Associate Settlement Analyst
Lamb Weston

Job Info

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Title: Associate Settlement Analyst

About Lamb Weston

We love making fries almost as much as you like eating them! Since the 1950's, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it's our business to see the possibilities in potatoes and people.

We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow.

We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you'd expect from the most inventive potato company in the world!

Join Lamb Weston! We bring the world together with our fries.

Job Description Summary

The Claims Settlement Analyst is responsible for timely validation and accurate processing of trade claims in Lamb Weston's SAP system landscape based on established sales contracts and in alignment with department SOX controls.

In this role you will support all business units and departments enterprise wide overseeing specific strategic customers based on their claim processing type. You'll work cross-functionally with Sales and Finance to maintain a consistent relationship with all customers for ease of processing.

Job Description

• Execute trade rebate claims including manual entry of and/or ensuring electronically sent claims errors are resolved.
• Validate trade/rebate claims in SAP TPM against valid contracts and promotions and are properly reconciled.
• Perform analysis of trade claim invoices received and ensure claimed amount is in accordance with agreed-upon terms.
• Communicate discrepancies on invalid claims to customers.
• Use of third-party system to match customer backup to eligible trade promotions for claims processing.
• Collect back up on customer portal, bank portal, group mailbox, workflow, and other deduction data sources to gather deduction information for trade rebate deduction claims.
• Coordinate with internal and external stakeholders for missing information required to validate the deductions (Sales, BU Finance, Customer Operations and Credit).
• Work with accounts payable for processing and resolution of valid claims and uncashed checks.
• Adhere to KPIs for claim processing by managing specific dollars, days, and quantity thresholds. Expectation is to process all claims timely before month end report outs.
• Follow SOX audit compliance to ensure accuracy when reviewing, processing, and exercising independent decisions on matters that affect the business.
• Daily review of received claims vs claims paid out.
• Review customer audit requests on outstanding balances.
• Conduct monthly touch points with customers or sales team on optimization, timely claims, trends, and any other relevant topics or concerns.

Basic & Preferred Qualifications

Experience

• Bachelor's degree in finance, accounting, or a related fields or 1-3 years of trade or non-trade deduction claims resolution.

• Research, strong problem-solving, mathematical, and analytical skills
• Excellent written and verbal communication skills
• Ability to maintain confidentiality
• Proficiency with Excel, Salesforce, Trade Promotion Management system, or SAP.
• Ability to manage multiple priorities or projects
• Ability to work independently and as a team player, be organized, and plan ahead

• Language Skills

• Effectively communicate in English verbally and in writing. Spanish knowledge is an added advantage.

• Work Environment

• This role will be performed in an office / remote environment.

• Travel

• Travel for this role is typically 0%

Industry-Competitive Benefits

Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive. Some of the most attractive elements of our benefit programs include:

• Health Insurance Benefits - Medical, Dental, Vision
  
• Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts
  
• Well-being programs including companywide events and a wellness incentive program
  
• Paid Time Off
  
• Financial Wellness - Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance
  
• Family-Friendly Employee events
  
• Employee Assistance Program services - mental health and other concierge type services
  

Benefits may vary based on location, job role/level, job status, and/or the terms of any applicable collective bargaining agreements.

Job Requisition ID: Req-255757

Time Type: Full time

Anticipated Close Date: 11/25/2024

Lamb Weston is an Equal Opportunity Employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status or any other protected factor under federal, state or local law

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