Accounting Manager

5 days ago

New York, New York, United States Saks Full time
Job Title: Manager, Accounts Payable

Saks is seeking a highly skilled and experienced Manager, Accounts Payable to join our team. As a key member of our finance department, you will be responsible for ensuring the timely and accurate processing of all daily, monthly, and quarterly functions in alignment with our guidelines.

Key Responsibilities:
  • Provide leadership and guidance to the Saks OFF 5TH Merchant and Expense AP process to ensure all functions are completed accurately, timely, and within company policies and procedures.
  • Support all activities involved in the end-to-end processing of transactions that create or impact payments to Merchandise, Expense vendors to ensure funds are disbursed appropriately and consistent with Saks OFF 5TH's policies and business/financial controls.
  • Provide support to Merchants/Buyers throughout the company pertaining to the processing of Merchandise invoices and payments and helping to resolve any escalated issues or invoices/payments requiring expedited treatment and the resolution of complex transactions/issues.
  • Support the Saks OFF 5TH Corporate card transaction processing and ensure compliance with all policies and procedures.
  • Protect the assets of the company by ensuring that policies and procedures pertaining to invoice approvals and vendor payments are clearly defined, communicated, and followed by associates.
  • Monitor transaction backlog (both onshore/offshore) and workload to ensure productivity standards are met.
  • Support the development and delivery of training and communication updates to merchant teams and other Saks OFF 5TH stakeholders pertaining to merchandise and expense invoice processing activities.
  • Monitor accounting activity involved in the processing and payment of vendor documents to ensure that our A/P trade liability is recorded accurately.
  • Provide input and direction related to Policies and Procedures related to Merchandise, Expense, and Corporate Card Payables.
  • Respond to issues/queries related to Merchandise payables escalated by Merchants, Vendors, or other departments.
  • Support offshore team to develop root cause analysis on issues to minimize recurrence or eliminate altogether.
  • Support Period-end close activities for the Merchandise and Expense Payables team: ensure all period-end accounting activities (journal entry approval, balance sheet reconciliations, other analytics, and reporting) are completed in a timely manner and in accordance with financial controls and policies.
  • Assist in various project and ad-hoc requests.
  • Support the external and internal audit process as required.
  • Ensure all transaction balance to the GL.
  • Reporting/Analysis of Merchandise/Expense/Corporate Card spend: manage, support reporting requirements including AUIs, AURs, etc.
  • Provide reporting and analysis of merchandise and expense spend to support cost reduction initiatives or other projects.
  • Assist in ad-hoc projects.
  • Provide timely and accurate reporting to support the Merchandise and Expense AP process to business stakeholders.
About Saks:

Saks is a world-renowned luxury ecommerce destination. We offer an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home décor, and more. Our company is currently in the midst of a dramatic expansion, driven by significant enhancements to our platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.

What We Offer:
  • Exposure to rewarding career advancement opportunities.
  • A culture that promotes a healthy, fulfilling work/life balance.
  • Benefits package for all eligible full-time employees (including medical, vision, and dental).
  • An amazing employee discount.

We celebrate diversity and are committed to creating an inclusive environment for all employees. Saks is an equal opportunity employer.

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