Director, Merch Finance - Forecasting

8 - 10 years experience  •  Business Services

Salary depends on experience
Posted on 11/22/17
New York, NY
8 - 10 years experience
Business Services
Salary depends on experience
Posted on 11/22/17


The Director of Forecasting will play a critical role in leading forecasting and the expansion of value-added reporting and strategic planning support services for the merchants, merchandise planning and merchant support organizations. This position will report to the VP of Merchandise Finance and have 1 direct report.


  • Lead and supervise forecasting processes across multiple departments in accordance with corporate timelines and policies
    • Manage processes to track and forecast expense spending including: preparation of weekly expense forecast to the Corporate Finance team; monthly accrual and journal entries; budget to actual variance analysis; Board meeting budget explanations
    • Monitor actual expense and research anomalies; work with business partners to ensure appropriate controls are in place to manage all expense spending
  • Lead an enhanced merchandise reporting and strategic planning function and complete follow-up analyses on identified opportunities
    • Develop management reporting that proactively identifies mid-month, month/quarter/year-end performance trends
    • Design frameworks and project plans to support reporting scope and timelines
    • Supervise existing reporting processes to ensure all reports are issued accurately and timely
  • Manage month end close activities in accordance with corporate timeline and policies
    • Ensure all accruals, journal entries and variance analyses are accurate and submitted timely
    • Review supporting documentation for accruals and reclasses for areas of responsibility
  • Complete and supervise ad hoc strategic analyses as required
    • Structure and execute independently various complex analyses to answer questions that arise around merchandising performance and other topics
    • Gather necessary data, summarize insights and prepare clear communication (written and oral) that effectively articulates findings to senior executive leadership
  • Develop a high performing team
    • Recruit, coach and develop the team to maximize performance and value addition to the company while maintaining high morale
    • Provide backup coverage as needed


  • Analysis and judgment
  • Developing Direct Reports
  • Business Acumen
  • Building Effective Teams
  • Planning and Organization
  • Adaptability
  • Drive for Results
  • Interpersonal Skills
  • Process Management
  • Integrity & Trust


  • Bachelor’s degreerequired with demonstrated superior college performance (preferably in an analytical field). CPA or MBA preferred
  • Must have minimum of 7 years post-college experience with demonstrated success at increasing levels of responsibility in analytical roles. Top-tier consulting firm (operations or strategy) or retailexperiencepreferred
  • Strong familiarity with core financial planning and analysis processes including budgeting, forecasting and financial control process design. Must possess a clear understanding of basic financial, statistical and economic concepts
  • Outstanding analytical ability - deal with ambiguity, synthesize complex data, draw business insights and error check own work. Must have a data driven approach to solving problems. Requires very strong quantitative skills, a good sense of how to dissect problems and a strong ability to “connect the dots” – e.g. understand how pieces of data interact with each other or how one finding should inform the result of another analysis
  • Track record of successful team development – managing a team to high levels of performance and developing team members for growth and advancement
  • Excellent communication skills – must be able to clearly communicate results and analysis implications in both verbal and written (PowerPoint) forms
  • Strong organizational skills and project management skills- must have demonstrated ability to implement and manage strong control and reporting processes; must be able to drive a project from inception to implementation within tight timelines
  • A detail oriented approach – must pay very close attention to the details and have the drive to get things right
  • Customer service mindset - must be able to build effective working relationships with internal “clients” around the company
  • Strong fundamental business technical skills – must be Excel and PowerPoint proficient and have an ability to learn new software applications (i.e. Ariba, Hyperion & Peoplesoft Financial Systems)
  • Must be trustworthy with confidential information


Job requires ability to work in an office environment, primarily on a computer.

Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, and working with paper/files, etc.

Consistent timeliness and regular attendance.

Vision requirements: Ability to see information in print and/or electronically.


Senior Financial Analyst


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