Senior Financial Analyst
4 weeks ago
Job Summary:
Advance Auto Parts is seeking a skilled Financial Data Analyst to support their Vendor Incentives team. The ideal candidate will have experience in analyzing financial data and ensuring accurate and timely recording of vendor incentive transactions.
Key Responsibilities:
- Perform analytical reviews and interpretation of financial data to provide understandable explanations to non-financial business partners.
- Prepare vendor incentive income calculations, analyses, and period-end journal entries/reconciliations to ensure the general ledger accurately reflects income recognition and vendor receivables.
- Ensure vendor incentive allowances are collected on a regular cadence based on contractual terms.
- Review purchase projections to ensure accurate revenue recognition, compare future projections to historical purchase volumes, and current year-to-date activity.
- Collaborate with cross-functional teams to inquire about any variables unknown to vendor incentives accounting.
- Reconcile vendor's reported purchases with AAP queried net purchases to ensure proper income recognition and determine if reserves may be necessary.
- Assist in providing supporting documentation for quarterly reviews/year-end audits with internal, external, and recovery auditors.
- Ad hoc projects as necessary.
Requirements:
- Strong analytical and problem-solving skills.
- Microsoft Word, Excel, Access, AS/400, and Oracle skills.
- Ability to analyze data, draw conclusions, interpret results, and make recommendations with respect to incentive calculations.
- Team player who also works well independently.
- Ability to communicate effectively in both an oral and written manner.
- Solid understanding of US GAAP and other accounting principles.
- Detail-oriented with strong organizational skills.
- Minimum of 2 years of experience in financial analysis, accounting, or related field.
- Experience in vendor management or incentive programs is a plus.
- Knowledge of automotive parts and the retail industry is beneficial.
- Familiarity with financial software systems.
Education:
- Bachelor's degree in Business, Finance, Accounting, or related field.
- Master's degree a plus.
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