Director of Commercial Accounting

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🤠 Texas – Remote

🤠 Texas – Remote

💵 $151k - $196k / year

⏰ Full Time

🔴 Lead

🧾 Accounting Manager

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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

• Define and execute the accounting strategy for the inventory portfolio, including owned product, consignment, leased shop-in-shops, and dropship arrangements • Oversee accounting policies and operational execution for inventory valuation, sales and margin reserves, and cost of goods sold • Provide strategic finance partnership to Merchandising and Supply Chain leaders on gross margins, markdown impacts, and inventory aging • Design and maintain accounting frameworks for consignment models, brand partner margin splits, concessions, and product licensing arrangements • Ensure margin and inventory reporting adheres to US GAAP, debt compliance requirements, and applicable deadlines • Prepare reference schedules and executive presentation materials for accounting and disclosure reviews • Direct month-end, quarter-end, and year-end close processes for inventory and sales reserves, payables reserves and settlements, and other margin impacts • Lead external audit relationships for inventory valuation, shrinkage provisions, obsolescence modeling, borrowing base measurements, and reporting • Manage interactions with bank agents, auditors, and valuation specialists • Lead commercial and finance participation in technology and systems initiatives affecting inventory, sales, and margin • Drive automation across landed-costing calculations, vendor allowance tracking, cross-banner inventory transfers, reserve analysis, and accounting • Build, mentor, and lead a high-performing team of inventory and gross margin accountants, analysts, and specialists • Foster analytical rigor, cross-functional partnership, and continuous process improvement

🎯 Requirements

• Bachelor’s degree in Accounting or Finance required • 8–12+ years of progressive accounting and finance leadership experience • Minimum of 4–5 years in a managerial or director role within retail or consumer goods preferred • CPA or MBA strongly preferred • Ability to synthesize complex GAAP rules and articulate financial narratives to executives, auditors, and board members • Skilled at building relationships across business units and functional support teams • Precision regarding financial data integrity and adherence to reporting deadlines • Master-level knowledge of Weighted-Average-Cost Accounting for retail operations, landed cost structures, and luxury consignment models • Strong technical accounting knowledge and experience applying authoritative guidance to complex cross-functional transactions • Demonstrated experience managing multi-channel inventory • Deep experience with enterprise-level stock ledger/inventory management, order management, and point-of-sale systems • Proficiency in enterprise ERPs such as Workday, SAP, or Oracle • Proficiency in financial reporting/consolidation software such as Workiva, OneStream, Hyperion, or EPM • Proven track record leading digital transformation or finance-system implementation projects

🏖️ Benefits

• Opportunity to work in a dynamic fast paced environment at a company experiencing growth and transformation • Exposure to rewarding career advancement opportunities across the largest multi-brand luxury retailer from retail to distribution, to digital or corporate • Comprehensive benefits package for all eligible full-time employees (including medical, vision and dental) • An amazing employee discount • Medical insurance • Dental insurance • Vision insurance • 401(k) retirement plan • Basic life insurance • Supplemental life insurance • Disability insurance • Additional voluntary benefits such as critical illness, hospital and accident insurance • Reasonable accommodations for applicants with disabilities