Director, Merchandise Finance

🕒 Yesterday

🦌 Connecticut, Maine, +4 more states – Remote

🦌 Connecticut – Remote 🦞 Maine – Remote 🗻 New Hampshire – Remote 🏖️ New Jersey – Remote 🗽 New York – Remote 🍂 Massachusetts – Remote

💵 $150k - $175k / year

⏰ Full Time

🔴 Lead

💸 Financial Planning and Analysis (FP&A)

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Bob's Discount Furniture

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1991

🏭 Manufacturing

📦 Logistics

🛒 Retail

Manufacturing • Logistics • Retail

Bob's Discount Furniture is a retail furniture store offering a wide range of home furnishings and accessories at affordable prices. They provide an efficient shopping experience through their online platform, where customers can browse and purchase various furniture pieces. The company places a strong emphasis on customer privacy and the use of technologies to enhance website functionality and personalization. They comply with privacy laws like the CCPA and offer options for customers to manage their data preferences. Their business model includes leveraging performance and marketing technologies to improve user experience and offer relevant advertisements.

📋 Description

• Serve as the financial authority for inventory investment at Bob’s Discount Furniture • Set and govern financial guardrails for enterprise buying • Act as the standing finance voice on the Merchandise Planning Committee (MPC) • Own the financial architecture of the open-to-buy (OTB) process • Ensure receipt commitments are affordable and reconcile to the merchandise financial plan and corporate forecast • Build the inventory investment envelope by category • Establish margin, turn, weeks-of-supply, carrying-cost, and working-capital thresholds • Provide executive-level insight into inventory productivity, financial risk, and opportunity • Partner with Merchandising, Merchandise Planning, Assortment Planning, Pricing, Supply Chain, IT, and senior leadership • Develop the merchandise finance team • Lead cross-functional business projects and process improvements • Operate primarily remotely in a corporate or home-office environment with occasional travel up to 20% • Work Monday through Friday, with periodic extended hours during month-end close, annual planning, forecasting, and MPC cycles

🎯 Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field • 8+ years of progressive experience in FP&A, merchandise finance, or merchandise planning, including required retail experience • 3+ years of people-management experience, with demonstrated success developing talent and scaling team capability • Demonstrated ownership of inventory investment governance, open-to-buy, or a comparable financial control process in a retail environment • Experience leading cross-functional business projects and designing new or improved processes involving multiple teams and external partners • Proven ability to present to and influence senior and executive management • Ability to work calmly in a fast-paced environment while managing concurrent workstreams and deadlines • Must be at least 18 years old • Deep knowledge of OTB mechanics, inventory productivity, inventory turn, GMROI, weeks of supply, carrying cost, working capital, and return on inventory investment • Advanced Excel and driver-based modeling skills • MBA or CPA preferred • Experience in furniture, home goods, or another big-ticket or considered-purchase retail category preferred • Experience in an omnichannel retail environment preferred • Experience designing or significantly improving an OTB or inventory governance process preferred • Familiarity with Blue Yonder, o9, Oracle Retail, Logility, or SAP preferred • Experience with Anaplan, Hyperion, or similar platforms preferred • Proficiency with SQL and Power BI, Tableau, or Looker preferred • Experience contributing to Board-level or investor-facing presentations preferred

🏖️ Benefits

• Competitive Medical, Dental, and Vision Insurance • Generous paid time off, including vacation, personal days, sick leave, holidays, and your birthday • 401(k) Profit Sharing Plan with a generous company match • Pet Insurance and employer-paid Life Insurance options • Tuition reimbursement • On-demand learning • Career progression pathways • Employee Discount starting on Day 1 • Exclusive partner discounts • 20% bonus target