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Deduction Resolution Analyst Jobs in Minnesota (NOW HIRING)

Pentair

Credit Analyst

Golden Valley, MN

$61K - $113K/yr

Interface with internal and external customers to resolve any deduction related issues & improve ... Experience in Credit, Collections and Dispute Resolution- Customer Service * Advanced Excel Skills

Pentair

Credit Analyst

Golden Valley, MN · Hybrid

$61K - $113K/yr

Interface with internal and external customers to resolve any deduction related issues & improve ... Experience in Credit, Collections and Dispute Resolution- Customer Service. * Advanced Excel Skills.

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Deduction Resolution Analyst information

What is a deduction resolution specialist?

A deduction resolution specialist is a professional responsible for investigating and resolving billing discrepancies, such as incorrect charges or unpaid invoices, often within finance or accounting departments. They analyze account data, communicate with clients or vendors, and use tools like accounting software to ensure accurate financial records and timely resolution of deductions.

What does a deduction analyst do?

A deduction resolution analyst reviews and investigates customer account deductions to identify errors, discrepancies, or fraudulent activity. They analyze billing data, communicate with internal teams or clients, and use accounting or ERP software to resolve issues and ensure accurate financial records.

What are the key skills and qualifications needed to thrive as a Deduction Resolution Analyst, and why are they important?

To thrive as a Deduction Resolution Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or business administration. Familiarity with ERP systems like SAP or Oracle, proficiency in Excel, and knowledge of claims management software are typically required. Effective communication, problem-solving ability, and perseverance are standout soft skills for this role. These skills ensure that deduction issues are accurately identified, investigated, and resolved efficiently, minimizing financial losses for the organization.

What type of analyst gets paid the most?

Among analysts, senior or specialized roles such as financial analysts, data analysts with advanced skills, or management analysts tend to have the highest salaries. Deduction Resolution Analysts typically earn moderate wages, with higher pay for those with extensive experience, certifications, or in leadership positions within finance or accounting departments.

What jobs pay 2000 a day?

Jobs that can pay $2,000 a day typically include specialized roles such as high-level consultants, senior financial analysts, or certain freelance professionals like surgeons or experienced software developers. These positions often require advanced skills, certifications, or extensive experience, and may involve project-based or contract work with high earning potential.

What are Deduction Resolution Analysts?

Deduction Resolution Analysts are professionals responsible for investigating and resolving payment deductions taken by customers from invoices, often in accounts receivable departments. They analyze the validity of deductions, collaborate with internal teams and customers, and ensure that disputes are resolved in a timely manner. Their work helps companies maintain accurate financial records and recover revenue that may otherwise be lost due to unauthorized or incorrect deductions.

What is the difference between Deduction Resolution Analyst vs Accounts Receivable Specialist?

AspectDeduction Resolution AnalystAccounts Receivable Specialist
CredentialsTypically requires a high school diploma or equivalent; some roles prefer certifications in accounting or financeUsually requires a high school diploma; some roles benefit from accounting or finance certifications
Work EnvironmentOffice setting, handling deduction disputes and resolution processesOffice environment, managing invoicing, payments, and collections
Industry UsageCommon in retail, manufacturing, and distribution sectorsWidely used across various industries including retail, healthcare, and manufacturing

While both roles involve financial transactions, a Deduction Resolution Analyst primarily focuses on resolving deduction disputes and ensuring accurate account balances, whereas an Accounts Receivable Specialist manages invoicing, collections, and payment processing. The roles often overlap in skills and industry usage but differ in specific responsibilities and focus areas.

What are some common challenges faced by Deduction Resolution Analysts and how are they typically addressed?

Deduction Resolution Analysts often encounter challenges such as resolving complex payment discrepancies, navigating incomplete documentation, and managing high volumes of disputed transactions. These issues are typically addressed through rigorous attention to detail, strong communication with both internal teams and external customers, and effective use of deduction management software. Analysts also rely on well-established processes and support from cross-functional departments like sales, accounts receivable, and customer service to resolve issues efficiently and minimize future deductions.
What are popular job titles related to Deduction Resolution Analyst jobs in Minnesota? For Deduction Resolution Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Deduction Resolution Analyst jobs in Minnesota look for? The top searched job categories for Deduction Resolution Analyst jobs in Minnesota are:
What cities in Minnesota are hiring for Deduction Resolution Analyst jobs? Cities in Minnesota with the most Deduction Resolution Analyst job openings:
Deduction Resolution Analyst jobs near you
DEDUCTION RESOLUTION SPECIALIST - FOODSERVICE - CORPORATE OFFICE (AUSTIN OR WILLMAR, MN)

DEDUCTION RESOLUTION SPECIALIST - FOODSERVICE - CORPORATE OFFICE (AUSTIN OR WILLMAR, MN)

Hormel Foods Corporation

Austin, MN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

Hormel Foods rating

7.2

Company rating: 7.2 out of 10

Based on 93 frontline employees who took The Breakroom Quiz

172nd of 388 rated food and drinks producers

Job description

DEDUCTION RESOLUTION SPECIALIST - FOODSERVICE - CORPORATE OFFICE (AUSTIN OR WILLMAR, MN)

This position reports to Kyrie Schmidtke (Austin) - Supervisors of Support Services - Foodservice.

Relocation is not eligible for this role.

RESPONSIBILITIES:

  • Manages the overall process efficiencies of the total suspense dollars, promotional activity, audit resolution individually and within a team.
  • Works directly with external customers and sales staff to investigate deductions, determine their validity, enter and process resolution through a billback plus perform collection of repayments, if invalid.
  • Uses time management skills to code deductions, submit backup, and identify new trends for assigned customers.
  • Successfully completes daily and weekly checklist and ask what else I can do.
  • Processes billing claims using the Forge application.

QUALIFICATIONS:

Required

  • Post high school accounting classes or the equivalent in experience.
  • A pattern of initiative.
  • Demonstrated proficiency in the Windows environment including Microsoft Word and Excel
  • Strong analytical, problem solving and decision-making skills.
  • Well-developed written and verbal communication skills.
  • Well-developed interpersonal and organizational skills.
  • Customer service experience.
  • Demonstrated ability to work independently with minimal supervision.
  • Demonstrated use of strong time management skills and the ability to prioritize work.

Preferred

  • Experience with Oracle Financials, HDS, High Radius, and Forge system.
  • Ability to learn other computer applications.

At Hormel Foods, base pay is one part of our total compensation package and is determined within a range.  The base hiring pay range for this role is listed in the posting, and your actual base pay within that range will depend upon a variety of factors including, but not limited to, job-related knowledge, skill set, level of experience, and geographic market location. 

Other components of Hormel Foods' total compensation package include comprehensive medical, dental and vision coverage, discretionary annual merit increases, bonuses and profit sharing, 401(k) with employer match, stock purchase plan, relocation assistance, paid vacation, FREE two-year community/technical college tuition for children of employees, and more.

Hormel Foods provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability.

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