Deduction Specialist

1 week ago

Richmond Hill, Ontario, Canada Bento Sushi Full time

DEDUCTION SPECIALIST
Join Team Bento and be a part of our group of companies which operates more than 5600 locations globally.

With operations across Canada and United States, Bento brings together a dynamic team of people with diverse backgrounds, experience, and talent, to create an exceptional guest experience.


Come roll with us as a
Deduction Specialist and play a key role in "Creating better food for everyone, the Japanese way".


Why you should join our team:

  • Group health benefits and retirement plan for eligible employees
  • Educational scholarships through our Bento Sushi Foundation as well as funding for other rewarding causes such as seafood sustainability and community involvement.
  • Corporate Wellness Program that you can participate in, to take care of your health and wellbeing.
  • Extensive training and opportunities for career advancement.
  • This position is hybrid work set up.

Responsibilities

  • Building strong working relationships with Sales teams, as well as the accounting and finance team to understand the deduction programs and their accounting impacts.
  • Compile, review, and reconcile trade spend deductions from customer remittances (e.g. discounts, promotion spend, admin fees etc.).
  • Obtain Backup from customers portals for all deductions.
  • Analyse and verify customers debit claims.
  • Work with customers to dispute and obtain repayment for invalid claims.
  • Liaise with Accounts Receivable team ['A/R'] to ensure approved deductions are booked appropriate in the general ledger.
  • Prepare and post deduction journal entry adjustments, as required.
  • Support the A/R team with clearing deductions through the accounting system, as required.
  • Ensure compliance to deduction and rebate programs and monitor for risks and opportunities.
  • Periodend close activities as related to rebates and deductions.
  • Create and manage deduction reports by customer on aged deductions, and other trade spends.
  • Responsible for monthly balance sheet reconciliations as outlined by Accounting Manager.
  • Ad-Hoc duties as assigned.

Qualifications

  • Postsecondary education in Business, Accounting, or related field; or related experience preferably in a manufacturing/CPG environment.
  • Strong attention to detail and ability to work with a high degree of accuracy.
  • Able to work efficiently and manage deadlines in a fastpaced business environment.
  • Excellent verbal and written communication skills; be able to comprehend and articulate accounting issues from nonaccounting/crossfunctional teams and be able to recommend pragmatic solutions.
  • Proficient in the use of Microsoft Suite i.e. Word, Excel, and Outlook (intermediate skills or higher in excel considered an asset).
  • Knowledge of accounting software an asset (experience with Microsoft Dynamics
  • JustFoods would be considered an asset).
  • Demonstrate a high level of autonomy and selfmotivation who takes direction well but has a clear understanding of how to organize the daytoday functions, asks questions and engages in selfdirected learning to tackle new tasks.
  • Can multitask with confidence and ease.
  • Willing to work Monday to Friday in traditional office hours and infrequently work beyond these parameters to meet mission critical deadlines.
  • We are committed to providing accommodations for persons with disabilities. If you require accommodation, we will work with you to meet your needs.
- #bentoH

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