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, key performance indicators (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.
Other duties as assigned
Preferred Education/Experience
- Bachelor’s Degree in Finance, Accounting, Economics or a related field
- Advanced proficiency in MS Office skills (Work, Excel, PowerPoint, and Access) and financial software (e.g., SAP, Oracle, Hyperion)
Minimum Type of Experience Required
- 5 years of finance experience in an FP&A function
- Strong understanding of financial statements with experience with forecasting and financial reporting
- Advanced excel skills and financial modeling required
- 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
- Knowledge of Essbase and/or Oracle Financials
- 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.
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. For more information, visit www.michaels.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).
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
Skills Required
- 5 years of finance experience in an FP&A function
- Advanced Excel skills and financial modeling
- Strong understanding of financial statements with forecasting and financial reporting experience
- Power BI experience
- Excellent communication skills and ability to present to senior leadership
- Proven experience collaborating with business teams
- Comfortable working in a fast-paced environment with evolving priorities
- Bachelor's Degree in Finance, Accounting, Economics or a related field
- Advanced proficiency in MS Office (Word, PowerPoint, Access)
- Proficiency with financial systems (SAP, Oracle, Hyperion)
- Knowledge of Essbase and/or Oracle Financials
- Prior retail experience
Michaels Stores Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Michaels Stores and has not been reviewed or approved by Michaels Stores.
-
Healthcare Strength — Multiple medical, dental, and vision options are available alongside virtual care and an Employee Assistance Program. Basic life and AD&D are provided for full-time team members, with optional disability coverage.
-
Retirement Support — A 401(k) plan with company matching supports savings for retirement. Eligibility begins after a short tenure period.
-
Wellbeing & Lifestyle Benefits — Team members receive broad merchandise and custom framing discounts plus partner savings on fitness, travel, and services. Programs such as Michaels CARES and tuition assistance add wellbeing and development support.
Michaels Stores Insights
What We Do
The Michaels Companies, Inc. is North America's largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for Makers and do-it-yourself home decorators. The Company owns and operates more than 1,200 stores in 49 states and Canada. Additionally, the Company serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.
