- Hugo Boss
- City, United States
- Closing date
- 2 Jul 2023
- Director / President / C Suite
At HUGO BOSS, you have the opportunity to contribute your personality, ideas and creativity - because only when we break new ground together can we create something unique. Become part of our team of more than 14.000 employees worldwide and shape your future at HUGO BOSS!
Reporting to the Senior Vice President of Finance and Accounting, the Director of Accounting will be responsible for directing and managing the HUGO BOSS USA and CANADA Accounting, Account Receivable and Accounts Payable operations based in New York.
The Director of Accounting will manage accounting records, manage month-end closing process and reconciliation of balance sheet to ensure all postings and financial performances are accurately represented at all times, manage internal & external audit process, develop best-in-class accounting practices, produce financial reports, set timelines, provide variance analysis of financial statements to last projection and last year results, and various ad hoc projects. In this role, you will beresponsible for building a strong sustainable Accounting Team to ensure all accounting tasks are done on a timely and accurate manner.
The Director of Accounting is responsible the A/P team to ensure all invoices are processed and paid on a timely manner. In this role, you will beresponsible for the A/R Team to improve DSO and minimize chargebacks & bad debts. In addition, they will work closely with the Financial Planning and Analysis Department, whose main responsibilities are building annual budgets, quarterly forecasts, financial analysis & reporting and business supports.
What you can expect:
- Build and develop strong Accounting, A/R, A/P Teams to ensure our Accounting responsibilities are handled in an accurate and timely manner and to better support our business teams. Responsible for training and improving quality of performance for Accounting, A/R and A/P Teams. Responsible for training Accounting Teams to be good business partners. Responsible for efficient and accuracy system optimization for all Accounting Operations tasks.
- Ensure accounting responsibilities are clearly assigned with ownership to each team member and ensure each team member perform their assigned tasks on an accurate and timely manner.
- Ensure Workpapers for every Balance Sheet Accounts are prepared accurately on a monthly basis in excel with one workpaper per balance sheet g/l. Responsible for monthly Workpapers by G/L reporting to SVP.
- Ensure all balance sheet accounts are analyzed and reconciled on a monthly basis and ensure there are no hidden risks in our balance sheet accounts.
- Ensure balance sheet clearing are done on an accurate and timely manner.
- Ensure Lease Accounting responsibilities (reconciliations & reporting) and rent payments are done in an accurate and timely manner (i.e. monthly reconciliation of landlord statements). Proactive and timely resolution of rent discrepancies with landlords as well as with Legal and Real Estate teams. Timely support to Real Estate and Legal Teams with rent related information, reporting and analysis.
- Ensure invoices are processed and paid by A/P Team in an accurate and timely manner (pay before due dates, avoid duplicate payments). Review A/P Aging reports, status of A/P MailBox / invoices to park / invoices out for coding and approval to ensure all invoices are processed and paid on a timely manner. Responsible to develop efficient system optimization for A/P process.
- Manage A/P team to minimize chargebacks, bad debts and improve DSO.
- Collaborate with key business partners to develop scalable reconciliation system(s) and process that will provide complete, timely, and accurate reporting of all revenue and related transactions.
- Develop and maintain strong and collaborative working relationships with key business leaders to ensure ongoing and constant communication in understanding business updates and to provide revenue recognition compliant solutions for new initiatives.
- Develop key policies and/guidelines around existing and future processes that will allow for transparency, efficiency, and scalability with a focus on controls.
- Partner with key business leaders to develop various controls around data management, systems, and reporting requirements.
- Lead, grow, and develop existing team to support Accounting specific requirements as well as the overall strategic initiatives of the company.
- Liaise with internal and external auditors to manage various audit requirements.
- Manage all accounting operations responsibilities.
- Manage month-end close process including variance analysis of expenses and gross margin reconciliation and ensure timely closing as well as accurate postings.
- Manage Accounting team during close process to ensure proper accruals are made.
- Manage Accounting team to ensure all balance sheet g/ls are full reconciled and backed up with work-papers to ensure there are no hidden risks in the balance sheet.
- Develop best in class accounting practices to ensure prepaid and accruals are correctly done on a timely manner.
- Manage all AR responsibilities and relates analysis to target to improve DSO. i.e. summarizing and analyzing Sales Allowances as they compare to last forecast and last year.
- Manage all AP responsibilities to ensure timing and accurate posting of all invoices as well as develop efficient control process to avoid duplicate payments.
- Build and deliver month end narrative to executive management on month/quarter, year to date results.
- Assist FP&A Dept in preparing annual budget and quarterly forecasts, based on variance analysis results for the month and quarter end closes.
- B.S. Degree in Finance / Accounting
- CPA license preferred
- SAP experience a Must
- Minimum of 10 years progressive financial and accounting experience
- Minimum of 4 years leading revenue teams and dealing with various revenue systems
- Experience with and strong understanding of US GAAP preferred
- Retail Apparel experience a plus
- Highly positive and collaborative individual that excels at developing working relationships, building consensus and fostering trust and collaboration at all levels
- Demonstrated ability to lead, develop and grow existing team as well as work to develop/maintain strong cross-functional relationships
- Minimum of 5 years of Management experience
- Excellent verbal and written communication skills
- Excellent attention to detail
HUGO BOSS offers a comprehensive benefits package which includes:
- Hybrid Working Model
- Flexible Commuting
- Flexible Fridays & Summer Fridays
- Paid Parental Leave for FT employees
- 21 paid days off (pro-rated based on first year of employment) plus your Birthday off
- Generous Employee Discount Program
- Medical, Dental, Vision Benefits with Health Saving Account (HSA) option
- SHIP (Share Investment Program)
- Offers eligible employees the opportunity to become a co-owner and acquire shares in HUGO BOSS AG at special SHIP conditions.
- 401(K) with company match
- Flex Spending Account (FSA)
- Commuter Benefits (Pre-tax)
- Voluntary Benefits and Critical Illness
- Company sponsored Life and Disability benefits
- Employee Assistance Program (EAP)
- Discounts for auto/home/pet insurance
The expected base salary range for this position is from $171,429 - $180,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered.
We are a global company with our employees representative of the world at large. Our inclusive culture embraces each person's authenticity and individuality. We are committed to equal employment opportunity. And we believe our equitable work environment helps unleash your full potential and inspires you to thrive.
HUGO BOSS is one of the leading companies in the upper premium segment of the global apparel market with some 14,000 employees around the world. Diversity is what shapes our company and makes us strong. People from a wide range of different nationalities put their knowledge, skills and experience to work for HUGO BOSS. This ensures an impressive variety of ideas and solutions. What unites us is our passion for our products and pride in our work.
Our vision is to be the most desirable premium fashion & lifestyle brand, and therefore we put our customers at the heart of everything we do.
In order to address customers clearly and consistently, we offer two brands: BOSS and HUGO. While they are clearly distinguishable from each other in terms of their individual attributes and target customer, both brands embody our values of quality and fit, innovation and sustainability.
If you are looking for an exciting opportunity to advance your career as an expert or executive and are passionate about the fashion and lifestyle industry, you’ve come to the right place. Take the next step and find the perfect job for you.
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