Director, Accounting & Reporting

Salary Range $150,000 - $195,000*

Job Description:

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 Director of Accounting and Reporting is responsible for the consolidation of Saks Global’s financial results, the preparation of external financial statements for reporting to shareholders, lenders and other external stakeholders, and ensures the accuracy, completeness and timeliness of consolidated financial reporting in accordance with U.S. GAAP. The role will assist with the research of complex accounting issues and transactions, and is responsible for applying the Company’s accounting policies, internal controls and procedures to ensure the accurate reporting of consolidated financial results in a timely manner.

Role Description

• Lead, develop, and monitor the financial reporting team for Saks Global and affiliated entities
• Lead the consolidation process of Saks Global entities
• Provide guidance and recommendations on complex corporate transactions
• Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and conduct annual performance reviews
• Communicate and collaborate with multiple Accounting teams and business partners to provide support and guidance over various ad hoc issues and requests
• Oversee the preparation and consolidation of global financial statements, ensuring compliance with U.S. GAAP and company policies.
• Lead the quarterly and annual lender and shareholder reporting process, including the preparation of consolidated financial statements and management discussion and analysis (MD&A)
• Develop and implement internal controls to safeguard company assets and ensure the accuracy of financial reporting.
• Coordinate and manage external audits, serving as the primary liaison with auditors and ensuring timely completion.
• Monitor and analyze financial performance, providing actionable insights to senior leadership for strategic decision-making.
• Manage the month-end and year-end close processes, ensuring timely and accurate financial reporting.
• Collaborate with cross-functional teams, including tax, treasury, and operations, to address accounting issues and streamline processes.
• Stay abreast of changes in accounting regulations and standards, ensuring the company remains compliant.
• Lead and mentor a team of accounting professionals, fostering a culture of continuous improvement and professional development.
• Support mergers, acquisitions, and other corporate actions with financial due diligence and integration planning.
• Other ad hoc projects as required

Key Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Certified Public Accountant (CPA) designation.
• Minimum of 10 years of progressive accounting experience, with at least 5 years in a leadership role.
• Extensive knowledge of U.S. GAAP accounting standards.
• Proven experience in financial reporting and financial consolidations.
• Strong leadership and team management skills.
• Excellent communication and interpersonal abilities.
• Ability to multi-task, prioritize deliverables and meet tight deadlines

Preferred Qualifications

• Master’s degree in Accounting, Finance, or Business Administration.
• Experience with SAP S4HANA or similar ERP systems.
• Familiarity with IFRS and international financial reporting.
• Experience in the luxury retail or consumer goods industry.
• Proficiency in advanced Excel and financial modeling.

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.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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.