Michaels Stores, Inc Hiring for Manager – Corporate Finance Job at Irving, TX Full Time

Support Center – Irving

For nearly 50 years, Michaels has been the destination where Makers get inspired, learn, shop, and create. We strive to cultivate an inclusive shopping environment for all Makers and work environment for all Team Members, providing a place of belonging and empowering everyone to bring their creative dreams to life. At Michaels, every Team Member is encouraged to hone their craft with opportunities for personal and professional growth. From our Stores and Distribution Centers to Artistree and our Support Center, our best-in-class team is passionate about leaving the world a better, more creative place by contributing to every “make”.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all Makers to create, innovate and be better together. The Manager – Corporate Finance provides support for company-wide capital expenditure planning, analysis, reporting, and capital approval process and controls. The scope of capital project analysis extends into all facets of the company’s operations and is responsible for ensuring that capital projects meet expected rates of return and that proposed projects are based on a thorough and quantifiable business case.

Major Activities

Partner with executive sponsors to document business cases for strategic initiatives; quantify or define costs, benefits, timelines, contingencies, and implications, including NPV, ROI, and payback period. Develop fact-based assumptions and financial models.

Lead the capital request process, including administration, customer service and status inquiries, and reporting; maintain capital request database and numbering.

Prepare monthly reporting and variance analysis for Capital Committee. Assist in the preparation of Board presentations.

Perform post audit analysis of completed capital projects; partner with project leaders and business unit leaders to document spending variances (capital & expense), benefits variance, execution timeline compliance, supplier/consulting partner performance, IRR & ROI, payback period, lessons learned and next steps; present to the Capital Committee.

Support the annual capital planning process: prepare templates and historical data, partner with constituencies to gather inputs, review consolidations and detailed plan revisions; maintain the planning model and perform detailed variance analysis; coordinate closely with Financial Planning group on expense and cash flow implications of proposed capital plans.

Partner with Real Estate Development team and cross-functional departments to develop and prepare proforma analysis of store opportunities; prepare financial summary for presentation to Real Estate Committee.

Measure and report new store, re-located store, and remodeled store performance; partner with Store Planning & Analysis to quantify competitive market share shifts.

Minimum Education

Bachelor’s degree

Minimum Type of experience the job requires

5-7 years of related experience

Significant previous analytical experience, including financial modeling

Preferred Education

Bachelor’s degree preferably in Finance/Economics

Preferred Type of experience the job requires

Retail experience preferred

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

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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