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Deductions Manager

GO WITH A DIVISION USING THREE STRONG CHANNELS TO GENERATE $990 MILLION IN ANNUAL SALES.

At the Robert Bosch Tool Corporation, we know that every career matters. Which is why you should conduct yours on a grand scale. Headquartered in the northwest Chicago suburb of Mount Prospect, we are a $990 million division of Bosch, a multinational engineering and electronics organization and the largest privately held employer in the world.

Guided by the principles of founder Robert Bosch, we offer a setting where social and environmental responsibility are part of our corporate DNA. Always mindful of our impact on the future, we are committed to sustainability, paying it forward, giving back, and lifelong learning. These are but a few of the reasons why our parent company has more than 400,000 associates and a legacy of success spanning 135+ years.

Robert Bosch Tool Corporation offers the competitive compensation, career-development resources, and benefits you would expect of a world leader, including health, medical, and financial plans; work/life balance; and flexible work options.

GO BIG. GO BOLD. GO BOSCH.

Job Description

The Deductions Manager will be responsible for providing guidance and strategic support to the Deductions on a daily basis. This includes team members in both the US and India. A successful individual in this role will excel at establishing and monitoring clear targets, increasing our digital footprint, drive continuous improvement, and promoting strategic projects to improve department efficiencies. With the support of the team members, regular alignment and escalation topics will be required with Sales and Executive Management to clearly identify open accounts receivables and main areas of concern regarding our customers.

  • Provide guidance to and strategic support to Deductions Team
  • Analyze and problem solve largest fines, shorts, and returns from customers
  • Approve all accounts receivable clearings, understand DSO report on a monthly basis
  • Communication and control aging of customer deductions balance
  • Coordinate alignment and escalation with Sales for key retailers
  • Establishing and monitor clear targets for Deduction team

Qualifications

Required:

  • Bachelors Degree in Business Administration or 10 years of applicable working experience in Finance, Accounting, or Supply Chain
  • Process oriented
  • Problem solving and continuous improvement mindset
  • Retail controlling and/or logistics experience
  • Digital mindset; drive the use of new tools
  • Strong working experience with MS-office
  • Must have excellent communication and interpersonal skills and have a strong customer service focus. Must be “big picture” oriented, but also be detail-minded and possess excellent follow-up skills.
  • Experience in SAP or similar ERP systems

Preferred:

  • Experience in previous leadership/management of a team
  • MBA in Finance, Accounting, or Supply Chain

Additional Information

By choice, we are committed to a diverse workforce – EOE/Protected Veteran/Disabled.

BOSCH is a proud supporter of STEM (Science, Technology, Engineering & Mathematics) Initiatives

  • FIRST Robotics (For Inspiration and Recognition of Science and Technology)
  • AWIM (A World In Motion)

Indefinite U.S. work authorized individuals only. Future sponsorship for work authorization is not available.

Robert Bosch Tool Corporation NA

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05-19-2023

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