Financial Analyst

Support Center - IrvingThe Financial Analyst at Michaels is responsible for supporting the financial planning, analysis, and reporting functions of the organization. This role involves preparing financial reports, conducting variance analysis, and assisting in budgeting and forecasting processes to help the company achieve its financial objectives. 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.comandMichaels.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 Michaels offers a range of benefits to support team members and their families. 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 various voluntary insurance options employee discounts 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). EEOC Know Your Rights Poster in English EEOC Know Your Rights Poster in Spanish EEOC Poster Optimized for Screen Readers Federal FMLA Poster Federal EPPAC Poster #J-18808-Ljbffr Michaels