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Job Details

Sr. Manager, Strategy & Financial Planning

  • Location
  • TORONTO, ON, Canada
  • Job Opened
  • September 8, 2022
  • Job Number
  • 220004MK
  • Remote
  • Hybrid
  • Banner
  • The Bay
  • Team
  • Marketing
  • Job Type
  • Full-Time

Description

Day In The Life

The Sr. Manager, Strategy & Financial Planning, Essentials will play a critical role in the launch of a new business providing everyday goods to customers. This individual will play an integral part in executing the Essentials strategy to deliver its P&L, including providing financial information to make key decisions to drive financial performance and long-term strategy of the Essentials business. This individual will also act as lead for high priority strategic initiatives for the business unit. The ideal candidate will have previous experience in highly analytical finance and strategy roles. The candidate will have a strong strategic orientation, excellent communication skills, and superior analytical skills. They will also need to be a strong collaborator and influencer with all levels of the organization, including executives. This individual thrives in a fast-paced environment, is detail oriented and brings an entrepreneurial work style. This role reports directly to the Chief Business Officer, Essentials

What You Will Do:

  • Business unit financial planning and analysis deliverables, including period end reports, forecasts, and budget submissions. Updates the monthly sales and gross profit forecast and reviews it with Finance

  •  All operational finance initiatives, working with Merchandising, Marketing, and Replenishment teams to hit financial targets

  • Performing financial analysis that identifies and evaluates opportunities to enhance sales & profit for the Essentials business

  •  Providing insights and recommendations for decisions, through hypotheses, research, facilitated discussion and data analysis

  • Communicating Essentials financial, strategic, and business results to core team, leadership team, and Executive Team as required

  • Reviews advertising and marketing plans. Participates in reviewing advertising effectiveness analysis. Work with marketing team on promotions/event forecasts and profitability

  • Key liaison between Essentials and the Finance team. Provides insight into financial forecasts of the business unit data and reporting.

  • Acts as strategy and planning lead for cross-functional projects such as launch of store,
    geographical expansion of next day delivery, shipping threshold changes 

  • Forecasts and tracks success of newly implemented projects/initiatives, opportunity areas and potential liabilities.

  • Additional responsibilities as required

 

What You Will Need:

  • Bachelor’s Degree Required in Finance or Commerce

  • 5-7 years of experience in strategy consulting or finance

  •  Strong business and financial analysis skills; ability to think critically in order to drive business decisions with the use of data and analytics

  • Highly collaborative, partnering cross-functionally to drive strong analysis and influence business
    outcomes

  • Strong retail math acumen, including elements of markup, margin planning, inventory productivity measures (WOS, Turn, GMROI), master's understanding of budget frames

  • Strong communication and presentation skills; extensive exposure to senior management

  • Demonstrated managerial and leadership skills

  • Ability to influence decision making across multiple levels and functions of an organization to drive results

  • Strong planning and organizational skills with a sense of priority for deadlines and attention to detail

  • Adaptability to change and comfort with new, ad hoc analysis

  • Goal oriented: ability to stay focused on creating winning results

  • Experience with eCommerce retail a strong nice to have

What You Can Expect:

  • A People-first culture where One Team spirit and Diversity, Equity, and Inclusion are celebrated and promoted at every step of the way

  • An opportunity to work with highly supportive teams to help you build the career you want and leave your Stripe at The Bay

  • A competitive benefits package including unlimited paid vacation, medical, dental, vision, parental leave top up coverages, retirement savings and more

  • A ways of Working Program that enables you to work where you are most effective

  • A living Well Program that provides a variety of offerings and resources to enhance your physical, mental, and financial wellness, including corporate gym membership rates.

  • An amazing associate discount of up to 40% off top brands

 

About The Bay:

As Canada’s oldest startup, The Bay is a digital-first, purpose-led retailer. Our mission is to help Canadians live their best style of life.

The Bay is on a high-growth trajectory to become one of the largest digital retail businesses in Canada through TheBay.com and its Marketplace. If you are looking to join an iconic brand, create impactful change and be recognized for your work, we want you to join our team.

At The Bay, smart, high-performing team members will challenge you to learn and grow every day. We value ambitious work and great ideas grounded in data and insights. We are looking for talented people who love a fast-paced environment, embrace change and are looking to make an impact with groundbreaking ideas.

We are a digital-first company and brand for a diverse world and we need a diverse team to reach our potential.  Come and join a winning team that supports collaboration and demonstrates innovation, energy, creativity and vision every day.

 

Interested in Social Media?

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NOTE: Only applications submitted online will be accepted.

The Bay welcomes all applicants for this position; however only those selected for an interview will be contacted.

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Thank you for your interest In The Bay. We look forward to reviewing your application.

The Bay provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, HBC complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

The Bay welcomes all applicants for this position. Should you be individually selected to participate in an assessment or selection process, accommodations are available upon request in relation to the materials or processes to be used.