DEDUCTION ANALYST Job in Moon, Pennsylvania US
DEDUCTION ANALYST
Job Description Eaton Corporation located in Moon Township, PA has an opening for a Deduction Analyst in the Electrical Sector. The primary function of this position includes but is not limited to: responsibility for reviewing incoming customer claims and short payments. After initial research, analyst works to determine and expedite resolution in accordance with established guidelines and controls. Engages in regular communication with internal and external customers. Analyzes customer claim history to identify trends and update processes to minimize claim volume. Supports efforts of credit analyst in collection of invoices and servicing of account. Essential Functions include but are not limited to: - Responsible for the review and routing of incoming deduction claims. Review deductions for those that can be resolved with minimal time and effort. Additionally, based on review of incoming deductions, will be responsible for routing deductions of certain dollar amounts and complexity to Deduction Analyst II. Portfolio of deductions to be maintained to less than $1M on a monthly basis. Will be responsible for making initial contact with internal and external customers to collect data and claim detail for claim review. - Based on review of incoming claims will be responsible for the processing of the deduction through the claim system. - Ensure appropriate approvals and documentation are received in order to resolve outstanding deductions. Approvals will need to fall within an established limit of authority matrix. Will be responsible in assisting Deduction Analyst II?s and Credit Analysts in compiling the information necessary to make successful collection presentations to customers. - Will provide customer service support on the rebate support line. Provide monthly reporting on deduction portfolio or as required by management team. - Abide by Robinson-Pattman Act, Fair Debt Collection Practices Act, Cannons of Business Credit Ethics, and Eaton Ethics Policy at all times. If interested, please apply online at www.eatonjobs.com indicating salary requirements/history. Relocation is not included in this position and only candidates in the immediate geographic area will be considered. No phone calls or 3rd party vendors please. Basic Qualifications (Including Educational Requirements) Basic Qualifications: - Bachelors degree required from an accredited institution. Accounting/Finance preferred. - 1 year experience utilizing Microsoft Office, Internet, and related computer skills. Position Criteria: - Ability to apply basic accounting principles in the interpretation of customer financial statements. - Strong business writing and professional communication skills. - Strong customer focus and interpersonal skills. - Strong ethics, values and the ability to influence and impact others decision making. - Ability to deal with ambiguity and make decisions. - Ability to develop relationships with internal and external customers. - Strong negotiating skills. - Strong professional presence. Preferred Qualifications: - Bachelor degree in Accounting/Finance from an accredited university. - 1-2 years experience with letter of credit and other risk mitigation tools. - Previous credit and collection experience.