Sr Merch Payables Specialist at Target

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Four-year degree or equivalent experience
1+ years of previous accounting or accounts payable experience
Strong interpersonal and communication skills (verbal and written)
Excellent negotiation, organizational and problem solving skills
Experience with Word, Excel, Access knowledge
Strong teamwork and conflict resolution skills

Responsibilities

Reconcile store/DC invoices for prompt and accurate payment
Provide extraordinary customer service to vendors and merchants by researching, resolving, and negotiating disputes relating to deductions from invoice payments
Identify opportunities to improve payment process
Maintain organized correspondence file of incoming, in research, and resolved disputes
Maintain working knowledge of distribution, inventory, purchase order, markdown, unit information, transportation and accounts payable systems
Research all items disputed relating to deduction for shortage, cost differences, markdown allowance reversals, return discrepancies, accounts payable violations, terms/discounts and other miscellaneous vendor issues to establish their validity
Coordinate research with Merchants, Vendor Relations and Transportation to establish validity of deductions
Develop productive partnerships with Merchandising, vendors and other areas of Target
Learn and understand the process and business of customers
Identify invoice and purchase order issues which cause recurring processing problems and disputed deductions, including special focus on Individual Performance Vendors (IPV)
Work with supervisor to challenge status quo to resolve continuing problems, contact responsible parties to correct issues, and follow up to ensure corrections are implemented
Maintain excellent level of verbal and written communication between vendors and other areas of Target
Initiate, coordinate and lead meetings between teams, Merchandising, vendors and/or other areas of Target
Operate in a team structured environment, assist with training, share expertise and information, cover for team members, and participate in developing, implementing and achieving objectives/goals with Team Lead and Supervisor
Coordinate and/or participate in special projects as directed by SME, Analyst or Manager

Skills

Invoice Reconciliation

Accounts Payable

Vendor Relations

Dispute Resolution

Financial Reporting

Purchase Order Management

Inventory Systems

Process Improvement

Negotiation

Distribution Center Operations

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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