Rebate Analyst

JOB SUMMARY:

Responsible for managing, analyzing, and validating all aspects of customer rebates, allowances and discounts. Perform detailed sales analysis to evaluate customer compliance and review performance against contractual objectives. Must be able to understand and interpret customer agreements for payment accuracy. Utilize systems reporting tool for thorough analysis of customer accrual balances for cleanup. Responsible for defining, maintaining, and enhancing software application systems for accurate and efficient processing. Must work closely with Finance & Accounting to help establish and maintain accurate accrual information. Assist Government Pricing Manager with identifying items for inclusion required for government pricing calculations.

JOB RESPONSIBILITIES:

• Manage, analyze, and validate all aspects of customer discounts, rebates, and allowances.
• In-depth knowledge of software systems to extract specific data for required calculations.
• Continuous review of customer rebate terms and conditions to ensure accurate calculation methodology.
• Effectively analyze assigned customer accounts for accrual balance variance and provide recommendations for adjustments to clear.
• Develop and implement process enhancements to ensure quality and accuracy of results.
• Prepare and distribute customer correspondence relating to rebates and allowances.
• Work with Audit department to validate/deny disputed claims.
• Continuous review of discount/allowance types to ensure compliance with government pricing calculation requirements.
• Provide key information to management team for requested rebate data.
• Develop tools to measure and improve the effectiveness of rebate processing.
• May have to present volume incentive rebates sales data projections in monthly Customer Focus Meetings.
• Work closely with AR to clear any unauthorized customer deductions.
• Review system accuracy of products, pricing, terms and conditions as they relate to the rebate function.
• Special projects as needed

EDUCATION REQUIRED

• Bachelor Degree in Accounting or Finance and 2 years relevant pharmaceutical experience in rebates and financial analysis, or High School Diploma and 4 years of experience.

COMPUTER OPERATIONS

• Position requires strong personal computer skills using Microsoft Office Suite of products; Intermediate skills in Excel preferred.

OTHER SKILLS REQUIRED

• Must be self-motivated and possess strong business ethics for handling confidential information
• Able to make independent judgment decisions
• Solid oral and written communication skills
• Strong knowledge of contracting/chargeback functions within the sales and marketing area
• Attention to detail is a must