Trainee, Merchandise Payable

3 days ago

Bengaluru Karnataka, India Saks Full time

**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
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
**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)

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