Deductions Analyst
Deductions Analyst
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$ 60 - 70
1 Vacancy
Job Description
Bemana is assisting our client in finding a Deductions Analyst to join their team. Our client is a dynamic engineering-driven company whose goal is to design and produce superior products that help customers solve their needs for Packaging Insulation and Componentry.
As a Deductions Analyst you willbe responsible for driving accuracy in revenue recognition minimizing financial exposure from customer deductions (highly retail customers) and identifying root causes to prevent recurring issues. This role not only manages the deduction resolution process but also leads and supports continuous improvement initiatives and cost reduction efforts. The ideal candidate will bring a strong analytical background a proactive mindset and experience managing cross-functional projects aimed at improving efficiency and driving sustainable cost savings.
This is a hybrid role with 2-3 days/week spent at HQ in Chesterfield MO.
Benefits:
- PAY: $60k - $70k base.If your target pay is higher we still encourage you to applywe could request adjustments based on experience and market conditions.
- 5% bonus opportunity.
- PTO: 2 weeks
- 401k 3% match.
- Medical dental vision.
- Other great benefits!
Essential Duties and Responsibilities:
- Investigate validate and resolve retail customer deductions through comprehensive analysis of supporting documents including invoices POs remittances and shipment records.
- Investigate validate and resolve deductions related to promotional allowance programs to ensure charge falls within plan.
- Document and maintain clear audit-ready records of all deduction activity in the Deduction Management System.
- Proactively identify recurring issues or trends in deductions; collaborate with Sales Customer Service Operations and IT teams to recommend and implement corrective actions.
- Manage accrual process for promotional allowances program and outstanding deductions.
- Lead or contribute to continuous improvement projects focused on streamlining the deduction management process and enhancing overall Accounts Receivable performance.
- Prepare detailed documentation for invalid deductions and communicate directly with customers to facilitate resolution and reimbursement.
- Drive resolution of open items within target timelines ensuring alignment with key performance indicators and business unit financial goals.
- Partner with internal stakeholders to understand customer compliance guidelines and minimize preventable deductions.
- Conduct root cause analysis on deduction activity to uncover process gaps inefficiencies or revenue leakage.
- Support and/or lead cost reduction initiatives by identifying opportunities to improve cash flow and reduce write-offs.
- Manage or assist in cross-functional projects that impact deduction resolution or customer claims processing.
- Perform reconciliations and validate deduction data against system reports to ensure financial accuracy.
- Maintain accurate records and adhere to company
policies for retention and compliance.
Education Requirements/Work Experience:
- Bachelors degree in Accounting Finance Business or a related field.
- 5 years of progressive experience in Accounts Receivable Deduction Management or related financial operations.
- Experience with retail customers is a plus.
- Demonstrated success in leading or supporting process improvement or cost savings initiatives.
- Proven ability to manage and execute projects that deliver measurable financial or operational outcomes.
- Strong understanding of accounting principles and ERP systems (NetSuite SAP Oracle etc.).
- Advanced proficiency in Microsoft Excel; experience with data analysis tools (Power BI Tableau) is a plus.
- Excellent interpersonal and communication skills with the ability to influence across departments and external partners.
- Strong organizational and prioritization skills; capable of managing multiple deadlines in a fast-paced environment.
- Self-starter with a continuous improvement mindset and the ability to challenge the status quo constructively.
Application Process
If your experience matches the description above submit your resume and one of our recruiters will be in touch to tell you more about the position and learn more about your experience and aspirations.
If your experience does not match this job description we still encourage you to reach out to one of our recruiters so we can learn about your professional aspirations for future job openings.
About Bemana
Bemana provides recruiting services to the nations equipment and industrial sectors. Our clients and candidates value us for our specialized recruiting expertise vast knowledge of the equipment and industrial job market and ability to solve their most challenging employment needs. We have successfully recruited thousands of top-level professionals filling a wide range of management sales engineering and technical positions across the nation.
Welcome to Bemana and we look forward to getting to know more about you.
Referral Program
Bemana offers a $500 reward for referrals that lead to a hire. So if this job or location is not for you but you know someone that might be interested send them this link and well send you a check if they get hired. Terms & conditions apply.
Required Experience:
IC
Employment Type
Full Time
