Financial Analyst
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About this role
Major Activities
Financial Planning and Analysis:
- Assist in the development and maintenance of financial models for budgeting, forecasting, and long-term planning.
- Conduct variance analysis to identify trends, risks, and opportunities.
- Provide support for financial analysis and insights to aid in strategic decision-making.
Budgeting and Forecasting:
- Assist in 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:
- Aid in preparation of monthly, quarterly, and annual financial reports.
- Analyze financial statements and key performance indicators (KPIs).
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.
- Assist in the implementation of cost control initiatives.
- Track and report on the effectiveness of cost management efforts.
Special Projects:
- 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
- Strong 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
- Minimum of 2-4 years of experience in financial analysis, preferably in the retail industry.
- Budgeting and financial planning
- Business partnering
- Excellent analytical, problem-solving, and critical-thinking skills.
- Strong communication and presentation skills.
- Ability to work independently and as part of a team.
- Detail-oriented with a high level of accuracy.
- Power BI
Preferred Education
- Bachelor’s degree in a related field
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 www.michaels.com.
Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com
Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers 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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