Trainee, Merchandise Payable

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, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision,  The Art of You,   Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own .  By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail.
Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets.

You Will Be:

As a Trainee – Merchandise Payable, you will support the Accounts Payable team by ensuring the accurate and timely processing of merchandise invoices and assisting in resolving vendor-related queries. This role plays a vital part in maintaining smooth operations between the company and its global network of fashion vendors. Working closely with internal teams such as Merchandising, Buying, and Fulfillment Centers, you will help address invoice discrepancies and build a solid foundation in financial operations within a dynamic retail environment.

What You Will Do:

● Accurately process merchandise invoices in a timely manner to support strong vendor relationships
● Perform three-way matching (PO, goods receipt, invoice) and identify discrepancies, coordinate resolution with internal stakeholders
● Identify vendor trends for invoices processed manually, work with the EDI team to understand vendors set up issue to increase auto match
● Address and resolve vendor inquiries related to payments, invoice status, and
reconciliations via email
● Vendors will be assigned as per the Alpha model, which will help the team members to understand the vendor trends, collaborate with the vendor to resolve inquiries and build a good working relationship
● Collaborate with Merchandising, Finance, and Fulfillment Center teams to resolve escalated issues and prevent recurrence
● Maintain detailed documentation and follow internal controls to ensure compliance with retail accounting standards
● Identify recurring process issues and recommend improvements to enhance efficiency and vendor satisfaction
● Escalate unresolved or high-impact issues to the Assistant Manager while providing full context and documentation

You also have:

● Bachelor’s degree in finance
● Proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, basic formulas)

● Strong analytical and reconciliation skills
● Understanding of retail operations and vendor invoicing processes is a plus
● Interest in the fashion industry and eagerness to grow within the finance function

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Saks.com is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

*The above expected salary range may have some variability based upon factors including, but not limited to, a candidate’s overall experience, qualifications, and geographic location. If you are interested in the role, we encourage you to apply and, if selected to move forward in the interview process, you will have a chance to speak with our recruitment team regarding your specific salary expectations.

This position is approved for INTERNAL hiring only. Please do not share outside of the organization.