Senior Financial Analyst (Purchasing)

Ross Stores, Inc.; Dublin (CA); On-site; USD 90,000 - 125,000; Full time

Job summary

Ross Stores, Inc. is seeking a Senior Financial Analyst to manage a P&L across multiple business areas. You will handle weekly capital and expense tracking, budget and forecast planning, accruals, and monthly/yearly reporting, with high visibility to Directors, VP/SVP and executives.

You will drive the monthly forecasting process, maintain weekly spend, reconcile invoices, support 5-year plans, and assist with ad-hoc analyses and CERs for capital projects, partnering with cross-functional teams.

Qualifications

• Experience with budgeting, forecasting and financial reporting.
• Strong analysis skills and ability to present to executives.
• Experience with ERP systems (Hyperion/PeopleSoft) preferred.
• Ability to coordinate cross-functional finance partners.

Responsibilities

• Drive the monthly forecasting process and detailed executive reporting.
• Maintain weekly spend tracking and variance analysis.
• Reconcile invoices and prepare month-end accruals.
• Administer Hyperion system for budget cycles and validate reports.
• Lead annual budgeting and 5-year plans with executives.
• Plan and support procurement challenges and spend optimization.
• Prepare CERs for capital projects and manage asset write-offs.
• Support ad-hoc requests for executive decks.

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.

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.

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.

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