Staff Accountant - Rebates

UL Solutions•Northbrook, IL

10d•$61,000 - $78,000•Hybrid

About The Position

This is a full-time hybrid (3 days a week on-site) position located at our Northbrook, IL office. Performs general accounting work requiring originality and ingenuity with some latitude for un-reviewed decisions, in assigned areas – specifically the rebates process area. Recording and reconciling monthly rebate accruals. Reviewing customer contracts to validate rebates are calculated in accordance with contractual terms. Applies fundamental accounting concepts and practices in assigned areas. Confers with supervisor on unusual matters. Communicates with management and employees regarding issues in accounting and recommends solutions. Explains and interprets department policies, procedures, and practices. Assists customers and other constituents. Assists in the development of new or revised policies, procedures, and programs by performing research and analysis. Develops recommendations concerning procedures and program features. Communicates with outside agencies or organizations, to obtain or exchange information. Develops and maintains working knowledge of advanced concepts in assigned areas, specifically Revenue Recognition under ASC 606 and Accounting for Rebates. Develops an awareness of how decisions made in assigned areas impact work in other functional areas. Stays abreast of current trends, and practices in area of specialization. Read and follow the Underwriters Laboratories Code of Conduct, and follow all physical and digital security practices Performs other duties as directed. What you’ll experience working for ULS UL Solutions has been pioneering change since 1894 and we’re still leading the way. From day one, we’ve blazed a trail protecting the planet and everyone on it. Our teams have influenced billions of products, plus services, software offerings and more. We break things, burn things and blow things up. All in the name of safety science. That’s where you come in — because none of it could happen without you. It takes passion to protect people, problem-solving to safeguard personal data and conviction to make the world a more sustainable place. It takes bold ideas and brilliant minds to build a better world for future generations across the globe. This is more than a job. It’s a calling. A passion to use our expertise and play our part in creating a more secure, sustainable world today — and tomorrow. As a member of our safety science community, you’ll use your ideas, your energy and your ambition to innovate, challenge and ultimately, help create a safer world. Everyone here is unique. But we’re also a global community, working together to help create a safer world. Join UL Solutions and you can connect with the brightest minds in the business, all bringing their distinct perspectives and diverse backgrounds together to deliver real change. Empowering our customers to keep the world safe means thinking ahead. It means investing in training and empowering our people to learn and innovate. At UL Solutions, we help build a better future — one where everyone benefits. Join UL Solutions to be at the center of safety. To learn more about us and the work we do, visit UL.com Total Rewards: We understand compensation is an important factor as you consider the next step in your career. The estimated salary range for this position is $61,000 to $78,000 and is based on multiple factors, including job-related knowledge/skills, experience, geographical location, as well as other factors. This position is eligible for annual bonus compensation with a target payout of 5% of the base salary. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday including floating holidays (12 days) and sick time off (72 hours).

Requirements

University Degree in Accounting, Finance or a related discipline plus generally two years of directly related accounting experience.
Detailed knowledge of accounting theories and practices in area of responsibility.
Working knowledge of all other accounting procedures.

Responsibilities

Performs general accounting work requiring originality and ingenuity with some latitude for un-reviewed decisions, in assigned areas – specifically the rebates process area.
Recording and reconciling monthly rebate accruals.
Reviewing customer contracts to validate rebates are calculated in accordance with contractual terms.
Applies fundamental accounting concepts and practices in assigned areas.
Confers with supervisor on unusual matters.
Communicates with management and employees regarding issues in accounting and recommends solutions.
Explains and interprets department policies, procedures, and practices.
Assists customers and other constituents.
Assists in the development of new or revised policies, procedures, and programs by performing research and analysis.
Develops recommendations concerning procedures and program features.
Communicates with outside agencies or organizations, to obtain or exchange information.
Develops and maintains working knowledge of advanced concepts in assigned areas, specifically Revenue Recognition under ASC 606 and Accounting for Rebates.
Develops an awareness of how decisions made in assigned areas impact work in other functional areas.
Stays abreast of current trends, and practices in area of specialization.
Read and follow the Underwriters Laboratories Code of Conduct, and follow all physical and digital security practices
Performs other duties as directed.