Forecast Analyst Job Description

Forecast Analyst Job Description

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Forecast analyst provides ad hoc analysis in Excel and in GCRM BI (Group Sales information system) to support sales decision making.

Forecast Analyst Duties & Responsibilities

To write an effective forecast analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included forecast analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Recommend style and color forecasts (material level) to Merchandising and Sales by analyzing historical trends
Work closely with Sales Account Executives & Planners, Replenishment Forecasters to assure updated & accurate information is available which will help build style/color level demand forecast
Provide accurate and complete sales analysis
Analyze customer modular sales to gauge effectiveness
Utilize system reports/queries in SAP Business Objects to improve decision making and provide visibility for continuous improvement opportunities
Develop, create and utilize system reports/queries in SAP Business Warehouse (BW) to improve decision making and provide visibility for continuous improvement opportunities
Prepare monthly inventory roll using spreadsheet format incorporating current ship forecast, receipt plan from Planning and Retail open to buy
Based on global product line forecast prepare detailed forecast at style/color level for Sourcing to secure capacity
Develop annual ship forecast for recommendation to Finance on Financial Plan by converting demand to ship goals and establishing monthly seasonality
Provide team with special reporting as required 5 Yr Plan, monthly demand for high volume/multiple delivery product lines, color blank requirements, forecast accuracy (forecast vs purchase follow up)

Forecast Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Forecast Analyst

List any licenses or certifications required by the position: CPIM, APICS, IBF, CPF, CIRM, CFF

Education for Forecast Analyst

Typically a job would require a certain level of education.

Employers hiring for the forecast analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Statistics, Finance, Economics, Mathematics, Engineering, Education, Accounting, Math, Supply Chain Management

Skills for Forecast Analyst

Desired skills for forecast analyst include:

Continuous Improvement
Financial analysis
PowerPoint
Sales
Excel
Word
Group Benefits
Group Retirement Services
Microsoft Excel
Call center operations

Desired experience for forecast analyst includes:

Must be a team player and motivate other team members to participate in activities and projects as required
Ability to simultaneously engage in multiple tasks and/or projects while adhering to internal / external deadlines
Knowledge of Hyperion, Essbase and information management systems such as E-Rooms is preferred
Must have the ability to communicate effectively and tactfully with persons on all levels, in person, via email and on the telephone
Manage the relationship between the Regional Offices, nine territories and Home Office to produce the RP&A, Overhead, P&L, BS and Cash Flow submissions to Corporate
Send out monthly RP&A, Overhead and Cash Flow assumption templates to the nine territories/ Regional Offices

Forecast Analyst Examples

1

Forecast Analyst Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of forecast analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for forecast analyst
  • Create monthly Territory by Title Flow reports for all WB Theatrical and Not At Risk titles for nine territories
  • Coordinate with Home Office Senior Management to obtain corporate Overhead assumptions
  • Create monthly Overhead Template submissions for each territory based on assumptions gathered from territories, Regional Offices, and Home Office Senior Management
  • Create monthly P&L, Balance Sheet and Cash Flow submissions for each territory
  • Perform Not at Risk, Transfer Pricing and tax calculations for submissions
  • Provide the final monthly RP&A, Overhead and P&L reports including variance analysis to territories and Regional Offices
  • Perform special projects, including research and ad-hoc analyses for management
  • Analyze, advise and provide technical assistance in preparing budgets, forecasts and narratives
  • Review proposed financial plans for completeness, accuracy and conformance with established organizational objectives
  • Assists in creating and maintaining budgets and forecasts for multiple entities
Qualifications for forecast analyst
  • Perform complex data analysis in supporting budgeting, forecasting and financial reporting
  • Prepare supporting schedules and documentation as requested by internal and external auditors
  • Excellent multi-tasking and ability to work independently
  • Analysis of past and present financial data, applying principles of finance
  • Superb communication skills with clients, co-workers and leadership
  • Experience in a publicly traded company or a company in the process of going public is a strong plus
2

Forecast Analyst Job Description

Job Description Example
Our company is looking to fill the role of forecast analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for forecast analyst
  • Catalogue major forecasting variance issues for discussion and resolution within the assigned business segment to track and review with sales at least monthly
  • Responsible for development of the Demand Forecast, both top down & bottom up utilizing sell-thru's, statistical trend, & other data that could affect business
  • Negotiate order quantities with retailers
  • Suggest, write, and enter approved orders using various portals
  • Monitor and forecast inventory levels to minimize liabilities
  • Generate and manage metal locks to cover shipments
  • Track POS for new items
  • Create weekly reports with customer and internal portals
  • Write SSO promotional orders, as needed
  • Perform performance analysis on LE Vs
Qualifications for forecast analyst
  • BA/BS, Finance degree required
  • A four-year degree in either Math, Computer Science, Business, Statistics, or other related field
  • Working knowledge of Inforem/ AS400 replenishment system
  • Ability to internally collaborate with members in remote locations
  • Four-year degree in either Math, Computer Science, Business, or Statistics
  • Strong mathematics & pc skills
3

