Manage the administration, accounting and invoicing of all Customer retros. Deal with queries and ongoing maintenance of retro rates in Price Edge including the set up of new retro rates and the release of retros rates no longer due. Administration of Customer retros, including producing monthly statements. Arranging payments and /or credit notes for retro, listing and marketing fees. Update and maintain retro tables in Price Edge. Review and input into the customer contract drafting process relating to retro clauses. Monthly reconciliation of retro accruals to nominal ledger. Providing detailed reconciliations for the interim and year end external audit. Upload of sales agreements/contracts and retro rates into PriceEdge. Maintaining adequate filing system to allow easy retrieval of information when required. Responding timeously to sales team queries on retros. Monthly reporting to Sales teams of retro balances, contracts ending and payments due. Meeting with Sales team members at all levels to ensure retro areas are fully understood, and drive efficiency. Provide ad hoc analysis on P&L variances, or efficiency levels. Liaise with Legal team on matters relating to retros. Identify process improvements. Prompt payment of valid customer retros. Accurate retro data in system and accounts. Accurate P&L postings and Balance Sheet reconciliations. Accurate review and approval of customer contracts containing retros. Prompt resolution of sales team queries.
Experience of dealing with sales team and other key stakeholders. Previous experience of working in a finance department would be beneficial. AAT studier, or willingness to study AAT. Good Excel skills. Financial accounting and reporting: understands basic accounting policies and standards. Management accounting: basic preparation and maintenance of accounting ledgers and records, journals and nominal ledger reconciliations.
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