Deduction Analyst

Overview

Want to learn how to make juice? Lassonde Pappas & Co. is a US Leader in beverage manufacturing dedicated to our team members, customers and consumers satisfaction. We remain committed to our small-town roots and rural values.
Hardworking and caring are qualities that make our teams special. Since 1942, we’ve been producing delicious products for our customers across the country!

To provide the best for our customers, we focus on building the best team by creating and advancing an inclusive environment amongst our diverse workforce. If you’re passionate about customer satisfaction, reliable, and committed to being and doing better, join us!

We value each of our employee’s total wellbeing. To support employees in all stages of their wellness journey, we have a robust benefits program including: medical, dental, and vision coverage options, growth and development potential, along with 401-K, Life & Disability Insurance, PTO, Tuition Reimbursement, Health Fairs, Gym Membership Discounts, and so much more!

Pay Range for this position is: $62,000-$70,000 plus annual bonus, depending on experience and geographical location.

The Deduction Analyst reports to the AR Supervisor and is based out of our Cherry Hill, NJ location. This individual supports the day-to-day functional operations of the accounts receivable area for the Finance Department. The Deduction Analyst is responsible for resolving customer deductions in a timely manner while identifying trends that will influence customer behavior. Major responsibilities include root cause analysis, validation, resolution and reporting of all customer deductions.

Accurate and timely resolution of all deductions within the department guidelines with a focus on deduction prevention.

• Manage a customer portfolio that includes the top Private Label and Branded customers
• Responsible for the timely, accurate, approved entry and maintenance of trade settlements
• Verify promotion event details by confirming alignment of terms against trade customer contracts and communicate discrepancies
• Identify trends in deductions, such as shortages, damages, unsaleable, and pricing
• Review and manage deduction balances, ensure receipt of proper documentation and information from key customers
• Identify appropriate solutions in order to reduce and prevent deductions
• Interact with Customer Service and Sales team to resolve deductions (including field sales and brokers regarding short paid invoices and backup documentation)
• Follow up with AR/customer when additional documentation is required including customer web-portals
• Support the team Manager in KPIs review and weekly/monthly update with the team
• Drive process change in the deduction area (i.e. Unsaleable, Shortages, Payback)
• Work collaboratively with a variety of individuals within the department, company and external brokers, and customers alike
• Identify and implement process improvements and test new features/functions
• Provide support for internal and external audits
• Performs other general accounting tasks and projects as assigned

Minimum Required Qualifications

• Bachelor’s degree in Accounting, Finance, and/or Business
• 2-3 years related experience in Accounting, Finance
• 1-3 years of relevant work experience in consumer products manufacturing (food and beverage strongly preferred)

Additional Preferred Qualifications

• Detail oriented with strong analytical skills
• Excellent communication (written and verbal) and interpersonal skills
• Strong technical ability and mindset
• Results driven individual with a proven track record
• Ability to work well independently and on a team
• Proficient in Microsoft Excel, Word, and Outlook

This position requires sufficient physical ability to work in a typical office setting; driving a motor vehicle and occasionally working in the field.

FREQUENT: sitting, upward and downward flexion of neck; fine finger dexterity and light to moderate finger pressure to include extended periods of keyboard and mouse use, side-to-side turning of neck, walking, standing, bending and stooping, pushing/pulling, twisting at waist,…