Deduction Analyst
- Chicago, United States
Posted 26 days ago
About the role
Foodservices Brand Group is a fast-growing company composed of three dynamic operating units: 1880 Retail, 1880 Hospitality, and Tomlinson Industries. These businesses span multiple channels and product categories, including retail, food service, and industrial components. The largest segment is retail, representing over 80% of company sales. Growth in this segment is driven by the Pyrex and Snapware brands, which lead the North American market through a supply agreement with a longstanding domestic glass manufacturer. Each business unit plays a vital role in delivering high-quality, branded solutions tailored to its unique audience.
Deductions Analyst Responsibilities:
· Review and analyze customer deductions to identify root causes, such as pricing discrepancies, promotional allowances, compliance and other chargebacks
· Collaborate with cross-functional teams, including sales, customer service and accounting, to investigate and resolve deduction issues in a timely manner
· Maintain accurate records of deduction activities, including tracking and reconciling open deductions, adjustments and recoveries
· Develop and implement strategies to minimize deductions and improve deductions management processes
· Prepare and analyze deduction reports, providing insights and recommendations for process improvements and revenue optimization
· Communicate effectively with internal stakeholders and external customers to address deduction inquiries and resolve disputes professionally
Deductions Analyst Requirements:
· 3+ years of deductions management experience within the retail or related industry.
· Showcase your proficiency in ERP systems, demonstrating your ability to navigate complex financial landscapes.
· Vividly experience is a plus.
· Detail-oriented mindset with a focus on accuracy and data integrity.
· Ability to prioritize tasks, meet deadlines and adapt to a fast-paced environment
Job Type: Full-time
Pay: $52,000.00 - $62,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Employee discount
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Prescription drug insurance
- Vision insurance
Application Question(s):
- Are you legally authorized to work in the United States without employer sponsorship?
Experience:
- Deduction Analyst: 3 years (Preferred)
Ability to Commute:
- Chicago, IL 60631 (Preferred)
Work Location: Hybrid remote in Chicago, IL 60631