Accounts Receivable Analyst

Ermenegildo Zegna Holditalia S.p.A; New York (NY); On-site; USD 70,000 - 75,000; Full time

Job summary

A leading luxury menswear brand is seeking an Accounts Receivable Analyst to manage accounts receivable processes for Zegna & Thom Browne. The role involves coordinating bank remittances, resolving AR line items, and performing month-end reconciliations. Ideal candidates should have 3-4 years of AR experience and strong skills in SAP and Excel.

Qualifications

• 3-4 years of related AR experience.
• Familiar with accounts receivable procedures.
• Ability to work in a fast-paced environment.

Responsibilities

• Manage accounts receivable assigned to our factor and non-factored accounts.
• Perform month-end reconciliation of both factored and non-factored AR.
• Generate monthly DSO reporting.

Skills

Detail-oriented

Strong communication skills

Follow-through skills

Strong computer skills

Tools

SAP

AS400

Excel

Word

Job description

Corporate and Staff Functions/Finance & Control

CompanyID (accounts for anonymous companies) 693,176

ABOUT ZEGNA

Following the path traced by the founder Ermenegildo over 110 years ago, ZEGNA is now internationally recognized as a leading global luxury menswear brand. Established as a fabric maker in the mountains of Piedmont, ZEGNA is part of the Ermenegildo Zegna Group, which counts more than 6,000 employees. Managed by Gildo Zegna as Chairman and CEO, Ermenegildo Zegna Group designs, creates, and distributes luxury ready-to-wear and accessories under both the ZEGNA and Thom Browne brands to over 500 stores. The Group also operates TOM FORD FASHION through a long-term license agreement with The Estée Lauder Companies Inc. to over 100 stores. As of 30th September 2023, ZEGNA has 403 stores, of which 242 are directly operated. The brand remains committed to leveraging its rich heritage to build a better present and future.

YOUR OPPORTUNITY

As the Accounts Receivable Analyst for Zegna & Thom Browne, you will manage accounts receivable assigned to our factor as well as several non-factored accounts. Our ideal candidate is familiar with all accounts receivable procedures and can manage daily financial transactions end-to-end.

The Accounts Receivable Analyst will work to improve processes and policies related to accounts receivable, chargebacks, credit, and collections.

This role is based in the New York City Thom Browne office.

HOW YOU WILL CONTRIBUTE

1. Update receivables by coordinating and monitoring bank remittances.
2. Resolve open AR line items.
3. Perform daily upload of Factor AR transactions into SAP.
4. Review & release credit holds.
5. Monitor chargebacks and provide requested documentation to customers to avoid unapproved chargebacks. Prepare and monitor settlement packages.
6. Review, adjust, and log write-offs of receivables to bad debt as warranted.
7. Perform month-end reconciliation of both factored and non-factored AR.
8. Generate monthly DSO reporting.
9. Manage wholesale customer setup, including factor credit approval of accounts.
10. Manage daily wholesale order approvals.
11. Maintain a daily cash position file showing available cash.
12. Ensure proper recording and application of cash, and manage outstanding invoices.
13. Process employee clothing allowances.

WHO YOU ARE

• 3-4 years of related AR experience.
• Strong computer skills, including Word and Excel (Vlookups, Pivot Tables), SAP, AS400.
• Detail-oriented with the ability to work in a fast-paced environment.
• Strong communication and follow-through skills.

COMPENSATION

• The salary range for this position is $70,000-75,000. The actual rate will depend on the candidate's relevant skills and experience.

Locations: United States/NY/New York