Title: Budget Capex Analyst
Category: Accounting & Finance
EmploymentType: Full-Time
Location: NY-New York (Union Square)
LocationType: corporate
JobLocation: New York, New York 10003
JobSummary: The Budget Capex Analyst will be pivotal to the financial success of the organization by supporting important capital planning and analysis activities. This position will partner with the Financial Planning Manager to build budgets, forecasts, and analyses for Capex across new and existing stores, distribution centers, IT projects, and other critical areas for the business. Success in this role requires financial acumen, attention to detail, and the ability to build relationships with non-finance teams, while maintaining objectivity in analysis and capital requests. The Budget Capex Analyst will expand and enhance Capex reporting for the organization, better informing budgets, forecasts, and strategic capital planning.
This role is a hybrid position working out of our Union Square, NYC office.
An employee in this position can expect an annual salary between $80,000 - $90,000 depending on experience, seniority, geographic locations, and other factors permitted by law.
WhatYouDo:
- Review and monitor capital expenditure, investments, and strategic projects to ensure budget and forecast alignment.
- Build strong relationships with budget owners and project managers, partnering with the Financial Planning Manager to oversee all Capex requests within the business.
- Prepare the annual Capex budget in conjunction with heads of departments.
- Ensure that senior management have clear and concise capital reporting, including actuals, forecasts, budgets, and variance analysis.
- Analyze investments in budget owners' Capex requests, ensuring payback targets are achievable before requests are submitted for board approval.
- Build post-project audits, summarizing project returns and leveraging that information when analyzing future investments.
- Monitor Capex against forecast, budget, and prior year, tracking variance from benchmarks, and revising forecasts with latest Capex expectations.
- Align capital budgeting, forecasting, and variance analysis with company P&L timeline.
- Partner with budget owners to build strategic capital plans, preparing realistic long-range plans for board presentations, while working with budget owners to reduce excess expense.
- Seek out opportunities to improve capital planning processes, increasing process efficiency, accuracy, and completeness, and building repeatable systems.
- Partner with the Fixed Asset Accounting team to develop depreciation schedules aligned with Capex budgets and forecasts.
Knowledge&Experience:
- Bachelor's degree in Accounting, Finance, or other quantitative discipline, along with a minimum of 3 years of relevant experience in a Finance or Accounting role.
- Proven experience in finance or accounting roles, preferably within retail or consumer goods.
- Proven track record of delivering actionable insights, managing budgets, and supporting senior leadership.
- Strong knowledge of financial reporting, budgeting, and forecasting along with financial modeling.
- Proficient in financial analysis and variance analysis.
- Knowledge of ROI analysis methods, including DCF, IRR, and payback period.
- Experience preparing monthly, quarterly, and annual financial reports.
- Proficient with Microsoft Office products including Word, Excel, PowerPoint, and Outlook, with a strong willingness to advance your Excel knowledge and skills.
- Demonstrated ability to build effective cross-functional relationships and partner with individuals at all seniority levels across the organization.
- Able to cope with change under pressure and work within deadlines.
- Able to take direction from senior management and execute tasks efficiently and within agreed upon timelines.
- Able to work independently and with a strong sense of urgency while maintaining attention to detail and accuracy in all deliverables.
- Good communication and presentation skills, with the ability to concisely articulate financial information to colleagues with the guidance and support of the Financial Planning Manager.
- Ability to translate financial concepts and information to non-financial partners and stakeholders.
- Ability to adapt and proactively navigate in a dynamic, fast-paced environment.
- Ability to anticipate challenges and future scenarios, take initiative to implement solutions, achieve goals, and positively influence the business.
- Comfortable with challenging leaders in a professional and effective way, when it is needed.
- Demonstrate a growth mindset, actively seeking feedback and opportunities to learn, adapt and improve.
EeoStatement: Barnes & Noble is an equal opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to age, race, color, ancestry, national origin, citizenship status, military or veteran status, religion, creed, disability, sex, sexual orientation, marital status, medical condition as defined by applicable law, genetic information, gender, gender identity, gender expression, hairstyle, pregnancy, childbirth and related medical conditions, reproductive health decisions, or any other characteristic protected by applicable federal, state, or local laws and ordinances.