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Financial Analyst - Vendor Accounts
BrandBest Buy

The Vendor Account Representative will be the account manager for consignment vendors that total approx. $600-700M in sales annually. Responsibilities include timely and accurate reconciliation of account inventory by SKU, receipts, programs and payments to consignment vendors. Negotiation vendor shrink settlements, The accountant will act as a liaison between Marketing, Inventory Control, A/P Merchandise and vendors. Provide on-going training support to the internal sales teams. Must be able to interpret, apply and communicate AP policy and procedure.

In this role you will:
Monthly Sales Payments and Annual Vendor Reconciliation:
  • Research disputed issues on consignment vendor inventory statements and correspond with vendor to resolve issues with appropriate documentation to mitigate financial risk to Best Buy. Timely reconciliation of inventory statements includes preparing documentation for reconciliations, track resolution issues in reconciliation system. Negotiate vendor shrink settlement, escalate stalemate issues to manager for resolution. Timely responsiveness to vendor issues is conducive to a mutually beneficial relationship. Failure to meet the vendor’s needs could result in shipment holds.
  • Monthly and annual reconciliation to ensure accurate and timely sales payment inclusive of any Shrink payable to the vendor.
Managed Relationships:
  • Establish and manage relationships with key internal and external customers. Attend monthly SKU setup meeting and review proposed SKU setups to validate accuracy and avoid downstream impacts.
  • Review and approve consignment vendor program agreements, maintain vendor documentation and compliance of assigned accounts.
Project Participation:
  • Act as SME for all new and existing consignment initiative/projects.

What is required for this role?
We are looking for an individual who has the ability to work independently, yet within a team atmosphere and has the ability to work cross-functionally with business partners (Merchant, Controllership and vendors). The ideal individual will have general understanding of accounting controls and spending policies.

The most successful candidate will have strong communication skills both verbal and written with a collaborative, inclusive and concise style that is consistent with Best Buy’s values. We are looking for someone who has the ability to work in a high paced environment and is reliable and dependable. In addition, the ideal candidate has an analytical mindset with attention to detail.

Basic Requirements:
  • 2+ years of Accounts Payable operations experience
  • 2+ years vendor negotiations experience
  • 2+ years Root Cause analysis, effective resolution experience (attention to detail)
  • 2+ years - Proficient in Oracle, Retek, ReIM, Excel, Business Objects,

Auto Req. ID779420BR
Employment CategoryFinance/Accounting
Job LevelIndividual Contributor
Location Number900235-180-Accounts Payable
Address7601 Penn Avenue South
CityRichfield
StateMN

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