Cost Recovery Specialist

Looking for a company that treats associates with respect, understanding, and appreciation? Looking for a company that is passionate about teamwork and the growth of it's associates and communities? That's WEIS!

Job Description:

The Cost Recovery Specialist is responsible for identifying, recovering, and preventing financial leakage across grocery retail operations. This role will lead efforts to expand the scope of cost recovery across high-volume vendor categories and transition third-party review activities to an efficient, scalable in-house model. The position requires deep analytical capability, strong understanding of grocery retail operations, and the ability to collaborate across Finance, Merchandising, Procurement, Supply Chain, and AP.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The associate may be responsible for the functions below, in addition to other duties as assigned:

• Execute collection efforts for debit balance suppliers by monitoring outstanding balances, following up with suppliers and internal business partners, and maintaining accurate documentation of collection activities to ensure timely resolution and recovery.
• Execute recovery efforts with post audit vendors and internal stakeholders working closely with our post audit firm.
• Track post audit recoveries and savings by category, vendor, and root cause. Prepare and run daily, weekly and monthly reporting.
• Partner with Merchandising and Procurement to align recovery strategies with vendor agreements and identify new cost recovery opportunities across all categories.
• Identify causes of recurring cost leakage and present findings, trends and performance metrics to make process improvement recommendations to leadership.
• Participate in financial systems testing to ensure systems are designed to the needs of the department.
• Maintain knowledge of department processes and monitor integrations and processes for accurate completion.
• Work independently to manage assigned responsibilities, exercise sound judgment and complete work accurately and timely while seeking guidance when appropriate.
• Perform accounting duties as needed and maintain position procedural documentation; and assist with the completion of special projects.

Supervisory Responsibilities

This position currently has no supervisory responsibilities.

Qualification Requirements

To perform this job successfully, the associate must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required:

Education and/or Experience

Bachelor's degree (BA/BS) in Business Administration, Accounting or Finance preferred or a minimum of 2+ years relevant experience.

Weis Markets is an Equal Opportunity Employer:  Weis Markets is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of actual or perceived age, sex, sexual orientation, race, color, creed, religion, familial status, ethnicity, national origin, citizenship, disability, marital status, military or veteran status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. Applicants with a disability may be entitled to a reasonable accommodation under terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the ways things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Weis Markets.