Full-Time

Senior Client Payment Specialist

Confirmed live in the last 24 hours

Sotheby’s

Sotheby’s

1,001-5,000 employees

Auction house for fine art

Real Estate
Consumer Goods

Compensation Overview

$60k - $75kAnnually

+ Bonus

Senior

New York, NY, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking

You match the following Sotheby’s's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 4 years of relevant accounting, finance or payment experience required
  • Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or related field preferable
  • Direct line management experience preferable
  • Experience in business process review and project management
  • Superior interpersonal, communication and client service skills
  • High level of attention to detail and good reconciliation skills
  • Structured and practical thinking, with excellent resourcefulness and problem-solving skills
  • Calm demeanor, especially under pressure, with ability to handle difficult client situations and effectively prioritize
  • Demonstrate high organizational skills, as well as creative thinking, capacity to adapt and innovate
  • Comfortable with complexity and ambiguity
  • Highest standard of confidentiality, discretion and work ethic
  • Ability to develop and manage working relationships across business functions globally
  • Understanding of global banking systems and foreign currency payments
Responsibilities
  • Assist department Head to oversee the settlement of client payments and associated processes
  • Work as a team with Client Payment Specialists to manage the sale settlement process for all auction & private sales, and process periodic outgoing payment runs
  • Review client payments from a credit control, audit and compliance perspective
  • Ensure clients are paid promptly and in accordance with any agreed terms
  • Ensure Sotheby’s Corporate Governance, Compliance and AML policies are always adhered to
  • Assist the Head of Client Payments and Treasury department in payment forecasting and cash management
  • Manage foreign currency payment requests and currency purchases via our Global Trading Company
  • Promptly answer and resolve inquiries from clients and internal departments, and oversee department correspondence
  • Handle escalations, work with Client Payment Specialists to investigate, liaise with relevant stakeholders internally or externally (eg. banks) and senior levels of management as required
  • Work with Sotheby’s Financial Services on complex client payment scenarios
  • Complete Ad hoc requests and projects as needed by Head of Client Payments / Cash Operations, such as audit requests
Desired Qualifications
  • Prior experience with SAP is desirable
  • Multi-lingual skills are a plus

Sotheby's operates as a global auction house that focuses on selling fine art, luxury items, and collectibles. The company organizes both live and online auctions, allowing clients to bid on a variety of high-end items, including impressionist and modern art, fine jewels, watches, manuscripts, and iconic photographs. Sotheby's also facilitates private sales, where items are sold directly to buyers, catering to different client preferences. The company generates revenue through commissions on sales and fees for appraisals. What sets Sotheby's apart from its competitors is its expertise in valuing rare items and its ability to provide online estimates for potential sellers. With auctions held in major cities worldwide, Sotheby's aims to create a competitive market for unique items while offering a personalized experience through its private sales.

Company Stage

IPO

Total Funding

$4M

Headquarters

New York City, New York

Founded

1744

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Breuer building enhances brand presence for high-profile auctions.
  • Collaboration with Marriott offers unique luxury auction experiences, attracting high-net-worth clients.
  • Involvement in NFT market positions Sotheby's to capitalize on digital collectibles trend.

What critics are saying

  • Closure of Buy Now eCommerce in China indicates potential market demand issues.
  • Recent layoffs suggest financial strain and challenges in maintaining profitability.
  • Fluctuating NFT market poses risk to Sotheby's digital collectibles revenue streams.

What makes Sotheby’s unique

  • Sotheby's offers both live and online auctions, catering to diverse client preferences.
  • The company provides private sales for clients seeking privacy and exclusivity.
  • Sotheby's expertise in valuing rare items attracts high-end collectors globally.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

Professional Development Budget