Manager Capital Budget & Real Estate Analysis Job in Hingham 02043, Massachusetts US

Talbots is a company transforming tradition, creating a modern take on timeless style — the kind of style that knows exactly where it came from and where it’s going. We’ve undergone tremendous change over the last few years, building a strong leadership team and enthusiastic brand vision, both of which have us well-positioned for future growth. We serve the fastest-growing segment of the population today — the age 35+ customer — and offer career opportunities at all levels and locations. Here, you'll enjoy a company committed to evolving and to staying current, a multichannel retailer with both the energetic atmosphere of re-imagination and loyalty to the traditions it seeks to transform. Our history, our people and our philosophy all distinguish The Talbots, Inc., from any other retailer.

As a leading international company, we strongly support an internal culture that respects all points of view, ethnicities and lifestyles. We believe a workplace that embraces individual differences also fuels creativity and innovation.

About Our Brands:

Talbots’ warm and vibrant retail vision had its beginnings in a charming white clapboard house in Hingham, Massachusetts in 1947 (still in operation) and has grown into the Talbots of today, a brand synonymous with extraordinary classics. We honor our heritage and our classic women’s apparel, shoes and accessories, bringing to them a new enthusiasm and a new vision. Our belief in “every woman, every size” means we offer these redesigned classics across several retail concepts: Talbots Misses, Petites, Woman and Woman Petite sizes.

Job Description

BASIC PURPOSE: Responsible for managing and providing support for all phases of the capital planning process, which includes budgeting, tracking, reporting, and forecasting. Responsible for facilitating the financial component of the Real Estate project approval process, which includes evaluating financial viability of potential new, expanded, relocated, contracted or closing store sites, as well as maintaining the integrity of the approval process. Requires interaction with various levels of management in all divisions throughout the company. PRINCIPAL ACCOUNTABILITIES: 1. Prepare the annual capital budget, store occupancy budget, depreciation expense budget and capital expenditures cash flow plan. Coordinate activities and timetable relative to the budget compilation process. Communicate with participants. Review drafts with senior management, up to and including CFO and CEO. 2. Oversee the capital project approval/tracking process. Review general capital requests initiated throughout the company. Also review capital project requests for all store expansion projects. Forecast capital spending on a quarterly basis or as requested, as a key component of company’s cash flow planning efforts. 3. Perform the financial analysis of new store projects, lease renewals and various ad hoc projects, partnering with the Real Estate Department. Ensure that all proposals are evaluated consistently and accurately. Key participant in Real Estate Committee meetings regarding the financial component of the Real Estate decision. Periodically update financial model to reflect current Talbots/economic trends. Participate in real estate tracking process. 4. Track and report new store sales and profitability performance, identifying and reporting meaningful trends to senior management as necessary. 5. Perform lease versus buy analyses; provide recommendations on best use of funds. 6. Maintain square footage, store count and all associated schedules and reports, such as forecasts and quarterly financial book schedules, in addition to various requested analysis. 7. Prepare and review long range plans. Develop long-range financial forecasts as requested by senior management. 8. Periodically recalculate company’s weighted average cost of capital (WACC) to ensure that most current composition of stakeholders’ interests is properly reflected when establishing corporate ROI hurdle rates. INTERNAL AND EXTERNAL RELATIONSHIPS: Frequent contact with Real Estate, Construction, Store Planning, and Store Location Research managers, directors and senior executives. Extensive contact with all levels of management company-wide regarding budgeting, planning and analysis. Requirements: KNOWLEDGE AND EXPERIENCE: Requires a Bachelor’s Degree and seven to ten years of related experience. Excellent analytical, communication, writing and organizational skills are necessary. Strong financial modeling skills are required. MBA preferred. SPECIAL SKILLS: Knowledge of the principles of capital budgeting, including cash flow and rates of return. Must be comfortable with the application of various discounted cash flow (DCF) methods, including the intricacies and nuances of NPV, IRR, and Profitability Index approaches to DCF modeling. Extremely strong financial modeling skills required. Must have expertise to modify models as needed to address peculiarities and limitations of certain projects.

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