Rebate Management Specialist

Work Schedule

Environmental Conditions

Job Description

About Thermo Fisher Scientific

As part of the Thermo Fisher Scientific team youll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the worlds toughest challenges like protecting the environment making sure our food is safe or helping find cures for cancer.

Role

Rebate Management Specialist

Location/Division Specific Information

Based in the vibrant city of Bangalore Karnataka India our team is part of Thermo Fisher Scientifics global network.

Discover Impactful Work

Ensure rebate/VSP programs are configured correctly claims are processed accurately and on time and accruals reconcile with actuals minimizing margin leakage while enabling sales wins.

A day in the Life

• Request Intake & Requirements: Manage intake of rebate requests; gather commercial rationale scope and supporting data to ensure completeness and accuracy.
• Agreement Drafting & Approvals: Draft Vendor Support Agreements using approved templates. Coordinate cross-functional approvals with Sales Pricing Finance and Legal.
• System Configuration: Set up and maintain program parameters (rates tiers eligibility caps floors stacking) in the rebate management tool.
• Accrual Enablement: Partner with Finance to define accrual logic and timing. Monitor accrual postings investigate variances and ensure financial accuracy.
• Claim Processing: Load monthly claim files and run automated validations. Investigate exceptions and prepare settlement statements credit memos or AP requests.
• Reconciliation & Reporting: Perform month-end reconciliations and variance analysis. Deliver dashboards and insights on key performance metrics including denials and leakage drivers.
• Controls & Compliance: Maintain complete audit trails and ensure compliance with rebate floor policies. Support internal and external audits as needed.
• Continuous Improvement: Standardize templates and enhance automation opportunities. Maintain SOPs and support training for new processes or tools.

Keys to Success

Collaboration detail orientation and a proactive approach are crucial. You will be part of a dynamic team continuously striving for excellence in rebate management.

Education

Bachelors degree in Finance Accounting Business Data Analytics or related field.

Experience

4 years in pricing rebates channel finance.

Knowledge Skills Abilities

• Strong Excel (pivot vlookup/xlookup sumifs Power Query); SQL a plus.
• Experience with ERP (E1 SAP Oracle CPQ Salesforce) and a rebate platform is highly valued.
• Working understanding of price waterfalls accrual accounting and controls (SOX).
• Detail orientation analytical rigor collaborator management clear communication.

Physical Requirements / Work Environment

This role is primarily office-based with a dynamic and collaborative work environment.

Benefits

We offer competitive remuneration annual incentive plan bonus healthcare and a range of employee benefits. Thermo Fisher Scientific offers employment with an innovative forward-thinking organization and outstanding career and development prospects. We offer an exciting company culture that stands for integrity intensity involvement and innovation! Our Mission is to enable our customers to make the world healthier cleaner and safer. Watch as our colleagues explain 5 reasons to work with us. As one team of 100000 colleagues we share a common set of values - Integrity Intensity Innovation and Involvement - working together to accelerate research solve complex scientific challenges drive technological innovation and support patients in need. #StartYourStory at Thermo Fisher Scientific where diverse experiences backgrounds and perspectives are valued.

Apply today!

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race color religion sex sexual orientation gender identity national origin protected veteran status disability or any other legally protected status.