Retail Strategy Senior Manager

Job ID: 259597
Location Name: CA-FSC SF Off (0174)
Address: 350 Mission St, 20th Floor, San Francisco, CA 94105, United States (US)
Job Type: Full Time
Position Type: Regular
Job Function: Retail Operations
Remote Eligible: Hybrid Schedule

Company Overview:

At Sephora we inspire our customers, empower our teams, and help them become the best versions of themselves.  We create an environment where people are valued, and differences are celebrated. Every day, our teams across the world bring to life our purpose: to expand the way the world sees beauty by empowering the Extra Ordinary in each of us.  We are united by a common goal - to reimagine the future of beauty.

The Opportunity:

The combined Retail Strategy and PMO teams at Sephora play a pivotal role in driving and executing key retail initiatives to support the organization's objectives. The Retail Strategy team focuses on planning and presenting macro retail strategies, conducting business insights research, and performing retail performance and financial modeling to inform and influence sound decision-making. Meanwhile, the PMO team enables these initiatives to be executed on time, within scope, and budget by managing project intake and approval processes, aligning priorities, assessing risks, and providing strategic guidance. Together, they ensure Retail is focused on the right things at the right time for the right reason.

As the Senior Manager, Retail Budget you will own and drive the annual budget planning and forecasting processes to ensure adequate financial resources have been secured to support the execution of our Retail initiatives. Reporting to the Senior Director, Retail Strategy & PMO, you will also serve as the subject matter expert within the Retail department for all financial matters, including OpEx and CapEx budgets and expense reconciliation. You will also work collaboratively with Finance to review and analyze the Retail P&L, developing action plans to mitigate financial risks and optimize performance.

• Lead the cross-functional planning, development and oversight of the annual division budget and all its related processes, including proposals for increased headcount, opex and capex
• Work collaboratively with Retail leaders to build and provide oversight of team budgets that support the execution of Retail strategies, including T&E, equipment purchases and contract work
• Design, implement and continuously optimize a budget operating model within the context of an expanding organization, including internal control policies and procedures
• Lead departmental expense management activities, such as creating PRs/POs, reconciling invoices and other expenses (e.g., AmEx purchasing cards), tracking budget allocations, investigating discrepancies and developing and monitoring saving initiatives
• Ensure departmental expenses are appropriately expensed using the correct category utilization and work with the Accounting team to correct as needed
• Track expenditure requests against team and project budgets, working with team leaders to address unbudgeted risks
• Support month-end close process through variance analysis, preparation of accruals and releases and presentation of close results to senior leadership
• Analyze and communicate emerging budget trends, deficits and surpluses to senior leadership on a timely basis
• Produce monthly financial reports for department cost centers, including operating and capital spend
• Develop, build and maintain executive reporting dashboards
• Create recurring or ad-hoc reports as requested
• Assess the monthly Retail P&L with an understanding of details and drivers behind key lines (e.g., sales, gross margin, inventory, etc.) to help identify risks and improvement opportunities; partner with Finance team to develop solutions as needed
• Perform a variety of statistical and financial analyses, including cost/benefit and program cost analysis