A Deduction Analyst is responsible for overseeing customer’s deductions, trade payments and processing trade spend accruals, and also providing accurate analytical information. The job description entails supporting sales and working closely with both internal and external customers. Common work activities mentioned on the Deduction Analyst Resume are – generating daily invoicing and sending to customers through the internet, fax, or email; posting daily cash receipts and accurately coding all customer deductions, promoting deductions through promotional systems, developing relationships with key customer contacts, preparing deduction documentation to support the issuance of credit memos, and identifying opportunities to improve processes that can minimize non-promotional deductions.
Skills and abilities that ensure success in the field include – investigative skills and sharp ability to scrutinize accounts, a solid understanding of debits and credits, account balancing and reconciliation procedures, strong verbal and written communication skills, and an intuitive understanding of various web-based systems and applications. Employers prefer applicants having at least a degree in accounting or related.
Objective : Analytical and detail-oriented Deduction Analyst with 2 years of experience in managing promotional deductions and chargebacks. Adept at collaborating with cross-functional teams to resolve discrepancies and improve cash recovery. Committed to enhancing operational efficiency through data-driven insights and effective communication. Eager to contribute to a dynamic team focused on financial accuracy and customer satisfaction.
Skills : Data Analysis And Reporting, Cross-functional Collaboration, Data Analysis, Problem Solving
Description :
Managed promotional deduction balances for key retailers, ensuring timely resolution.
Streamlined deduction clearing processes, achieving a clearance rate above 90% within the specified time frame.
Safeguarded data integrity during the transition to SAP, enhancing operational efficiency.
Led training sessions for new deduction analysts, fostering team development.
Mentored interns, providing guidance on deduction processes and analytics.
Contributed to the deductions training team, improving class content and delivery.
Facilitated the transfer of the Kroger Ice Cream business, ensuring seamless operations.
Experience
0-2 Years
Level
Entry Level
Education
B.S. in BA
Junior Deduction Analyst Resume
Objective : Motivated Junior Deduction Analyst with 2 years of experience in dispute resolution and deduction management. Skilled in analyzing data to identify discrepancies and streamline processes, enhancing financial accuracy. Proven ability to collaborate with teams to resolve issues and improve cash flow. Ready to leverage analytical skills and attention to detail to contribute effectively to a results-oriented team.
Collaborated with transportation teams to identify and report variances in product shipments, minimizing deductions.
Partnered with management to implement strategies reducing merchandise over-shipments.
Facilitated dispute resolution processes on customer accounts, ensuring timely outcomes.
Conducted thorough investigations of claims and deductions to verify their validity.
Coordinated with customer service to resolve open disputes effectively.
Analyzed financial data to identify discrepancies and potential deductions.
Generated bill-back invoices for invalid claims using SAP, ensuring compliance and accuracy.
Experience
0-2 Years
Level
Junior
Education
B.S. Accounting
Deduction Analyst Resume
Headline : Dynamic Deduction Analyst with 7 years of comprehensive experience in resolving deductions and chargebacks. Expertise in leveraging data analytics to enhance financial accuracy and operational efficiency. Proven track record of collaborating with cross-functional teams to optimize cash recovery processes. Passionate about driving organizational success through strategic insights and effective communication.
Collaborated with customer-specific teams to resolve incoming deduction inquiries efficiently.
Reviewed and reconciled refusal orders against original invoices to ensure accuracy.
Analyzed daily deduction and credit activities on all customer accounts for timely resolution.
Monitored price discrepancies and prepared weekly recap reports by account, ensuring prompt adjustments.
Provided detailed reports on ongoing price issues and conducted trend analysis for proactive management.
Engaged with clients to clarify deductions and relayed critical information to the Accounts Receivable department.
Utilized analytical tools to identify patterns in deductions, leading to enhanced recovery strategies.
Experience
5-7 Years
Level
Senior
Education
B.S. Accounting
Senior Deduction Analyst Resume
Headline : Results-oriented Senior Deduction Analyst with 7 years of expertise in analyzing and resolving complex deductions and chargebacks. Proficient in driving operational efficiencies through data analysis and strategic collaboration. Committed to enhancing profitability and cash recovery while ensuring compliance with accounting policies. Excited to bring a proactive approach to a dynamic financial team.
Skills : Advanced Excel Proficiency, Financial Software Expertise, Excel Proficiency, Data Entry Accuracy, Effective Communication Skills, Organizational Skills
Description :
Streamlined deduction processing, enhancing cash flow and profitability by 15%.
Collaborated with Sales to validate $3M in promotional expenses, improving trade visibility.
Implemented root cause analysis, reducing deduction trends by 20%.
Achieved a 30% reduction in financial losses through proactive deduction management.
Optimized SAP processes, reducing dispute resolution time by 25%.
Ensured compliance with accounting policies and procedures across all operations.
Summary : With a decade of extensive experience as a Deduction Analyst, I excel in analyzing complex deduction scenarios and enhancing revenue recovery strategies. My proficiency in data analytics and cross-functional collaboration has led to significant operational improvements. I am dedicated to driving financial accuracy and fostering strong partnerships to optimize cash flow.
Skills : Ms Excel Advanced, Customer Service, Process Improvement, Root Cause Analysis, Decision Making, Accounting Principles
Description :
Reviewed and validated customer deduction claims utilizing ERP SAP systems, ensuring compliance with Sarbanes-Oxley regulations.
