RETAIL FINANCE MANAGER
Primary Location
: United States-Virginia-Virginia Beach
Organization
: NEXCOMHQ
Pay Range
: $75,218- $95,474k based on experience
Job Summary: Responsible for developing and implementing financial plans, including sales inventory and profit. Accountable for monitoring sales and profit results and providing recommendations to achieve financial goals.
Duties and Responsibilities:
- Develops the retail merchandise fiscal financial budget goals and procedures, working closely with buyers and inventory planners.
- Applies knowledge of merchandise planning and analysis to perform monthly financial reviews. Identifies trends, potential growth opportunities, and areas of concern; develops and monitors action plans for the merchandising departments and the e-commerce web store.
- Manages the financial planning process for their responsibilities within the Merchandise division.
- Responsible for developing, implementing, and overseeing the order approval and open-to-buy process relating to sales and inventory for their retail merchandise categories.
- Works with the Director of Merchandise Financial Planning and the Director; of Business Insights to maintain the integrity of the merchandise financial planning systems. Researches and identifies opportunities for enhancements.
- Works with the Director of Business Insights to develop analytical tools to identify and manage business trends and needs.
- Develops, implements, and performs analysis of special projects. Plans, prepares, controls, and completes management projects and related correspondence related to the merchandising financial planning tools.
- Prepares communication to the field relative to sales, inventory, and gross profit analysis.
- Responsible for supervision and training of their direct reports, Financial Planners, and schedules work; prepares performance reviews; selects, approves, and/or recommends associate hiring/promotions and other personnel actions.
- Works under the supervision of the Director of Merchandising Financial Planning, who establishes deadlines and indicates the scope of responsibility. Incumbent receives minimum supervision, carries out the mission independently, and exercises initiative and judgment in resolving problems and executing assignments. Carries out duties by established methods, procedures, and guidelines.
- Carries out a policy of courtesy and service. Recognizing the importance of attention required in a retailing and service organization, he exercises tact, good manners, and courtesy when working with fellow associates and external customers.
- Tactfully responds to inquiries and assists in a prompt, friendly, and professional manner.
Performs other related duties as assigned.
The incumbent of this position must file a Financial Disclosure Report (OGE) Form 450, as required.
A total of 7 years of experience consisting of the following:
GENERAL EXPERIENCE: 3 years of experience gained in administrative, professional, or other responsible work that enabled the applicant to gain knowledge of retail merchandising and procurement practices; demonstrated skill in dealing with others in a business environment; and the ability to analyze problems and recommend practical solutions using sound judgment.
OR SUBSTITUTION OF EDUCATION FOR EXPERIENCE: 1 year of academic study above the high school level may be substituted for 9 months of experience, up to a maximum of a 4 years bachelor's degree for 3 years of general experience.
AND SPECIALIZED EXPERIENCE: 4 years of experience in the following: procurement practices, methods, and procedures; Developing and managing an open-to-buy system; developing seasonal financial plans; Preparation of inventory projections; monitoring and maintenance of sales, inventory levels, and stock turns; review and analysis of sales, inventory, and profit trends; database/spreadsheet software applications; supervisory responsibility of human resources, etc.
Job
: Merchandising Systems
Schedule
: Full-Time (35 + hours)
Unposting Date
: Jun 2, 2023, 10:59:00 PM