Job Details

Real Estate Internship

Location NEW YORK , New York , United States
Category Operations
Job Opened May 19th, 2020
Job Number 200001X0
Job Type Temporary

job description

Who We Are:

HBC is a diversified global retailer, focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings.


Founded in 1670, HBC is the oldest company in North America. Our portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.


Our leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium’s only department store group Galeria INNO.


We have significant investments in real estate joint ventures. HBC has partnered with Simon Property Group Inc. in the HBC Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, HBC has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.


A truly global corporate citizen, HBC is committed to responsible business practices to bring about positive change, and we work hard to shape a sustainable future for people and the planet. Our philanthropic initiatives help create healthy families, strong communities, and sport excellence in the cities and countries in which we operate around the world, while striving to create innovative programs and resources that provide flexibility for work-life balance in order to maintain a positive working environment.


What This Position Is All About:


The Merchant Development Program is designed to train and develop individuals to oversee the execution of product based on corporate vision and direction from our Merchant team. While working directly with Merchants, Planners, and Store Managers, our program builds cross-functional expertise and allows time for skill development and adjustment to the company culture. Finance participants will learn how the Finance Center of Excellence supports the merchant function within Hudson’s Bay Company. Individuals will learn directly from our leaders through a combination of classroom instruction and on-the-job experience. The program will aid Individuals in building a customer-centric assortment; identify what products will be bought and sold for what price to the Hudson's Bay customer. They will ensure the financial performance of the merchandise in the department by optimizing assortment placement and quantifications in alignment with the Hudson's Bay Merchandising vision. Successful finance participants will be considered for an Analyst, FP&A role within the Finance Center of Excellence upon completion of the Merchant Development Program.  

Who You Are:

  • Excellent analytical skills. 
  • Internship experience in related field and/or experience in retail preferred. 
  • Proven leadership abilities, including professional business ethics, assertiveness and self-motivation. 
  • Excellent written and oral communication skills. 
  • Highly flexible and adaptable. 
  • Ability to prioritize multiple projects and tasks to achieve productivity and business goals. 
  • Must be assertive, willing to take risks, and goal oriented, with a strong analytical and innovative mindset. 
  • Proficiency in Microsoft Excel, Word and PowerPoint a must.

You Also Have:

  • Bachelor’s Degree from an accredited university in Business Management, Finance or Accounting. 
  • Must be a 4th year student at time of application in a 4 year Bachelor’s Degree Program or a recent graduate and available to work full-time in 2019. 
  • Strong interest and ability in financial analysis. 

As The Finance Trainee Program In Collaboration with The Merchant Development Program, You Will:

  • Partner with buyers and planners in managing a profitable business in a fast paced, deadline driven, detail oriented environment with the objective of increasing sales and earnings for the company. 
  • Assist with in-season management by actively monitoring Automatic Replenishment, Buyer Managed Inventory and Central Stock. 
  • Learn how to set financial targets and forecast overall department Sales, GM and Inventory Turns that fit the brand identity. 
  • Assist buyers and planners with financial performance management, inventory management and merchandise distribution. 
  • Conceptualize and work with team to execute on advertising and marketing strategies. 
  • Assist in vendor negotiations.
  • Learn Expense Analysis (review allocation of expenses, research variances and ad hoc analysis as needed). 
  • Support work for consolidation of financials during month end close/forecast/semiannual planning.
  • Meet with Finance Center of Excellence partners regularly to learn how merchant financial performance affects overall company performance.

How Often You May Travel:

  • NA

Your Life and Career at HBC:

  • Be part of a world-class team; work with an adventurous spirit; think and act like an owner- operator!
  • Exposure to rewarding career advancement opportunities, from retail to supply chain, to digital or corporate.
  • A culture that promotes a healthy, fulfilling work/life balance.
  • Benefits package for all eligible full-time employees (including medical, vision and dental).
  • An amazing employee discount.
  • Dynamic Juniors working towards a BA/BS with a GPA of 3.0 or higher
  • Proven leadership ability through participation in organizations and clubs
  • Strong analytical and organizational skills
  • Excellent interpersonal and communication skills
  • Ability to promote teamwork and collaboration

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