New York, New York, US
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Manager, Vendor Collections (Remote)

Country : USA USA

State : New York

Town : New York

Category : Marketing

Contract type : Permanent

Availability : Full time

Company presentation

Macy's is proudly America's Department Store. For more than 160 years, Macy's has served generations at every stage of their lives. Customers come to us for fashion, value and celebration. Our Finance team is responsible for maximizing profitability and delivering shareholder value at Macy's.
Do you want to guide the financial future of an iconic brand? As part of Macy's Finance, you'll work with every part of the business to maintain and strengthen our financial position. We're funding constant innovation and evaluating the business impact, developing and managing financial plans, forecasting, and managing multi-year budgets. Sounds like fun, right? If you want to work for a company that's focused on providing you the best experience with a continued focus on your growth and development - join Macy's Finance!

Job description

Job Overview:

The Vendor Collections Manager oversees the collection of advertising co-op from merchant groups and the issuance of invoices and collection of payments for the Macy's Media Network. Additional responsibilities include completing the month-end closing process for these areas, fulfilling audit requests, communicating and enforcing compliance with control and accounting policies, and addressing payment delinquencies. The position reports to the Senior Director of Marketing Finance.

Essential Functions:

  • Lead the day-to-day invoicing and accounts receivables responsibilities associated with our Marketing and Media Network groups.
  • Oversee the collection of Advertising co-op from Macy's merchant teams while ensuring payments follow accounting requirements.
  • Collaborate with Macy's Media Network billing operations to prepare and issue invoices and resolve problems.
  • Forecast and plan co-op budgets
  • Fulfill internal and external audit requirements including performance testing, EITF and SOX monitoring.
  • Complete monthly financial closing including preparation of GL entries and account reconciliations.
  • Provide training support for merchants on proper procedures for handling Advertising co-op.
  • Resolve vendor inquiries and disputes related to Advertising co-op and Macy's Media Network invoices.
  • Monitor aged accruals and take action to address delinquencies; develop strategies to proactively minimize late payments.
  • Produce monthly and seasonal performance reports and other ad hoc analysis as required.
  • Assist in defining requirements and proposing solutions for future billing operations systems, accounts receivables policies and processes


Qualifications and Competencies:
  • Bachelor's degree required, preferably in Business Administration, Accounting or Finance.

  • 5-7 years of experience in accounts receivables operations.

  • Excellent written and verbal communication skills. Ability to read, write, and interpret instructional documents such as reports and procedure manuals.

  • Must have above average mathematical skills, including the ability to compute rates, ratios, and percentages, and the ability to work with mathematical concepts such as probability and statistical inference. Knowledge of basic accounting principles.

  • Ability to deal with ambiguity to carry out a process under minimal guidance

  • This position involves extended periods of sitting and the extensive use of computer and the office equipment. May involve stooping, kneeling, or crouching. Involves close vision, color vision, depth perception, and focus adjustment.

  • Proficiency in MS Office and ERP systems (Quickbooks a plus), Oracle General Ledger.

  • Must be assertive and a team player.

  • Proven organizational skills and flawless attention to detail - precision is a must

  • Ability to balance multiple priorities.

  • Flexibility to execute, adapt, prioritize and multitask

  • Ability to work a flexible schedule based on department needs.

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