Associate Settlement Analyst

2 days ago


Elizabethtown, Kentucky, United States Lamb Weston Full time
Job Summary

We are seeking a highly skilled and detail-oriented Settlements Specialist to join our team at Lamb Weston. As a key member of our finance department, you will be responsible for resolving trade and non-trade disputes, analyzing deductions, and coordinating with internal and external stakeholders.

Key Responsibilities
  • Dispute Resolution
    • Validate daily non-trade disputes and deductions from ERP reports
    • Review and validate coding of disputes and deductions created by cash application team
    • Coordinate with internal and external stakeholders for missing information required to validate deductions
  • Deductions Analysis
    • Analyze and identify root causes of deductions and work with cross-functional teams to reduce/eliminate recurring deductions
    • Submit validated deductions for approvals as per approval hierarchy
  • Customer Relationships
    • Dispute invalid deductions with external customers to receive repayment
    • Maintain strong customer relationships to ensure timely resolution
  • Analytics and Reporting
    • Conduct and lead detailed dispute and deduction trend analytics based on dispute and deduction patterns
    • Work with Sales, Logistics, Freight, and other departments for proactive resolution and approach to fix processes to prevent deductions in future
  • Other Duties
    • Perform other duties as assigned to support the business
Requirements
  • Education
    • Bachelor's degree in finance, accounting, or a related field preferred
  • Experience
    • 1-3 years accounts receivable, credit, collections, and/or trade or non-trade deduction resolution experience required
  • Skills
    • Research, strong problem-solving, mathematical, and analytical skills
    • Excellent written and verbal communication skills
    • Ability to maintain confidentiality
    • Proficiency with MS Office required
    • Ability to quickly learn and utilize multiple systems and draw appropriate conclusions
    • Ability to multi-task
    • Ability to work independently and as a team player, be organized, and plan ahead
  • Language Skills
    • Effectively communicate in English verbally and in writing. Spanish knowledge is an added advantage.
Work Environment
  • This role will be performed in an office/remote environment.
Benefits
  • Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.
  • Some of the most attractive elements of our benefit programs include:
    • Health Insurance Benefits - Medical, Dental, Vision
    • Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts
    • Well-being programs including companywide events and a wellness incentive program
    • Paid Time Off
    • Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance
    • Family-Friendly Employee events
    • Employee Assistance Program services – mental health and other concierge type services


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