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Commercial Accountant

Bimeda
Schaumburg, IL Full Time
POSTED ON 11/27/2024 CLOSED ON 1/21/2025

What are the responsibilities and job description for the Commercial Accountant position at Bimeda?

The Commercial and Rebate Accountant will be responsible for financial and management reporting, rebate calculations, and process improvements for the North America Division and its associated entities. The qualified candidate will be technically strong and have experience in the manufacturing industry.


Responsibilities:


Rebates:

  • Program Management & Calculation: Develop, implement, and monitor rebate programs; ensure accurate calculation of rebates based on predefined terms and performance metrics.
  • Processing & Reconciliation: Process and document rebate claims, reconcile accounts to maintain financial accuracy, and ensure rebate transactions are reflected in financial statements.
  • Reporting, Analysis, & Compliance: Provide detailed reports on rebate performance, analyze profitability, ensure compliance with policies/regulations, and assist in audits related to rebate activities.


Management Reporting:

Assisting with the preparation of the Divisional month end reporting and Executive presentation.

  • Cost Management: Monitoring and controlling costs, identifying inefficiencies, and proposing ways to improve profitability.
  • Inventory Reporting: Preparing inventory reporting and analysis.
  • Financial Analysis: Analyzing financial data to provide insights into the division’s performance, such as product profitability, sales performance, and cost efficiency.
  • Budgeting and Forecasting: Assist with the annual budgeting and forecasting process. Creating budgets, forecasting future financial performance, and identify and investigate variances to forecast, budget, proactively identifying opportunities for improvement.
  • Supporting Strategic Decisions: Providing financial data and analysis to support business strategies, investments, and expansion plans.
  • Cash Forecasting: Managing working capital, tracking cash flow, and ensuring that the company has enough liquidity to meet its obligations.
  • Costing and Pricing Strategies: Helping in setting prices for product based on costs, margins, and market trends.
  • Annual Audit: Assist with the annual audit process for the Division and liaise with external auditors.
  • Compliance and Regulation: Ensuring the business adheres to financial regulations, including tax laws, and preparing for audits.
  • Ad hoc responsibilities: Support the SVP of Finance and North America Operations on a range of process improvement projects including the enhancement of Power BI reporting.


Please note that this job description is not exhaustive, and the role holder may be required to undertake other relevant duties commensurate with the grading of the post. Activities may be subject to amendment over time as the role develops and/or priorities and requirements evolve.


Competencies Required 

THOROUGHNESS/DETAIL ORIENTED - Highly detail-oriented, ensuring completeness and accuracy in financial information. Highly organized and able to work under pressure, handling multiple priorities efficiently.


ANALYTICAL THINKING is the ability to identify the information needed to clarify a situation, seek that information from various sources and then tackle a problem by using a logical, systematic, sequential approachAbility to identify and separate the key components of problems and situationsAbility to interpret information from a range of sources to spot patterns and trends in information and to deduce cause and effect from this


PROBLEM-SOLVING – Is the ability to find solutions to complex problems quickly; know how to identify problems and strengths; good analytical skills.

 

FOSTERING COLLABORATION/TEAMWORK- A strong team player with a collaborative approach, building positive relationships and fostering teamwork. Possesses strong interpersonal and communication skills, essential for collaborating with stakeholders.


FINANCIAL ACUMEN  – is the ability to maintain and apply a broad understanding of financial management principles to ensure decisions are fiscally sound and responsible.  Demonstrates broad understanding of financial management principles to direct organizational activities


Other Requirements

Qualifications:

  • Professional Accounting qualification – ACA/ACCA/CIMA/CPA or equivalent with 6 years relevant post-qualification experience.
  • Excellent financial analysis skills, including the ability to critically assess and articulate the value drivers of a business.
  • Strong attention to detail to ensure completeness and accuracy of information.
  • Ability to work in a fast-paced environment, manage well through ambiguity, and adapt quickly to change.
  • Excellent interpersonal and communication skills.
  • Highly organized and able to work under pressure.
  • Team player with a collaborative style.


Preferred Requirements:

  • FP&A or business partnering experience.
  • Exposure to rebate calculations and related controls.
  • Experience in a manufacturing or similar environment.
  • Financial modeling skills, with ability to manage very detailed data.
  • Knowledge of Power BI/Tableau and Salesforce.


About Us:

Bimeda is a global leader in veterinary pharmaceuticals and animal health products, with over 50 years of experience in delivering science-driven solutions that enhance health, well-being, and productivity. Our commitment to innovation is supported by advanced R&D facilities across multiple continents, where expert teams develop products tailored to the evolving needs of our customers.


Our manufacturing capabilities encompass a diverse portfolio, including sterile injectables, vaccines, nutritional boluses, feed additives, tablets, water-soluble powders, pastes, and non-sterile liquids. In addition to our quality Bimeda-Branded Products; we offer contract manufacturing and R&D services for prominent companies within the animal health industry.


Salary : $100,000 - $120,000

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