Associate MERCHANDISE FINANCIAL PLANNER

Title: Associate MERCHANDISE FINANCIAL PLANNER Location: United States-Virginia-Virginia Beach Job Number: 260000SU Note 1: This is a Grade/Salary Code progression position. Selectee may advance non-competitively to the next higher level (Merchandise Financial Planner, NF4B) upon successful completion of qualification requirements. Job Summary: Assist higher level Merchandise Financial Planner with the development and implementation of financial plans including sales, inventory and profit. Assists with monitoring sales and profit results and may provide recommendations to achieve financial goals. Duties and Responsibilities: Performs the following in the capacity of an assistant. Develops the retail merchandise fiscal financial budget goals and procedures working closely with buyers and inventory planners. Applies knowledge of merchandise planning and analysis to perform monthly financial reviews. Identifies trends, potential growth opportunities and areas of concern; develops and monitors action plans for the merchandising departments and the ecommerce web store. Manages the financial planning process for their areas of responsibilities within the Merchandise division. Responsible for the development, implementation and oversight of the order approval and open to buy process relating to sales and inventory for their retail merchandise categories. Develops, implements, and performs analysis of special projects. Plans, prepares, controls, and completes management projects and related correspondence as it relates to the merchandising financial planning tools. Prepares communication to the field relative to sales, inventory, and gross profit analysis. Responsible for supervision and training of their direct reports, Financial Planners and schedules work; prepares performance reviews; selects, approves, and/or recommends associate hiring/promotions and other personnel actions. Works under the supervision of Senior Merchandising Financial Planner who establishes deadlines and indicates scope of responsibility. Incumbent receives minimum supervision and carries out mission with a high degree of independence and exercises initiative and judgment in resolving problems and executing assignments. Carries out duties in accordance with established methods, procedures and guidelines. Carries out policy of courtesy and service. Recognizing the importance of attention required in a retailing and service organization, exercises tact, good manners and courtesy when working with fellow associates and external customers. Tactfully responds to inquiries and provides assistance in prompt, friendly, and professional manner. Performs other duties as assigned. Incumbent may progress non-competitively to a Merchandise Financial Planner position, NF-04 (SC 4B) upon the completion of qualification requirements and training within a 2-year timeframe; advancement is not permitted with less than 1 year in current position. The incumbent of this position must file a Financial Disclosure Report (OGE) Form 450, as required. Qualifications: A Total of 5 years of experience consisting of the following : GENERAL EXPERIENCE: 3 years of experience in administrative professional or other responsible work that enabled the applicant to gain knowledge of retail merchandising and procurement practices demonstrated skill in dealing with others in a business environment and the ability to analyze problems and recommend practical solutions using sound judgment. OR SUBSTITUTION OF EDUCATION FOR EXPERIENCE: 1 year of academic study above the high school level may be substituted for 9 months of experience up to a maximum of a 4 years bachelors degree for 3 years of general experience. AND SPECIALIZED EXPERIENCE: 2 years of experience in the following Procurement practices methods and procedures Developing and managing an open to buy system Developing seasonal financial plans Preparation of inventory projections Monitoring and maintenance of sales inventory levels and stock turns Review and analysis of sales inventory and profit trends Database spreadsheet software applications Supervisory responsibility of human resources etc. Job: Planning