Vendor Incentive Processing Specialist

Job Description

Position Summary

• Coordinate receipt of vendor reporting on volume incentive dollars earned under contract.
• Process vendor payments and credit memos received; ensure accuracy of internal recordkeeping.
• Upload vendor earning information into internal accounting system; ensure correct system processing.
• Support setup of new vendor buying agreements.

Vendor Payment Accuracy

• Audit vendor reporting to payables records to ensure accuracy of reporting received.
• Work with vendor to resolve discrepancies and omissions in vendor reporting.
• Track all processing efforts, and incremental amounts collected via review and inquiry.

Vendor Program Analytics, Advocacy, and Education

• Calculate analytics on base, tier, and growth goal programs; communicate to key stakeholders.
• Support calculations for buy-down and buy-up opportunities; advise on strategic decision making.
• Assist in development of automation programs.
• Provide process, trend, and self-service education to local company partners, while maintaining confidentiality agreements.

Winsupply Sourcing Services – Local Company (LC) Incentive Programs

• Work to ensure accurate system setup of LC incentive programs on purchases from Sourcing Services; review regularly for accuracy.
• Support continued development and administration of WSS incentive programs.

Qualifications

• Minimum Qualifications:
• Bachelor’s Degree in Accounting, Finance, Business, or related field.
• Relevant experience considered in lieu of a degree.
• Strong proficiency in Microsoft Office and Google Suite technology.
• Preferred Qualifications:
• Experience in industrial distribution, wholesaling, or large-scale procurement operations.

Additional Information

• Physical Demands:
• Sitting for extended periods of time.
• Dexterity of hands and fingers to operate a computer keyboard, mouse, and other computer components.