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ALTOR · 22 hours ago

Deduction Analyst

Chesterfield,MO,US

Full-time

Onsite

Senior Level

5+ years exp

ALTOR is a company in the finance sector seeking a Deduction Analyst to enhance revenue recognition and minimize financial exposure from customer deductions. The role involves investigating and resolving customer deductions, leading continuous improvement initiatives, and collaborating with cross-functional teams to improve efficiency.

Industrial EngineeringPackaging ServicesService Industry

Responsibilities

Investigate, validate, and resolve retail customer deductions through comprehensive analysis of supporting documents, including invoices, POs, remittances, and shipment records

Investigate, validate and resolve deductions related to promotional allowance programs to ensure charge falls within plan

Document and maintain clear, audit-ready records of all deduction activity in the Deduction Management System

Proactively identify recurring issues or trends in deductions; collaborate with Sales, Customer Service, Operations, and IT teams to recommend and implement corrective actions

Manage accrual process for promotional allowances program and outstanding deductions

Lead or contribute to continuous improvement projects focused on streamlining the deduction management process and enhancing overall Accounts Receivable performance

Prepare detailed documentation for invalid deductions and communicate directly with customers to facilitate resolution and reimbursement

Drive resolution of open items within target timelines, ensuring alignment with key performance indicators and business unit financial goals

Partner with internal stakeholders to understand customer compliance guidelines and minimize preventable deductions

Conduct root cause analysis on deduction activity to uncover process gaps, inefficiencies, or revenue leakage

Support and/or lead cost reduction initiatives by identifying opportunities to improve cash flow and reduce write-offs

Manage or assist in cross-functional projects that impact deduction resolution, or customer claims processing

Perform reconciliations and validate deduction data against system reports to ensure financial accuracy

Maintain accurate records and adhere to company policies for retention and compliance

All other duties as assigned

Qualification

Accounts ReceivableDeduction ManagementProcess ImprovementERP SystemsMicrosoft ExcelProject ManagementData Analysis ToolsManufacturing ExperienceInterpersonal SkillsOrganizational Skills

Required

Bachelor's degree in Accounting, Finance, Business, or a related field is a plus

Minimum of 5 years of progressive experience in Accounts Receivable, Deduction Management, or related financial operations

Demonstrated success in leading or supporting process improvement or cost savings initiatives

Proven ability to manage and execute projects that deliver measurable financial or operational outcomes

Strong understanding of accounting principles and ERP systems (NetSuite, SAP, Oracle, etc.)

Advanced proficiency in Microsoft Excel

Excellent interpersonal and communication skills with the ability to influence across departments and external partners

Strong organizational and prioritization skills; capable of managing multiple deadlines in a fast-paced environment

Self-starter with a continuous improvement mindset and the ability to challenge the status quo constructively

Proficient with Microsoft Office -- MS Word, Excel, PowerPoint

Preferred

Experience with retail customers is a plus

Experience with data analysis tools (Power BI, Tableau) is a plus

Manufacturing industry experience preferred

NetSuite experience a plus

Company

ALTOR

At Altor, we're pioneers at the intersection of innovation and excellence, serving the Life Sciences, Industrial, Perishables, and Innovation segments.

Founded in 1957

Scottsdale, Arizona, USA

501-1000 employees