Salary Range $96,000 - $125,000*
Job Description: Who We Are: Saks is a world-renowned luxury ecommerce destination. The company's unique approach combines a focus on the digital customer experience with a strong connection to a network of extraordinary stores that extends that seamless experience into the real world. On its website and app, Saks offers an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home décor and more. In addition to the shopping experience, customers come to Saks for inspiring editorial content, access to digital stylists, lifestyle experiences and other world-class services. The company is currently in the midst of a dramatic expansion, driven by significant enhancements to its platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.
Role Summary: The Manager, Accounts Payable has day-to-day responsibility for Saks OFF 5TH's Expense Accounts, Merchandise Payables and Corporate card processing functions. The primary responsibility of this position is to ensure the timely and accurate processing of all daily/monthly/quarterly functions in alignment with our guidelines. The Manager will support the overall leadership of the Accounts Payable team, which includes vendor relations and offshore support. The incumbent is responsible for the efficient and accurate processing of supplier invoices (both expense and merchandise) as well as associated adjustments. The Manager will serve as a point of contact for both external stakeholders (e.g., Vendors) and internal stakeholders (e.g., Merchants, Logistics, and other Finance teams) to address concerns in a timely manner. The incumbent will support in delivering a superior quality of service from AP to the organization, including handling escalations to resolve and correct issues and concerns raised by internal or external guests.
Key Qualifications: - Bachelor's degree, with business or accounting background preferred
- Experience within Accounts Payable function in a large, multi-national company
- Knowledge of retail systems, cost accounting and general ledger
- Experience with accounting monthly and quarterly close process within the AP function
- Minimum of 3-5 years of experience in accounting, finance, or related field, including exposure to Accounts Payable.
- Accounts Payable experience in the retail industry, while not required, is preferred
- Proficient in Microsoft Excel is required
- Working knowledge of Oracle GL / Oracle Fusion, is a strong plus
- Superior written and verbal communication skills
- Demonstrated understanding and acceptance for responsibility of confidentiality.
- Strong organizational / time management skills
- High attention to detail
- Ability to multi-task and manage multiple priorities simultaneously
- Demonstrated management, leadership, and problem-solving skills.
- A proven ability to build strong business relationships beyond the finance team, as well as ability to effectively manage the needs of multiple stakeholder groups.
- Strong customer service focus.
Role Description: - 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 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
- Provide support and direction to expense managers throughout the company pertaining to the payment of expense invoices and helping to resolve any escalated issues or invoices / payments requiring expedited treatment.
- 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 all together
- 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 GLReporting / 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
Your Life and Career at Saks: - 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
Thank you for your interest with Saks. We look forward to reviewing your application. Saks provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Saks complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Saks welcomes all applicants for this position. Should you be individually selected to participate in an assessment or selection process, accommodations are available upon request in relation to the materials or processes to be used.
Saks.com is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. *The above expected salary range may have some variability based upon factors including, but not limited to, a candidate's overall experience, qualifications, and geographic location. If you are interested in the role, we encourage you to apply and, if selected to move forward in the interview process, you will have a chance to speak with our recruitment team regarding your specific salary expectations.