Promotional Claims Accrual Analyst at Monster Energy in USA - Corona, CA

Job description

• The Promotional Claims Accrual Analyst reports directly to the Accrual Manager - Promotional Claims. Duties include the ongoing review, management, analysis, and adjustments of promotional spend accruals related to Customer promotional plans for month- and quarter-end close, working cross-functionally with Accounting Leadership, Revenue Growth Management, and Sales to ensure accuracy, timeliness of the accrual, and providing support to the Accrual Manager-Promotional Claims and Director-Promotional Claims, as needed. Candidates should have a minimum of 1-3 years analytical experience in accounting, have a strong understanding of accounting principles, especially those related to accruals, with the ability to analyze data, identify trends, and adjust accruals accordingly.

Responsibilities

• Month End Closing Preparation - Responsible for regularly monitoring, updating, and/or maintaining accruals to ensure accuracy for month-end and quarter-end closing cycles related to Promotional Allowance accruals, ensuring compliance with standard operating procedures, internal controls, & GAAP rules. Update and review of monthly GL details & related financial postings to identify changes requiring updates. Participate in internal & external audit, as needed. Identify opportunities for process enhancements/improvements.
• Communication & Support - Provide support to Accrual Supervisor and Accrual Manager by communicating insights on fluctuations within the Promotional Allowances accrual &/or expense, developing &/or delivering various analytical reports, and participating in ad-hoc assignments or projects, as needed. Collaborate, coach, support cross-functionally with the Promotional Claims team, Pricing team, Sales/RGM, and others, as needed, by providing guidance and instruction on best practices and process requirements.
• Accrual Change Management - Responsible for the review of promotional planned revisions and/or cancellation requests to ensure proper information is recorded and administered appropriately when revising or cancelling promotions.
• Leadership and Guidance - Act as the subject matter expert for assigned Chain/Distributor accounts. While all employees receive foundational training, Leads hold specialized knowledge of promotions, account managers, chain/distributor-specific practices, and best approaches for managing their accounts.

Requirements

• 3-5 years of experience in Accounting
• 1-3 years of experience in Analytical experience
• Intermediate to Advanced Microsoft Excel skills are required. Proficiency with Microsoft Office Suite including but not limited to Teams, Outlook, Sharepoint, PowerBI, SAP, SalesForce, and/or VIP-PPM knowledge etc. a plus.
• Requires strong understanding of accounting principles related to accruals, problem-solving and organization skills, self-motivated mindset with a proactive approach to taking the initiative. Must be willing to work Overtime, as needed, to get the job done and meet deadlines timely. Typing and 10-key is required.
• Bachelor's Degree in Accounting, Math, Finance, IT, Economics, or Business

Skills

Required

• Problem-solving and organization skills
• Willing to work Overtime
• Typing and 10-key

Benefits

• Monster Energy provides competitive total compensation. The estimated annual salary range for this position is listed below. Actual compensation may vary based on skills, qualifications, experience, and work location.
• Pay Range
• $70,304 - $78,740 USD