Deductions analyst

Job description for Deduction Analyst

The AR Collections and Deduction Analyst position is responsible for resolving deductions and reconciling the accounts timely.

Tasks, Duties, & General Responsibilities:

• Contact customers to exert every possible effort to secure payment on invalid deductions.
• Research and resolve customer deductions; coordinate with business partners to resolve contested items, recommend appropriate action for item handling. Either issue credit or contact customer to collect unauthorized deductions. (Off invoice and short payments)
• Review all deductions taken from customer payments, review remittance information to determine the reason for deduction.
• Review all documents supporting the customer claims, including purchase order copies, proof of delivery and invoices.
• Dispute all claims including shortages, pricing deductions, and violations; disputes are completed via web portal or via email.
• Retrieve data from customer web portals.
• Document all actions taken in ERP system so last action taken is readily available.
• Identify and implement areas for process improvement with will reduce customer deductions.
• Escalate issues to the supervisor/manager that require intervention/clarification from senior leadership.
• Research/Resolve customer short ship deduction (Returns, shortages, overages, etc.).
• Maintain aging reports and perform activities to resolve open receivables.
• Perform month end close activities and meet accounting close deadlines.
• Identify root causes of problems affecting payment of invoices, by analyzing relevant information and clearly communicating and collaborating internally and with customers to resolve root cause issues to prevent a reoccurring.
• Identify and resolve billing discrepancies (off invoice and short payments)

Qualifications

• Experience in Collections and Deductions. At least 5-7 plus years in similar profile.
• Master's preferred but not mandatory. Must have bachelor's degree in commerce/accounting/Finance.
• Working knowledge of SAP, a must
• FSCM Software application experience a plus.
• Domain Knowledge: Collections, deduction management, disputes settlement.
• Excellent oral and written communication skills are required, the ability to interact and collaborate with internal and external customers at all levels of management and staff globally.
• Knowledge of all Microsoft Office Products specifically Outlook, Excel, PowerPoint, and Word.

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