Senior Financial Analyst (Purchasing)

Ross Stores; Dublin (CA); Hybrid; USD 81,000 - 122,000; Full time

Job summary

Ross Stores is seeking a Senior Financial Analyst in Dublin, CA to own a cross-functional P&L across multiple business areas. You will lead weekly and monthly forecasting, drive budgeting cycles, and partner with Directors and VPs for executive-ready reports.

You will manage expense and capital planning, perform ad-hoc analyses, and support procurement challenges with a focus on accuracy and timely delivery. Office presence is expected in this role.

Qualifications

• 3-5 years of financial/operational planning and forecasting experience
• Strong ability to produce high-level financial summaries/decks for executives
• Proficient in Excel (VLOOKUP, pivot tables) and able to learn new systems
• Strategic planning and budgeting experience
• Strong communication and time-management under tight deadlines

Responsibilities

• Forecasting process: aggregate and report expense and capital forecasts for stores and corporate partners for senior executives
• Track weekly spend; provide explanations, analyses, and variances to budget/forecast; prepare detailed reports
• Prepare and reconcile weekly/monthly/quarterly/year-end forecasts and AP accruals
• Administer Hyperion setup for budget cycles; validate reports against PeopleSoft
• Lead annual budgeting for expenses and capital; collaborate with management and finance partners
• Develop and track 5-year plans for expense and capex
• Analyze procurement challenges related to spend management and efficiency opportunities
• Handle ad-hoc requests and support decks for executive communication
• Submit CERs for capital projects and manage quarterly asset write-offs

Skills

Forecasting

Excel

Financial analysis

Budgeting

Communication

Strategic planning

Attention to detail

Multitasking

Retail finance

Education

Bachelor's degree in finance/analytical field

Tools

PeopleSoft

Hyperion

MicroStrategy

Coupa

Ariba

K2

Job description

Our values start with our people, join a team that values you!

Bring your talents to Ross, our leading off-price retail chain with over 2,200 stores, and a strong track record of success and growth. Our focus has always been bringing our customers a constant stream of high-quality brands and on-trend merchandise at extraordinary savings. All while providing a fun and exciting treasure hunt experience.

As part of our team, you will experience:

• Success. Our winning team pursues excellence while learning and evolving
• Career growth. We develop industry leading talent because Ross grows when our people grow
• Teamwork. We work together to solve the hard problems and find the right solution
• Our commitment to Diversity, Equality & Inclusion, and our community. We celebrate the backgrounds, identities, and ideas of those who work and shop with us because our differences make us stronger. We strive to be a positive force in our community.

Our Corporate headquarters are in Dublin, CA, we have 3 buying offices in key markets in New York City, Los Angeles, and Boston, and 8 distribution centers nationwide. With 2023 revenues of $20.4 billion, we are a Fortune 500 company who is committed to providing an inclusive work environment with continuous learning opportunities and development for our teams.

GENERAL PURPOSE

The Sr. Financial Analyst will be responsible for a P&L that spans across several key areas of the business. This role includes weekly capital and expense tracking, reporting, budget and forecast planning, monthly/yearly accruals, accounts payable reconciliation, 5-year planning and ad-hoc analyses. This role is also responsible for aggregating and reporting expense and capital expenditures for the Corporate Purchasing team. The Sr. Financial Analyst will report into Corporate Purchasing, with high visibility and engagement with Directors, VP/SVP. This position will have frequent opportunities to interact and present to multiple suppliers, internal stakeholders, and executive management.

ESSENTIAL FUNCTIONS

• Drive the monthly forecasting process to aggregate and understand the expense and capital forecasts for stores and corporate partners and prepare detailed reporting for senior executive audiences.
• Maintain and track weekly spend across the organization, with clear financial explanations, analysis, and insight for variances to budget and forecast. Prepare and submit detailed weekly, monthly, quarterly and year-end financial reports. Run and analyze inventory reports, including analysis of spend performance for a senior executive audience.
• Prepare and review weekly, monthly financial forecast changes. Reconcile invoices, prepare AP uploads and accruals for month-end close.
• Administration of the Hyperion system setup for each budget cycle, perform monthly validations to ensure financial reports match PeopleSoft ERP.
• Lead the annual budgeting process for expense and capital budgets – work closely with management and senior executives, along with cross-functional finance partners.
• Develop and track 5-Year Plans for both expense and capital expenditures.
• Plan, analyze and support complex procurement challenges – in areas specific to spend management, spend optimization, cost reduction, and efficiency opportunities.
• Perform timely ad-hoc requests and provide inputs to decks and presentations for senior executive communication.
• Prepare and submit Capital Expenditure Requests (CERs) for capital projects and manage quarterly asset write-offs.

COMPETENCIES

• Building Effective Teams
• Developing Talent
• Collaboration
• Leading by Example
• Communicates Effectively
• Ensures Accountability & Execution
• Manages Conflict
• Business Acumen
• Plans, Aligns & Prioritizes
• Organizational Agility
• Drives Results
• Analysis & Judgment
• Adaptability
• Problem Solving

QUALIFICATIONS & SPECIAL SKILLS REQUIRED

• 3-5 years of prior work experience in financial or operations planning & forecasting highly desirable, ideally with a Retail or Supply Chain background, and least 5-6 years of total relevant work experience.
• Demonstrated ability to independently produce comprehensive high-level financial summaries/decks appropriate for a senior level executive audience.
• Strong financial and business acumen – must be able to synthesize data, error check, and reconcile own work and design analyses to present to leadership.
• Proficient in Excel (VLOOKUP’s, pivot tables, ability to use formulas to link spreadsheets to extract info needed) as well as ability to learn new business process software applications (PeopleSoft, Hyperion, MicroStrategy, Coupa, Ariba, K2).
• Strong analytical skills – accuracy, timeliness, and attention to detail.
• Strategic planning experience: ability to apply that thinking to the 5-year budget planning process.
• Ability to multi-task, prioritize, work independently, and consistently meet tight deadlines with high level of accuracy in a fast-paced retail environment.
• Strong oral and written communication skills, ability to effectively interact and communicate inside and outside of the Department.

EDUCATION / CERTIFICATIONS

• Bachelor’s degree required from an accredited university (preferably in an analytical/finance field).

PHYSICAL REQUIREMENTS

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

SUPERVISORY RESPONSIBILITIES

None

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.

Ross is an equal employment opportunity employer. We consider individuals for employment or promotion according to their skills, abilities and experience. We believe that it is an essential part of the Company's overall commitment to attract, hire and develop a strong, talented and diverse workforce. Ross is committed to complying with all applicable laws prohibiting discrimination based on race, color, religious creed, age, national origin, ancestry, physical, mental or developmental disability, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), veteran status, military status, marital or registered domestic partnership status, medical condition (including cancer or genetic characteristics), genetic information, gender, gender identity, gender expression, sexual orientation, as well as any other category protected by federal, state or local laws.

The base pay range for this role $81,000.00 to $121,800.00. The base pay 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.