Collections and Deductions Jr. Analyst

Orlando, FL 32789

Posted: 11/08/2023 Employment Type: Temp To Hire Industry: ACCOUNTING Job Number: 24181

Job Description

Financial Additions has partnered with a Pharmaceutical Distribution Company in search of a Collections and Deductions Analyst.  This is a Remote position.

Company Offers:
  • Value driven workplace
  • A goal that develops leadership qualities in all employees.
Collections and Deductions Analyst will be responsible for:

• Monitoring and tracking the daily analysis of customer disputed invoices/short-payments on a very high volume-based activity.
• Performing analysis of customer accounts based on the customer's purchases, payment history, credit worthiness, credit limit exposure and our business strategy.
• Tracking and evaluating past due A/R accounts to reduce the risk of credit exposure
• Evaluating credit worthiness of accounts and determine proper account order hold or releases
• Ability to research cash application matters on customer account
• Evaluating aged items for bad debt write off and refund analysis
• Performing offsetting adjustments to ensure customer account balances are properly stated
• Contacting customers to secure payment on overdue balances, issues resolution on open items
• Providing guidance and support to Sales and Operations Managers, Logistics, Common carrier disputes, outside Distribution operations about the release of orders to accounts that have aged accounts receivable.
• Maintaining a strong cross functional communication with Sales, Logistics, and Management regarding identified account risks, potential credit problems, disputes and customer comments. Identify and escalate as necessary.
• Providing monthly and ad-hoc reports and updates to key stakeholders
Systems:
• Maintaining and managing all data related to customer discounts, allowances and other deductions in SAP
• Tracking work on deductions issues unless the issue is resolved
• Researching Cash Applications done on customers from Bank Statements
Compliance:
• Following SOP business rules, and through case creation, generate a credit memo where applicable to resolve customer financial disputes.
• Ensuring GAAP, SOX and Watts policies and procedures are adhered to and the ongoing operation, maintenance and controls of the AR system;
• Ensuring proper SOX documentation on customer accounts, credit memo issuance and approvals
• Supporting audits of deductions, payments and write-offs
• Identifying and assisting in the preparation of accounts for placement with collection agencies or 3rd Party activity.

Collections and Deductions Analyst background should include:
  • Associate degree in accounting or finance and 2 years of related experience
  • MS Excel (Advanced); SAP, Oracle
#INDVMS

Meet Your Recruiter

Tezma James

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