Accounts Receivable Analyst

Location
New York, New York, United States
Posted
17 Aug 2022
Closes
03 Nov 2022
Ref
208652717
Function
Finance
Level
Manager
Hours
Full Time
Why Join Us
The Ermenegildo Zegna Group is one of Italy's most famous family driven enterprises and a world leader in luxury menswear. Founded in 1910, Zegna is deeply grounded in history and craftsmanship, yet always at the forefront of contemporary innovation and style. We are pioneers who embrace change, take ownership of our actions and work to create the world we want. With over 500 points of sale and 7,000 employees worldwide, we're as proud of our people as our products and look for others that share our passion and commitment to excellence and authenticity.

YOUR OPPORTUNITY
As the Accounts Receivable Analyst for Zegna, 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.

Reporting directly to the A/P and A/R Supervisor, you will work to improve processes and policies related to accounts receivable, chargebacks, credit and collections.

MAIN RESPONSIBILITIES
  • Updates receivables by coordinating and monitoring bank remittances.
  • Resolution of open AR line items
  • Daily upload of Factor AR transactions into SAP
  • Review & release credit holds
  • Monitor chargebacks and provide requested documentation to customers in order to avoid unapproved chargebacks. Prepare and monitor settlement packages.
  • Review, adjust and log write-offs of receivables to bad debt as warranted
  • Month end reconciliation of both factored and non-factored AR
  • Monthly DSO reporting
  • Manage wholesale customer setup (i.e. factor credit approval of account)
  • Manage daily wholesale order approvals
  • Maintain daily cash position file showing available cash
  • Proper recording and application of cash, management of outstanding invoices
  • Process employee clothing allowances

SKILLS REQUIRED FOR THE POSITION
  • Minimum two years related experience
  • Detail oriented and ability to work in a fast paced environment
  • Strong communication and follow through skills
  • Strong computer skills; Word and Excel. SAP, AS400

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