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Job Post Details

Trade Finance Analyst - job post

Iovate Health Sciences International Inc.
3.2 out of 5 stars
Oakville, ON•Hybrid work
From $73,000 a year - Permanent, Full-time

Job details

Pay

  • From $73,000 a year

Job type

  • Permanent
  • Full-time

Location

Oakville, ON•Hybrid work

Benefits

Pulled from the full job description

  • Tuition reimbursement
  • Paid time off
  • Vision care
  • Dental care
  • Life insurance
  • Employee assistance program
  • Disability insurance

Full job description

Iovate is a dynamic, leading-edge nutrition company that delivers some of the highest quality, most innovative and effective active nutrition, and weight management products in the world. Each of our Brands are committed to biology, science, and their own culture to assist customers in reaching their goals.

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!

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
  • 100% Group Health & Dental Coverage
  • 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!

Job Types: Full-time, Permanent

Pay: From $73,000.00 per year

Benefits:

  • Company events
  • Dental care
  • Disability insurance
  • Extended health care
  • Life insurance
  • On-site gym
  • On-site parking
  • Paid time off
  • RRSP match
  • Tuition reimbursement
  • Vision care

Work Location: Hybrid remote in Oakville, ON

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