Vendor Funds Manager (Burlington, ON)

At Wolseley Canada, our leading-edge is the knowledge and insight found in every corner of our organization. Here, you’ll build strong relationships and support critical industries that touch the lives of Canadians. Every day, we show up with intention and pride; in ourselves, our associates, and our customers. You’ll have a solid foundation to try new things, uncover new possibilities, challenge yourself, and grow your career. Does this sound like somewhere you’d like to be?

Wolseley Canada is the leading wholesale distributor of plumbing, HVAC/R, waterworks and industrial products in the country and working here means, a network of possibilities, a place you are valued and a higher standard.

Join the Pros!

Based out of the Burlington Head Office and working closely with all members of the Finance and the Category Management team, the Vendor Funds Manager will oversee and manage the accounting and monitoring of Vendor Rebate funds including vendor rebates and claim backs.

This position is a unique opportunity for a strong systems-inclined individual to be a key player in the financial operations of Wolseley Canada. The rebate administration system, Deal Track (on-cloud rebates software), will be utilized to ensure reliable data is inputted for calculations to deliver accurate rebate accruals. Success in this role will require a self-starter, with a strong analytical mindset, who is keen to understand the financial data and operating activities of the business.

What you will do:

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Vendor Funds Management

• Plan, organize, coordinate, direct and monitor all activities of the Vendor Funds Department including accrual to payment.

• Oversee processing of Vendor Claimbacks.

• Collaborate with the Category Management and the Supply Chain teams to forecast, track and report on rebates.

• Provide timely and accurate feedback related to operational performance to business partners.

Financial Reporting and Analysis

• Develop and perform financial analysis to help evaluate the various aspects of existing rebate programs (e.g. evaluation of rebate tiers) to ensure that both company estimates and collections represent accurate accounting Rebate agreements.

• Ensuring timely and accurate month-end close related to rebates.

• Monthly rebate presentation to executive team on key KPIs.

• Executes analysis to optimize rebate programs.  

• Conducts root cause analysis on payment discrepancies and executes resolution of identified issues.

• Provides ad hoc reporting at the request of Senior Management.

Process Improvement & Compliance

• Ensure compliance with vendor funding agreements, including adherence to funding guidelines and reporting requirements

• System Administrator for Vendor Rebate Management System.

• Maintains internal controls to manage financial risks associated with rebates and ensure compliance with SOX requirements.

Team Leadership and Development

• Conducts performance reviews and provides feedback to direct reports on a regular basis.

• Mentors and coaches team members on developmental areas, providing opportunities for continuous improvement to grow capabilities and build a high-performing team.

What you will bring:

• Undergraduate degree in Accounting or Finance or equivalent work experience, required.

• Minimum of 5 years' experience in Accounting or Finance, including supervisory experience

• Strong analytical skills and ability to manage complex data.

• Strong communication skills

• Continuous improvement mindset and superior organizational skills

• Advanced Excel, SQL queries, Tableau and experience working on integrated ERP software.

• Completion of or working towards the CPA designation is an asset.

Each resume submitted gets individually reviewed by our team and retained for 24 months if other new and exciting opportunities arise that match your skills and qualifications.

Please note: This position requires the result of a satisfactory criminal record check. A record under the Criminal Code and/or other federal offence record(s) does not automatically mean you will be ineligible for the position.

Vacancy Status: Existing position

Salary Range: $85,000 to $110,000 and 15% Bonus
Total salary range: $91,000 to $126,000

Please note: The total compensation range posted for this role represents the total compensation opportunity, which may include base wage, bonuses, commissions, and/or other monetary components, if applicable. Placement in the range will be based on factors such as market conditions, internal equity, candidate experience, skills and qualifications relevant to the role.

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