Director FP&A, Financial Products & Services

Job Id: R0000388823

The pay range is $131,000.00 - $236,000.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

A role in Financial Planning & Analysis (FP&A) means belonging to a great team of genuine, diverse, courageous, and versatile people who put integrity and ethics at the heart of everything they do. Together, you’ll drive outstanding financial results by enabling and accelerating Target’s strategic execution. You’ll nurture influential partnerships with leaders who value your credibility, thanks to the quality and reliability of your insights. To teams across Target, you’ll bring your skills for analytical rigor, creative problem-solving and sound decision-making. You’ll be an active contributor to cross-functional teams. You’ll rise to the challenge of the dynamic retail industry, bringing innovative solutions that have a direct impact on financial and operational direction-setting, merchandising and capital investments and how to best use our resources. All your good work will help elevate and maintain Target as one of the world’s most recognized and best-loved retail brands.

Financial Products and Services (FP&S) supports three main business lines, including Circle Card operations and associated profit share, bankcard expense management and interchange fees, and prepaid (i.e. gift card) operations. This dynamic business is seeing continued change, including the rebrand of our store card from Red Card to Circle Card, and a stronger tie-in to Loyalty, as well as continued banking regulation changes impacting the cost to accept payments at Target, and the evolving strategy around gift cards. As a director in FP&A supporting this space, not only will you be responsible for forecasting and driving day-to-day business results, you will also be tasked with helping shape the future of a large source of income for Target.

As the Director, Financial Products and Services (FP&S) FP&A, you will:

• Lead the Financial Products and Services FP&A team, including directing and prioritizing work, providing growth opportunities, and coaching and developing in-role and for broader career goals, while providing real-time, actionable feedback
• Provide timely and value-added financial analysis and visibility into financial performance for partner groups, including strategic planning, capital investment decisions, and reporting
• Evolve and improve financial routines and processes with business partners, including establishing Monthly Business Review forum, creating all-in business line P&Ls, and automating self-service financial reporting
• Be a strategic thought partner to business leaders, to help drive Circle Card’s long-term strategy, driven by business case development and scenario planning
• Lead annual Goal and long-range planning processes for FP&S, including resource plans and admin budgeting, in partnership with Loyalty and Merchandising partners
• Utilize and develop processes and financial models to accurately guide business and human capital investment decisions
• Lead the development of budgeting processes for all FP&S expense centers
• Partner with both FP&S and Loyalty to deliver improved performance in the Circle Card portfolio across the short- and long-term horizon
• Core responsibilities of this job are described within this job description. Job duties may change at any time due to business needs. 

About you:  

• Four-year degree preferably in Finance or Accounting , or equivalent experience
• Minimum of ten years of Finance experience, FP&A preferred
• Minimum of five years of experience hiring, leading, and developing teams including a demonstrated ability to set and execute a clear direction for your team
• Excellent interpersonal and communication skills and demonstrated ability to work with and influence others, including all levels of management
• Ability to work in ambiguity and drive strategic business cases
• Ability to work independently with a high level of initiative and self-motivation
• Strong analytical, conceptual, and problem-solving skills
• MBA/CPA/MA preferred

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target’s needs. A Hybrid/Flex for Your Day work arrangement means the team member’s core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_F

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com.