Sr Manager, Promotion Optimization

Company: Ulta Beauty
Location: Bolingbrook
Posted on: May 10, 2022

Job Description:

OVERVIEWExperience professional empowerment. With over 1,200 stores throughout the U.S., designs to expand internationally, and a thriving E-Commerce platform, Ulta Beauty provides its merchandise associates the bandwidth needed to set new trends, identify potential, and take calculated risks. For professionals with an adventurous spirit who thrive in a collaborative context, who are energized by ambiguity and problem-solving, who want to experience the results of their efforts, and who are inspired by the recognition of superior performance-we encourage you to make all of it your own. Discover the possibilities of Ulta Beauty. And experience greater heights of professional success & personal satisfaction.THE IMPACT YOU CAN HAVE:The Senior Manager of Promotion Optimization will oversee the implementation of the software, process, procedure and building a core competency while ensuring successful integration and acceptance of Promotion Advisor promotion optimization tool within the organization. The candidate is responsible for providing expertise on the promotions analytical approach, developing/updating learnings, and guidelines on promo effectiveness and from time to time maybe asked to use expertise to initiate promotion test plans based on effectiveness learnings and offer expertise as an advisor to the user group. The role will assist in enabling dynamic pricing initiatives that result in more effective and profitable promotions. CORE JOB RESPONSIBILITIES:Promotional Tool Implementation During FY 2022:

• Drives development and ensures successful implementation and on going support of Promotion Optimization effectiveness tool
• Responsible for driving change management, training and adoption of new tool and processes
• Ensures strong on-going communication on progress and challenges during the development phase and as capabilities and categories are deployedPromotional Strategy & Planning:
  • Provides Planning & Optimization expertise on the promotions analytical approach, guidelines and best practices and innovates the approach as business needs and capabilities evolve
  • Drive collaboration and partners with Merchandising & Strategy teams to develop plans that align with sales and profit goals and delivers end-to-end financial results. Recommends actions based on historical performance and what if scenario results. Partner to develop short and medium range plans while ensuring alignment to annual or long range plans
  • Responsible for promotional optimization software application & process inclusive of future improvements and efficiencies while engaging all business leaders and partners in the vision
  • Working with key partners creates promotional test plans based on promo effectiveness analysis and guidelines; monitors performance and refines process based on learnings
  • Deliver promotional analytical insights at an enterprise level, risks and opportunities with specific actions to take to key stakeholders on an on-going basis ensuring full visibility to assumptions, modeling and scenarios
  • Consistently reviews competitive landscape and category trends and translate insights into actionable recommendations and shares with organizatioOperations:
    • Trains and is SME for the merchandising team and partners on promotional guidelines and use of the Promotion Advisor system
    • Creates a strong continuous improvement environment that consistently improves on performance and communication for on-going success and opportunitiesADDITIONAL CANDIDATE CHARACTERISTICS:
      • Proven problem solver with excellent analytical skills.
      • Strong collaborator who enjoys working in a dynamic, cross-functional setting.
      • Has demonstrated ability to proactively identify and mitigate risks.
      • Creates a positive uplifting work environment in-line with Ulta's core values.
      • Provides honest and constructive feedback.
      • Position is not remote THE ESSENTIALS FOR SUCCESS:
        • Undergraduate degree in Business or Marketing, MBA a plus
        • 8+ years of retail merchandising experience, with min 3 years time spent managing promotion management /promotion optimization team in corporate environment with a deep understanding of promotion optimization discipline/tool and willingness to engage hands on
        • Deep understanding of promotional concepts (baseline & incremental sales & margin measurement, basket / traffic metrics, vendor funding), price optimization/ analytical tools and methodologies
        • Experience leading large projects; consulting experience a plus
        • Demonstrated ability to create and execute to strategic plans and priorities
        • A Leader and Self-starter with demonstrated initiative and problem solving skills with the willingness to learn and drive change in a fast paced retail environment
        • Minimal travel for conferences and occasional store visitsDESIRED SKILLS & EXPERIENCE:
          • Deep understanding of Promotion Optimization/Promotion Management discipline
          • Experience managing pricing zones and offer personalization
          • Experience as Pricing analyst or proven proficiency in that role
          • Ability to synthesizes complex or diverse information and collect appropriate primary data when necessary while using intuition and experience to draw implications
          • Ability to use data and other facts to objectively influence and persuade
          • Excellent oral and written communication skills; ability to effectively communicate to small and larger audiences
          • MS office including Power point word & Excel ABOUTAt Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest North American beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. We bring possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty's own private label. Ulta Beauty also offers a full-service salon in every store featuring-hair, skin, brow, and make-up services.We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.

Keywords: Ulta Beauty, Bolingbrook , Sr Manager, Promotion Optimization, Executive , Bolingbrook, Illinois