What are the responsibilities and job description for the Senior Accountant – Deductions Management (ERP, SAP, US GAAP) position at Vakula Technologies Inc?
Job Title: Senior Accountant – Deductions Management (ERP, SAP, US GAAP)
Location: Raleigh, North Carolina (Hybrid - T/W/Th on site)
Job Duration: 12 months
payrate: $45-$50/hr on W2
Visa: NoH1bs others are fine
Manager Notes
Top Required 3 Skill Sets: (Cash App & Collection Management, Compliance, Account Reconciliation)
Top 3 Have Skill Sets: (Organization and problem solving, Analytics, ERP experience)
Job Description
The Accounts Receivable Senior Accountant – Deductions Management, Global Financial Solutions, will be responsible for deductions management, managing collections, applying customer receipts, and resolving discrepancies in the US region.
In addition, the Accounts Receivable Accountant will be responsible for providing support to the Trade & Managed Service teams.
The ideal candidate will be initiative-taking, self-motivated, results-oriented, highly analytical and possess a high attention to detail while able to meet deadlines and manage multiple tasks simultaneously.
Essential Duties And Job Functions
Maintains accounts receivable processes and systems in ERP system.
Primarily transact in ERP but may support legacy systems from acquired companies.
Relationship management with internal and external business partners
Heavy deductions research, reporting and data mining/reporting
Generate invoices and credit memos and support collections
Post offsets, discounts, allowances, price differences, returns and other trade related documents to customer accounts timely and accurately
Coordinate regularly with customer service team to research and resolve chargeback and returns claims (high volumes)
Reconciling customer trade deductions against contracts and agreements
Provide cross functional support to trade and accounting and shared services teams to ensure the validation and reconciliation of transactions in a timely manner.
Manage approval and escalation process for resolution of entries.
Request and issue rebill in a timely manner and perform variance analysis.
Remit KPIs for OTC transactions based on Deduction days outstanding metrics.
Assists in maintaining, reconciling, and resolving reconciling items in P&L and balance sheet ledger accounts
Prepare analysis and schedules for management as well as internal and external auditors
Identify problems which may arise within their defined function and exercise judgment to determine appropriate follow-up action.
Maintain appropriate internal controls and uphold company policies & procedures.
Month end close subledger and reconciliation support.
Provide backup support team.
Goals: Timely resolution, Improved customer service, reduce revenue leakage, streamline and eliminate manual processes, process optimization, reduce days deductions outstanding and days sales outstanding
Basic Qualifications
Bachelor's degree or Masters' degree
7 years of accounts receivable experience
Knowledge and understanding of US GAAP
Advanced proficiency with Microsoft tools (Excel, Outlook, PowerPoint and Word)
Strong communication and interpersonal skills
Experience with process development and process improvement and optimization
Qualifications
Previous Pharma / Biotech experience
Experience with SAP
Experience in multinational organization
Experience with Trade and Promotional deductions
Personal Attributes
Unique Selling Point of this role: A key member of the OTC team supporting internal and external business partners
Task break down (by %): (Deductions Management 70% ; Special Projects 20% Cash Application 5% Customer Maintenance 5%)
Location: Raleigh, North Carolina (Hybrid - T/W/Th on site)
Job Duration: 12 months
payrate: $45-$50/hr on W2
Visa: NoH1bs others are fine
Manager Notes
Top Required 3 Skill Sets: (Cash App & Collection Management, Compliance, Account Reconciliation)
Top 3 Have Skill Sets: (Organization and problem solving, Analytics, ERP experience)
Job Description
The Accounts Receivable Senior Accountant – Deductions Management, Global Financial Solutions, will be responsible for deductions management, managing collections, applying customer receipts, and resolving discrepancies in the US region.
In addition, the Accounts Receivable Accountant will be responsible for providing support to the Trade & Managed Service teams.
The ideal candidate will be initiative-taking, self-motivated, results-oriented, highly analytical and possess a high attention to detail while able to meet deadlines and manage multiple tasks simultaneously.
Essential Duties And Job Functions
Maintains accounts receivable processes and systems in ERP system.
Primarily transact in ERP but may support legacy systems from acquired companies.
Relationship management with internal and external business partners
Heavy deductions research, reporting and data mining/reporting
Generate invoices and credit memos and support collections
Post offsets, discounts, allowances, price differences, returns and other trade related documents to customer accounts timely and accurately
Coordinate regularly with customer service team to research and resolve chargeback and returns claims (high volumes)
Reconciling customer trade deductions against contracts and agreements
Provide cross functional support to trade and accounting and shared services teams to ensure the validation and reconciliation of transactions in a timely manner.
Manage approval and escalation process for resolution of entries.
Request and issue rebill in a timely manner and perform variance analysis.
Remit KPIs for OTC transactions based on Deduction days outstanding metrics.
Assists in maintaining, reconciling, and resolving reconciling items in P&L and balance sheet ledger accounts
Prepare analysis and schedules for management as well as internal and external auditors
Identify problems which may arise within their defined function and exercise judgment to determine appropriate follow-up action.
Maintain appropriate internal controls and uphold company policies & procedures.
Month end close subledger and reconciliation support.
Provide backup support team.
Goals: Timely resolution, Improved customer service, reduce revenue leakage, streamline and eliminate manual processes, process optimization, reduce days deductions outstanding and days sales outstanding
Basic Qualifications
Bachelor's degree or Masters' degree
7 years of accounts receivable experience
Knowledge and understanding of US GAAP
Advanced proficiency with Microsoft tools (Excel, Outlook, PowerPoint and Word)
Strong communication and interpersonal skills
Experience with process development and process improvement and optimization
Qualifications
Previous Pharma / Biotech experience
Experience with SAP
Experience in multinational organization
Experience with Trade and Promotional deductions
Personal Attributes
- Ability to handle complexity and utilize analytical skills, with attention to detail.
- Ability to proactively & effectively analyze & resolve problems.
- Ability to effectively prioritize and complete key tasks and deliverables.
- Ability to respond flexibly and empathetically to customer needs, managing their expectations effectively.
- Ability to work in a global team environment and communicate effectively with both internal & external business partners of all levels
Unique Selling Point of this role: A key member of the OTC team supporting internal and external business partners
Task break down (by %): (Deductions Management 70% ; Special Projects 20% Cash Application 5% Customer Maintenance 5%)
Salary : $45 - $50
