Revenue Settlement Analyst

Job Number: 21611

Position Title: Revenue Settlement Analyst

External Description:

The Revenue Settlement Analyst attests to the accuracy and completeness of reported sales and ensures all forms of payment – cash, debit, credit, and alternative payment methods – are received, accounted for, and reconciled with Sales. The accountant is responsible for all brands; domestic and international; online and in-store transactions. The accountant partners with IT, Store Operations, Treasury, Loss Prevention, and Finance to manage the entire sales and payments processes to ensure operations are efficient, thorough, and in-line with the ever-changing business needs. Ensures that all downstream credit, cash, gift card, inventory accounting and general ledger systems are fed appropriately. Identifies and communicates potential sales reporting or related business issues on a timely basis. Supports all phases of the MI9 Merchandise Operations implementation as well as the bank reconciliation tool ReconNET.

This is hybrid position located in our Hingham, MA office.

What You'll Do:

• Research and respond to daily chargeback reports for all credit processors. Issue chargeback reporting to Finance and other KnitWell partners.
• Monitor data in ReconNet, Mi9 Sales Audit, and bank receipts to ensure balanced credit card settlement. Follow up with internal and external contacts to resolve variances in third party transactions. Issue daily receipt forecast to treasury.
• Responsible for the daily, weekly, monthly, and year-end reconciliation and reporting of all sales related information.
• Acting independently, identify, evaluate, communicate, and escalate all potential sales discrepancies to Tampa or the appropriate department. Determine and implement the appropriate corrective action.
• Reconcile Cash/Credit Card payments using Trintech’s ReconNET™. Ensure and report that all tender activity including credit cards, debit cards, gift cards, MCOA, award dividends, coupons, cash, and checks have been processed and reported correctly in the GL and MI9.
• Prepare sales/credit month-end entries to the General Ledger that are necessary and appropriate.
• Identify and escalate any issues that may hinder cash collection/settlement or permit loss. 
• Prepare requested materials for outside audit firms.
• Responsible for knowing and understanding independent procedures, philosophies, and systems for the Talbots brand. This includes Oracle, General Ledger, ReconNET, MI9, MAO and CDS.
• Work with Store Operations and Loss Prevention teams when identifying store training issues to ensure support is provided to mitigate potential shortage risks.
• Assist the department manager with all special projects and systems testing and identify and act upon opportunities for improving methods and procedures.

• DIMENSIONS:
• Responsible for validating sales activity from all channels and brands ranging from $3 - $20 million per day, or more than $1.3 billion annually, from more than 500 locations in the US and CN.
• Responsible for the weekly accounting of $1.5 million in store cash drawer funds
• Ensuring approximately 2,500 sales registers poll accurately and timely daily.

 Internal and External Relationships

• Internal –District Directors, Managers and Supervisors in Finance, Inventory Control, Internal Audit, Cash and Credit, Loss Prevention, Store Administration, Customer Service, Direct Marketing, Marketing, Purchasing and Store Operations.
• External - Outside Auditors, Banks, ReconNET

Who You Are:

• Bachelors degree in business or accounting with minimum 3-5 years job related experience.
• Proven leadership and supervisory skills, excellent attention to detail, basic understanding of accounting principles, excellent PC skills (Excel and Access), strong communication, organization, interpersonal and customer service skills.
• Experience with the reconciliation tool ReconNET
• Associate degree in Business, Accounting, or Finance
• Passion and optimism for the work, business, brands & customers
• Ability to follow up and follow through
• Strong attention to detail
• Full understanding of basic accounting principles (e.g., revenue recognition, expense matching)
• Strong data mining skills (Experience with Excel or Micro Strategy)
• Aptitude to draw a correlation among data points, trouble shoot, and action resolution. April 19, 2024 Version: 1
• Ability to reconcile large volumes of data using Excel and/or third-party reconciliation software (Trintech)
• Flexibility to adapt and work in a fast-paced, structured environment.
• A collaborative approach to working with cross-functional partners to achieve team and business goals.

What We Offer:

• Growth! Here at Talbots our goal is to give you the tools to grow beyond this position and into the next.
• Condensed Work Week! If we have no work obligations, our Life-Work balance approach allows for us to start our weekend at 1pm on Fridays.
• Complete Benefit Package! Our benefits kick off the first day of the month after your start date! Discover more about our full benefits package here. We have competitive time off, including paid time to volunteer within the community.
• Merchandise Discounts! You will be eligible for 50% off Talbots and select Haven Well Within merchandise. You will also be eligible to receive a merchandise discount at select KnitWell Group brands, subject to each brand’s discount policies.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel assigned to this job.

City:

State:

Community / Marketing Title: Revenue Settlement Analyst

Company Profile:

Talbots is a leading omni-channel specialty retailer of women's clothing, shoes and accessories. Established in 1947, the company is known for modern classic style that's both timeless and timely, fine quality craftsmanship and gracious service. At Talbots relationships are the key to our business, we hire individuals who bring new ideas to the table, understand smart risk taking and  can enhance an already thriving culture.  With a commitment to offer modern classic style for every body type, through a  full range of sizes, inclusive to every woman in your life.

EEO Employer Verbiage:

Talbots is an equal opportunity employer and welcomes applications from diverse candidates. Hiring decisions are based upon a candidate's qualifications as they relate to the requirements of the position under consideration and are made without regard to race, sex, national origin, color, age, disability, veteran status, pregnancy, sexual orientation, religion, or any other category protected by applicable law. Talbots is committed to providing reasonable accommodations for job applicants with disabilities. If you require an accommodation to perform the essential duties of the position you are seeking or to participate in the application process please contact recruiting@talbots.com. Talbots will make reasonable accommodations for otherwise qualified applicants or employees, unless such accommodations would impose an undue hardship on the operations of the Company’s business.

PositionType_Description: Full Time

Location_formattedLocationLong: Hingham, Massachusetts US