Senior Manager

2 days ago

bangalore, India Lowe's India Full time
The Financial Decision Support & Analytics (FDS&A) team is responsible for providing analyses, insights and reporting that help identify drivers of performance and guide appropriate tactical actions to improve financial outcomes. The team partners with Retail Finance teams in the US for functions such as Global FP&A, Store Operations, Merchandising and Supply Chain.
This role involves leading Cost Optimization team which includes Regular work and Project focused teams to support Cost and Freight Cost optimization SSC-M engagement along with working closely with Merchants/GFOs. It would involve working on complex and impactful analytics projects to drive cost out strategy from Vendors and vendors conversions to Collect or Direct import to improve margin. Over time, individuals in this role operate with more and more autonomy and discretion and take on more complex projects spanning multiple business functions. This role also facilitates relationships with key stakeholders and defines OKRs and other performance metrics for the team.
Candidate should have knowledge and hands on experience to play the following role:
- Cost Optimization by evaluating First Cost, Commodity opportunity and other levers to drive cost out from Vendors
- Freight cost optimization (FCO) involving Vendor conversions, freight cost estimation and optimization
- Help analyze impact of tariff and commodity prices on product cost and build strategies to mitigate business impact
- Work with business partners and others in SSC-B and SSC-M to constantly find opportunities, leverage commonalities and ensure proactive solution building and delivery
- Stand up self-serve capabilities and models to drive Vendor cost Strategy- data extractions and advanced analytics and BI reporting can be automated and performed
- Provide insights and recommendations to business for driving better negotiations with vendors
- Experience on striking negotiations discussion with vendors
- Competitive Intelligence to the negotiation team
- Hands on knowledge on product clustering and segmentation to evaluate similar items along with Parent SKU
- Hands on knowledge on various forecasting techniques e.g. Time Series, Regression etc.
- Help with changes in reports and other modifications including conducting ad hoc analysis and reports building as per business needs
- Ensure on time and accurate delivery of all cost and FCO related requests
- Handled a considerable team in the past
- Be a go-to point for all data and insights needs for the business.
- Ability to present insights rather than providing numbers to business.
- Communicate independently and effectively with stakeholders on scope of project, presenting results, reconciliation of data etc.
- Pursues self-development and effective relationships with team members and partners
Basic Qualifications
- Bachelor's/Master’s degree in finance, engineering, economics and/or MBA
- 12+ years of experience with at least 5+ years in a leadership role
- Experience in Cost management and/or Vendor negotiations is desirable but not mandatory
- Experience in financial modeling, predictive analytics, statistical analyses
- Functional experience with performing data Modeling, exploratory/directional view analysis
- Strong Data Visualization and Business Intelligence & Reporting skills
- Ability to adapt in a fast-paced and rapidly changing environment and work independently managing multiple competing priorities
- Strong finance and business acumen. Having the ability to convert nomenclatures from finance into business and vice-versa
- Strong financial modeling and Excel skills
- Exceptional analytical skills; highly detail oriented
- Strong retail business understanding and know-how preferred
- Strong influencing abilities
- Superior liaising, project management, co-ordination, planning and facilitating skills
- Superior communication skills – being able to manage upward, peers and offshore teams.
Preferred Qualifications
- A work ethic based on a strong desire to exceed expectations. Coach, mentor, nurture talent and build a winning culture
- Strong interpersonal / liaising skills emphasizing written and oral communication
- Demonstrated ability to build and manage financial models for finance analytics problem solving- connecting the dots, the big picture and the ‘why’
- Advanced knowledge of Excel, Automation
- Analytical skills- querying using SQL, SAS, Python

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