Director of Commercial Accounting

Saks Fifth Avenue • Remote_Texas, TX

9d • $151,000 - $196,000

About The Position

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.

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.
• Executive Presence: Ability to synthesize complex GAAP rules and articulate financial narratives confidently to executive officers, auditors and board members.
• Cross-Functional Collaboration: Skilled at building strong relationships across business units and functional support teams.
• Attention to Detail: Uncompromising precision regarding financial data integrity and strict adherence to reporting deadlines.
• Master-level knowledge of Weighted-Average-Cost Accounting for retail operations, landed cost structures, and luxury consignment models.
• Strong broad technical accounting knowledge and experience applying authoritative guidance to complex cross-functional transactions.
• Demonstrated track record of managing multi-channel inventory.
• Deep experience with enterprise-level stock ledger/inventory management, order management and point-of-sale systems.
• Proficiency in enterprise ERPs (e.g., Workday, SAP, Oracle) and specialized financial reporting/consolidation software (e.g., Workiva, OneStream, Hyperion, EPM).
• Proven track record leading digital transformation or finance-system implementation projects.

Nice To Haves

• CPA or MBA is strongly preferred.

Responsibilities

• 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 schedules and executive presentation materials for periodic accounting and disclosure reviews with the CAO, or other executives and stakeholders, as needed.
• Direct month-end, quarter-end, and year-end close processes for inventory and sales reserves, payables reserves and settlements, and other margin impacts.
• Lead the primary external audit relationships for inventory valuation, shrinkage provisions, and obsolescence modeling under US GAAP standards.
• Lead the primary external audit and valuation relationships for borrowing base measurements and reporting, including key interactions with bank agents, auditors, and valuation specialists.
• 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.
• Drive automation across landed-costing calculations for imported merchandise, vendor allowance tracking, cross-banner inventory transfers, and reserve analysis and accounting, among other areas.
• Build, mentor, and lead a high-performing team of inventory and gross margin accountants, analysts, and specialists.
• Foster a culture of analytical rigor, cross-functional partnership, and continuous process improvement.

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)

What This Job Offers

• Job Type: Full-time
• Career Level: Executive