About this Senior Manager, Commercial Finance (Fresh) role at Loblaw
Come make your difference in communities across Canada, where authenticity, trust and making connections is valued – as we shape the future of Canadian retail, together. Our unique position as one of the country's largest employers, coupled with our commitment to positively impact the lives of all Canadians, provides our colleagues a range of opportunities and experiences to help Canadians Live Life Well®.
At Loblaw Companies Limited, we succeed through collaboration and commitment and set a high bar for ourselves and those around us. Whether you are just starting your career, re-entering the workforce, or looking for a new job, this is where you belong.
Position Overview
The Senior Manager, Commercial Finance will lead the ongoing performance management of Enterprise Sourcing’s cost transformation Strategy at Canada’s leading Food and Drug Retailer. The role is responsible for identifying value leakage, diagnosing the drivers of variances, and coordinating cross-functional actions to support closing performance gaps.
Working closely with Sourcing, Merchandising, and Divisional Finance teams, the Senior Manager will convert supplier, category, and deal-level performance information into clear financial insights and practical corrective actions.
Reporting to the Director, Commercial Finance, this role will help support the pre-deal validations and ensure that negotiated value is sustained after deals are finalized.
Key Accountabilities
Value Performance Management
- Monitor actual and forecast sourcing value against deal commitments, periodic expectations, and annual targets.
- Assess whether value is being realized in accordance with approved deal assumptions and implementation timeline.
- Lead detailed root-cause analysis of sourcing performance variances and identify areas of value leakage on periodic basis.
- Maintain clear visibility into material performance gaps, risks, and opportunities.
- Evaluate factors including volume, mix, timing, implementation, supplier compliance, baseline changes, cost movement, and operational execution.
- Support the assessment of supplier delivery against negotiated commercial commitments.
- Identify systemic performance themes across suppliers, categories, divisions, and deal types.
- Highlight opportunities to improve cost, recover missed value, or strengthen future deal structures.
- Prepare weekly and periodic forecasts to provide a forward-looking view of expected value realization through strong collaboration and partnership with Sourcing leads.
- Prepare periodic and quarterly reporting on sourcing performance, material variances, risks, and opportunities against forecasts and budgets.
Process and Capability Development
- Improve analytical approaches, tools, and reporting used to assess value realization.
- Develop repeatable methods for leakage analysis, variance decomposition, and action tracking.
- Support consistent performance-management standards across categories and sourcing initiatives.
- Coach the team on commercial analysis, problem solving, and stakeholder management.
Qualifications and Experience
- University degree in Finance, Accounting Economics, Analytics or a related discipline.
- 5-7 years of progressive experience in commercial finance, strategic finance, FP&A, sourcing finance, category finance, analytics or a related area.
- Demonstrated experience performing complex variance analysis and translating findings into business actions.
- Experience leading cross-functional problem-solving and performance-improvement initiatives.
- Strong financial modelling skills in Excel, analytical, and management-reporting capabilities required.
- Experience with tools such as Power BI, MicroStrategy, SAP, is an asset
- Experience with building strong business partnerships and influencing cross-functional decisions.
- Experience in retail, consumer goods, sourcing, procurement, merchandising, or supply chain is preferred.
Management Reporting and Decision Support
Our commitment to Sustainability and Social Impact is an essential part of the way we do business, and we focus our attention on areas where we can have the greatest impact. Our approach to sustainability and social impact is based on three pillars – Environment, Sourcing and Community – and we are constantly looking for ways to demonstrate leadership in these important areas. Our CORE Values – Care, Ownership, Respect and Excellence – guide all our decision-making and come to life through our Blue Culture. We offer our colleagues progressive careers, comprehensive training, flexibility, and other competitive benefits – these are some of the many reasons why we are one of Canada’s Top Employers, Canada’s Best Diversity Employers, Canada’s Greenest Employers & Canada’s Top Employers for Young People.
If you are unsure whether your experience matches every requirement above, we encourage you to apply anyway. We are looking for varied perspectives which include diverse experiences that we can add to our team.
We have a long-standing focus on diversity, equity and inclusion because we know it will make our company a better place to work and shop. We are committed to creating accessible environments for our colleagues, candidates and customers. Requests for accommodation due to a disability (which may be visible or invisible, temporary or permanent) can be made at any stage of application and employment. We encourage candidates to make their accommodation needs known so that we can provide equitable opportunities.
Please Note:
Candidates who are 18 years or older are required to complete a criminal background check. Details will be provided through the application process.
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