Sr. Financial Analyst, Inventory

Job Description The Sr. Financial Analyst, Inventory provides decision support by collecting, analyzing and interpreting data, as well as forecasting business trends to support the overall strategic and operating plans of Advance Auto Parts. These include Customer Acceleration/Transformation, Availability Excellence and Superior Experience by driving profitable growth through rigorous analysis and insight.

Location & Work Availability:

This position is Hybrid (4 days in office, 1 day remote), based at our corporate headquarters in Raleigh, North Carolina.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Provide guidelines for standard cost approaches used in business decisions; establish and monitor cost reduction programs.

Provide root/cause driver analysis to support decision-making by effectively communicating and translating the results into business insights and actions

Provide direction to functional counterparts in operating units as required, and to operating and senior management on matters involving cost determination problems, or issues such as inventory valuation, distribution of overhead, treatment of joint costs and product pricing.

Conduct special studies and analyses such as determination of work-in-house or subcontract and cost impact of proposed facilities or processes.

Identify and investigate issues related to assigned projects by selecting an approach from an accepted body of methodology or recommended alternatives.

Define assumptions for the quantification and analysis of investments, acquisitions, or divestitures.

Participate in the development of long-range financial forecasts and related budgets, considering alternative scenarios and economic prospects as appropriate.

Provide fact-based financial analysis, economic modeling and ad-hoc analysis that supports the business case for proposed investment.

Present verbal and written reports on general economic trends, individual corporations, and entire industries

Partner with internal customers to implement performance management rhythms.

Provide appropriate input into test design to ensure results can be relied upon to make investment decisions.

Provide external financial information on competitors and the industry.

Maintain knowledge and stays abreast of developments in the fields of industrial technology, business, finance, and economic theory.

FOCUS Providing support / strategic direction on in-flight inventory and assortment projects

Reviewing current inventory levels / associated KPI’s to find areas of opportunity for reducing on hand and improving inventory turns

Critical analysis of current assortment to identify areas of improvement to generate incremental sales

Own a portion of the inventory forecast to review week-to-week changes to ensure that we continue to march towards our year end budget

Be a trusted business partner for our inventory team Provide other ad-hoc support to the inventory / assortment team as needed

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Strong Microsoft Word, Excel, Access, AS/400 and People Soft skills

Strong analytical and organizational skills

Ability to work with and apply mathematical concepts to practical situations such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry

Ability to read, analyze, and interpret general business periodicals or technical procedures

Ability to write reports, business correspondence, and procedure…