Accounts Receivable Deductions Analyst
Liverpool, UK
9d ago

This role provides assistance to Accounts receivable, customer services and finance business partners in identifying and processing and taking appropriate action for deductions taken by customers

Key responsibilities include :

  • Analysis of Customer remittance advices and customer accounts for deductions
  • Identification and classification of deductions
  • Follow up with the finance business partners and business to determine whether deductions are valid
  • Preparation of information to enable accounts receivable cash allocation clerks to recover non-valid deductions
  • Processing of credit notes and preparation of payment runs (as required) for valid deductions
  • Preparation of KPI metrics on deductions
  • Provision of information to auditors as required
  • Principal Accountabilities

    Deductions Analysis

  • Analysis of customer remittances and customer accounts to determine deductions taken
  • Classification of deductions by type
  • Preparation of summary information and reconciliation of deductions back to payments and initial invoices
  • Work with customer services, commercial business partners, contracts and supply chain to determine whether deductions are valid
  • Preparation of information summaries and other information as necessary to allow accounts receivable cash allocation clerks to recover non valid deductions from the customers
  • Preparation and processing of credit notes for valid customer deductions
  • Preparation of payment proposals for refunds to customers
  • Cash Collection and Allocation

    Provide cover for cash collection and allocation clerks as necessary :

  • allocate cash received
  • enter customer credit limits
  • issue customer statements
  • Administration

  • Scanning, printing and filing of source records and supporting work papers as required
  • Compliance

    Ensure that evidence of financial controls operating is retained, follow up proactively on identified deficiencies in controls and work collaboratively to correct.

    Knowledge, Skills & Competencies

    Previous experience of Accounts receivable and in particular dealing with customer deductions essential.

    Previous Experience of with excel and Microsoft office products required, must be a proficient excel users.

    Experience of SAP or similar ERP system and processing large volumes of transactions.

    Previous experience of working within a large multinational company essential. Experience of working in a company going through rapid change and within a shared service function would be beneficial but is not essential.

  • Personal qualities required;
  • Self- motivated, determined, good communicator, problem solver, decisive, attention to detail while not losing track of the big picture, happy to work on own or in a team, good influencing skills

    Good communication skills (both verbal and written) are essential as this position must work collaboratively with the business and customers to recover monies due as well as ensuring customers are issued with credits and refunds as appropriate for valid deductions

    M inimum Education Requirements

    GCSE (or equivalent) Mathematics and English

    Degree beneficial but not essential

    Minimum Experience Requirements

    Minimum two years working in accounts receivable handling customer deductions

    Worker Type : Employee

    Worker Sub Type : Regular


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