Sr Entitlement Analyst

Location: Irving-Irving Corporate Office-3939 West John Carpenter Freeway

Support Center - Irving

The Sr Financial Analyst of Entitlements is responsible for the financial management of Michaels vendor allowance programs by calculating, tracking, and submitting invoice deductions. This includes the monitoring and maintaining of over 800 Vendor Partnership Agreements (VPA), analyzing and executing diversely structured rebate programs, and monitoring numerous back-end-merchandising allowances.

Through communication with vendors and the merchandise procurement staff, purchase and entitlement forecasts are produced for corporate planning needs. The SFA provides buyers with precise vendor comparative data to help increase leverage during the negotiation of VPA terms as well as periodic reporting and analysis of results and comparative data. This position is responsible for the receipt and tracking of entitlement funds and the allocation of entitlement credits to the corresponding internal merchandise departments.

Major Activities

Entitlements include but are not limited to

• Co-op & Rebate Programs
• Cost of Goods & Markdowns
• Damage/Defective Allowances
• Freight Allowances
• Peak Discounts
• New Store Allowances

Primary Responsibilities

Oversee Entitlement Programs

• Track entitlements and monitor Vendor Partnership Agreements
• Address vendor requests and other issues
• Verify and research vendor reimbursement issues
• Interface with buyers to satisfy vendor needs
• Manage entitlement monthly billing process
• Manage and control vendor entitlement system

Supervise Financial Analyst

Financial Reporting and Month End Close Process

• Assure accurate deductions, coding and accruals
• Prepare monthly and quarterly reports
• Prepare monthly forecasts and annual budgets for entitlements and purchases

Maintain and Enhance Entitlements Application and Invoice Register

Work with IS and outside consultants on the continuing maintenance and enhancements of the Access-based application to generate entitlement claims, track entitlement data and other key vendor information.

Other duties assigned

Qualifications

Bachelor’s or Master’s Degree in Accounting or Finance

4 to 6 years of related work experience

Supervisory experience

Strong Excel skills

Strong Microsoft Access skills

Macros and Sequel experience a plus

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.