Support Center - Irving
The Senior Financial Analyst of Entitlements is responsible for the financial management of Michaels vendor allowance programs by calculating, tracking, and submitting invoice deductions. This includes the monitoring and maintaining of over 800 Vendor Partnership Agreements (VPA), analyzing and executing diversely structured rebate programs, and monitoring numerous back-end-merchandising allowances. Through communication with vendors and the merchandise procurement staff, purchase and entitlement forecasts are produced for corporate planning needs. The SFA provides buyers with precise vendor comparative data to help increase leverage during the negotiation of VPA terms as well as periodic reporting and analysis of results and comparative data. This position is responsible for the receipt and tracking of entitlement funds and the allocation of entitlement credits to the corresponding internal merchandise departments.
Major Activities
Oversee Entitlement Programs:
• Track entitlements and monitor Vendor Partnership Agreements
• Address vendor requests and other issues
• Verify and research vendor reimbursement issues
• Interface with buyers to satisfy vendor needs
• Manage entitlement monthly billing process
• Manage and control vendor entitlement system
• Supervise Financial Analyst
Financial Reporting & Month End Close Process:
• Assure accurate deductions, coding and accruals
• Prepare monthly and quarterly reports
• Prepare monthly forecasts and annual budgets for entitlements and purchases
Maintain and Enhance Entitlements Application and Invoice Register:
• Work with IS and outside consultants on the continuing maintenance and enhancements of the Access-based application to generate entitlement claims, track entitlement data and other key vendor information
Other duties as assigned
Preferred Education/Experience
• Bachelor’s or Master’s Degree in Accounting or Finance
• Advanced proficiency in MS Office skills (Work, Excel, PowerPoint, and Access) and financial software (e.g., SAP, Oracle, Hyperion)
Minimum Type of Experience Required
• 4 to 6 years of related work experience
• Supervisory experience
• Strong Excel skills
• Strong Microsoft Access skills
• Macros and Sequel experience a plus
Other
• Prior retail experience a plus
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.com and Michaels.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 www.michaels.com .
Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 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, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and 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).
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