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Associate, Fixed Assets
4 weeks ago
Job Description 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 The Associate Fixed Assets and Projects is responsible for managing and maintaining the fixed assets register and supporting capital project accounting. This includes asset capitalization, depreciation, project tracking, reporting, and ensuring compliance with accounting policies and standards. The role also involves close coordination with the procurement, project management, and finance teams to ensure the accuracy of asset-related financial data. We are looking for a detail-oriented and experienced Associate Real Associate Accounting (General Ledger) to join our Finance team. The ideal candidate will play a key role in ensuring the accuracy and integrity of our financial records, leading month-end close activities, and supporting reporting and compliance requirements. This position requires strong analytical skills, accounting knowledge, and the ability to work independently as well as collaboratively in a team environment. What You Will Do Fixed Assets and Projects - Maintain and update the fixed assets register in compliance with internal policies and applicable accounting standards (e.g., IFRS/GAAP). - Process asset additions, transfers, disposals, and impairments. - Review and reconcile fixed asset sub-ledger to general ledger on a regular basis. - Monitor and calculate monthly depreciation and ensure timely posting to the GL. - Track capital expenditure (CapEx) against budgets and approved projects. - Monitor ongoing capital projects for proper classification, cost tracking, and timely capitalization. - Work with project managers to ensure project-related costs are properly accounted for. - Prepare project status and cost reports for finance and leadership teams. - Support project closure processes, ensuring completed projects are capitalized or closed in a timely manner. - Prepare and post journal entries related to fixed assets and project accounting. Real Estate Accounting - Lead and perform day-to-day general ledger accounting activities including journal entries, accruals, prepayments, and account reconciliations. - Oversee and support the month-end, quarter-end, and year-end close processes to ensure timely and accurate financial reporting. - Prepare and review balance sheet and P&L reconciliations in accordance with internal controls and accounting standards (GAAP/IFRS). - Analyze financial data and variances, providing insights and resolving discrepancies as needed. - Support internal and external audits by preparing schedules, reconciliations, and documentation. - Ensure compliance with corporate accounting policies, procedures, and internal controls. You Also Have - Bachelor's degree in accounting, Finance, or a related field. - 1-2+ years of relevant experience in fixed assets accounting, project cost control and general ledger or financial accounting roles. - Strong knowledge of accounting standards (IFRS/GAAP) and internal controls related to fixed assets. - Experience with ERP systems (e.g., SAP, Oracle, NetSuite) and fixed asset modules. - Proficient in MS Excel (Pivot tables, VLOOKUP, data analysis). - Strong communication and organizational skills. - Excellent communication and interpersonal skills. - Experience in multinational or shared services environments. - Exposure to financial reporting tools (e.g., Hyperion, Power BI). What You Will Bring - Understand business needs when data/case becomes complex during the month and right analysis of the same. - Ensure consistency in analyzing the fixed asset, project data and its impact on reconciliation. - Ensure single source of truth in data. - Work collaboratively with other team members and On-Shore. - Simplify and automate processes to increase accuracy and reduce manual modes. Your Life And Career At Saks Global - Opportunity to work in a dynamic fast paced environment at a company experiencing growth and transformation - Exposure to rewarding career advancement opportunities across the largest multi-brand luxury retailer from retail to distribution, to digital or corporate - Comprehensive benefits package for all eligible full-time employees (including medical, vision and dental) Saks.com is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
