Senior Procurement Analyst
In this role you're responsible for the accurate and timely input of supplier rebate accruals, along with providing analytical tracking and reporting of vendor rebate accrual dollars. You will reconcile supplier rebate payments and investigate and resolve any discrepancies in order to maximize Winfield United Canada, ULC earnings. This role also supports the Canada Financial Planning & Analysis (FP&A) Manager with ongoing Financial Analysis projects.
Primary responsibilities include:
Program Payment Reconciliation:
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Collect, track and reconcile CPP (crop protection products) and seed supplier rebate payments.
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Investigate and resolve discrepancies between expected payments and payments received.
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Partner with Product Line Managers and basic suppliers to understand rebates, marketing letters and cheque/wire information.
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Create and compile reports and analysis on final rebates earned by program, segment and product.
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Work collaboratively with the position responsible for customer programs, Procurement, Marketing, Accounting and FP&A.
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Accountable to ensure the accurate and timely input of rebate rates and accruals into the rebate accrual system by accounting.
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Provides support and maintenance of business accrual module throughout program year.
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Reports data back to management on financial impacts of changes and rebate calculations.
Inventory Protection and Price Changes:
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Create and maintain a complete file on all Inventory Protection programs each program year.
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Record, track and verify all inventory protection dollars paid according to supplier programs and inform stakeholders of any payment differences.
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Ensures Inventory Protection payments are applied to applicable products in conjunction with accounting policies.
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Track net cost impact of Inventory Protection payments. Support margin projections of future sales based on net cost of inventory and future purchases.
Management Reporting/Ad Hoc reporting:
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Lead various Financial Analysis projects to support the Canada FP&A Manager including but not limited to: Supplier Prepay, Rebill and repricing as well as inventory and working capital impacts.
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Lead various projects related to company financials and profitability.
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Various ad-hoc reporting as requested by management to support the analysis of Business Trends.
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Participate in the development of processes to ensure that rebate accruals and collections are in accordance with GAAP and meet SOX requirements.
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Frequent connection with Canada FP&A Manager to review rebate actuals vs PY and Budget.
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Bachelor’s degree in finance or accounting
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5+ years relevant work experience
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Advanced level Excel and Access skills
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Experience in large ERP system. JD Edwards strongly desired
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Familiarity with Oracle Business Intelligence or other Data Warehouse experience
About Land O'Lakes, Inc.
Join us and be part of a Fortune 250, farmer- and member-owned cooperative that is reimagining the business of food. We have been named a Top Workplace by Indeed and LinkedIn, and to the TIME 100 Most Influential Companies list.
We provide a broad portfolio of benefits to keep you and your family at your best. Land O'Lakes is Where Your Future Takes Root.
Land O’Lakes and our global entities support diversity in employment practices.
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