Financial Analyst

Costco IT is responsible for the technical future of Costco Wholesale, the third largest retailer in the world with wholesale operations in fourteen countries. Despite our size and explosive international expansion, we continue to provide a family, employee centric atmosphere in which our employees thrive and succeed. As proof, Costco ranks eighth in Forbes “World’s Best Employers”.

This is an environment unlike anything in the high-tech world and the secret of Costco’s success is its culture. The value Costco puts on its employees is well documented in articles from a variety of publishers including Bloomberg and Forbes. Our employees and our members come FIRST. Costco is well known for its generosity and community service and has won many awards for its philanthropy. The company joins with its employees to take an active role in volunteering by sponsoring many opportunities to help others.

Come join the Costco Wholesale IT family. Costco IT is a dynamic, fast-paced environment, working through exciting transformation efforts. We are building the next generation retail environment where you will be surrounded by dedicated and highly professional employees.

Financial Analysts develop, interpret, and implement financial concepts for financial planning and control; perform technical analysis to determine present and future financial performance; build analytical models to explain business questions and results; own the forecasting/actuals process; and gather, analyze, prepare, and summarize recommendations for financial plans, acquisition activity, trended future requirements, and operating forecasts.

This position is for the Financial Planning and Analysis (FP&A) team, which is central to all financial planning and analytics for the Costco IT Global business. The FP&A team is a highly collaborative work environment. This position offers an opportunity to partner with teams across Costco and will be focused on providing financial analysis for processes such as budgeting and forecasting.

A successful candidate will be strategic, analytical, and have an ability to effectively manage the financial responsibilities of a large IT business. This candidate will have strong business judgment, and a proven ability to take effective, independent action to improve the business’ overall performance.

The Financial Analyst role will include working closely with senior leadership to provide strategic guidance and decision support. This position will have an emphasis on forecasting, analyzing current performance, and conducting prospective economic analysis of in-flight and proposed programs and services. The initial focus of the role will be to own the forecasting/actuals process and regular reviews for programs, as well as continued support to PM and management functions.

If you want to be a part of one of the worldwide BEST companies “to work for”, simply apply and let your career be reimagined.

ROLE

• Analyzes, compiles, interprets, and presents data for budgeting and reporting.
• Leads financial analyses and establishes financial processes and procedures that support the Costco IT organization.
• Documents developments in the fields of business and finance, and implements best practice strategies.
• Develops, recommends, and enhances current modeling, forecasting, and reporting methods, to drive informed business decisions.
• Develops financial tools, provides analysis, and modeling to aid in Global and Enterprise decision making.
• Creates and delivers reports to management on a periodic and yearly basis with cost analysis and fiscal allocations against budget plans and actuals.
• Facilitates the development of the IT Divisional budget that includes capital and expense, and non-controllables.
• Analyzes the performance of budgets, P.O.s, and actuals, and presents areas to focus on for cost savings.
• Coordinates, leads, and participates in cross-functional teams to measure and improve the IT delivered value.
• Validates and ensures financial data and work products are complete and accurate.
• Constructs clear and effective communications, and communicates financial information with various internal audiences and levels.
• Delivers strategic guidance and decision support to team members and leaders.
• Identifies opportunities for streamlining and increasing effectiveness through continuous process improvement.
• Identifies and resolves problems often anticipating issues before they occur or before they grow; develops and evaluates options and implements solutions.
• Analyzes project investments for new and existing projects.
• Maintains a working knowledge of Costco IT project lifecycle and processes.
• Coordinates with IT Purchasing and IT Contract Management teams when necessary.
• Analyzes current performance and conducts prospective economic analysis of in-flight and proposed programs and services.
• Leads Ad Hoc financial analysis.
• Leads and participates as the key finance stakeholder in cross-functional teams.
• Manages the reporting on financial metrics.
• Plans long and short-term financial planning for the IT department.
• Coordinates across teams to measure and improve the IT delivered value.
• Establishes financial processes and procedures that support the Costco IS organization.
• Provides analysis on the performance of budgets, P.O.s, actuals; presents areas to focus on for cost savings.
• Coordinates with IT Purchasing and Contract Management when necessary.
• Supports consolidation efforts for all planning activities, inclusive of monthly reporting and forecasting, annual budgeting, and long-range planning.
• Builds analytical models to explain business questions and results; validates analyses by collaborating with IT and business partners; packages and delivers results to key stakeholders.
• Develops financial tools; and provides analysis and modeling to aid in Global and enterprise-level decision making.
• Recommends, develops, and enhances current modeling, forecasting, and reporting methods to drive informed business decisions.
  
  

Required

• 5 years’ experience working in a technology organization/department; and possess a proficient knowledge of broad application development methods and associated processes.
• Ability to communicate complex financial information to a variety of audiences.
• Works independently with minimal supervision and resolves practical problems.
• Capable of using a variety of financial tools for data extraction and queries.
• Experience in mentoring, negotiation, and team-building skills.
• Ability to manage large datasets.
• In-depth finance knowledge (P&L, Balance Sheet, & Cash Flow) and comfort with standard accounting methods.
• Knowledgeable in general accounting rules and processes (i.e. accounts payable, etc.)
• Maintains confidentiality due to working with sensitive company information/data.
• Fosters successful relationships with people at all management levels.
• Strong interpersonal skills, communication skills (both oral and written), and presentation skills.
• Proven history of making deadlines within budgets, delivering successful quality product(s).
• Extremely responsive, with a strong sense of urgency, well organized, self-motivated, and proactive.
• Prioritizes and works multiple projects simultaneously.
• Proficient in business productivity tools (Excel, Google Spreadsheets, databases, etc.)
• Possesses quantitative aptitude.
  
  

Recommended

• Bachelor's degree in Accounting, Finance or Economics, or equivalent experience in related fields.
• Proficient in knowledge of SAP, ServiceNow, HFM. Journal Entry processes a plus.
  
  

Required Documents

• Cover Letter
• Resume
  
  

California applicants, please click here to review the Costco Applicant Privacy Notice.

Pay Ranges

Level 2 - $ 85,000 - $110,000

Level 3 - $ 105,000 - $130,000

We offer a comprehensive package of benefits including paid time off, health benefits - medical/dental/vision/hearing aid/pharmacy/behavioral health/employee assistance, health care reimbursement account, dependent care assistance plan, short-term disability and long-term disability insurance, AD&D insurance, life insurance, 401(k), stock purchase plan to eligible employees.

Costco is committed to a diverse and inclusive workplace. Costco is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to IT-Recruiting@costco.com

If hired, you will be required to provide proof of authorization to work in the United States. Applicants and employees for this position will not be sponsored for work authorization, including, but not limited to H1-B visas.