Sr Financial Analyst

Support Center

• Irving

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. This role involves detailed financial modeling, budgeting, forecasting, and performance analysis to help the organization achieve its financial goals.

Major Activities

Financial Planning and Analysis:

• Develop and maintain financial models for budgeting, forecasting, and long-term planning.

• Conduct variance analysis to identify trends, risks, and opportunities.

• Provide detailed financial analysis and insights to support strategic decision-making.

Budgeting and Forecasting:

• Support the preparation of annual budgets and periodic forecasts.

• Monitor budget performance and analyze deviations from plan.

• Collaborate with various departments to gather data and ensure accurate forecasting.

Financial Reporting:

• Prepare monthly, quarterly, and annual financial reports for senior management.

• Analyze financial statements and key performance indicators (KPIs).

• Develop and distribute management reports to support business operations.

Performance Analysis:

• 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.

Business Partnering:

• Work closely with business unit leaders to understand their financial needs and provide support.

• Participate in cross-functional projects to drive business improvements.

• Provide financial insights and recommendations to enhance business performance.

Cost Management:

• 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.

Special Projects:

• Lead or support special financial projects and initiatives as required.

• Provide ad-hoc financial analysis and support to various stakeholders.

Other duties as assigned

Minimum Education

• Bachelor's Degree in a related field, or equivalent experience

Minimum Special Certifications or Technical Skills

• Advanced proficiency in MS Office skills (Work, Excel, PowerPoint, and Access) and financial software (e.g., SAP, Oracle, Hyperion).

Minimum Type of Experience the Job Requires

• 5+ years of finance experience

• Fluent in financial statement analysis with experience in forecasting and financial reporting

• Excellent spreadsheet skills required along with strong financial and data management acumen

• Excellent oral and written communication skills.

• Business partnering

• Ability to work independently and in a group environment.

• Must be business minded, with a desire to drive business performance and financial results.

• Strong proficiency in financial modeling, forecasting, and analysis.

• Excellent analytical, problem-solving, and critical-thinking skills.

Preferred Education

• Bachelor's degree in a related field

Preferred Special Certifications or Technical Skills

• Knowledge of Essbase and/or Oracle Financials

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

To review a comprehensive list of benefits, please visit Michaels Benefits (MIKBenefits.com)

CO, CT, WA and RI only

• To review pay ranges for the position you are applying for, please visit Michaels Pay Ranges

• CO, CT, WA and RI. (MIKBenefits.com)

For 50 years, Michaels has been the best place for all things creative. We strive to inspire our customers, cultivate confident leaders, and serve our communities by fostering an inclusive environment for everyone to learn, shop, and create. At Michaels, everyone has a seat at our craft table and every Team Member is encouraged to hone their craft with opportunities for personal and professional growth. From our Stores and Distribution Centers to Artistree and our Support Center, our best-in-class team is committed to delivering on our purpose to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,290 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and MakerPlace by Michaels, a dedicated handmade goods marketplace.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all Makers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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