Trade Finance Analyst

Are you passionate about making a difference in the workplace? Do you thrive in a fast-paced, innovative environment? Iovate Health Sciences International Inc. is looking for a dynamic and dedicated Trade Finance Analyst to join our team!

Job Title: Trade Finance Analyst

Location: Oakville ON- Hybrid (3 days in office)

Employment type: FT

Compensation: $73K+ (CDN)

Key Responsibilities

Supporting both Finance and Sales through the Trade Promotion process, this role blends both Financial Accounting and Commercial Finance elements supporting the technical and commercial needs of the teams

Review, process and validate discounts, rebates and trade related promotions based on customer agreements

Work with sales to understand ongoing trade activity to ensure trade accruals are complete and accurate

Upload Trade spend promotions to the customer promotions management system to ensure discounts are applied in a timely manner to invoices, or included in monthly accruals and reporting

Prepare Month End closing entries related to Trade Spend, Shortages and Compliance Fees

Reconcile trade spend accounts and investigate discrepancies related to deductions received; responsible for the timely update of accruals based on deductions received or pending

Prepare monthly analytical reporting and reconciliations of Trade Spend accruals to Management

Lead the value added post promotional analysis for the business, to understand effectiveness of spend against trade programs (ROI analysis)

Provide recommendations for future promotional activity based on historic findings and learnings using a data-based approach

Review and analyze POS data and consumer patterns as related to Trade Promotions

Assist Sales with the Budget and planning processes each Quarter to ensure promotional activity is appropriately planned and captured

Consistent coordination and communication with the Commercial Finance and Sales team through daily interaction, as well as Monthly review meetings, to ensure all promotional activities for the period are captured and accounted for in the financial statements (completeness of Trade Spend), and Balance Sheet accruals are reviewed

Work with the Accounts Receivable ("AR") team to ensure deductions are properly applied to promotion accruals and follow-up with AR Coordinator, Sales Analyst or Sales teams as required to ensure deductions are cleared appropriately on a timely basis

Analysis and tracking of all Deductions, including Trade Deduction as well as Customer logistic claims and related accruals

Assist in monitoring the price mismatch process and ensure pricing variances are resolved within the timeline required, working with Customer Service, OPS, AR, Sales and Marketing

Assist with routine claims and chargebacks for both trade and logistics related claims

Back up for Master Data administration of customers and Vendors in Microsoft Dynamics 365

Understand and ensure role related policies and procedures are adhered to

Work with the Trade Spend Manager to provide process improvements within areas of responsibility and actively participate in new system implementations and upgrades planned

Other role related duties as assigned

Qualifications

CPA or other related professional designation or working towards completion would be an asset

Advanced level Excel skills

Accounting background and accrual management required

Ability to meet tight timelines and work in a fast-paced environment

Strong verbal and written communication skills

Experience with system upgrades and implementations

Strong interpersonal skills

Strong understanding of financial statements

Detail oriented with strong analytical skills

Strong organization skills with the ability to prioritize

3 - 5 years of experience within finance with 2 -3 years directly within Trade Spend and Master Data would be an asset

Consumer Packaged Goods industry experience would be an asset

Experience working with large ERP and/or CRM applications would be an asset

High level of confidentiality and integrity

What We Offer

Competitive compensation package

Employee Assistance Program

Company RRSP Matching

Paid vacation & 5 personal days

World class gym, and external basketball court

Employee Engagement Events

Product & Swag from our industry leading brands

Professional career development

Opportunities for Global career exposure without the need to relocate!

We do use automated systems (AI) to screen, assess, or select applicants for this posting.

We will retain a copy of this publicly advertised job posting, any application forms, and application materials for 3 years after the posting is removed from public access, as required by law. By applying you consent to our retention and use of your information for the purposes of recruitment.

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