Finance Officer

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Job Description:

Job Description

Team Name: Incentives Job

Title: F&A Finance Officer

Job Summary

The Incentive Coordinator is responsible for making payments for all contractual deferred incentives, along with calculating and refunding any amounts owed for incentive issues via the Incentive Rebate Resolution process. The Incentive Administrative Assistant must be highly proficient in using MS Access and Excel. Additionally, he/she communicates information and clarification to site management, upper management, Pricing, F&A, Business Development, and occasionally customers.

Job Duties

Processing Contractual Payments

• Calculates and processes deferred incentive payments within the parameters of the contract on file.
• Calculates and processes claims payments within the parameters of the contract on file.
• Calculates and processes Guaranteed Service Refunds (GSR) performance rebates within the parameters of the contract on file.
• Monitors assigned contracts to ensure payments are processed within the contractual payment terms.

Processing Incentive Rebates

• Identifies specific issue with weekly and deferred incentives.
• Works with internal and external customers to ensure incentive issue is resolved.
• Calculates and processes incentive rebates to remedy the impact of the identified incentive issue.
• Explains in detail the calculation methodology to the sales force so they can present to the customer.

Accruals/Reversals

• Calculates estimated future deferred incentive obligations based on current volume/revenue data Enters. accrual amounts in Incentive Administrator.
• Monitors and maintains timing of accrual reversals to coincide with payments.
• Explains significant variances in accruals and payments.

Job Specific Responsibilities

• Controls and assigns incoming incentive contracts.
• Creates various journals for the General Ledger.
• Manages vendor number requests.
• Calculates various special projects.
• Imports and balances TSOA accrual information.

Pre-requisites

• Bachelor’s Degree – Finance & Accounting (preferred).
• Eye for detail and should meet stiff deadlines.
• Have an excellent attendance track record.
• Self-Driven.
• Influence and Persuasion.
• Strong Customer Orientation, understanding customer services issues.

Employee Type:
 

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