Loss Prevention Financial Data Specialist

Support Center - Irving
Reporting to the Manager - Loss Prevention Systems & Analytics, the Loss Prevention Financial Data Specialist supports the team by providing analysis and insight into the company's current, past, and future inventory shrink performance. Responsibilities include:
• Developing an understanding of key Loss Prevention metrics,
• Assisting with benchmark shrink statistics from a field and merchandise perspective and measuring shrink reductions from initiatives and
• Assisting with analyzing and identifying shrink outliers based on internal and external factors
Additional responsibilities include assisting with presenting shrink and sales analytics, maintaining departmental information, and preparing ad-hoc reports. The specialist will also work collaboratively with business partners to achieve and improve merchandise and store profitability.
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Major Activities
Analyze Loss Prevention Initiatives

• Assist with analyses that measure shrink and sales impact to ensure maximum profitability for all current Loss Prevention initiatives such as CCTV, EAS program, and Merchandise Protection methods.
• Assist with providing support and developing analysis of business cases to support future Loss Prevention initiatives, including analyzing expected cost and profitability improvement to ensure maximum returns on capital.
• Participates in cross-functional teams to brainstorm Loss Prevention and damage reduction initiatives.
• Assists with evaluating the Internal exception reporting system with the inventory module and providing KPIs, monitoring, and alerting stores.

Provide support for ongoing Inventory and Shrink related issues.

• Assists with evaluating weekly S.K.U level shrink exception reports. Identifies root causes and works with appropriate internal partners to determine solutions.
• Assists with responding to ad-hoc merchandise concerns from Stores, Operations, and Merchants to determine if problems affect the entire chain.
• Collaborates and assists with providing data, support, analysis, and solutions to all parties concerned.
• Assists with creating reports for merchandise protection programs.
• Assists with supporting the Damage Committee with reporting through partnerships with key partners, such as merchants, store operations. Provides analytical insight and partners on recommendations for solutions.
• Partners with the Manager to perform planogram walks and review new sets with merchants for shrink implications.

Develop Key Performance Indicators

• Assists with improving and developing processes that enable the use of industry shrink statistics, regional demographic data, local crime rates/indices, internal factors such as security measures, operational variables, and risk-related claims and incidents.
• Assists with providing exception-based reporting

Minimum Knowledge/Skills/Abilities
Minimum Education

• Bachelor's degree or equivalent experience

Minimum Special Certifications or technical skills

• Proficiency in MS Office is required

Minimum Type of experience the job requires

• 0-2 years of experience in finance or accounting
• Experience with integration of data from multiple data sources

Preferred Knowledge/Skills/Abilities
Preferred Education

• Bachelor's degree in accounting or finance preferred

Preferred Special Certifications or technical skills

• Microsoft Power BI, Essbase, Oracle Financials, Retek, and MicroStrategy/Data

Preferred Type of experience the job requires

• Experience in finance or accounting, preferably in a Loss Prevention retail environment

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
To review a comprehensive list of benefits, please visit Michaels Benefits (MIKBenefits.com)
CO, CT, WA and RI only - To review pay ranges for the position you are applying for, please visit Michaels Pay Ranges - CO, CT, WA and RI. (MIKBenefits.com)
For 50 years, Michaels has been the best place for all things creative. We strive to inspire our customers, cultivate confident leaders, and serve our communities by fostering an inclusive environment for everyone to learn, shop, and create. At Michaels, everyone has a seat at our craft table and every Team Member is encouraged to hone their craft with opportunities for personal and professional growth. From our Stores and Distribution Centers to Artistree and our Support Center, our best-in-class team is committed to delivering on our purpose to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,290 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, and MakerPlace by Michaels, a dedicated handmade goods marketplace.
Michaels is an Equal Opportunity Employer. We are here for all Team Members and all Makers to create, innovate and be better together.
Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).
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