Financial Analyst

Company: 7-Eleven
Location: Irving
Posted on: December 5, 2019

Job Description:

OverviewWho we areImagine working in a place where continuous improvement and innovation is celebrated and rewarded; where fast-paced, high-impact teams come together to positively drive results for one of the largest & most iconic brands in the world.As the only rapidly growing retailer, you may know us as your friendly neighborhood store. You probably know our familiar name, have seen our pervasive logo, and have tried our highly sought-after products, such as Slurpee-- and Big Bite--. "Brain Freeze" is a 7-Eleven registered trademark for our 53-year old Slurpee-- and with over 67,000 stores globally (more than any other retailer or food service provider), we sell over 14 million a month.But there's a lot more to our story and much more left to be written. We are transforming our business, ensuring we are customer obsessed and digitally enabled to seamlessly link our brick and mortar stores with digital products and services.At 7-Eleven the entrepreneurial spirit is in our DNA and has been ever since our inception 90+ years ago. It's what drove us to invent the convenience industry in 1927 by envisioning how a simple ice dock could provide household staples such as milk and eggs to better serve the needs of our customers.Today we are redefining convenience and the customer experience in big ways...we are fundamentally changing our culture and we want talented, innovative, customer obsessed, and entrepreneurial people like you to come make history with us.How we leadAt 7-Eleven we are guided by our Leadership Principles.Be Customer ObsessedBe Courageous with Your Point of ViewChallenge the Status QuoAct Like an EntrepreneurHave an "It Can Be Done" AttitudeDo the Right ThingBe AccountableEach principle has a defined set of behaviors which help guide the 7-Eleven team to Serve Customers and Support Stores.About This OpportunityResponsibilitiesPrimary purpose is to support Field Operations (US and Canada) and Multiple Corporate Functional areas with forecasts, analysis of financial results through variance analysis to budget / forecast, and annual Business Plans, Annual Field Budget, Mid-Year Plan and Bi-Monthly Forecasts, Franchise Fee Pricing, Lease Purchases/Relocations, and ad hoc research and reporting for the CFO, leadership in Operations and/or Planning.Analyzes trends and other relevant information to develop operating assumptions necessary to complete Business Plans, Budgets, Mid-Year Plan and Bi-Monthly Forecasts.Gain a thorough understanding of key business drivers and effective communication of analysis.Regularly interact with Field Operations to provide financial support, verification of results and reporting.Prepare comprehensive monthly / YTD results dashboard that involves comparative analysis of budgets versus current year forecasts / actual results and prior year results.Address or escalate Field Operations inquires as a primary financial liaison to ensure timely, appropriate action / resolution and/or effective interpretation of the financial implications of business activities.Build budgets for 8,000+ stores for US and Canada across 200 + financial lines for 12 month annual budget process.Budget for existing store base (same stores), new stores, closed stores, flip-flops, acquisitions, gas tank removals, and other unique situations.Model current YTD plus forecasted ROY spending to build next year budgets.Perform anomaly analysis to remove noise from budgets and systematically budget for each unique financial line based on historical trends, expected future spending based on feedback from functional departments and upcoming programs / initiatives spending.Analysis of operational and functional areas of the company including senior management requests for information and analysis.Examples include creating / maintaining a reporting system to track and analyze financial performance of unprofitable stores and performing analysis on the impact of potential divestitures / store closures.Collaborate with Development, Fuels, Franchising, and Operations teams to maintain each store's current network plan and operation action plan to improve performance on a monthly basis. Perform annual review to finalize under-performing store closure decisions with executive team to improve store base.Create ad hoc analysis of under-performing stores for M&A / Development team and executive team reviews.Analysis and reporting of ROIC and other financial matrix to gage new store performance by specified segmentation criteria.Participate in department initiatives to build / implement new tools for forecasting and budgeting.Forecast future spending based on modeled historical data and upcoming programs / initiatives.Work with numerous functional departments to build inputs into the forecasts / budgets.Franchise Fee Pricing / Model / Meetings support Franchising Department by providing franchise fees for both corporate and franchised (goodwill) sales utilizing appropriate historical store finances for forecast models as inputs.Respond to requests to evaluate stores for fee adjustment based on market conditions.Provide a report summarizing franchise fees on the 14th day of the month to the Franchise Quality Team.QualificationsEducation: Bachelors/4 year Degree in Business or Finance.Experience: 4+ years of Extensive knowledge of financial modeling and reporting.Requires advanced computer skills using spreadsheet software, familiarity with database applications, downloading data from mainframe systems and use of word processing software.Requires ability to draft correspondence that accompanies requests for information in a clear and concise manner.Requires understanding of mathematical concepts necessary to make growth projections and net present value calculations.Must understand impact/use of multi-spreadsheet linking capabilities and must have ability to quickly learn systems for implementation/development.Analysis skills and the ability to solve problems independently is critical.#LI-AB1

Keywords: 7-Eleven, Irving , Financial Analyst, Professions , Irving, Texas