Financial Analyst

3 days ago

Wayne, United States Lumbermens Merchandising Full time
LMC is the leading buying group for a network of independent building material companies across the US. As their buying group, LMC negotiates and facilitates procurement opportunities for the most desired brands in the lumber and building materials industry. We also work to provide operational support with focus on logistics, capital equipment, technology, and marketing. By leveraging the billion dollar buying power of our members, LMC ensures our members have a competitive edge to capture more of their local market share.

The Financial Analyst is responsible for the timely, accurate, and efficient collection, allocation, and distribution of rebates (National Accounts Program (NAP) and Co-op Assistance Program (CAP)) from suppliers to LMC's members. This role involves communicating with suppliers to collect rebates and accurately distribute. The administration of the NAP and CAP programs requires entering rebates into the Rebate Accounting systems, and managing the quarter close and distribution of rebates to our members. Strong Excel and analytical skills are essential for this position.

The Financial Analyst also assists the Supervisor, Rebate Accounting in the timely and accurate analysis of our members financial statements. This includes assisting in the collection, analysis, and write-up process through the utilization of analytical and proprietary financial reporting tools, as well as producing adhoc reports as needed. All duties are inclusive of other responsibilities as required.This position requires work in our office Monday through Thursday, with the option to work remotely on Fridays, as well as the first Monday of each month.

Primary Duties and Responsibilities:
  • Support and assist the activities of the Rebate Accounting and Financial Analysis/Credit Departments.
  • Reconcile general ledger accounts for rebate programs.
  • Collect rebates in a timely manner, analyze associated backups for accuracy, record them in the rebate accounting system, and ensure correct distribution of these rebates.
  • Assist in the preparation of the year-end stockholder preferred stock and patronage dividends calculation and distribution.
  • Contribute in the preparation and distribution of the IRS 1099 form.
  • Assist the Supervisor, Rebate Accounting with special projects and provide insight on operational improvements.
  • Maintain and update documented procedures as needed.
  • Assist with dealer financial statement analysis and reports as needed.
  • Perform other duties as required and/or assigned.
Qualifications:
  • Bachelor's degree in accounting, Finance or related field, or equivalent experience required.
  • 1-2 years of experience in a related financial/accounting role.
  • Knowledge of general ledger accounting.
  • Experience in the collection, allocation, and distribution of rebates is strongly preferred.
  • Proficient in MS Office Suite applications, particularly Excel, and able to learn new systems quickly.
  • Experience with analyzing financial statements preferred.
  • Strong analytical skills and the ability to construct and understand database spreadsheets and formulas.
  • Exceptional mathematical and organizational skills with attention to detail.
  • Outstanding verbal and written communication skills.
  • Able to work in a fast-paced team environment, manage multiple projects simultaneously, and meet necessary deadlines.
  • Excellent customer service focus and professionalism.
Why join LMC?

LMC supplies products and services to the home building industry, which is seeing considerable growth with exciting new products, advanced building technologies, and home improvement innovations. The LMC team uses its knowledge and expertise in an entrepreneurial atmosphere to further the growth of our independent member companies. Being a part of an established forest products and building materials buying group that helps locally owned, independent businesses succeed is truly a rewarding experience.

Check out our benefits & perks
  • Incentive programs for all employees
  • Traditional and Roth 401k Plans with Generous Company Contributions
  • Medical, Dental and Vision Insurance with Flexible Spending Accounts
  • Competitive Vacation and Paid Holidays
  • Life Insurance Along with Short & Long Term Disability
  • Continuing Education Tuition Assistance
  • Walking distance to the train station and local eateries
  • Employee team building, company gatherings and participation in various charity events
  • Located in the beautiful neighborhood of Wayne, PA

Come Be a Part of Something Bigger

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