Sr Financial Analyst

Michaels; Irving (TX); On-site; USD 85,000 - 125,000; Full time

Job summary

The Michaels Companies, Inc. is seeking a Sr Financial Analyst in Irving, TX to deliver comprehensive financial analysis, budgeting, forecasting, and performance insights. You will build robust models, assess profitability, and provide strategic recommendations to leadership.

You will collaborate with cross-functional teams to drive cost management, financial planning, and business improvements, leveraging tools like SAP, Oracle, Hyperion, and Essbase.

Qualifications

• Minimum 5 years of finance experience in FP&A.
• Strong understanding of financial statements and forecasting.
• Advanced Excel skills and financial modeling are required.
• Excellent communication and ability to present to senior leaders.

Responsibilities

• Develop and maintain financial models for strategic initiatives and new store openings.
• Perform variance analysis and provide actionable insights to leadership.
• Support annual budgeting and rolling forecasts in collaboration with departments.
• Prepare and distribute financial reports for senior leadership.
• Evaluate profitability by product, service and business unit.
• Partner with cross-functional teams to align financial goals and drive improvements.
• Identify cost-saving opportunities and monitor cost management efforts.
• Lead or support special financial projects as required.

Skills

Advanced Excel

Power BI

Financial analysis

Forecasting

Financial reporting

Communication skills

Retail experience

Education

Bachelor’s Degree in Finance/Accounting/Economics

Tools

SAP

Oracle

Hyperion

Essbase

Job description

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 to support strategic initiatives, new store openings, product/category analysis, and promotional 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 rolling forecasts.
• Monitor budget performance and analyze deviations from plan.
• Collaborate with various departments to gather data and ensure accurate forecasting.

Financial Reporting

• Prepare and distribute financial reports for senior leadership and stakeholders.
• Analyze financial results, key performance indicators (KPIs), and variances against plan; provide actionable insights and recommendations. 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

• Partner with cross-functional teams to understand business drivers and align financial goals.
• 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

Preferred Education/Experience

• Bachelor’s Degree in Finance, Accounting, Economics or a related field
• Advanced proficiency in MS Office skills (Work, Excel, PowerPoint, and Access) and financial software (e.g., SAP, Oracle, Hyperion)

Minimum Type of Experience Required

• 5 years of finance experience in an FP&A function
• Strong understanding of financial statements with experience with forecasting and financial reporting
• Advanced excel skills and financial modeling required
• Excellent communication skills with the ability to present complex information clearly and concisely
• Proven experience collaborating with business teams and presenting to senior leadership
• Comfortable working in a fast-paced environment with evolving priorities
• Power BI experience

Other

• Knowledge of Essbase and/or Oracle Financials
• Prior retail experience a plus

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

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 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. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit