Ross Stores

Senior Financial Analyst, Inventory Control

Ross Stores$96K — $146K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance or Accounting; MBA is a plus
  • At least 5 years of relevant analytical experience
  • Experience in retail and inventory preferred
  • Strong analytical and data synthesis skills
  • Proficient in Excel, Word, and various financial software like MicroStrategy and Hyperion
  • Effective communication skills for interaction at all organizational levels

Responsibilities

  • Update and enhance the weekly In-Store inventory model
  • Prepare Merchant Margin to Gross Margin variance analysis monthly
  • Conduct complex ad-hoc analysis on inventory-related metrics
  • Collaborate with business partners to improve operational metrics accuracy
  • Evaluate internal reporting processes for improvements
  • Lead system projects and testing in financial reporting

Benefits

  • Hybrid work arrangement with in-office collaboration
  • Opportunities for professional development and mentorship
  • Engagement with senior management and executive analysis
  • Cross-functional collaboration with various business units
  • Access to advanced software and analytical tools
Full Job Description
GENERAL PURPOSE:
The Inventory Control Sr. Financial Analyst will be responsible for providing detailed analysis of complex inventory related results, models and ad-hoc inquiries. The Inventory Control Sr. Financial Analyst will report to the Senior Manager, Inventory Control and will be responsible for developing, enhancing, and managing new and current (i.e., In-Store) models, quarterly Board analysis, and completing a wide range of ad hoc analyses for Executives and other business partners.

The base salary range for this role is $96,700 - $146,050. The base salary range is dependent on factors including, but not limited to, experience, skills, qualifications, relevant education, certifications, seniority, and location. The range listed is just one component of the total compensation package for employees. Other rewards vary by position and location.

ESSENTIAL FUNCTIONS:
• Lead the updating and enhancing of the weekly In-Store inventory model. Work closely with business partners to solicit inputs including sales, allocation metrics, DC production, etc. Provide impact analysis on in-store inventory and other key metrics due to the weekly results and forecast changes.
• Prepare monthly Merchant Margin to Gross Margin variance analysis. Prepare quarterly Gross Margin and Inventory Board variance analysis identifying business drivers for variances.
• Perform complex ad-hoc analysis on key inventory metrics (inventory, markdowns, sales) based on business needs or management requests. Clearly articulate the results and business impacts to all levels of management.
• Collaborate with business partners (i.e., Store & DC Ops) to drive understanding and/or improvement in operational metrics that correlate to improved data integrity.
• Evaluate internal reporting and make recommendations regarding improvements in timeliness, efficiency, and accuracy of existing reporting procedures.
• Lead system projects, modifications, enhancements, and implementations including requirements documentation and testing.

COMPETENCIES:
People
• Building Effective Teams (for managers of People and Projects)
• Developing Talent (for managers of people only, N/A for this role/level)
• Collaboration
Self
• Leading by Example
• Communicates Effectively
• Ensures Accountability and Execution
• Manages Conflict
Business
• Business Acumen
• Plans, Aligns and Prioritizes
• Organizational Agility
With particular emphasis on the following specific position-related competencies:
• Analysis and decision making
• Problem Solving
• Technical Skills
• Results Driven

QUALIFICATIONS AND SPECIAL SKILLS REQUIRED:
• Bachelor's degree, preferably in Finance or Accounting; MBA a plus
• Minimum 5 years of related experience in an analytical role
• Retail and inventory experience a plus
• Strong analytical ability - must be able to synthesize data, be able to error check and reconcile own work and be able to design analysis to answer specific questions
• Strong Excel and Word skills, as well as ability to learn multiple back-end software applications (i.e. MicroStrategy, Hyperion, Peoplesoft Financial Systems)
• Ability to interact with all levels within the organization and handle matters professionally
• Excellent oral and written communication and interpersonal skills.

PHYSICAL REQUIREMENTS/ADA:
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.
This role requires regular in-office presence, including to engage in in-person team interaction, meetings and collaboration, client support, mentoring, coaching, and/or feedback. However, this role can perform duties effectively using a combination of in-office and remote work.

