Senior Financial Analyst, Promotional Gross Margin Management
Estee Lauder - New York, NY

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Reporting to the Manager of Strategic Finance, this position will contribute to the Promotional Cost of Goods process roll-out in the Estee Lauder brand. The primary function of the position is to instill in brand management the profitable management of promotional products including a focus on SKU Rationalization. This position will be accountable for overseeing the accuracy of promotional product cost objectives, developing monthly and full-year Global promotional Cost of Goods estimates, providing Cost of Goods guidance during annual Strategy/Plan development and assisting Marketing with various “What if Scenarios”

Responsibilities

Assist the Strategic Finance Executive Director and Manager to implement the new product costing process for Promotional products in the Estee Lauder brand.

Partner with Global Marketing to develop accurate cost objectives for promotional products consisting of Sets, Gifts with Purchase, Purchases with Purchase, Samples and Testers. Spearhead the improvement in accuracy of promotional product cost objectives.

Develop and maintain a monthly Global Gross Profit/Cost of Goods report for promotional products.

Provide early COGS impact analyses on promotional products at a Regional and Global level and prior to any purchase commitments being made. Work closely with the Marketing teams to improve profitability on products that don’t meet corporation and brand objectives.

Establish Cost of Goods targets for promotional products 12-15 months prior to Global Marketing offerings to the regions.

Collaborate with Global Marketing and the Shared Service groups for the purpose of achieving the lowest possible cost on new and existing promotional inventory.

Perform Strategic Planning and “What if Scenarios” involving current/future year COG impacts of promotional product scenarios.

Collaborate with Global Marketing and Global Business Planning on SKU rationalization for promotional products with the objective of reducing the amount of excess promotional inventory.

Challenge brand management to increase the profitability level of promotional products by performing analyses and making recommendations that result in the reduction of Promotional product offerings.

Partner with GIS to facilitate the automation of existing manual processes and reports.

Perform various special projects and analyses on an as-needed basis.

Qualifications

Bachelor’s degree in Finance/Accounting

3-5 years experience in Cost Accounting or Finance with emphasis on product costs.

Excellent PC skills (Excel and Word)

Strong interpersonal/Organizational Skills

Team player with strong analytical reporting and communication skills

EEO

We are an Equal Opportunity Employer.

About this company
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The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and...