Sr Entitlement Analyst

Michaels • Irving, TX

12d • Onsite

About The Position

The Sr Entitlement Analyst is responsible for the financial management of Michaels vendor allowance programs. The role calculates, tracks, and submits invoice deductions; monitors and maintains more than 800 Vendor Partnership Agreements (VPAs); analyzes and executes rebate programs; and monitors back-end merchandising allowances. The analyst communicates with vendors and merchandise procurement staff to develop purchase and entitlement forecasts for corporate planning. The position also provides buyers with vendor comparative data to support VPA negotiations, produces periodic reporting and analysis, tracks receipt of entitlement funds, and allocates entitlement credits to internal merchandise departments.

Entitlement programs include co-op and rebate programs, cost of goods and markdowns, damage and defective allowances, freight allowances, peak discounts, and new store allowances. The role oversees entitlement programs and monthly billing, supports financial reporting and month-end close, supervises a Financial Analyst, and works with Information Systems and outside consultants to maintain and enhance an Access-based application and invoice register.

Requirements

• Bachelor’s or master’s degree in Accounting or Finance.
• Four to six years of related work experience.
• Supervisory experience.
• Strong Excel skills.
• Strong Microsoft Access skills.

Nice To Haves

• Macros experience.
• Sequel experience.

Responsibilities

• 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 the monthly entitlement billing process and control the vendor entitlement system.
• Supervise a Financial Analyst.
• Ensure accurate deductions, coding, and accruals.
• Prepare monthly and quarterly reports.
• Prepare monthly forecasts and annual budgets for entitlements and purchases.
• Work with Information Systems and outside consultants to maintain and enhance the Access-based application used to generate entitlement claims and track entitlement data and vendor information.
• Calculate, track, and submit invoice deductions and monitor vendor allowance and rebate programs.
• Produce purchase and entitlement forecasts with vendors and merchandise procurement staff.
• Provide buyers with vendor comparative data and periodic reporting and analysis to support VPA negotiations.
• Track receipt of entitlement funds and allocate entitlement credits to internal merchandise departments.
• Perform other duties as assigned.

Benefits

• 401(k) with employer match, depending on position and eligibility.
• Employee Assistance Program.
• Medical coverage.
• Dental coverage.
• Vision coverage.
• Telemedicine services.
• Flexible spending accounts.
• Commuter benefits.
• Tuition assistance.
• Adoption assistance.
• Voluntary insurance options.
• Employee discounts.
• Partner discount programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior