United States Navy

posted about 2 months ago

Full-time - Entry Level
National Security and International Affairs

About the position

The Associate Retail Finance Analyst / Retail Finance Analyst position at Navy Exchange is designed to assist higher-level Merchandise Financial Planners in developing and implementing comprehensive financial plans that encompass sales, inventory, and profit management. The incumbent will play a crucial role in monitoring sales and profit results, providing valuable recommendations to achieve financial goals. This position offers a pathway for career advancement to a Merchandise Financial Planner role, contingent upon meeting qualification requirements and completing necessary training within a two-year timeframe. However, advancement is not permitted with less than one year in the current position. In this role, the analyst will be responsible for developing retail merchandise fiscal financial budget goals and procedures, collaborating closely with buyers and inventory planners. The position requires applying knowledge of merchandise planning and analysis to conduct monthly financial reviews, identifying trends, potential growth opportunities, and areas of concern. The analyst will develop and monitor action plans for merchandising departments and the e-commerce web store, ensuring that financial objectives are met. The analyst will manage the financial planning process for their designated areas within the Merchandise division, overseeing the order approval and open-to-buy processes related to sales and inventory for retail merchandise categories. Additionally, the role involves developing, implementing, and analyzing special projects, as well as preparing communications related to sales, inventory, and gross profit analysis for the field. Supervisory responsibilities include training and overseeing direct reports, preparing performance reviews, and participating in personnel actions such as hiring and promotions. The analyst will work under the supervision of a Senior Merchandising Financial Planner, who will set deadlines and define the scope of responsibilities. The incumbent is expected to carry out duties independently, exercising initiative and judgment in problem-solving and executing assignments while adhering to established methods and guidelines. A commitment to courtesy and service is essential, as the analyst will interact with fellow associates and external customers, requiring tact and professionalism in all communications.

Responsibilities

  • Develop retail merchandise fiscal financial budget goals and procedures, working closely with buyers and inventory planners.
  • Apply knowledge of merchandise planning and analysis to perform monthly financial reviews, identifying trends and potential growth opportunities.
  • Manage the financial planning process for designated areas within the Merchandise division.
  • Oversee the order approval and open-to-buy process relating to sales and inventory for retail merchandise categories.
  • Develop, implement, and analyze special projects related to merchandising financial planning tools.
  • Prepare communications to the field regarding sales, inventory, and gross profit analysis.
  • Supervise and train direct reports, including Financial Planners, and manage their work schedules.
  • Prepare performance reviews and participate in hiring and promotion decisions.

Requirements

  • 3 years of general experience in administrative, professional, or responsible work related to retail merchandising and procurement practices.
  • 2 years of specialized experience in procurement practices, developing and managing an open-to-buy system, and preparing inventory projections.
  • Proficiency in database and spreadsheet software applications.
  • Demonstrated ability to analyze problems and recommend practical solutions using sound judgment.

Nice-to-haves

  • Experience in e-commerce financial planning and analysis.
  • Knowledge of retail merchandising trends and best practices.

Benefits

  • Full-time permanent position with opportunities for advancement.
  • Training and development programs for career growth.
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