Senior Analyst, Consignments

Job not on LinkedIn

🔥 5 minutes ago

🤠 Texas – Remote

🤠 Texas – Remote

💵 $73k - $95k / year

⏰ Full Time

🟠 Senior

🧐 Analyst

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Saks

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1924

🛒 Retail

👗 Fashion

🛍️ eCommerce

Retail • Fashion • eCommerce

Saks is a luxury retail company operating Saks Fifth Avenue, an iconic department store chain providing high-end fashion, beauty, and home decor products. They offer a wide range of designer clothing, accessories, shoes, and beauty products for men, women, and children both online and at physical locations. Saks frequently runs promotions and loyalty programs, such as gift card rewards on purchases and exclusive designer sales.

📋 Description

• Lead the end-to-end consignment accounting process, including revenue recognition, inventory accounting, and vendor settlements, ensuring compliance with GAAP/IFRS and company policies. • Analyze consignment inventory performance, variances, and margin trends, delivering actionable insights to Finance and Merchandising leadership. • Drive month-end close activities for consignment accounts, ensuring timely, accurate journal entries and reconciliations (KPIs: close cycle days, reconciliation accuracy). • Partner cross-functionally with Merchandising, Supply Chain, and Vendor Management teams to ensure alignment on inventory flows, contract terms, and financial impacts. • Build and maintain robust financial models to track consignment profitability, inventory turns, and vendor performance (KPIs: inventory turnover, gross margin %). • Evaluate and strengthen internal controls around consignment processes, minimizing risk and ensuring audit readiness (KPIs: audit findings, control effectiveness). • Create reporting dashboards and executive summaries that translate complex financial data into clear business insights for decision-makers. • Improve systems and processes by identifying automation opportunities and implementing scalable solutions within ERP and reporting tools. • Support external and internal audits by preparing documentation, responding to inquiries, and ensuring full transparency of consignment accounting practices. • Mentor junior analysts and contribute to a culture of continuous improvement and financial excellence within the corporate finance team.

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, or related field • 4–6+ years of progressive experience in corporate finance, accounting, or retail finance • Strong knowledge of inventory accounting and revenue recognition principles • Experience with ERP systems (e.g., SAP, Oracle, NetSuite) and advanced Excel skills • Proven ability to manage multiple priorities and meet tight deadlines in a fast-paced environment • Strong analytical, problem-solving, and communication skills

🏖️ Benefits

• medical insurance • dental insurance • vision insurance • 401(k) retirement plan • basic life insurance • supplemental life insurance • disability insurance • a variety of additional voluntary benefits (such as critical illness, hospital and accident insurance)