Job Description

Job Title: Trade Settlement Analyst

Duration: 1-Year Contract, potential for permanent placement based on performance and business needs.

Work Schedule: Monday – Friday, 8:00 AM – 5:00 PM

Location: Buffalo, New York, 14213

PURPOSE STATEMENT :

The primary purpose of this position is to manage the settlement process to fulfill Trade Program commitments for a selected group of customers. Settlements will be in the form of deduction clearing, payment by check, or preauthorized credits. Settlements will be created internally for in-house customers. Assist in the resolution of pricing-related deductions and non-trade-related claims processing.

KEY ACCOUNTABILITIES/OUTCOMES

• Manage trade settlements (disbursements and customer deductions), which include validation of the settlement, resolving discrepancies with the customer, and obtaining proper approvals. These settlements should be accomplished within defined performance targets and system accruals/ validations. Obtain supporting documentation for possible future access.
• Measurement and reporting of program attainment and effectiveness, when appropriate.
• Recovery of invalid customer deductions and rejection of invalid customer claims.
• Identify and obtain program funding to support settlement processing.
• Research and resolve pricing deductions for all US/C sales divisions.
• Assist in the resolution of non-trade-related claims, specifically Fines and Fees.
• Work closely with Sales management to implement trade programs payout in support of defined strategies and to maintain proper support of trade settlements.
• Approximately 90% of this position will concentrate on the processing of customer Trade deductions and disbursement requests, convincing customers to change position and repay invalid deductions previously taken. The remaining 10% involves non-trade transaction processing and resolution of pricing claims.

KNOWLEDGE/SKILLS/EXPERIENCE:

• Education: BS degree in Business Administration or Accounting preferred.
• A S in Business Administration or Accounting with two years of business experience required.
• Experience: 2 years of business experience.
• Skills: Proficiency in Excel, strong problem-solving, and analytical skills required. Excellent interpersonal skills. Strong written and verbal communication skills are also required.

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