LVMH - Sales Audit & Cash Accountant

Job description

Company : Fashion Group US
Business group : Fashion & Leather Goods
This job has two main objectives:
- To manage sales audit and cash application function on a daily basis for 4 companies acting; this objective requires good communication skills, great rigor, and organization.
- To handle monthly cash and tender reconciliations as well as calculation of related month end accruals of the same companies. This objective requires strong work paper organization skills as well as autonomy and pro-activity in meeting the Maison's deadlines.
Context
- LVMH Fashion Group consists of 5 companies operating in the luxury fashion industry, both through retail and wholesale distribution
- Finance team of 13
- IT environment: AX Dynamics & Atlas for accounting; Syrus for Group Financial reporting (headquarters in Paris, Spain, and Italy); Retail Pro, Cubi, and Cegid for point of sale and inventory
Main responsibilities
Sales Audit
- Monitor retail stores tender reconciliation
- Review credit card receipts and allocate payments by tender type.
- Monitor daily payment discrepancies and work with stores to fix sales errors.
- Credit card chargeback monitoring, resolution, and communication to stores
- Prepare online store reconciliation.
Month End Close
- Review credit card fees for all brands and prepare accrual for month end close.
- Prepare cash reconciliations for retail stores and main accounts.
- Calculate in transit credit card receivables month end
- Monthly sales reconciliation of our LDS concessions
Internal Controls and Audits:
- Validate sales figures used in the computation of retail commissions.
- Train retail team on controls/policies and issue relevant KPI reports.
- Audit and control Family sale 'sales invoices'
AR
- Cash Application:
- Execution and verification of manual/automatic daily customer payments entries
- Check daily for all wires and lockbox deposits for all brands.
- Record all payments in the AR cash spreadsheets (useful in bank reconciliation)
- Make sure all credit card transactions are processed and posted timely
- Key offs for all brands, including chargeback GL key offs for Celine, Givenchy, Loewe, and Kenzo
AR
- Customer Master Data:
- Create new customers in AX, notifying sales and AR
- Update existing customers in AX with any changes (credit limits, address, terms, etc.)
Others
- Assess levels of internal controls on self-related processes
- Escalate concerns to Accounting Supervisor and Controller, and propose alternative processes.

Desired profile

Experience required : Minimum 2 years
- Bachelor's Degree in Accounting required ; good knowledge of accounting GAAPs expected
- 5 years of experience, preferably in retail corporations or auditing firms
- Proficiency with Microsoft Excel
- Knowledge of AX Dynamics is a plus