Michaels Stores
Sr Financial Analyst – Michaels Stores
Location: Support Center – Irving, TX
The Senior Financial Analyst supports Michaels by delivering comprehensive financial analysis, reporting, and strategic insights to enable informed business decisions and drive financial performance. Responsibilities include detailed financial modeling, budgeting, forecasting, and performance analysis to help the organization achieve its financial goals.
Major Activities Financial Planning And Analysis
Develop and maintain financial models to support strategic initiatives, new store openings, product/category analysis, and promotional planning.
Conduct variance analysis to identify trends, risks, and opportunities.
Provide detailed financial analysis and insights to support strategic decision‑making.
Budgeting And Forecasting
Support the preparation of annual budgets and rolling forecasts.
Monitor budget performance and analyze deviations from plan.
Collaborate with various departments to gather data and ensure accurate forecasting.
Financial Reporting
Prepare and distribute financial reports for senior leadership and stakeholders.
Analyze financial results, KPIs, and variances against plan; provide actionable insights and recommendations.
Develop and distribute management reports to support business operations.
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
Partner with cross‑functional teams to understand business drivers and align financial goals.
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.
Support the implementation of cost control initiatives.
Track and report on the effectiveness of cost management efforts.
Special Projects
Lead or support special financial projects and initiatives as required.
Provide ad‑hoc financial analysis and support to various stakeholders.
Education & Experience
Bachelor’s Degree in Finance, Accounting, Economics or a related field.
Advanced proficiency in MS Office (Word, Excel, PowerPoint, Access) and financial software (e.g., SAP, Oracle, Hyperion).
Minimum Experience
5 years of finance experience in an FP&A function.
Strong understanding of financial statements with experience forecasting and financial reporting.
Advanced Excel skills and financial modeling knowledge.
Excellent communication skills with the ability to present complex information clearly and concisely.
Proven experience collaborating with business teams and presenting to senior leadership.
Comfortable working in a fast‑paced environment with evolving priorities.
Power BI experience.
Other Requirements
Knowledge of Essbase and/or Oracle Financials.
Prior retail experience is a plus.
Applicants in the U.S. must satisfy federal, state, and local legal requirements for the job.
At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. We operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The company 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.
At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full‑time and part‑time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more.
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
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The Senior Financial Analyst supports Michaels by delivering comprehensive financial analysis, reporting, and strategic insights to enable informed business decisions and drive financial performance. Responsibilities include detailed financial modeling, budgeting, forecasting, and performance analysis to help the organization achieve its financial goals.
Major Activities Financial Planning And Analysis
Develop and maintain financial models to support strategic initiatives, new store openings, product/category analysis, and promotional planning.
Conduct variance analysis to identify trends, risks, and opportunities.
Provide detailed financial analysis and insights to support strategic decision‑making.
Budgeting And Forecasting
Support the preparation of annual budgets and rolling forecasts.
Monitor budget performance and analyze deviations from plan.
Collaborate with various departments to gather data and ensure accurate forecasting.
Financial Reporting
Prepare and distribute financial reports for senior leadership and stakeholders.
Analyze financial results, KPIs, and variances against plan; provide actionable insights and recommendations.
Develop and distribute management reports to support business operations.
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
Partner with cross‑functional teams to understand business drivers and align financial goals.
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.
Support the implementation of cost control initiatives.
Track and report on the effectiveness of cost management efforts.
Special Projects
Lead or support special financial projects and initiatives as required.
Provide ad‑hoc financial analysis and support to various stakeholders.
Education & Experience
Bachelor’s Degree in Finance, Accounting, Economics or a related field.
Advanced proficiency in MS Office (Word, Excel, PowerPoint, Access) and financial software (e.g., SAP, Oracle, Hyperion).
Minimum Experience
5 years of finance experience in an FP&A function.
Strong understanding of financial statements with experience forecasting and financial reporting.
Advanced Excel skills and financial modeling knowledge.
Excellent communication skills with the ability to present complex information clearly and concisely.
Proven experience collaborating with business teams and presenting to senior leadership.
Comfortable working in a fast‑paced environment with evolving priorities.
Power BI experience.
Other Requirements
Knowledge of Essbase and/or Oracle Financials.
Prior retail experience is a plus.
Applicants in the U.S. must satisfy federal, state, and local legal requirements for the job.
At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. We operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The company 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.
At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full‑time and part‑time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more.
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