Engaged with Sales, Customer Service, and external partners to gather necessary documentation for deduction verification.
Analyzed financial data to calculate discounts, allocations, and necessary credits.
Ensured compliance with Sarbanes-Oxley guidelines by accurately matching deductions to sales promotions or GL accounts.
Established strong relationships with stakeholders to identify and resolve deduction-related issues, enhancing overall cash flow.
Managed customer agreements and commercial terms to mitigate deduction risks.
Supported order entry teams in resolving order discrepancies and related issues.
Experience
10+ Years
Level
Executive
Education
B.S. Accounting
Senior Deduction Analyst Resume
Summary : Results-focused Senior Deduction Analyst with 10 years of expertise in managing complex deduction issues and optimizing cash recovery. Skilled in leveraging data analytics to enhance financial performance and operational efficiency. Proven ability to collaborate with cross-functional teams to resolve discrepancies and drive process improvements, ensuring compliance and accuracy in financial reporting.
Skills : Attention To Detail, Financial Analysis, Software Proficiency, Policy Development
Description :
Oversaw promotion spending for trade-related expenses, ensuring compliance with company policies while validating customer deductions.
Secured necessary approvals and documentation to effectively resolve outstanding customer deductions.
Utilized customer portals and communication channels to gather supporting documentation for deductions.
Partnered with sales teams to ensure accurate budget actualization and alignment with promotional contracts.
Challenged unauthorized deductions through customer portals, advocating for repayment.
Analyzed freight charges, ensuring proper allocation to general ledger accounts for accurate financial reporting.
Experience
7-10 Years
Level
Management
Education
B.S. Accounting
Deduction Analyst Resume
Summary : Bringing a decade of expertise as a Deduction Analyst, I specialize in uncovering discrepancies and optimizing cash recovery strategies. My strong analytical skills and collaborative approach have driven significant improvements in financial accuracy and operational efficiency. I am passionate about leveraging data insights to enhance processes and foster productive cross-functional partnerships.
Skills : Data Visualization, Cross-functional Team Collaboration, Communication Skills, Deduction Analysis, Data Validation And Reconciliation, Chargeback Management
Description :
Analyzed and resolved pricing discrepancies by comparing customer deductions with billing data and trade management systems.
Obtained and verified documentation to support deduction claims, ensuring compliance with company policies.
Identified and tracked trends in deductions related to shortages, damages, and pricing errors.
Managed deduction balances, ensuring timely receipt of necessary documentation and information.
Conducted research on credit balances to facilitate accurate reporting.
Provided insights on deduction trends to enhance recovery strategies.
Collaborated with cross-functional teams to address and resolve complex deduction issues.
Experience
10+ Years
Level
Executive
Education
B.S. Accounting
Lead Deduction Analyst Resume
Summary : Accomplished Lead Deduction Analyst with 10 years of extensive experience in optimizing deduction processes and enhancing cash recovery. Proven expertise in analyzing complex financial data and collaborating with cross-functional teams to resolve discrepancies. Dedicated to driving operational efficiency and ensuring financial accuracy while fostering strong relationships with stakeholders.
Skills : Advanced Data Analytics, Project Management, Presentation Skills, Adaptability, Data Entry, Confidentiality
Description :
Developed and implemented strategies to expedite resolution of deductions, ensuring compliance with company policies.
Conducted comprehensive analysis of customer claim histories to identify trends and mitigate future discrepancies.
Validated and documented deductions, ensuring all claims were supported by accurate evidence.
Prepared detailed deduction analysis reports for management review, highlighting key insights and recommendations.
Collaborated with various departments to investigate and resolve complex claims effectively.
Requested and analyzed documentation to substantiate claims, enhancing overall accuracy.
Generated and managed collection correspondences for outstanding deductions, improving recovery rates.
Experience
10+ Years
Level
Executive
Education
B.S. Accounting
Deduction Analyst Resume
Objective : Results-oriented Deduction Analyst with 5 years of experience in resolving financial discrepancies and optimizing deduction processes. Expert in collaborating with diverse teams to enhance cash recovery and operational efficiency. Dedicated to utilizing data analytics for informed decision-making and continuous improvement in financial accuracy.
Collaborated with Wal-Mart, Kroger, and Post Audit teams to address and resolve deduction issues.
Utilized COOL, EDMS, and vendor websites to gather supporting documentation for deductions.
Managed the recoding of deductions, including splitting and reversing CPU allowances.
Extracted POD039 and BOL039 data from customer websites for backhaul verification.
Maintained and updated multiple spreadsheets for tracking deductions and financial data.
Identified purchase order numbers in SAP for accurate deduction processing.
Assisted the Deduction Manager in auditing trade spending and preparing Excel reports for analysis.
Experience
2-5 Years
Level
Consultant
Education
B.S. Accounting
Deduction Analyst Resume
Objective : A highly skilled Deduction Analyst with 5 years of experience in managing financial discrepancies and enhancing cash recovery processes. Proficient in leveraging data analytics to identify trends and drive operational improvements. Committed to fostering collaboration across teams to ensure accurate financial reporting and customer satisfaction. Eager to apply strategic insights to contribute to organizational success.
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