Position Overview
The Payments Strategy Analyst is responsible for the reconciliation and reporting of certain accounts receivable activity in the U.S. and Canada, including analyses of credit card fees. They will participate in monthly closes by completing assigned journal entries, account reconciliations and financial reporting. They are responsible for the verification of third-party credit card transmission and settlement in the U.S. and Canada. They will post cash receipts timely and accurately to the appropriate accounts. They will also research and resolve credit card discrepancies and customer service issues.
Location: This is an in-person position, requiring attendance four days a week at our office in Whippany, NJ.
Key Accountabilities
- Perform daily verification that all credit card transactions processed through Point-of-Sale and order entry systems were transmitted for settlement and received by third party processors. Reconciliation and posting of incoming cash receipts and checks timely and accurately (i.e. Third-Party Credit Cards, Customer Wires, Business / Retail Lockbox, Intl. Trade, etc.). Research and resolve any out-of-balances including credit card discrepancies and lockbox exceptions.
- Participate in monthly, quarterly, and annual financial closes by completing assigned journal entries and reconciliations timely and accurately and prepare miscellaneous billings. Responsible for preparation of Financial Review schedules relating to DSO and Payment Tenders.
- Responsible for review and reconciliation of A/R activities and assigned balance sheet accounts in the US and Canada, including but not limited to incoming wires, sales/tender balancing, Pin Debit, private label credit card, etc. Use judgment to research/resolve out of balance and customer service issues.
- Prepare monthly reporting and analyses of credit card fees, US card fee accrual, US card fee allocation, and sales mix analysis.
Required Qualifications
- Bachelor’s Degree in Accounting / Finance Related Discipline
- 2-4 Years of Job-Related Experience
- Strong Written / Verbal Communication Skills
- Ability to Multi-Task Under Tight Deadlines
- Proficient in Microsoft Office Applications, Especially Excel
- Ability to Work a Flexible Work Schedule During Monthly and Year-End Closes
Preferred Qualifications
- Knowledge of JD Edwards System
The hiring range for this position ranges from $63,000-$86,000. The rate of pay offered will be dependent upon candidates' relevant skills and experience.
Top Skills
What We Do
In 1837 Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. Since then TIFFANY & CO. has become synonymous with elegance, innovative design, fine craftsmanship and creative excellence. During the 20th century fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn. Today, with more than 13,000 employees, TIFFANY & CO. and its subsidiaries design, manufacture and market jewelry, watches and luxury accessories – including more than 5,000 skilled artisans who cut diamonds and craft jewelry in the Company’s workshops, realizing its commitment to superlative quality. The Company operates more than 300 TIFFANY & CO. retail stores worldwide as part of its omni-channel approach. To learn more about TIFFANY & CO. as well as its commitment to sustainability, please visit tiffany.com.
