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Vendor Income Expert

Employer
Target
Location
Minneapolis, Minnesota
Start date
Feb 21, 2024
Closing date
Feb 29, 2024

View more

Category
Retail / Wholesale
Employment Status
Full Time
Description: The pay range is $54,800.00 - $98,600.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

A role within Business Partnerships & Negotiations (BP&N) means supporting Merchandising in developing the best possible deals for Target through strategic partnerships and vendor negotiations. In Vendor Income Operations, you'll work with merchants and vendors on contract terms and to set strategies that get the maximum value for Target. Use your analytics expertise and strategic thinking to position Target and its vendors for the most productive and successful partnerships.

Vendor Income is a critical component of margin results, profitability, and promotional effectiveness. The Vendor Income Expert is responsible for leading the development and implementation of Target's Vendor Income process and strategy, customized to a business category. As a Vendor Income Expert, you will facilitate funding agreements with Target merchants and vendors and execute the Vendor Income strategy. You will be accountable to delivering financial results and delivering on best practices. The Vendor Income Expert is a key business consultant to Divisional Merchandise Managers (DMMs), Merchants, BP&N Leads, Finance/Merchandise Finance (MFA), and vendors. In this role, you will report to the Senior Manager, Vendor Income Operations, and support the Dry and Dairy/Frozen divisions.

Some additional duties and responsibilities include leading the development of best practices for vendor income strategy and processes for total Target, while applying business acumen and insight to identify gaps and customize for a defined business category (division +). You will develop a deep understanding of and influence merchant business strategies, objectives, and outcomes. You will synthesize best practices with deep business context, financial analytics, and negotiation expertise to drive vendor-specific solutions. Cross-functional partnership is critical in this role; some of your key cross-functional partners include merchants and finance/accounting partners (including US and Global teams). Your strong partnership will drive accountability to vendor income strategies and the execution of those strategies. You will leverage strong critical thinking and communication skills to support, implement, and train best practices within the vendor income process. You will be responsible for proactively identifying risks and opportunities while escalating and recommending solutions and action plans to merchants, as necessary. With the authority to approve vendor income agreements on behalf of Target, you will engage with vendors to deliver financial results and drive accountability to best practices with merchants and vendors. Applying business knowledge while documenting critical vendor income agreement details within the contractual system will be a crucial part of your role.

Core responsibilities are described within this job description. Job duties may change at any time due to business needs.

About you:
• Four-year degree or equivalent work experience
• 1-3 years of relevant experience (in merchandising or analytics preferred)

• Strong analytical, project management and organizational skills
• Demonstrated ability to independently create and execute strategic plans and priorities with accuracy and attention to detail

• Strong change management skills

• Ability to synthesize complex data and apply intuition and experience to draw implications
• Strong interpersonal skills and ability to maximize relationships
• Excellent internal and external communication, influencing, and leadership skills

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target's needs. A Hybrid/Flex for Your Day work arrangement means the team member's core role will need to be performed both onsite at the Headquarter location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be

performed outside of the country of the primary work location, unless otherwise prescribed by Target.

Americans with Disabilities Act (ADA)

Target will provide reasonable accommodations with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Supply Chain Facility or reach out to Guest Services at 1-800-440-0680 for additional information.

Qualifications:

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