Director, Accounts Payable Jobs

Saks OFF 5TH is the premier luxury off-price destination. In its more than 100 stores in the U.S. and Canada, and online, at SaksOFF5TH.com, the company provides the best names in fashion at an incredible value through its merchandise authority, unparalleled brand access and seamless connection between ecommerce and stores.

What This Position Is All About:

The Director, Accounts Payable will be responsible for the overall leadership and direction of the Accounts Payable team for Saks OFF 5TH, which includes vendor relations and Saks OFF 5TH India Team. The incumbent is responsible for the efficient and accurate processing of supplier invoices (both expense and merchandise) as well as any associated adjustments. The Director is the key point of contact for both external stakeholders (e.g., Vendors) and internal stakeholders (e.g., Merchants, Logistics, other Finance teams, Vendor Relations, etc.) to address any concerns or issues in a timely manner. In particular, the incumbent will ensure that the AP team integrates seamlessly with the Procurement and Merchant organizations to support the joint management of both expense and merchandise suppliers from supplier set-up and maintenance as well as performance monitoring.

This role will be the “face” of the AP team and must demonstrate a high degree of customer orientation to meet the needs of internal “customers / business partners” across Saks OFF 5TH. The incumbent will be responsible for the overall quality of service delivery from AP to the organization, including acting as an escalation point to resolve and correct any issues / concerns raised by either internal customers or external vendors. This role will also form an integral part of the Finance leadership team.

The pay range for this position at commencement of employment is expected to be between $140,000 and $160,000/year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits), dependent on the position offered. Details of participation in these benefit plans will be provided if a candidate receives an offer of employment.

As the Director, Accounts Payable:

Manages Accounts Payable function for Saks OFF 5TH, including:

• Timely and accurate processing of vendor invoices (expense, merchandise)
• Accounts Payable period-end close
• Disbursements and Payment processing (check / wire / electronic)
• Oversee all Saks OFF 5TH Accounts Payable functions including Merchandise, Expense, and T&E.
• Works closely with the External Auditor as part of their quarterly review / annual audit.
• Monitors compliance with all financial and accounting policies, including Delegation of Authority (DoA) at all locations to ensure all payments are properly authorized.
• Institutes and maintains internal control procedures and financial accountability.
• Leads and participates in special projects as required.
• Develops implements and maintains systems, procedures, and policies, including accounts payable functions to ensure adherence to company guidelines.
• Builds productive customer relationships with all the key stakeholders / customers of AP across OFF 5TH to promote and deliver a high level of proactive service to maintain a high degree of customer satisfaction.
• Act as the “face” of the Accounts Payable team and exhibit a high degree of customer service for internal “customers / business partners” across the organization. Acts as the focal point for any performance issues / challenges that are escalated for resolution both within OFF 5TH (e.g., Buyers, Procurement) and external suppliers.
• Monitors the health of the payables function through the creation and monitoring of reports and key performance indicators.
• Responsible for the performance of the geographically distributed AP team, including development, training, and promotion/recruitment/terminations.
• Vendor Relations including AP Help Desk
• Monitor the invoice processing activities, and proactively manage any issues impacting the accuracy or timeliness of vendor payments.
• Ensures that all documentation (process flows, desktop procedures, policies, procedures, control documentation, etc.) is accurate and complete and maintained in accordance with OFF 5TH policy.
• Responsible for overseeing and ensuring the performance standards of the AP services provided by an outsourcing vendor.
• Vendor master file maintenance, including oversight of vendor set up process and ongoing maintenance.

Who You Are:

• Direct experience with annual audits
• Bachelor’s degree, with business or accounting background preferred.
• Demonstrated ability to lead, challenge and positively influence a distributed team, including coaching/staff development and management in a fast-paced and demanding environment.
• Experience in the retail industry, is preferred.
• Five (5) plus years of progressively responsible accounts payable experience in large, complex organizations
• 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.
• Experience working with Workday Financials is preferred.
• Accounting designation preferred, but not required.
• Superior communication skills (written / verbal) including a proven ability to engage with senior executives (both within Finance as well as more broadly within the organization)
• Strong organizational / time management skills
• Understanding of experience with internal controls, financial systems, and processes
• Demonstrated understanding and acceptance for responsibility of confidentiality.
• A minimum of 5 (five) years of management experience with a team of reports, with specific experience managing a team in multiple geographies
• Experience working with a geographically distributed team, including offshore, is preferred.

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Your Life and Career at Saks OFF 5TH:

• Benefits package for all eligible full-time employees (including medical, dental and vision)
• A culture that promotes a flexible work environment
• An amazing employee discount and other exciting perks
• Be part of an empowered, innovative team; work with an adventurous spirit and a customer-centric mindset; play a critical role in making decisions that will position us to win
• Exposure to rewarding career advancement opportunities across different functions within our corporate offices, retail stores, photo studios, and distribution centers

Thank you for your interest with Saks OFF 5TH. We look forward to reviewing your application.

We believe that our differences not only make us stronger, but also guide our evolution and future growth. All associates are expected to create an inclusive environment free from harassment, discrimination, and bullying.Together, we celebrate, advocate for, and learn from our colleagues, customers and communities to create the best environment to shop and work for all.