- Location
- Irving-Irving Corporate Office-3939 West John Carpenter Freeway, United States of America
- Type
- Full-time
- Department
- Finance
- Source
- Workday
Description
Major Activities
Financial Planning and Analysis:
- Develop and maintain financial models to support strategic initiatives, new store openings, product/category analysis, and promotional planning.
- Conduct variance analysis to identify trends, risks, and opportunities.
- Provide detailed financial analysis and insights to support strategic decision-making.
Budgeting and Forecasting:
- Support the preparation of annual budgets and rolling forecasts.
- Monitor budget performance and analyze deviations from plan.
- Collaborate with various departments to gather data and ensure accurate forecasting.
Financial Reporting:
- Prepare and distribute financial reports for senior leadership and stakeholders.
- Analyze financial results, key performance indicators (KPIs), and variances against plan; provide actionable insights and recommendations. Develop and distribute management reports to support business operations.
Performance Analysis:
- Evaluate financial performance by comparing and analyzing actual results with plans and forecasts.
- Conduct profitability analysis of products, services, and business units.
- Identify and communicate financial trends and potential issues.
Business Partnering:
- Partner with cross-functional teams to understand business drivers and align financial goals.
- Participate in cross-functional projects to drive business improvements.
- Provide financial insights and recommendations to enhance business performance.
Cost Management:
- Analyze and monitor cost structures to identify cost-saving opportunities.
- Support the implementation of cost control initiatives.
- Track and report on the effectiveness of cost management efforts.
Special Projects:
- Lead or support special financial projects and initiatives as required.
- Provide ad-hoc financial analysis and support to various stakeholders.
Other duties as assigned
Preferred Education/Experience
- Bachelor’s Degree in Finance, Accounting, Economics or a related field
- Advanced proficiency in MS Office skills (Work, Excel, PowerPoint, and Access) and financial software (e.g., SAP, Oracle, Hyperion)
Minimum Type of Experience Required
- 5 years of finance experience in an FP&A function
- Strong understanding of financial statements with experience with forecasting and financial reporting
- Advanced excel skills and financial modeling required
- Excellent communication skills with the ability to present complex information clearly and concisely
- Proven experience collaborating with business teams and presenting to senior leadership
- Comfortable working in a fast-paced environment with evolving priorities
- Power BI experience
Other
- Knowledge of Essbase and/or Oracle Financials
- Prior retail experience a plus
Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.
Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com
Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.
Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).
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