#LI- Hybrid

SUPERVISORY RESPONSIBILITIES:
N/A

DISCLAIMER
This job description is a summary of the primary duties and responsibilities of the job and position. It is not intended to be a comprehensive or all-inclusive listing of duties and responsibilities. Contents are subject to change at management's discretion.

About Ross Stores

Ross Stores, Inc. is an off-price apparel and home fashion chain in the United States. The Company operates two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross offers designer apparel, accessories, footwear, and home fashions for the entire family at everyday savings of 20% to 60% off department and specialty store regular prices. Its merchandise offerings also include, but are not limited to, small furniture and furniture accents, educational toys and games, luggage, gourmet food and cookware, watches, and sporting goods. As of February 1, 2014, it operated 130 dd’s DISCOUNTS stores in 10 states that features brand apparel, accessories, footwear, and home fashions for the entire family at everyday savings of 20% to 70% off moderate department and discount store regular prices. At February 1, 2014, it operated a total of 1,276 stores, of which 1,146 were Ross locations in 33 states, the District of Columbia and Guam.

Ross Stores Careers

There has never been a more exciting time to explore job opportunities at Ross Stores, a leader in the off-price retail industry. Join our vibrant team today and be part of a company that prides itself on growth, innovation, and a commitment to diversity and leadership. Work You’ll Do At Ross Stores, you’ll engage in meaningful work that directly contributes to the company’s success. As part of our dynamic team, you will help deliver unbeatable bargains to our customers, ensuring they enjoy a high-quality shopping experience. Ross isn’t just about retail; it’s about delivering cost-effective solutions that resonate with savvy shoppers. Transform your career with opportunities in various departments, from in-store leadership positions to corporate roles that support our nationwide operations. At Ross, your career is in your hands, with ample opportunities for professional growth and advancement. Lead with Us Step into a role that challenges you to leverage your skills and leadership abilities. At Ross Stores, we empower our employees to take charge of their career paths with comprehensive training programs and development opportunities that foster innovation and leadership skills. Work with a Diverse and Inclusive Team Join a company where diversity and inclusion are embedded in the culture. At Ross Stores, we celebrate diverse backgrounds and perspectives, which contribute to our rich culture of inclusivity and innovative thinking. Our team’s collaboration is the key to our success, allowing us to remain competitive in a fast-paced industry. Introducing Ross Stores Employment Benefits We offer a competitive benefits package that addresses health, family, and financial needs, helping you secure your future while maintaining a healthy work-life balance. Our benefits are designed to support you at different stages of your life and career. Do Innovative Work Be part of a team that’s dedicated to reinvention and innovation. At Ross Stores, you’ll work on projects that challenge the status quo and contribute to the company’s growth and efficiency. Our commitment to innovation is what makes Ross a thrilling place to develop your career. Be Part of a Great Team At Ross, you’re not just an employee; you’re part of a nationwide family. Our supportive environment and team-oriented culture foster networking and friendships that last a lifetime. Here, every team member is valued, and every role is crucial to our success. Future-Proof Your Career With Ross Stores, the sky's the limit when it comes to where your ambition can take you. We support our team members with unmatched training, development programs, and leadership opportunities designed to propel your career forward. Explore Job Opportunities and Internships Whether you’re starting your career or looking for a change, Ross offers a range of positions and internship opportunities that can help you make your mark in the retail industry. From part-time jobs to full-time careers, Ross is hiring passionate, curious, and driven individuals. Stay Connected Join Our Team Search open positions that match your skills and interests. We look for professional, creative, and solution-driven team players. Start your journey with Ross Stores today and discover how your contributions can make a direct impact. Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Explore the exciting and rewarding career opportunities that await at Ross Stores.
Learn more about Ross Stores
Size
100,000 employees
Market Cap
$39 billion
Industry
Net Income
$85.3 million
Founded
1957
5 Year Trend
+8%
Revenue
$12.5 billion
NASDAQ

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