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Senior Accountant

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The Fountain Group LLC

2024-10-02 14:40:03

Job location Raleigh, North Carolina, United States

Job type: fulltime

Job industry: Accounting

Job description

Senior Accountant located in Raleigh, NC. Details for the position are as follows:

Pay Rate: $62.98/hr.

This is a hybrid role - onsite Tues, Wed, Thurs

Job Description/Responsibilities:

Job Title: Senior Accountant - Deductions Management

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.

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 back up 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

Qualifications:

Bachelor's degree and 4+ Years' experience or Masters' degree and 2+ years' experience

Must have (Cash App & Collection Management, Compliance, Account Reconciliation, accounts receivable) experience

Previous Pharma / Biotech experience

Experience with SAP

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

Experience in multinational organization

Experience with Trade and Promotional deductions

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