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Vendor Funds Analyst

Ferguson Enterprises

Ferguson Enterprises

IT
Remote
Posted on Tuesday, July 2, 2024

Job Posting:

Ferguson is a leading value-added distributor in North America providing expertise, solutions, and products. From infrastructure, plumbing, and appliances to HVAC, fire, fabrication, and more, we exist to make our customers’ complex projects simple, successful, and sustainable.

Ferguson has a great opportunity as a Vendor Funds Analyst! This finance role is responsible for maintaining the financial integrity and accuracy of assigned vendor funds programs.

Location:

This role is approved to be either Remote within the United States or Hybrid in Newport News, VA, in accordance with company policy.

Responsibilities:

  • Financial accounting responsibilities include the calculation of rebate receivable and inventory reserve for vendor programs.

  • Program description optimization – make recommendations to sourcing regarding changes to vendor agreements to enhance revenue.

  • Program tier optimization - regularly track and suggest alternative purchasing plans to effectively achieve purchasing tiers and related revenue.

  • Connect with vendors to ensure compliance with sourcing agreements, resolve issues and streamline the process.

  • Provide direction to accounting department regarding the allocation of payments to individual business divisions.

  • Assist in the creation of sourcing agreements to ensure that agreements are clear and understood by all parties.

  • Ensure that negotiated vendor program details are accurately reflected in rebate calculation software.

  • Reconcile vendor payments against defined program parameters to ensure receipt of accurate and timely payment.

  • Analyze and compare vendor submitted information to our internal information to ensure that all eligible purchases are included in the rebate calculation.

  • Responsible for collection of vendor payments and supporting data.

  • Meet with category managers on a regular basis to update them on the status of their respective programs.

  • Communicate with category managers and Finance on vendor program status and issues.

Qualifications:

  • Bachelor's degree strongly preferred; or equivalent work experience.

  • 2-4 years experience ideal in this area or related field.

  • Medium to advanced knowledge of Excel, Access, Power BI, and SharePoint.

  • Strong analytical and organizational skills.

  • Must possess excellent communication skills and the ability to work in a fast-paced environment.

  • Fundamental knowledge of the supply chain process.

Ferguson is dedicated to providing meaningful benefits programs and products to our associates and their families—geared toward benefits, wellness, financial protection, and retirement savings. Ferguson offers a competitive benefits package that includes medical, dental, vision, retirement savings with company match, paid leave (vacation, sick, personal, holiday, and parental), employee assistance programs, associate discounts, community involvement opportunities, and much more!

#LI-Remote

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Pay Range:

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Actual pay rate may vary depending upon location. The estimated pay range for this position is below. The specific rate will depend on a candidate’s qualifications and prior experience.

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$3,899.70 - $6,325.00

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Estimated Ranges displayed are Monthly for Salaried roles OR Hourly for all other roles.

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This role is Bonus or Incentive Plan eligible.

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The Company is an equal opportunity employer as well as a government contractor that shall abide by the requirements of 41 CFR 60-300.5(a), which prohibits discrimination against qualified protected Veterans and the requirements of 41 CFR 60-741.5(A), which prohibits discrimination against qualified individuals on the basis of disability.

Ferguson Enterprises, LLC. is an equal employment employer F/M/Disability/Vet/Sexual Orientation/Gender Identity.

Equal Employment Opportunity and Reasonable Accommodation Information