Sr Director, Product Management - MP&A

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Brand Description

At Five Below, our growth is driven by the people who embrace our purpose and bring The Five Below Way to life every day. We are building a culture where big ideas, energy, passion, and execution come together to create a WOW experience for our customers and our associates.

Position Summary

The Senior Director, Product Management – MP&A is the senior product leader accountable for the strategy, roadmap, business outcomes, and product operating model across Five Below’s Merchandise Planning & Allocation domain. This role is the product counterpart to engineering leadership for the domain and is responsible for ensuring that Five Below’s planning, assortment, allocation, replenishment, and related merchandising workflows are supported by products that are aligned to business process, measurable outcomes, and long-term scale.

Today, the MP&A landscape has meaningful opportunity for simplification and modernization. Current-state research indicates the domain lacks a cohesive end-to-end process view and a complementary set of products, with fragmented systems, manual processes, Excel-heavy workflows, limited visibility, and gaps between business needs and current platform capabilities.

This leader will partner deeply with Merchandising, Planning, Allocation, Inventory, Merch Operations, Product, Engineering, Architecture, Data/Analytics, and enterprise stakeholders to define the future product direction for MP&A. They will translate business strategy into a clear product vision, measurable KPIs, prioritized roadmaps, and high-quality execution that improves planner productivity, decision quality, inventory outcomes, and organizational agility.

Responsibilities

1. Product Strategy and Domain Leadership

• Own the multi-year product vision and strategy for the MP&A domain, aligned to Five Below’s business priorities, enterprise strategy, and long-range planning needs.
• Define the target product landscape and business capability model across core MP&A processes such as merchandise financial planning, assortment planning, demand forecasting, inventory acquisition and replenishment, seasonal allocation, in-season performance management, and related planning workflows.
• Ensure product strategy reflects Five Below’s current reality: disconnected tools, manual handoffs, limited automation, inconsistent data definitions, and workflow friction that constrain scale and decision quality today.
• Establish clear domain north stars and guardrails that connect product investments to business outcomes, user productivity, and operational resilience.

2. Deep Business Process Ownership

• Develop deep understanding of the end-to-end MP&A process, including preseason planning, in-season adjustments, assortment development, item setup, PO requests and PO management, allocation review, DC split decisions, and sell-through monitoring, MFP, Assortment planning.
• Lead process discovery and working sessions with business partners to document current-state journeys, pain points, handoffs, controls, and opportunities for standardization, simplification, and automation.
• Translate business process needs into product requirements that are grounded in how planners, buyers, allocators, and merch operations teams actually work, not just in how current tools happen to function today.
• Maintain a strong point of view on where Five Below should adopt standard package capabilities, where configuration is sufficient, and where differentiated workflows or microapps are required to support Five Below’s operating model.

3. Roadmap, Prioritization, and Portfolio Management

• Own the MP&A domain roadmap and backlog, framing problems clearly, sequencing work intentionally, and balancing business value, urgency, risk, complexity, adoption readiness, and cost.
• Prioritize between short-term continuity and long-term transformation, including targeted improvements to existing platforms while defining the future-state process and product architecture.
• Lead product