Job Summary:
Audits and reviews transactional data impacting financial margin for possible margin enhancement and follows the process through to margin recovery.
Principal Responsibilities:
- Audits billing reports, identifies profit leaks, provides margin adjustments to gross profit administration team and drives recovery actions.
- Audits asset related reports (e.g. price lists), addresses profit leaks and improves margin on supplier transactions.
- Executes supplier contract rights for obsolescence and price list removed products.
- Identifies other appropriate margin recovery solutions and engages with respective departments or suppliers.
- Monitors ship and debit claim rejects, and elevates to gross profit administration team when needed.
- Analyzes customer volume purchase agreements. Provides analysis and recommendations to the business teams.
- Monitors and communicates status on supplier bonus programs to sales and assets.
- Audits supplier reconciliation reports and takes appropriate actions.
- Audits supplier rebate programs, including forecasting and variance analysis.
- Prepares and distributes margin adjustment report and reconciles month-end numbers.
- Participate in supplier business reviews as required by management.
- Other duties as assigned.
Job Level Specifications:
- Foundational knowledge of specialized disciplines, industry practices and standards, acquired via academic instruction and/or relevant work experience of substantially the same level.
- Develops solutions to defined tasks, typical assignments and projects. May be solved by the application of specialized foundational knowledge, using existing approaches and solutions.
- Work is usually performed independently and requires the exercise of judgment and discretion. Receives initial direction although work may be reviewed for accuracy and quality.
- Collaborates with immediate management and team members within the department or function.
- Actions typically affect own work assignments and department. Erroneous decisions or failure to accomplish work may require some assistance or resources to remedy.
Work Experience:
- Typically less than 2 years with bachelor's or equivalent.
Education and Certification(s):
- Bachelor's degree or equivalent experience from which comparable knowledge and job skills can be obtained.