Director, Merchandise Finance

This is a fully remote position, open to applicants in Connecticut, +5 more states.

📋 Description

• Act as the financial authority overseeing inventory investments at Bob’s Discount Furniture.

• Define and maintain financial guidelines for enterprise purchasing.

• Serve as the finance representative on the Merchandise Planning Committee (MPC).

• Manage the financial framework of the open-to-buy (OTB) process.

• Ensure that receipt commitments align with the merchandise financial plan and corporate forecast.

• Create the inventory investment envelope categorized by product type.

• Set thresholds for margin, turnover, weeks-of-supply, carrying cost, and working capital.

• Offer executive-level insights into inventory efficiency, financial risks, and opportunities.

• Collaborate with teams in Merchandising, Merchandise Planning, Assortment Planning, Pricing, Supply Chain, IT, and senior management.

• Cultivate and develop the merchandise finance team.

• Lead cross-departmental business initiatives and process enhancements.

• Primarily work remotely in a corporate or home-office setting, with occasional travel up to 20%.

• Work weekdays, with occasional extended hours during month-end closing, annual planning, forecasting, and MPC cycles.

⛳️ Requirements

• A Bachelor’s degree in Finance, Accounting, Economics, or a related discipline.

• Over 8 years of progressive experience in FP&A, merchandise finance, or merchandise planning, including necessary retail experience.

• At least 3 years of people management experience, with a proven track record in developing talent and enhancing team capabilities.

• Proven ownership of inventory investment governance, open-to-buy processes, or similar financial control mechanisms in a retail setting.

• Experience in leading cross-functional projects and designing enhanced processes that involve multiple teams and external partners.

• Strong ability to present to and influence senior and executive-level management.

• Capacity to remain composed in a fast-paced environment while managing multiple workstreams and deadlines.

• Must be 18 years of age or older.

• Comprehensive understanding of OTB mechanics, inventory productivity, inventory turnover, GMROI, weeks of supply, carrying costs, working capital, and return on inventory investment.

• Proficient in advanced Excel and driver-based modeling techniques.

• MBA or CPA designation preferred.

• Experience in the furniture, home goods, or any large-ticket or considered-purchase retail categories preferred.

• Experience in an omnichannel retail environment preferred.

• Background in designing or significantly enhancing 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 in SQL and data visualization tools such as Power BI, Tableau, or Looker preferred.

• Experience contributing to presentations for Board-level or investor audiences 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 opportunities.

• Career advancement pathways.

• Employee Discount available from Day 1.

• Exclusive partner discounts.

• Target bonus of 20%.