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Financial Analyst - Deductions

Date: Sep 20, 2022

Location: IL, US, 60515

Company: Glanbia

Glanbia Performance Nutrition brands (Optimum Nutrition, BSN, Isopure, think!, SlimFast, Amazing Grass) are sold in more than 100 markets around the world. The growing global interest in healthy, active lifestyles means our portfolio appeals to a variety of sports performance, active and healthy-lifestyle consumers with a wide range of fitness motivations.

 

 

The Financial Analyst –  Deductions position will be responsible for the clearing of all Customers’ Deductions, set up Promotional codes within the System, and ensure proper booking of all Trade Accruals month to month. This position will work within the Trade Spend team, and interact with Sales and Customers to clarify any deduction in question. This person will create ad-hoc reporting to understand Actuals vs Budget costs, and ensures accuracy of Pricing for all Customers at the item level.

 

 

Essential Functions

 

  • Maintain trade accrual database to facilitate reporting of actual trade spend by customer and SKU
  • Detail review of customer deductions for accuracy to ensure each deduction is valid and supported
  • Process Journal Entries for any deduction clearance and prepare trade accruals
  • Detail tracking of communication to customers and status of each deduction
  • Reporting of Deduction aging, and understand customers’ deductions trends
  • Ensure deductions are properly coded to the correct customers, brands, SKU
  • Proactively identify trends and assist in implementing processes to continuously improve accuracy and efficiency of deductions and to prevent invalid deductions
  • Work with customers and AR team to ensure backup is received timely and follow-up when additional information is needed
  • Help in the process for approving Promotional Activities
  • Upload Promotional codes within SAP
  • Provide ad-hoc deduction and trade spend reporting and analysis

 

 

Essential Qualifications

 

  • Proficient in Microsoft Excel skills. Knowledge in SAP and Business Objects is a plus
  • Excellent oral and written communications skills
  • Ability to quickly change priorities and handle competing priorities
  • Must be extremely accurate and detail oriented in performing tasks and cross-checking work
  • Strong organizational skills with demonstrated accuracy and attention to detail
  • Bachelor’s degree in Accounting or Finance is a plus

 

 

 

We offer M/D/V/401k, PTO, tuition reimbursement, Flex Fridays plus access to free online learning & development, employee product discounts and Employee Resource Groups.

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Nearest Major Market: Chicago