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Deduction Analyst

Date: Oct 19, 2020

Location: Downers Grove, IL, US, 60515

Company: Glanbia

Company Summary:

Glanbia is a global nutrition company, grounded in science and nature and dedicated to providing better nutrition for every step of life’s journey. The company takes pure and clean ingredients including milk, whey and grains and using expert knowledge and capabilities produces high quality nutritional ingredients and branded consumer products for customers and consumers worldwide.

 

Glanbia Performance Nutrition is a wholly owned subsidiary of Glanbia located in Downers Grove, Illinois. GPN’s brand portfolio consists of – Optimum Nutrition, BSN, Isopure, Think!, Nutramino ABB, Body & Fit, Amazing Grass and SlimFast, each with its own brand essence. GPN manufactures and markets the full range of performance nutrition and lifestyle products including protein, pre-workout, muscle gainers, ready-to-eat snacks and general health. Products are sold through a variety of channels including specialty retail, the internet, gyms and FDM in a variety of formats including powders, bars and Ready-to-Drink beverages. GPN has a global and expanding footprint with a current in-market presence in 24 countries.

 

Glanbia Performance Nutrition has enjoyed consistent double-digit growth which has been achieved both organically and through acquisition. Today, GPN has approximately $1.2B in revenue and 2,500 employees worldwide. With state-of-the-art production facilities occupying over 500,000 square feet of operating space, GPN is the only sports nutrition company to manufacture and market items in every product category.

 

As the parent of Glanbia Performance Nutrition, Glanbia Plc is a global performance nutrition and ingredients group with leading market positions in cheese, whey proteins, sports nutrition and micronutrient premixes headquartered in Kilkenny, Ireland. Glanbia Plc has over 6,900 employees in 34 countries worldwide. Its products are sold or distributed in over 130 countries. The company is organized into a number of divisions; Glanbia Performance Nutrition (GPN), Glanbia Nutritionals, Glanbia Ireland and also a number of joint ventures. Revenues for Glanbia plc are approximately $4.1B. For more information visit the company website at: www.glanbia.com.

 

Job Summary: 

The Deductions Analyst is a key part of the GPN Trade Finance team primarily, responsible for reviewing, auditing and clearing customer deductions taken as payment for GPN’s various trade programs.  The Deductions Analyst at GPN will have a strong understanding of our customer trade spend activity and how each customer deducts for various trade programs.  This role requires a detail-oriented and process-oriented individual with a clear understanding of how to review and audit each deduction to ensure the amount deducted for is valid and accurate.  Additionally, the Deductions Analyst will play a key role in maintaining our actual trade spend database to facilitate reporting actual trade spend by customer and SKU.  Candidates for this role need to be self-motivated and highly organized. Furthermore, candidates need to have strong communication skills and the ability to work diligently and cross-functionally to resolve open issues and disputes with customers. 

 

Essential Functions:

  • Maintain a detailed understanding of all agreed upon trade spend at a customer and deal level
  • Work with customers and our A/R team to ensure customer deduction backup is received timely and follow-up when additional information is needed
  • Ensure deductions are properly categorized and coded to the correct customers, brands, spend category, deal codes, etc.
  • Perform in-depth analysis of all deductions received to validate that the deduction taken is in accordance with agreed upon terms and that the amount taken is accurate; maintain clear and detailed records of validation procedures performed
  • Dispute unapproved and inaccurate deductions with external customers in order to receive repayment; maintain strong customer relationships to ensure timely resolution
  • Convert customer deduction support to SKU level (as needed) and manage our internal SKU level trade spend database
  • Support the broader GPN Finance team with monthly reporting and accruals and various ad-hoc projects
     

Knowledge, Skills, and Abilities:

  • Proficient in Microsoft Excel
  • Strong oral and written communication skills
  • Ability to work cross-functionally and externally to resolve disputes and inaccurate deductions
  • Highly detail-oriented and especially accurate in performing tasks and cross-checking work
  • Ability to manage and work proficiently with large sets of data
  • Strong organizational skills with demonstrated accuracy and attention to detail
  • Trade promotion management system and/or SAP experience beneficial
  • Highly willing to learn and master new trade promotion management systems and processes as needed

 

Equal Opportunity Employer: Disability/Veteran. We are an equal opportunity and affirmative action employer that does not discriminate and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.


Nearest Major Market: Chicago