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Full Job Description
ABOUT ZEGNA
Following the path traced by the founder Ermenegildo over 110 years ago, ZEGNA is now internationally recognized as a leading global luxury menswear brand. Established as a fabric maker in the mountains of Piedmont, ZEGNA is part of the Ermenegildo Zegna Group, which counts more than 6,000 employees. Managed by Gildo Zegna as Chairman and CEO, Ermenegildo Zegna Group designs, creates, and distributes luxury ready-to-wear and accessories under both the ZEGNA and Thom Browne brands to over 500 stores. The Group also operates TOM FORD FASHION through a long-term license agreement with The Estée Lauder Companies Inc. to over 100 stores. As of 30th September 2023, ZEGNA has 403 stores of which 242 are directly operated. The brand remains committed to leveraging its rich heritage to build a better present and future.
YOUR OPPORTUNITY
As the Accounts Receivable Analyst for Zegna/Thom Browne, 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.
The Accounts Receivable Analyst will work to improve processes and policies related to accounts receivable, chargebacks, credit and collections.
HOW YOU WILL CONTRIBUTE
Following the path traced by the founder Ermenegildo over 110 years ago, ZEGNA is now internationally recognized as a leading global luxury menswear brand. Established as a fabric maker in the mountains of Piedmont, ZEGNA is part of the Ermenegildo Zegna Group, which counts more than 6,000 employees. Managed by Gildo Zegna as Chairman and CEO, Ermenegildo Zegna Group designs, creates, and distributes luxury ready-to-wear and accessories under both the ZEGNA and Thom Browne brands to over 500 stores. The Group also operates TOM FORD FASHION through a long-term license agreement with The Estée Lauder Companies Inc. to over 100 stores. As of 30th September 2023, ZEGNA has 403 stores of which 242 are directly operated. The brand remains committed to leveraging its rich heritage to build a better present and future.
YOUR OPPORTUNITY
As the Accounts Receivable Analyst for Zegna/Thom Browne, 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.
The Accounts Receivable Analyst will work to improve processes and policies related to accounts receivable, chargebacks, credit and collections.
HOW YOU WILL CONTRIBUTE
- 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
- 3-4 years related AR experience
- Strong computer skills; Word and Excel (Vlookups, Pivot Tables), SAP, AS400
- Detail oriented and ability to work in a fast-paced environment
- Strong communication and follow through skills
- The salary range for this position ranges from $75,000-$80,000. The rate of pay offered will be dependent upon candidates’ relevant skills and experience.
Job Information
Job Category:
Accounting
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