Burlington Stores

Profit Improvement (PIC) Manager

Posted on: 12 May 2022

Burlington, NJ

Job Description

Overview

If you want an exciting job with one of the largest off-price retailers in the nation, join the Burlington Stores, Inc. team as a Profit Improvement Manager!

Position Summary:

PIC Team’s Focus:

The PIC (Profit Improvement Contribution) team drives the company-wide PIC program, designed to incentivize, and enable the identification and implementation of ideas that drive year-over-year operating margin improvement. In addition, the PIC team leads the tracking, validation, and reporting of value created through large, strategic initiatives designed to transform Burlington into an even better off-price retailer. These projects encompass our overall strategy know as Burlington 2.0.

Role in Driving the PIC Program:

The PIC manager is responsible for the successful delivery of the profit improvement goal for their assigned areas (e.g. Store Operations, Supply Chain). Works with the area leadership to establish and execute a strategy for meeting the annual PIC goal. Supports assigned areas in idea generation and vetting. Develops relationships across their assigned areas to closely monitor the development and implementation of profit improvement initiatives. Measures the year-over-year savings of all completed projects based on a deep understanding of the business impact of each project.

Relentlessly searches for opportunities to drive efficiency and productivity in assigned areas and across the company to maintain a sufficient pipeline of ideas to achieve the annual PIC goal. Assists in coordinating the annual idea development process, including facilitating cross-functional workshops with company leaders to collect ideas for potential initiatives.

Identifies profit improvement initiatives to lead and is responsible for driving these projects to completion. This can include assessing the potential opportunity of an idea, gaining leadership approval for implementation, and designing an approach for implementation.

Role in Burlington 2.0 Value Capture

The PIC manager will support the senior manager in creating and managing a process to standardize the tracking and measurement of all Burlington 2.0 initiatives. Helps to maintain a Burlington 2.0 scorecard containing a concise yet detailed view of past, current, and upcoming Burlington 2.0 initiatives.

Collaborates with partners to gather project details such as expected costs and savings impacts, KPIs, measurement approach, project status, and savings timing. Maintains updated tracking of project detail as initiatives move forward. Identifies and communicates risks and understands impacts to all areas of the company. Measures the P&L impact of all completed projects based on a deep understanding of the business impact of each project.

Tracks, validates, and analyzes initiatives in assigned areas. Supports strategic planning, implementation, and analyses of projects through meetings with partners and area leaders.

Drives personal projects to successful implementation

Works with area leaders to establish and execute a strategy for meeting the annual PIC goal.

Acts as a subject matter expert on the PIC process. Fosters and enables a continuous improvement culture across the company through active engagement of associates in process improvement initiative identification and implementation.

Scope and Impact:

Accountable for delivering an assigned portion of the PIC Team’s annual PIC goal

Accountable for the measurement and validation of the financial impact of Burlington 2.0 initiatives

Accountable for personally driving the successful implementation of profit improvement projects worth

$500K+ in profit improvement annually

Drives their areas’ idea generation and vetting process to maintain a sufficient pipeline of ideas

Supports the company’s culture of associate involvement in profit improvement

Companywide scope with interaction across all departments, functions, and levels of the organization.

Education: Bachelor’s Degree in Business, Finance or other analytical field.

Experience:

4-10 years of experience in a project management, consulting, or financial analysis roles with increasing responsibility. Experience working with multiple levels of management and in cross-functional environments. Experience organizing, managing, and implementing complex initiatives to a successful outcome. Proven ability to identify improvement opportunities. Very strong analytical skills with expert Excel experience required. Retail and corporate office work experience preferred. MBA preferred.

Skills and Abilities:

Very strong analytical and business problem solving skills

Strong understanding of business and accounting principles including cost drivers and P&L impacts

Excellent written and verbal communication with emphasis on strong inter-personal skills.

Experience with developing and implementing successful cost saving initiatives

History of identifying improvement opportunities within their area or function

Proven ability to work both independently and cross-functionally to drive projects to completion

Demonstrated leadership skills with the ability to motivate without direct supervisor role

Ability to meet deadlines and satisfy customers with multiple and conflicting priorities

Expert Excel skills. Proficient with Word and PowerPoint.

Physical Requirements:

Must be capable of sitting and operating a computer for long periods.

Must have ready access to personal transportation, as job requires driving short distances between corporate facilities on a regular basis (costs reimbursed through mileage allowance).

Burlington Stores

Burlington, NJ

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

As of February 2, 2019, it operated 661 stores under the Burlington Stores name; 2 Cohoes Fashions stores; 2 Super Baby Depot stores; 9 MJM Designer Shoes stores; and 1 online store in 45 states and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey.

 

Similar Jobs