoodTo Go Keto certified bars. And your pup begs for a Cookie Pal treat, our human-grade, vegan dog treats.

At Riverside, we make delicious snacks that are good in every way. From our ingredients to our manufacturing practices, we've raised every bar on every aspect. We're friendly and focused on creating foods that are good for you and good to the planet as well. Riverside Natural Foods is B-Corp certified, Triple-Bottom Line, Zero Waste, and Canadian owned and operated.

Come work with a Canadian leader We value teamwork, humility, respect, ownership, adaptability, passion and fun.

We continue to grow and today are looking for a committed, talented, star to join our team as our Deductions Analyst.

As the Deductions Analyst "DA", you will provide support to the Finance team, focusing primarily on reconciling customer trade spend and compliance accounts against customer agreements and promotional contracts.

The DA plays a critical role in supporting the Finance department including timely and accurate processing of promotional and compliance settlements for customer and vendor payments, auditing Trade and compliance insight inputs to ensure accuracy as well as supporting the validating of customer/vendor invoices to ensure authorized promotional spending and compliance claims.

Primary Responsibilities:

Live and uphold the company's core values
Compile, review, code, and reconcile deductions from customer remittances (e.g. discounts, spoilage, penalties, MCB's, advertising and promotion spend, demos, OTIF, shortages etc.)
Ensure validation accounts are reconciled in a timely manner
Obtain backup from customers for all deductions
Analyze and verify customers debit claims
Liaise with accounts receivable team to ensure approved deductions are booked to the appropriate general ledger accounts
Work with customers to dispute and obtain repayment for invalid claims
Building strong working relationships with Commercial Finance, Customer Service/Supply Chain and Sales teams, as well as the accounting and finance team to understand the trade spend forecast, deduction programs and their accounting impact
Ensure compliance to trade spend programs, and monitor for risks and opportunities; Communicate customers on outstanding unauthorized deductions. This includes understanding the process for requesting and collecting repayment of invalid deductions, identifying trends, and resolving issues that cause invalid deductions.
Periodend close activities including validating and clearing deductions.
Create and share trade and compliance reports with commercial teams such as aged deductions for direct and indirect retail partners.
Connect monthly with Account managers to review trade and compliance actuals and discrepancies against trade spend forecast
Support special projects
Other duties as assigned

EDUCATION/EXPERIENCE/SKILLS:

Required

Postsecondary education in Business, Accounting, or a related field
Related work experience, preferably in a manufacturing/CPG environment
Experience with SAP or other ERP systems
Familiarity with Trade Promotion Management (TPM) systems
Strong attention to detail and ability to work with a high degree of accuracy
Able to work efficiently and manage deadlines in a fastpaced business environment
Excellent planning, organizing, multitasking and time management skills
A collaborative approach to work and a high level of initiative and flexibility
Excellent interpersonal and communication skills; good mathematical skills
Strong understanding of business processes
Strong computer skills, intermediate level or above for Microsoft Office Word, Excel and Outlook

What We Offer:

MadeGood and GoodTo Go products at employee prices
Health, Dental, and Vision benefits and Long-Term Disability insurance with all premiums paid by the company
RSP matching
Tuition Reimbursement Program
Valuesbased leadership

How to Apply:

Riverside Natural Foods is committed to providing an inclusive and accessible environment for everyone. If you have a disability and require accommodation in the interview process, please let us know when you apply.