LMC is a leading buying group for a network of independent family-owned building material companies across the US. As their buying group, LMC negotiates and facilitates procurement opportunities for the most desired brands in the lumber and building materials industry. We also work to provide operational support with focus on logistics, capital equipment, technology, and marketing. By leveraging the billion dollar buying power of our members, LMC ensures our members have a competitive edge to capture more of their local market share.
The Supervisor, Rebate Accounting oversees all aspects of the collecting, posting and reconciling credits and payments for the National Account Program (NAP) and Coop Assistance Program (CAP) operated by LMC. This includes the reconciliation of stockholder accounts on a quarterly and annual basis and managing the communications and reporting to the stockholders along with collections from vendors. The Department also handles the year end summary of rebates and communications with stockholders regarding patronage dividend calculation/distribution, preferred stock purchases and 1099 reporting.
The Supervisor, Rebate Accounting is also responsible for assisting in the collection, review and proper analysis of the LMC stockholders’ financial statements for credit line assignments. The incumbent is responsible for recommending credit line assignments, utilizing the existing proprietary financial reporting system for determining credit risk and assisting in the reporting of information to the Finance Committee. This position has contact with the stockholders of the organization and will be expected to maintain a high level of confidentiality.
The Supervisor is responsible for generating customized stockholder reports utilizing various sources and compiling ad hoc reports to be provided to the Finance Committee and management. The Supervisor assists in the securing and recording of requested collateral and monitoring assigned credit lines and communications to staff. The role also has authority to make proposals affecting the efficient operation of the rebate accounting function and assists in the credit management process.
Primary Duties and Responsibilities:
- Supervise the accounting for high level programs including reconciliation and distribution of the stockholder credits on a timely basis.
- Oversee the maintenance of up-to-date accounting records and ensures that purchasing is advised of outdated vendor rebate fact sheets that should be updated on an annual basis.
- Interpret and analyze dealer data for measuring and identifying company performance of purchasing volume.
- Utilize accounting systems for accounting of various rebates and credit lines for integration with corporate general ledger.
- Provide detailed analysis and interpretation of data to assist in the identification of business opportunities, as requested by an officer.
- Read, analyze and interpret confidential stockholder financial statements and creates reports provided to the Finance Committee and the stockholders.
- Work directly with stockholders regarding general issues and handle confidential stockholder financial discussions.
- Prepare necessary written reports for the Finance Committee.
- Maintain accurate and current information in the LMC dealer finance system and provide ad hoc reports as requested.
- Conduct performance evaluations in conjunction with the department manager.
- Develop and train staff to achieve corporate, divisional and departmental goals.
- Perform other duties as required and/or assigned.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or equivalent work experience.
- Three (3) to five (5) years related accounting experience, preferably in the building materials industry.
- Prior supervisory experience is preferred.
- Excellent leadership capabilities embodying mentoring, role modeling, coaching, and skill development.
- Considerable experience with fact and profit-based decision making.
- Strong customer service and interpersonal skills, necessary to build and maintain relationships and interact well across all levels.
- Excellent verbal and written communication skills, including the ability to communicate with internal and external contacts, both in writing and verbally.
- Considerable knowledge of Microsoft Office programs such as Excel, Word and Outlook.
- Strong analytical and financial analysis skills.
- Prior experience managing rebate programs or working in the building materials industry preferred.
- Must be organized, detail oriented and able to efficiently function under pressure.
- Excellent critical thinking, problem solving and sound judgment.
- Ability to work quickly and meet deadlines while maintaining accuracy.
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