Head of Merchandise Financial Planning
4 weeks ago
Giant Tiger is hiring a Head of Merchandise Financial Planning Reporting to the CFO, the Head of Merchandise Financial Planning will be responsible to oversee the development of strategic merchandise financial plans that support Giant Tiger’s long-term strategy. The incumbent will lead a team of Merchandise Financial Planning Managers and Merchandise Financial Planners. This role is hybrid out of our Ottawa Home Office. It is preferred that the incumbent is located in the Ottawa area or willing to commute or relocate.
Recognized as an Employer of Choice in Ottawa, Giant Tiger’s Home Office provides a dynamic work environment with many opportunities for a fulfilling career. We are a Canadian owned and operated retailer (and proud of it), with a strong commitment to the community, and over 60 years of success. If you are looking for a challenging and stimulating career, Giant Tiger may be right for you. We believe in opportunities for growth & development, teamwork, and engagement.
Giant Tiger Offers:
- Giant Tiger Store Discount
- Short and Long-Term Bonus Plan
- Health/Dental/Vision benefits
- Bursary program for children of eligible employees
- LinkedIn Learning Subscription
- Employee tuition reimbursement program
- Onsite Parking
- 24/7 access to onsite gym
- Full-Service Cafeteria
Leads the Merchandise Financial Planning team in the execution of financial strategies, with the collaboration of the merchant team, to optimize in-year sales, gross margin ($ and %) and inventory levels by reviewing actual results to plan and last year while considering macro-economic trends. Reviews and updates planning KPIs yearly to increase profitability.
Partners with Finance, GMMs and Executives on the development of long term merchandise financial plans and KPIs that support Giant Tiger's strategy.
Leads and facilitates the Weekly Action Review meetings to highlight risks and opportunities in our financial merchandising plans and ensures actions are taken to mitigate risks or drive incremental profits.
Improves Giant Tiger's sales and margin forecasting accuracy to 95% by developing a bottom up and thorough cross functional forecasting process between Merchants, Planners, Replenishment, Store Operations and Finance.
Oversees the continuous improvement of Giant Tiger's markdown strategy, including the e-markdown tool, planner and store added markdowns, to optimize sales and margin.
Store planning alignment
Inventory Planning, seasonal inventory exit strategies
Recommend and execute the optimal organizational structure for the Merchandise Financial Planning team.
Occasional travel is required.
Head of Merchandise Financial Planning, Candidate Requirements:MBA degree or equivalent advanced degree in Finance, Business Administration, or related field
8-10 years related experience in the retail industry, preferably with a national retailer
5-7 years of people management experience
Extensive knowledge of retail Merchandise Financial Planning process and metrics
Ability to develop and execute 2-5 year strategic plan
Strong analytical skills with the ability to see future opportunities, challenge the status quo, make recommendations and problem solve
Strong ability to communicate effectively, interact and build relationships across all levels of the organization and with key partners
Strong ability to present information in an effective and concise manner to diverse audience and forums
Strong management skills (coaching, development and training skills) that build effective teams through the organization for succession
Advanced Microsoft Excel skills and strong knowledge of Microsoft Office suite of products
Assets:Experience with business intelligence software
Experience working in a large, multi-site national retailer
Experience working with franchise model
Bilingual (English/French)
Giant Tiger Universal Accountabilities for Heads Of:Holding direct reports accountable for being good Managers
Hearing appeals by DRoRs (Direct Reports-once-Removed)
Mentoring your DRoRs
Developing the talent pool in your area
Determining cross-functional relationships between DRoRs
Vetoing the appointment of an unacceptable DroR
Internal Applicants: Please apply by the application deadline of Friday, May 10, 2024.
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