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Bel · 1 day ago

Sr Accounts Receivable and Deductions Specialist

United States

Full-time

Remote

Senior Level, Lead/Staff

$73K/yr - $83K/yr

10+ years exp

Bel is a growing global company known for its iconic brands like GoGo squeeZ and Babybel. The Sr. Accounts Receivable & Deduction Specialist will manage the full accounting life cycle for a specific customer portfolio, ensuring timely cash application and deduction resolution while supporting departmental initiatives.

Food and BeverageManufacturing

Responsibilities

Cash application: Manages daily cash receipts, retrieves lockbox deposits and ACH/EFT reports; creates electronic files and performs cash application. Maintain tracking files and make updates daily

AR Balances: Collaborates with the Treasury group to reconcile the general ledger and bank accounts

Deductions: Responsible for deduction research and clearing in a timely manner: Assess open Debit Memo’s ensuring consistent, timely & accurate reporting and reconciliation

Websites: Monitors customer-based websites to obtain deduction and payment documentation

EDI: Utilizes EDI platform to retrieve remittance details and solve invoicing issues

Brokers: Prepare and process broker check requests, maintaining files and preventing deductions from occurring by processing check requests timely

Escalations: Follow guidelines for proper escalation of unresolved items

Credibility: Establish relationships cross-functionally and with Customers / Brokers to maintain a steadfast focus on achieving goals and meeting Key Performance Indicator (KPI) targets

DEALS: Provides internal support cross-functionally regarding deals that can be closed or remain open due to unresolved deduction balances. Utilize trade management tool

Collections: Monitor customer accounts, identifying past-due payments. Follow up with customers on past-due invoices via phone and/or email. Manage collection efforts. Maintain detailed records of collection activities, including communication of payment arrangements, and any actions taken

Dispute Resolution: Investigate and resolve customer inquiries, deductions, billing disputes and/or past due invoices. File claims for all invalid deductions. Handle unique or complex billing scenarios

Communication: Value added and action-oriented collaboration cross-functionally to Inform others of any specific issues or trends

Credit Reviews: Verify the creditworthiness of customers, setting credit limits, and monitoring accounts

Accounting Support: Prepare audit files (external, internal and tax) and month-end / fiscal year analyses

Other duties: All other duties & special projects as assigned by direct manager or senior management

Qualification

Accounts Receivable experienceDeduction managementERP SAP ECCTrade Fund ManagementMicrosoft ExcelTime managementCommunication skillsOrganizational skillsInterpersonal skills

Required

High School Diploma or equivalent required; Some accounting college coursework is preferred

10+ years of related AR experience required

5+ years related experience in a deduction/collection role, analysing and reconciling items such as: Trade/Billbacks, Shortages, Logistic Penalties, Spoils and/or other AR deduction miscellaneous items

Highly proficient technology skills including ERP SAP ECC [or SAP HANA S4] systems and Microsoft Suite [specifically Excel, Word, and Power Point]

Ability to work independently and as part of a team; Strong organizational and time management skills

Flexibility and adaptability: Readiness to adapt to different workflows, communication styles, and priorities as needed to effectively collaborate with various departments and external entities

Possesses high credibility, integrity, and adaptability: Effective in establishing rapport and building productive relationships with team members and cross-functional partners

Demonstrates professionalism & excellent interpersonal and communication skills (written and verbal)

Exceptionally detailed and organized, with the ability to step back and analyze for anomalies

Preferred

Some accounting college coursework is preferred

Experience working with Trade Fund/Promotion Management tools preferred

Benefits

Bonus Opportunity: 7%

PTO and Medical, Dental and Vision Benefits from Day 1

401k Match

Company

Bel

The Bel Group is a major player in the food industry through portions of dairy, fruit and plant-based products, and one of the world leaders in branded cheeses.

Founded in 1865

Suresnes, Ile-de-France, FRA

10001+ employees