Senior Manager Merch Financial Planning, (Hybrid, WA) at Nordstrom

Seattle, Washington, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Bachelor's degree or equivalent work experience
5+ years of retail planning/inventory management or related experience
2+ years of retail buying experience
1+ year of retail experience interacting directly with customers
Nordstrom experience preferred
Expertise in merchandise category
Demonstrated understanding of retail and the service environment of Nordstrom
Proficiency in MS Windows and Office suite
Clear and effective written and verbal communication and strong interpersonal skills

Responsibilities

Develop and leverage a comprehensive understanding of how the customer strategy translates to the financial and buy plans
Manage the buy planning calendar and direct the timely creation, review, re-projection and execution of upfront and in-season plans
Effectively balance objective information with subjective inputs to provide guidance on opportunities for improving sales, inventory management and profitability
Ensure financial planners develop executable financial plans for FLS, Direct and location level
Oversee planning and execution of support for emerging businesses such as Direct
Ensure execution of strategies within the boundaries of financial plans including maintaining liquidity in their upfront and in-season plans
Direct and manage performance, scenario and ad hoc analysis focused on identifying business risks and opportunities and recommending course of action to reach goals and optimize performance
Develop and implement business process improvements by leveraging reporting and analysis, developing budget disciplines and applying consistent financial management practices
Participate in special projects as necessary including leading reclasses, creating and distributing event pilots, etc
Act as a change leader to support company initiatives and ensure adoption by merchandising team
Lead training of new financial planners in the division

Skills

Financial Planning

Buy Planning

Inventory Management

Sales Forecasting

Profitability Analysis

Scenario Analysis

Ad Hoc Analysis

Business Process Improvement

Reporting

Budgeting

Retail Merchandising

Team Leadership

Nordstrom

Retailer offering clothing and accessories

About Nordstrom

Nordstrom is a retail company that focuses on providing a wide range of clothing, shoes, and accessories for men, women, and children. The company operates department stores and an online platform where customers can shop for various brands and styles. Nordstrom emphasizes a strong customer service experience, encouraging employees to take initiative and develop their careers within the organization. Unlike many competitors, Nordstrom fosters a culture of leadership and personal growth among its staff, which contributes to a dedicated and motivated workforce. The company's goal is to create a positive shopping experience while also being committed to environmental sustainability and community support.

Seattle, WashingtonHeadquarters

N/AYear Founded

$16MTotal Funding

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Risks

Increased competition from online retailers like Amazon may impact Nordstrom's market share.

Economic uncertainty could reduce consumer spending on luxury items, affecting sales.

Expansion into international markets exposes Nordstrom to geopolitical and currency risks.

Differentiation

Nordstrom emphasizes employee empowerment and career growth within the company.

The company is committed to environmental sustainability and community support.

Nordstrom's experiential retail approach includes pop-up shops and exclusive collaborations.

Upsides

Nordstrom Rack is expanding with new locations in West End and Lubbock by 2025.

The Nordy Club enhances customer savings and loyalty through exclusive benefits.

Strategic collaborations, like with DXL Big + Tall, expand Nordstrom's customer base.

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