Senior Financial Analyst
4 weeks ago
Job Summary:
We are seeking a highly skilled Senior Accountant Deductions Management to join our team at The Fountain Group LLC. The ideal candidate will have a strong background in deductions management, collections, and account reconciliation.
Key Responsibilities:
Manage deductions, collections, and account reconciliation for the US region
Provide support to the Trade & Managed Service teams
Maintain accounts receivable processes and systems in ERP system
Relationship management with internal and external business partners
Heavy deductions research, reporting, and data mining/reporting
Generate invoices and credit memos and support collections
Post offsets, discounts, allowances, price differences, returns, and other trade-related documents to customer accounts timely and accurately
Coordinate regularly with customer service team to research and resolve chargeback and returns claims (high volumes)
Reconciling customer trade deductions against contracts and agreements
Provide cross-functional support to trade and accounting and shared services teams to ensure the validation and reconciliation of transactions in a timely manner
Manage approval and escalation process for resolution of entries
Request and issue rebill in a timely manner and perform variance analysis
Remit KPIs for OTC transactions based on Deduction days outstanding metrics
Assists in maintaining, reconciling, and resolving reconciling items in P&L and balance sheet ledger accounts
Prepare analysis and schedules for management as well as internal and external auditors
Identify problems which may arise within their defined function and exercise judgment to determine appropriate follow-up action
Maintain appropriate internal controls and uphold company policies & procedures
Month end close subledger and reconciliation support
Provide back-up support team
Requirements:
Bachelor's degree and 4+ Years experience or Masters' degree and 2+ years experience
Must have (Cash App & Collection Management, Compliance, Account Reconciliation, accounts receivable) experience
Previous Pharma / Biotech experience
Experience with SAP
Knowledge and understanding of US GAAP
Advanced proficiency with Microsoft tools (Excel, Outlook, PowerPoint, and Word)
Strong communication and interpersonal skills
Experience with process development and process improvement and optimization
Experience in multinational organization
Experience with Trade and Promotional deductions
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