Director of Commercial Accounting
Salary Range $151,000 - $196,000* Job Description:
WHO WE ARE:
Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue , Neiman Marcus, Bergdorf Goodman and Saks OFF 5TH. Powered by our talented colleagues, we are redefining luxury shopping by offering each customer a personalized experience across our store network and e-commerce platforms. Through strong partnerships with the world’s most esteemed brands, cutting-edge technology and the industry’s most comprehensive luxury customer data, Saks Global is shaping the future of retail.
YOU WILL BE:
We are seeking a strategic, commercially minded Director of Commercial Accounting to lead our commercial accounting team. In this executive leadership role, you will define and execute the accounting strategy for our inventory portfolio, including owned product, consignment, leased shop-in-shops, and dropship arrangements, from end-to-end.
You will act as the crucial link between Finance, Merchandising, Supply Chain, and Store Operations, establishing robust internal controls, and providing timely executive-level analysis and insights on margin and inventory to protect profitability and liquidity across our omnichannel luxury retail portfolio.
WHAT YOU WILL DO:
Strategic Inventory Leadership & Margin Optimization
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Oversee all accounting policies and operational execution related to inventory valuation, sales and margin reserves, and cost of goods sold (COGS).
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Serve as a strategic finance partner to Merchandising and Supply Chain leaders, providing actionable insight into gross margins, markdown impacts, and inventory aging.
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Design and maintain financial accounting frameworks for complex sales structures: consignment models, brand partner margin splits, concessions, and product licensing arrangements.
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Ensure all margin and inventory reporting strictly adheres to US GAAP standards, applicable debt compliance standards and requirements, and applicable deadlines.
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Prepare reference schedules and executive presentation materials for periodic accounting and disclosure reviews with the CAO, or other executives and stakeholders, as needed.
Financial Governance, Audit & Internal Controls
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Direct month-end, quarter-end, and year-end close processes for inventory and sales reserves, payables reserves and settlements, and other margin impacts.
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Lead the primary external audit relationships for inventory valuation, shrinkage provisions, and obsolescence modeling under US GAAP standards.
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Lead the primary external audit and valuation relationships for borrowing base measurements and reporting, including key interactions with bank agents, auditors, and valuation specialists.
Enterprise Systems & Process Transformation
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Lead commercial and finance participation in technology and systems initiatives impacting inventory, sales, and margin, including to upgrade ERP modules, inventory management systems (IMS), order management systems (OMS), and point-of-sale (POS) integrations, among others.
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Drive automation across landed-costing calculations for imported merchandise, vendor allowance tracking, cross-banner inventory transfers, and reserve analysis and accounting, among other areas.
Team Leadership & Talent Development
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Build, mentor, and lead a high-performing team of inventory and gross margin accountants, analysts, and specialists.
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Foster a culture of analytical rigor, cross-functional partnership, and continuous process improvement.
WHAT YOU WILL BRING:
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Education & Credentials: Bachelor’s degree in Accounting or Finance required; CPA or MBA is strongly preferred.
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Experience : 8–12+ years of progressive accounting and finance leadership experience, with a minimum of 4–5 years in a managerial or director role within retail or consumer goods preferred.
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Soft Skills & Core Competencies:
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Executive Presence: Ability to synthesize complex GAAP rules