Albertsons

Senior Manager Capital Budgeting

Posted on: 30 Mar 2021

Boise, ID

Job Description

Job Description

Albertsons Companies is at the forefront of the revolution in retail. We have a new vision: forging a retail winner that is admired for national strength with deep local roots, that offers an easy, fun, friendly and inspiring experience, no matter how a customer chooses to shop with us. We want talented individuals to be a part of this journey.

A $60Bn company with 2,200+ stores, 23 distribution centers, and 20 food and beverage plants make us one of the largest retailers in the United States. With stores in 34 states serving 34 million customers, our foundation is our 20 well-known grocery banners with an eclectic and legendary history. Across the nation, we are moving the needle through innovation.

The Supply Chain Department has an opening for a Senior Manager of Supply Chain Capital. This position will be based out of the Boise, ID corproate office.

Position Purpose:

The Sr. Manager, Supply Chain CAPEX will

* Develop and manage capital portfolio of $500 million for the Manufacturing Plants, Distribution Centers and Store Maintenance/Energy.
* Provide analytical and strategic financial support across Albertsons Supply Chain, building effective business partnerships through interaction with each business unit finance team.
* Create quarterly forecasts to reallocate unused funds and provide up-to-date information on spending commitments to senior management.
* Communicate with Engineering & Operations to ensure all savings and costs are included and all alternatives and risks of a project are considered.
* Assist in presenting strategic projects to executive leadership including the EVP of Supply Chain. Conduct capital audits of return on investments.
* Report results to senior management and build strong creditability with the Executive Committee.

Key Accountabilities:

* Develop annual CAPEX budget with Senior Leadership for review and approval by the Board of Directors.
* Oversee capital forecasting and reporting of investment performance. Provide performance updates to leadership on a quarterly basis and as requested.
* Develop and deliver clear and concise capital reporting updates for the Senior Leadership Team.
* Provide direct support for managing the capital planning, tracking and investment analysis for both Manufacturing Plants and Distribution Centers.
* Identify control gaps, partnering with Real Estate and Supply Chain Leadership and Corporate Accounting team leads to remediate findings.
* Serve as a liaison with internal and external auditors for Supply Chain Capital.
* Act as liaison with accounting to facilitate all aspects of capital spend from project execution to asset creation.
* Lead a team of one Sr. Analyst and one Dept. Specialist and ensures delivery of their annual goals and objectives. Coach and mentor associates for current position development and future career advancement.
* Design, Develop and implement process improvements

Education Level:

* Bachelor's degree with emphasis in Finance, Accounting, General Business, or related field. MBA preferred

Experience Level:

* 5+ years of related experience in capital planning, finance or related field.
* 3+ years people management experience

Skills and Experiences:

* Excellent leadership abilities, analytical, verbal, written and interpersonal skills.
* Ability to think strategically, formulate action plans to enhance investment decision making and see them through to successful completion.
* Demonstrated experience with capital management systems, allocation processes and investments.
* Excellent financial forecasting, analysis, and modeling skills.
* Strong organizational skills with the ability to track and project manage multiple projects across the organization.
* Demonstrates the highest levels of ethics and policy compliance at all levels.

Job duties and responsibilities may vary by location and employees may be assigned duties and responsibilities in addition to those listed above.

The Company is an equal opportunity employer and is committed to compliance with its obligations under all applicable state and federal laws prohibiting employment discrimination. In keeping with this commitment, it attempts to reasonably accommodate applicants and employees in accordance with the requirements of the disability discrimination laws. It also invites individuals with disabilities to participate in a good faith, interactive process to identify reasonable accommodations that can be made without imposing an undue hardship.
Disclaimer:The above statements are intended to describe the general nature and level of work being performed by associates assigned to this job classification. They are not intended to be construed as an exhaustive list of all responsibilities and skills required of personnel so classified.

Albertsons

Boise, ID

In 1939, Joe Albertson, a former Safeway district manager, took $5,000 he saved and $7,500 he borrowed from his wife’s Aunt Bertie, and partnered with L.S. Skaggs to open his first Albertsons store on 16th and State Streets in Boise, Idaho. Joe knew the keys of running a really great store, and it was all about working hard for the customers: give them the products they want, at a fair price, with lots of tender, loving care. Joe was innovative, too. He had one of the first in-store magazine racks in the country along with a scratch bakery and fresh ice cream made in-store. He worked hard, seven days a week, on his vision to build his company, and through his inspiring work ethic and tireless
determination to run the best store, the first store thrived. Just two years later, he had opened two other stores in neighboring communities and grew the fledgling company’s sales to over $1 million by the end of 1941.

Today, Albertsons operates as a banner of Albertsons Companies, one of the largest food and drug retailers in the United States. With both a strong local presence and national scale, the company operates stores across 35 states and the District of Columbia under 20 well-known banners. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2017 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people inthe areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

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