What are the responsibilities and job description for the Statistical Forecast Analyst position at Conair LLC?
About Us:
Conair LLC is one of the largest, most successful, and well-recognized consumer products companies in the world. Over the past 60 plus years Conair has evolved into a global company selling personal care products, kitchen appliances, cookware, and professional beauty appliances under more than 25 brand names in over 120 countries with revenues exceeding $2.5 billion.
Position Summary:
The Statistical Forecast Analyst is responsible for developing and maintaining accurate demand forecasts to support business operations. This role will be the subject matter expert, IBP super user on statistical forecasting, leveraging statistical analysis, data insights, and collaborative inputs to create reliable forecasts that align with company objectives. The Analyst will work closely with cross-functional teams, including Demand planning, Sales, Marketing, Finance, and Supply Chain, to gather data, reconcile variances, and continuously improve forecasting accuracy and processes.
This position will play a key role in leading monthly statistical forecast discussions, ensuring best practices in statistical forecasting, and driving continuous improvement initiatives.
Responsibilities:
Demand Forecasting:
- Develop and maintain demand forecasts at multiple levels of aggregation and for various time horizons.
- Utilize statistical models and business intelligence to create accurate forecasts.
- Review historical sales trends, customer point of sale information, analyze demand drivers, and evaluate forecast results.
Collaboration and Coordination:
- Lead monthly dialogues with Demand Planning teams to refine forecasts.
- Work with Demand Planning, Sales, Marketing, and Finance teams to incorporate business insights into forecasts.
- Reconcile significant forecast variances and refine models based on updated assumptions.
Data Analysis and Reporting:
- Generate reports on forecast accuracy at different time periods and recommend the best forecast by SKU and customer.
- Track key metrics, analyze trends, and provide actionable recommendations.
- Evaluate sales performance, inventory levels, and production speed to enhance forecasting processes.
- Review and update product segmentation, ABC-XYZ classifications.
Process Improvement:
- Identify opportunities for workflow improvements and implement best practices in forecasting.
- Maintain and update product lifecycle data, including new product introduction/ like product mapping, phase-in/phase-out SKUs, product discontinuations and delisting of SKUs at the customer level.
- Ensure proper utilization and maintenance of the IBP Demand Planning software and other forecasting tools.
- Ensure disaggregation logic is accurate at granular levels and adjust as needed.
Other Duties:
- Follow internal controls and company policies.
- Lead or assist with additional projects and tasks as needed.
Qualifications:
- Bachelor’s degree in business; Statistics, Economics, Finance, Mathematics, Engineering, or a related field preferred.
- Minimum 3-5 years of experience in statistical forecasting, CPG preferred
- Strong analytical skills with expertise in statistical forecasting methods.
- Experience with ERP systems, such as SAP.
- Proficiency in Microsoft Excel; familiarity with advanced technical applications and data tools is a plus.
- Fundamental knowledge of Supply Chain principles, including demand and supply planning, inventory management, and manufacturing.
- Ability to analyze and interpret complex data to inform decision-making.
- Strong organizational and time management abilities.
- Exceptional communication skills with the ability to present insights effectively to diverse audiences.
- Self-motivated, proactive, and adaptable to a dynamic work environment.
Preferred Skills:
- Experience with AI-based forecasting methods.
- Prior exposure to IBP Demand Planning software or similar tools.
- Attention to detail and accuracy
- Problem-solving and critical-thinking skills
- Collaborative mindset with a consensus-driven approach
- Adaptability to evolving priorities and business needs
Environmental Factors:
- Working conditions are normal for an office environment.
- Must be able to sit for extended periods of time
- Must be able to use a computer keyboard and view a monitor for extended periods of time
- Must be able to travel domestically and internationally for business (% if needed)
- We currently operate on a hybrid schedule; candidate must be willing to come into the Stamford, CT office 3x a week.
What we offer:
- Comprehensive Medical/Dental/Vision plans
- Generous Paid Time Off Programs
- Life & Disability Insurance
- FSA/HRA/Dependent Care FSA
- Paid Parental Leave Policy
- 401k and company match
- EAP & Employee Wellness Programs
- Volunteer Days Paid Time Off
- Free Lunch at the Stamford location
Are you passionate about this opportunity but worried that you don’t have 100% of the experience we’re looking for? We still want to hear from you! Apply online and let us know why you would make a great addition to Conair!
