Treasury Analyst, II

Be part of an amazing story.

Macy's is more than just a store. We're a story. One that's captured the hearts and minds of America for more than 160 years. A story about innovations and traditions...about inspiring stores and irresistible products...about the excitement of the Macy's 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We've been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work.

Job Overview

The Treasury Analyst II will be the primary finance resource for Macy’s Inc’s. pension and retirement plans. The Analyst II will be responsible for monitoring investment managers’ performance and the expenses associated with both the pension and retirement plans. Analyst II will be the primary communication between the company and external resources. Analyst II will also work both internally with the Benefits Team, Accounting Team, Internal Audit, and the Tax Department. While most of the time will be spent on retirement plans, the Analyst II will have exposure to the entire Treasury ecosystem, including capital markets and corporate finance support functions.

What You Will Do

• Monitor the performance of investment managers within the company's qualified retirement plans, including preparing flash estimates for the pension plan, and compute monthly returns for the non-qualified deferred compensation plan versus relevant benchmarks.

• Perform quarterly investment manager control.

• Manage expenses charged to all retirement plans, including oversight of payment by the custodian, and communicate with the auditor and the Internal Audit, Tax, and Benefits departments regarding those expenses.

• Perform a lookback analysis on the retirement plans' illiquid assets, including Real Estate and Private Equity investments.

• Assist leadership in forecasting the Expected Return on Assets of the pension, and track and reconcile performance versus forecast.

• Oversee retirement plan cash transfers, including capital calls and distributions for private equity and real estate funds, and maintain signatory lists for authorized officers.

• Serve as the go-to contact for third-party liaisons, including the Outsourced Chief Investment Officer, investment managers, actuary, auditors, and other consultants.

• Work with the Senior Director of Treasury on retirement plan strategic projects, including building presentations for senior leadership.

• Support quarterly Pension and Profit Sharing Committee meetings by managing scheduling and distributing materials ahead of time, and assist in preparing Board of Directors updates, including the annual Investment Management update.

• Act as the primary point of contact for external CPA and financial auditors, gathering and submitting requested PBC (Provided by Client) items.

• Support the cash management team in setting the daily cash position, including initiating funds transfers and reporting bank account balances and transactions for the general ledger.

• Work with Senior, Treasury to manage debt payments and covenant tracking/reporting, and assist with cash flow forecasts, serving as back-up for the direct cash flow forecast.

• Ensure retirement plan tasks are completed in a timely and thorough manner.

• Ensure regular, dependable attendance and punctuality.

• Foster an environment of acceptance and respect that strengthens relationships and ensures authentic connections with colleagues, customers, and communities.

• In addition to the essential duties mentioned above, other duties may be assigned.

Skills You Will Need

Retirement Plan & Investment Oversight - Knowledge of qualified and non-qualified retirement plans, including monitoring investment manager performance against benchmarks, managing plan expenses, and analyzing illiquid assets such as Real Estate and Private Equity.

Financial Analysis & Forecasting - Skilled in forecasting the Expected Return on Assets of the pension, reconciling performance versus forecast, and supporting cash flow forecasts, including direct cash flow forecasting.

Treasury & Cash Management Support - Able to support daily cash positioning, funds transfers, bank balance and general ledger reporting, debt payments, and covenant tracking and reporting.

Third-Party & Stakeholder Communication - Effective as the primary communication conduit with external parties such as the Outsourced Chief Investment Officer, investment managers, actuary, custodian, auditors, and consultants, as well as internal Audit, Tax, and Benefits partners.

Communication & Executive Presentation - Practices open and continuous communication and presents information in a clear, concise manner, including building presentations for senior leadership, committees, and the Board of Directors.

Leadership, Facilitation & Interpersonal Skills - Able to work across functional lines and at many levels of the organization, and to facilitate committee meetings and materials.

Strategic & Technical Thinking - Able to think creatively, strategically, and technically.

Flexibility - Able to work a flexible schedule based on department and Company needs.

Who You Are

• Candidates with a bachelor's degree or equivalent work experience in a related field are encouraged to apply. 2-4 years of relevant experience in Finance, Accounting, Treasury, or Audit.

• This role involves performing essential job functions such as communication, collaboration, and use of office and computer systems. Responsibilities include the ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.

• Able to work a flexible schedule based on department and company needs.

What We Can Offer You

Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities.

Some additional benefits we offer include:

• Merchandise discounts

• Performance-based incentives

• Annual merit review

• Employee Assistance Program with mental health counseling and legal/financial advice

• Tuition reimbursement

About Us

This is a great time to join Macy's! Whether you're helping a customer find the perfect gift, streamlining operations in one of our distribution centers, enhancing our online shopping experience, buying in-style and on-trend merchandise to outfit our customers, or designing a balloon for the Thanksgiving Day Parade, we offer unique opportunities to be part of some of the most memorable moments in people's lives.

Join us and help write the next chapter in our story - apply today!

This job description is not all-inclusive. Macy's, Inc. reserves the right to amend this job description at any time. Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.

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