Financial Planner

Overview

This hybrid position will be located at our Foot Locker Office in New York, NY. 

Expectations for hybrid in-office schedule is three days a week, typically Tuesday, Wednesday, and Thursday. 

 

Foot Locker, Inc. is hiring three Financial Planners to join our team! This role's main function is to unite the product merchandise vision with the divisional financial strategies to generate sales, profit, and liquidation levels. The translation of the product vision into an actionable plan is key to the role. The Financial Planner is accountable for the development, coordination, and review of planning and inventory management from total company level down to store level, with the objective of improving turnover and gross margin. The Planner plays an important role in facilitating the creation a deeper, more relevant connection to our customers. 

 

The Financial Planner will have a key role in building a customer-specific financial product plan in line with the merchandise strategies and ensuring the constant flow of fresh product to all channels of distribution. One of the key Financial Planner responsibilities is to establish effective working relationships with vendors to strengthen business and support company strategies. Past and predicted vendor and product performance will help the Financial Planner determine departmental strategies for the coming seasons. To be successful in this role, you will need commercial awareness, and excellent analytical and communication skills. 

 

We are looking for Financial Planners acrosss Footwear and Accessories.

Responsibilities

 

Pre/In-season Financial Planning

• Create pre-season department/vendor omnichannel sales, markdowns, receipts, and margin plans that support the merchandise strategy
• Reconcile bottom-up and top-down plans with Director Planning, in line with established financial targets
• Drive the Open to Buy process for the Assortment Planner and Buyer, clearly identifying opportunities whilst managing inventory levels
• Prepare and facilitate Open to Buy meetings
• Analyze initial pricing structures and propose in-season pricing strategies
• Lead weekly product performance review with team and identify key actions
• Build trusting, mutually beneficial relationships with colleagues and vendors
• Attend vendor pre and final lines to align on financial product strategies

Vendor Management

• Develop understanding of vendor trade terms to comply to rules of engagement
• Partner with Director Planning, compile and analyze departmental vendor results and strategies
• Analyze results with vendor partners to identify opportunities and risks
• Partner with Director of Planning and Buyer counterparts to create vendor seasonal forecasts

 

Qualifications

• Bachelor’s Degree in Business Administration / Economics / Supply Chain / Finance / other related fields or equivalent education and experienceMinimum 3 years’ experience
• Experience in a trend driven, high volume company preferred but not required
• Advanced Excel skills are a must
• Experience using planning tools (Marketmax / SAS, SAP, etc.) is preferable
• Experience with constructing financial plans
• Strong analytical and critical thinking skills
• Problem solving and decision-making abilities
• Business mathematical skills required
• Ability to work under pressure and with own initiative
• Sound business / commercial awareness, high concern for effectiveness, entrepreneurial
• Enthusiastic, goal-oriented team player with a desire to join the biggest in the business

At Foot Locker, we value innovation, authenticity, and integrity in all that we do.  To uphold the security and fairness of our hiring process, we ask that candidates refrain from using AI tools, including ChatGPT, during interviews and assessments.  To ensure a smooth and secure experience, please review the following guidelines:

• Cameras must be on for all virtual interviews.
• AI tools are strictly prohibited during interviews or assessments.

We appreciate your understanding and cooperation as we work together to create a transparent and equitable hiring experience.

Benefits

The annual salary range for this role is $75,000 – $90,000 / year. This range represents the anticipated low and high end of the salary for this position. This role is also eligible to receive short term incentives that align with individual and company performance. Salary will be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity, location, and alignment with market data. Salary is one component of the Foot Locker, Inc. total compensation package, which includes the below:

 

Foot Locker Benefits:

• Employee Discount
• Paid Time Off
• Medical | Dental | Vision Coverage
• 401(k) | Roth 401(k)
• Life Insurance
• Flexible Spending Account
• Opportunities for Advancement
• Education Reimbursement for Qualified Courses
• Strong Company Culture
• Employee Resource Groups