Deduction Analyst

Company: APR Consulting
Location: Highland
Posted on: May 28, 2023

Job Description:

An aerospace/manufacturing client is looking for a Deduction Analyst that will assess the validity of customer claims through investigation and analysis, and the investigation process and root cause analysis will lead to the appropriate course of action.

LOCATION: Highland, IL 62249
POSITION: Deduction Analyst
DURATION: 13 months or longer
PAY RATE: $24/hr.
SHIFT: 1st shift, M-F, 8:00 AM - 5:00 PM

JOB SUMMARY:

• Assess the validity of customer claims through investigation and analysis.
• The investigation process and root cause analysis will lead to the appropriate course of action.
• Will complete analysis of root cause issues that will help lead to elimination of future deduction claims.
• Responsible for the collection of customer claims that are deemed to be invalid.
• Will be responsible for communicating CCFS department and the company's policies regarding pricing, rebates, and returns.
• Position will provide deduction root cause reporting to the management team.
• Position may also support special project initiatives as determined by management.
  DUTIES AND RESPONSIBILITIES:
  • Manage a deduction portfolio within a group of assigned accounts to identify, investigate, and analyze all deductions to determine their validity. Deduction portfolio will include aged, complex deductions, and/or high dollar deductions.
  • Responsible for the collection of the deductions that have been deemed to be invalid. Additionally, will be responsible for reporting route cause statistics to management.
  • Use root cause data to develop and implement process improvements to reduce or eliminate internal and external errors. Will need to be able to communicate effectively with all internal (Sales, Plants, Customer Service) and external (Customers) partners.
  • Ensure appropriate approvals and documentation is received in order to resolve outstanding deductions. Approvals will need to fall within an established limit of authority matrix.
  • Analyze root cause of the deductions to determine if the deductions are legitimate or should be presented again for collection. Will need to ensure that all documentation is received, and analysis completed fulfills the requirements determined in the deduction resolution guidelines and appropriate authorizations have been received.
  • Responsibility for direct reports within specific portfolios.
  • May be responsible for training new deduction team members and others as needed.
  • Will be responsible for the processing and auditing of manual credit memo and invoicing (919) requests received from the field.
  • Abide by Robinson-Pattman Act, Fair Debt Collection Practices Act, Cannons of Business Credit Ethics, and Ethics Policy at all times.
  • Record any measurable statistics which your position impacts such as production expenses, maintenance expenses, sales volumes, payroll costs, capital expenditures, research budgets, cost of purchases, value of inventories controlled, employees supervised (direct and indirect).
    • Total monthly deduction balance
    • Aged deductions - deductions older than 90 Days, older than 180 days
    • % of total deductions past due
    • Training new hires
    • Knowledge transfer
      BASIC QUALIFICATIONS:
      • Associates Degree required.
      • 1-2 years Deduction related experience
      • Strong skill set in Microsoft office applications: Word, Excel, PowerPoint, and Outlook
      • Systems (SAP/GetPaid)
        PREFERRED QUALIFICATIONS:
        • Bachelor's Degree
        • Accounting/Credit Experience (customer disputes)
        • Strong organizational skills
        • Strong analytical skills
        • Pricing Programs
          About our Client:
          One of the leading global manufacturers of machine and hydraulic parts in the Aerospace and Defense industry
          
          About APR:
          Since 1980 APR Consulting, Inc. has provided professional recruiting and contingent workforce solutions to a diverse mix of clients, industries, and skill sets nationwide.
          
          We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.
          
          Don't miss out on this amazing opportunity! If you feel your experience is the matched for this position, apply today and join our team. We look forward to working with you!
          
          #SLA

Keywords: APR Consulting, Springfield , Deduction Analyst, Professions , Highland, Illinois