The Sr Financial Analyst at Michaels is responsible for providing comprehensive financial analysis, reporting, and strategic insights to support business decisions and drive financial performance.
Requirements
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Lead or support special financial projects and initiatives as required.
- Provide ad-hoc financial analysis and support to various stakeholders.
Benefits
- Health insurance (medical, dental, and vision)
- Paid time off
- Tuition assistance
- Generous employee discounts
- Much more
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