Forecast Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of forecast analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for forecast analyst
  • Lead demand planning efforts across multiple contact centers, update models, present key findings, recommend forecast, and gain approvals from business owners, finance
  • Lead calls with contact center management teams and/or outsource partner workforce management teams
  • Liaise with each contact center to ensure forecasts are provided based on agreed to guidelines
  • Determine and communicate monthly FTE estimates and hiring plans for internal and outsource partner centers
  • Determine monthly training requirements and plans and other off-phone activity coordination
  • Review forecasts with managers, supervisors, training, and other areas of the business
  • Measure the impact of changes in the operations by gathering and synthesizing relevant data including operational metrics, analyzing the data, and presenting findings both in verbal and written formats
  • Communicate informed conclusions and recommendations to senior leadership and operational managers that is tailored to the needs and requirements of the audience
  • Serve as a center of excellence for trusted insight and analysis to support both strategic initiatives and ad hoc business needs within GSO
  • Manage business warehouse and business objects based forecasting tools supporting the business process
Qualifications for forecast analyst
  • Four to six years related work experience required
  • Knowledge of Access, Hyperion, Essbase and information management systems such as E-Rooms is a plus
  • Understanding of retail business & replenishment needs
  • Experience working with Business Intelligence, Analytics, and Data Visualization tools, e.g, Tableau, Adobe Analytics, Omniture, Cognos, Business Objects, MicroStrategy
  • Shows self-direction and self-motivation
  • Analytical and conceptual thinking with the aptitude to understand business requirements to enable long term solutions
4

Forecast Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of forecast analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for forecast analyst
  • Compiles daily, monthly and quarterly sales and forecasting reports for management
  • Running regular meetings with Sales team to review current and future opportunities
  • Preparation of business results in close cooperation with the region’s distribution team, distribution controllers, sales directors, strategy, supply chain, and Finance
  • Maintain and develop reporting tools for Orders and Sales and other business information for EA Region
  • Support General Manager & Head of Sales Operations in preparation all quarterly forecasts, annual plan, long range plan and regular outlooks
  • Manage all technical and design related communication for the business process
  • Compile, load and analyze forecast information for global operations and participate in monthly forecast reviews
  • Use Business Objects, analytical tools and techniques to highlight data integrity issues
  • Troubleshoot and resolve issues within forecasting process
  • Simplify process for account managers & business units
Qualifications for forecast analyst
  • Extensive PC skills
  • In-depth knowledge of Workforce Management functions to influence, develop and maintain highly effective relationships with key stakeholders and to achieve cross-enterprise cooperation
  • University/college degree is an asset (preferred discipline Mathematics and Statistics)
  • At least 5-6 years of experience in demand and supply forecasting, gap management, conducting quantitative business analyses, developing customer relations and providing business analyses
  • Bachelor’s Degree required is a related field
  • Outstanding verbal and written communication, ability to present and gain consensus with a large group
5

Forecast Analyst Job Description

Job Description Example
Our growing company is looking for a forecast analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for forecast analyst
  • Collaborate on volume projections based upon sales promotion calendar, new item introductions, in-stock objectives and presentation levels
  • Delivery Budget KPI’s – Sales, Stock, Profit, Margin & Markdown
  • Manage the current weekly, monthly & quarterly portfolio of metrics
  • Provide analytical support to operation Planning and Inventory Management teams
  • Work with operations to set monthly safety stock targets/proposals using statistical models
  • Support inventory planning strategies/product stratification to help maximize Logistic and Operation effectiveness
  • Use software, analytical tools and techniques, business process knowledge and conceptual supply chain knowledge to research/analyze complex business problems and formulate solutions
  • Develop and apply knowledge in business process modeling and business analysis tools
  • Serves as the process coordinator on the STPO (Short Term Price Outlook) assisting with research and analysis related to the 120 day forecast
  • Provides global analysis on refinery downtime and turnarounds to the commercial team
Qualifications for forecast analyst
  • Outstanding decision making ability and ability to work independently
  • 5+ years capacity and resource planning experience
  • Bachelor’s degree in the areas of Computer Science, Engineering, Information Systems, Business, or equivalent field of study required
  • Minimum of 5-8 years of professional working experience in IS or equivalent business function
  • Working knowledge of GIM or Wind-chill will be plus
  • Experience of working large-scale PRMS projects or PRMS production support a plus

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