Director, Merch Finance, Essentials & Beauty

The pay range is $125,600.00 - $226,100.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About Us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

Right on pace with Target’s distinctive retail brand, Target Finance and Accounting are transforming for the better. As so much more than a financial analyst or a behind-the-scenes number-cruncher, you will be a truly collaborative partner with a seat at the table. You’ll bring your unique point of view, experience and passion for the work to your team and internal clients. In Finance, you’ll be an integral voice in discussions that lead to Target’s unparalleled shopping experience. Your analysis and recommendations will be directly applied to critical business decisions, from sales to merchandising and beyond. Within Finance, you’ll enjoy the interesting challenges of the competitive retail space, and you’ll have a 360-degree impact—rather than on just one part of the business. You’ll see your contributions come to life in virtually every area of this dynamic enterprise. And you’ll grow and be challenged in your career while having a healthy balance with life outside of work.

A role in Financial Planning & Analysis means belonging to a great team of genuine, diverse, courageous and versatile people who put integrity and ethics at the heart of everything they do. Together, you’ll drive outstanding financial results by enabling and accelerating Target’s strategic execution. You’ll nurture influential partnerships with leaders who value your credibility, thanks to the quality and reliability of your insights. To teams across Target, you’ll bring your skills for analytical rigor, creative problem-solving and sound decision-making. You’ll be an active contributor to cross-functional teams. You’ll rise to the challenge of the dynamic retail industry, brining innovative solutions that have a direct impact on financial and operational direction-setting, merchandising and capital investments and how to best use our resources. All of your good work will help elevate and maintain Target as one of the world’s most recognized and best-loved retail brands.

The Director of Merchandise Finance for Essentials & Beauty will lead a group of highly talented senior managers and take the lead to:

Set Financial Priorities and Influence Key Business Decisions

• Analyze trends and assess the financial health of the business to help with long-term planning, day-to-day decisions, and contingency scenarios
• Provide financial insights and develop a point of view on critical business decisions related to assortment productivity, store space allocation, promotional effectiveness, inventory investment, and digital growth and profitability.
• Work closely with senior leaders in Merchandising, Planning, Operations, and Finance to develop and execute business strategies to gain market share and expand profit margins
• Manage and influence the end to end (Sales to EBIT) success of the Essentials & Beauty business
• Analyze variances between forecast, plan and actual results and identify actions to address gaps/risks and accelerate opportunities

Develop Strategic Plans and Long-Range Financial Goals

• Play a critical role in the acceleration and growth of Target’s Essentials & Beauty business, partnering with a broad set of cross-functional leaders to challenge and optimize the operating model
• Set pyramid financial goals based on internal and external factors and size key strategic building blocks and tactics
• Facilitate annual and long-range financial planning processes across the organization

Drive Business Case Development and Assess Investment ROI

• Develop business cases for investment decisions such as in-store innovations, brand development and digital growth opportunities that align with strategic and financial goals
• Measure and report on investment return to evaluate impact of new strategies
• Influence how to optimize investments in new brands and emerging trends

Lead, Develop, and Coach a Highly Talented and Motivated team

• Attract, manage, and develop experienced finance talent
• Set priorities, remove obstacles for delivering on objectives, and ensure the team is focused on providing value-added support that helps deliver strong financial performance
• Partner across broader finance and accounting teams to drive business opportunities, identify needed expertise, and serve as a liaison to other finance stakeholders
• Champion process improvement and efficiency initiatives across Target’s portfolio of business

Job duties may change at any time due to business needs.

About you:

• B.A/B.S degree or equivalent experience in Finance, Business, Merchandising or other related field
• MBA/CPA/MA Preferred
• 7+ years of business or analytical experience, with Essentials & Beauty, CPG or equivalent preferred
• Excellent communication, collaboration and interpersonal skills
• Strong analytical aptitude and critical thinking skills with demonstrated results driving critical strategies forward
• Ability to work in a fast-paced environment and manage project deadlines and competing priorities effectively
• Demonstrated leadership skills that showcase the ability to direct, influence and coach a team of partners, peers, and direct reports

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target’s needs. A Hybrid/Flex for Your Day work arrangement means the team member’s core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com.