Director, Commercial Finance
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 Director, Commercial Finance, will lead the Commercial Finance capability supporting Enterprise Sourcing’s Cost transformation strategy at Canada’s leading Food and Drug Retailer. The role is accountable for establishing annual value targets, maintaining an enterprise-wide view of sourcing performance, and ensuring that negotiated supplier value is accurately assessed, actively managed, and realized.
As a senior finance partner to Sourcing, Merchandising, Divisional Finance leadership, the Director will provide strategic insight and financial governance across the full value lifecycle—from target setting and deal valuation through performance tracking and value realization.
Reporting to the Sr. Director, FPA, this role will be responsible for leading a dedicated Commercial Finance team and play a critical role in supporting one of the key strategic areas of the Enterprise.
Key Accountabilities
Enterprise Target Setting and Financial Planning
- Partner with Sourcing Leadership team to develop financial building blocks to support annual, quarterly and periodic targets by BU
- Provide senior leadership with clear visibility into the timing, composition, and achievability of planned value on a periodic basis
Deal Valuation and Financial Governance
- Establish and maintain a consistent methodology for determining incremental deal value.
- Evaluate key deal assumptions, including baselines, volumes, timing, implementation profiles, mix impacts, and incremental value.
- Partner with Financial Planning & Analysis team to confirm that agreed deal value and execution commitments are reflected in financial forecasts
Performance and Value Management
- Establish reporting standards to evaluate value leakage is identified early and actively addressed
- Review actual and forecast performance against annual and periodic targets as well as against overall volume and category impacts
- Identify emerging value gaps, delivery risks, and opportunities requiring management attention.
- Provide clear and timely reporting to executive leadership on value realization, financial risks, and required interventions.
Strategic Business Partnership
- Serve as the senior Commercial Finance partner to Sourcing, Merchandising, and Divisional Finance leadership.
- Provide financial perspective and constructive challenge on sourcing strategies, supplier negotiations, and value assumptions.
- Support leadership discussions concerning supplier performance, cost gaps, category economics, and program priorities.
Team and Capability Leadership
- Lead, coach, and develop the Commercial Finance team.
- Establish clear accountabilities, operating rhythms, analytical standards, and performance expectations.
- Build scalable value-management processes, tools, scorecards, and management reporting.
- Coach the team on commercial analysis, problem solving, and stakeholder management.
- Promote strong collaboration across Commercial Finance, FP&A, Sourcing, Merchandising, and Divisional Finance.
Qualifications and Experience
- University degree in Finance, Accounting, Economics, Business, Analytics or a related discipline.
- +10 years of progressive experience in commercial finance, strategic finance, FP&A, sourcing finance, category finance, analytics or a related area.
- Demonstrated experience leading complex financial planning, target setting, and performance-management processes.
- Strong understanding of commercial value drivers, cost of goods, supplier economics, and deal valuation.
- Strong financial modelling skills in Excel, analytical, and management-reporting capabilities required.
- Experience partnering with senior executives and influencing cross-functional decisions.
- Proven people-leadership experience, including developing high-performing finance teams.
- Retail, consumer goods, sourcing, procurement, or merchandising experience is strongly preferred.
- Experience with tools such as Power BI, MicroStrategy, SAP, is an asset.
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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