Trade Deduction Analyst

2 weeks ago

Toronto, Canada Riverside Natural Foods Ltd. Full time

Are you hungry to innovate? To do things differently? To work with a company that’s real, thoughtful and forward-thinking?

Meet Riverside. We are an organic, “better for you” snack company, manufacturing award-winning, nutritious, allergen-free snacks. Your kids know us as MadeGood, tasty school-safe snacks. Your buddies on the go grab our GOOD TO GO delicious and nutritious snacks.

At Riverside, we make delicious snacks that are good in every way. From our ingredients to our manufacturing practices, we’ve raised every bar on every aspect. We’re friendly and focused on creating foods that are good for you and good to the planet as well. Riverside Natural Foods is B-Corp certified, Triple-Bottom Line, Zero Waste, and Canadian owned and operated.

Come work with a Canadian leader We value teamwork, humility, respect, ownership, adaptability, grit and fun.

We continue to grow and today are looking for a committed, talented, star to join our team as our **Trade Deduction Analyst**.**

**Position Summary/Objective**:
As the Trade Deduction Analyst “TDA”, you will provide support to the Finance team, focusing primarily on reconciling customer trade spend against customer agreements and promotional contracts.

The TDA plays a critical role in supporting the Finance department including timely and accurate processing of promotional, trade deductions settlements and post-audits for customer and vendor payments, auditing trade insights and inputs to ensure accuracy, as well as supporting the validating of customer/vendor invoices to ensure authorized spend.

**Primary Responsibilities**:

- Live and uphold the company’s core values
- Compile, review, code, and reconcile deductions from customer remittances (e.g. discounts, spoilage, penalties, MCB’s, advertising and promotion spend, demos, shortages etc.)
- Ensure validation accounts are reconciled in a timely manner
- Obtain backup from customers for all deductions
- Analyze and verify customers debit claims
- Process approved deductions in SAP and ensure they are booked to the appropriate general ledger accounts.
- Work with customers to dispute and obtain repayment for invalid claims
- Building strong working relationships with Sales Teams, AR, Finance, Commercial Finance, Customer Service/Supply Chain, to understand the trade spend forecast, deduction programs and their accounting impact
- Ensure compliance to trade spend programs, and monitor for risks and opportunities; Communicate customers on outstanding unauthorized deductions. This includes understanding the process for requesting and collecting repayment of invalid deductions, identifying trends, and resolving issues that cause invalid deductions.
- Period-end close activities including validating and clearing deductions.
- Create and share trade reports with commercial teams such as aged deductions for direct and indirect retail partners.
- Connect weekly/bi-weekly with account managers to review trade deductions, aging deductions and resolve any outstanding issues.
- Serve an SME to special projects, including but not limited to your role scope, engaging with other departments, external vendors or consultants and other tasks (eg. SAP, SAC BI, Tableau, processes, or tools)
- Review monthly aging deduction reports with commercial, sales team or other team members - with the goal to close off any aging deductions and reduce the aging time. Prepare insights for issues to be discussed during monthly Trade Reviews.
- Familiarity with US customer trade deductions is considered an asset.
- Support and mentor team members with questions related to deductions and customer issues.
- Provide training to team members and cross-functional teams on customer specific inquiries and trade deductions process.
- Is adaptable (Eg. changes in the ways of working), follows direction, displays teamwork and is solution oriented.
- Other duties as assigned.

**EDUCATION/EXPERIENCE/SKILLS**:
**Required**
- Post-secondary education in Business, Accounting, or a related field
- Related work experience, preferably in a manufacturing/CPG environment
- Experience with SAP or other ERP systems
- Strong computer skills, intermediate level or above for Microsoft Office Word, Excel, Outlook, Teams, SharePoint. Familiarity with Tableau is considered an asset.
- Strong attention to detail and ability to work with a high degree of accuracy
- Able to work efficiently and manage deadlines in a fast-paced business environment
- Excellent planning, organizing, multitasking and time management skills
- A collaborative approach to work and a high level of initiative and flexibility
- Excellent interpersonal and communication skills; good mathematical skills
- Strong understanding of business processes
- Familiarity with Trade Promotion Management (TPM) systems is considered an asset but not required.

**What We Offer**:

- Immerse yourself in our comprehensive benefits program, with Riverside taking care of the costs
- RRSP m

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