Job Summary

Job Description

Senior Rebates Analyst/ Specialist

About Medline

Medline Industries India Pvt. Ltd. is engaged in providing offshore business support services to Medline Industries, LP & its global associate companies in the area of Information Services, Finance & Business processes Management. Medline Industries India Private Limited was set up in 2010 in Pune, India and, today we are a proud team of 900 plus associates supporting Medline's healthcare vision across the USA, Europe & other International regions.

Medline is America's largest privately-held national manufacturer and distributor of health care supplies and services. Today, Medline manufactures and distributes more than 550,000 medical products, encompassing medical-surgical items and one of the largest textile lines in the industry. With 17 manufacturing facilities worldwide and over 25 joint venture manufacturing plants worldwide, along with 40 distribution centers in North America and 50 throughout the world, Medline posted $ 20.2 billion in revenue last year.

Why Join Medline

Direct, full-time employment in a large, stable, rapidly growing and, yet profitable company.
A privately owned company
No ill effects of recent downturn/recession.
First-rate compensation and benefits package.
Genuine individual growth potential in this new establishment.
Open door and highly ethical work culture, with due accountability.

Job Description

The Rebate Analyst is responsible for the calculation and payment of Customer Rebates. This position will be responsible for the process start to finish, including tasks like agreement management, accrual setup, ensuring previous payments are completed, and processing future payments, and, monitoring rebate accruals and upcharges which have a direct impact on the net profitability of all sales and product divisions.

Required Skills

Work experience-Must

Accounting experience
Good knowledge of month end Accrual posting
Good understanding and knowledge of Basic accounting
IS experience

Soft skills

Excellent communication skills
Ability to communicate strongly and influence without authority
Exceptional analytical, organizational, and communication skills
Having Continuous improvement mindset
Flexibility and good team player

Responsibilities

Rebate Calculation and Processing:

Utilize financial data and systems to accurately calculate customer rebates according to established agreements and terms.
Review and verify rebate claims submitted by customers, ensuring adherence to contractual terms and conditions.
Collaborate with sales and account management teams to resolve any discrepancies or issues related to rebate calculations.

Agreement Clauses interpretation and setting up in Vistex basis the same
Stakeholder Management:

Establish and maintain strong working relationships with internal stakeholders, including sales, marketing, and finance teams.
Communicate effectively to ensure all parties are aligned on rebate program details, changes, and timelines.
Address stakeholder inquiries and concerns promptly, providing clear and concise explanations as needed.

Process Improvement:

Continuously assess and enhance the rebate calculation and processing procedures to streamline operations and minimize errors.
Identify opportunities to automate manual processes, increasing efficiency and accuracy in rebate management.

Team Mentorship:

Act as a subject matter expert, providing guidance and training to junior rebate analysts.
Foster a collaborative and supportive team environment, encouraging professional growth and development among team members.
Assist in resolving complex issues and escalations, leveraging your experience to guide the team toward effective solutions.

Data Analysis and Reporting

Analyze rebate data to identify trends, patterns, and opportunities for improvement.
Generate regular and ad hoc reports to provide insights to management and stakeholders regarding rebate program performance.

Compliance and Audit:

Ensure compliance with company policies, legal requirements, and industry regulations related to rebate processing.
Assist in audit processes by providing accurate documentation and explanations of rebate calculations and activities.

Qualification

Bachelor's degree in Finance, Accounting, or related field; Master's degree a plus.
5-8 years of experience in rebate analysis and processing.
Proficiency in financial analysis tools and software, such as Excel, ERP systems, and data visualization tools.
Strong understanding of financial principles and calculations.
Excellent communication and interpersonal skills for effective stakeholder management.
Proven ability to lead and mentor a team.
Detail-oriented with exceptional problem-solving skills.
Experience in process improvement initiatives preferred.

About Medline India

Medline India was setup in 2010 in Pune, primarily as an offshore Development centre and to augment resources for Medline Industries LP headquartered in Chicago, USA. We are a 1500+ strong and growing team of technology, finance & and business support professionals who support our businesses worldwide towards a mission to make healthcare run better. We are proud to be certified as a Great Place to Work by the Great Place to Work Institute® (India) for the duration May 2023 – May 2024.

We are an organization with a conducive work environment, ample opportunities to learn, contribute and grow with a highly empowered & engaged team. We encourage our people to share their best ideas and create new opportunities for our customers and ourselves to work together to solve today's toughest healthcare challenges.

About Medline Industries, LP

Established in 1966, Medline Industries LP is a renowned global healthcare organization boasting 56 years of consecutive sales growth, exceeding $21 billion in annual sales. With a workforce of over 36,000 professionals spread across the globe, we operate in more than 125 countries and territories. As the largest privately held manufacturer and distributor of medical supplies in the United States, Medline is uniquely positioned to offer comprehensive products, education, and support across the continuum of care.

At present, Medline Industries, LP holds the esteemed position as the #1 market leader, delivering an extensive portfolio of over 550,000 medical products and clinical solutions. Our clientele includes hospitals, extended care facilities, surgery centres, physician offices, home care agencies, providers, and retailers. We are proud to be recognized by Forbes as one of America's Best Large Employers and Best Employers for Women. Additionally, the Chicago Tribune has consistently named us a Top Workplace for the past 12 years.

Sr Analyst Rebate