The Manager of Financial Planning and Analysis is responsible for leading analysts embedded within a functional area or total company. Monthly duties include variance analytics, and forecasting, standard and ad hoc reporting. On an annual basis, the Manager and related team are responsible for preparing key elements of the functional areaâs annual budget. A highly visible role, the Manager will have the opportunity to work and partner with senior leadership regularly to align financial plans with merchandising initiatives and strategy. The Manager will also play a key role in leading the financial management of clearance related business including strategies around pricing, inventory, and store operations, leading to direct impacts in the P&L and balance sheet. The Manager will also be responsible for leading the vision of Finance, with focus on Innovation and adopting tools and techniques that simplify analysis and streamline our ability to serve the business.
The Role You’ll Play:
Budgeting & Forecasting
- Oversee preparation and execution of planning targets through specific budgeting details for functional area supported. *Serves as a liaison with business leaders and assists in the development of detailed budgets.
- Partner with key business leaders to understand and forecast variance drivers to budget, communicate financial trends and subsequent forecast risks and opportunities *Support the financial closing process including weekly flash earnings estimates.
Reporting/Monthly Close
- Thorough knowledge and understanding of business processes & financial systems.
- Applies knowledge to develop or re-engineer systems & business processes to increase efficiency or support emerging business initiatives or transactions.
- Leverage systems and business knowledge to review and provide accurate and timely reporting and financial results to Management and the Board of Directors.
- Develop and summarize reporting in support of financial close cycle and quarterly earnings releases.
Financial Analysis
- Work with complex, driver-based, flexible financial models to provide scenario and what-if analytics .
- Provides guidance and strategically delegates work assignments based upon capacity & nature of work.
- Reviews work in progress for assignments prepared by direct reports & other assignments based upon materiality & degree of judgment & estimation.
- Leverages financial analytics to present analysis, conclusions and recommendations to Executive Management.
- Facilitates issue resolution/dealing with ambiguity.
Coaching & Developing
- Lead a team of Finance associates (including Sr. FAs, FA, Project Accountants, Financial Trainees and Interns)
- Review Executive-level deliverables for completeness, accuracy, and summary/analysis of results/conclusions
- Promote cross functional training opportunities and documentation of standardized policy and practice.
Qualifications
- Bachelor’s Degree in Finance, Accounting or related business field
- Seven to ten years of experience
- High level MS Excel capabilities and experience with Enterprise Data Reporting Systems (preferably Microstrategy & Intera) and Hyperion
- MBA/CPA a plus
- Retail experience a plus
- Ability to successfully lead a team in a fast-paced and deadline oriented environment
- Self-motived with critical attention to detail and deadlines
- Strong collaborative skills and ability to work within a team
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