Saks Global
Director of Commercial Accounting
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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
- Oversee all accounting policies and operational execution related to inventory valuation, sales and margin reserves, and cost of goods sold (COGS).
- Serve as a strategic finance partner to Merchandising and Supply Chain leaders, providing actionable insight into gross margins, markdown impacts, and inventory aging.
- Design and maintain financial accounting frameworks for complex sales structures: consignment models, brand partner margin splits, concessions, and product licensing arrangements.
- Ensure all margin and inventory reporting strictly adheres to US GAAP standards, applicable debt compliance standards and requirements, and applicable deadlines.
- Prepare reference
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