Over 20 years of experience in Finance and HR with various Fortune 500 companies (Target Corp., National Car Rental, and Best Buy). Primary focus on Executive Compensation, Retail store evaluations (ROIC and EVA) and designing of incentive plans to achieve strategic goals.
Associate Director - Executive Compensation @ • Responsible for Best Buy’s executive compensation program for all officers including job evaluation, compensation recommendations, retention design, and severance. From December 2015 to Present (1 month) United StatesSr. HR Manager - Executive Compensation @ • Manage Best Buy’s executive compensation program, including compensation recommendations and Officer recruitment and retention design.
• Manage the Long-Term Incentive Plan for 2,000+ employees
• Help draft Compensation Committee Board materials and support Officer Pay philosophy and practices
• Manage the Deferred Compensation Plan for highly compensated employees
• Manage Employee Stock Purchase Plan and Employee Discount that is available to 140,000+ employees From April 2013 to November 2015 (2 years 8 months) United StatesSenior Manager, Retirement & Wealth Strategy @ Responsible for the design, delivery, and evaluation of wealth programs and policies that reinforces the business and talent strategies:
• Best Buy's Retirement (401k)
• Deferred Compensation
• Employee Stock Purchase Plan (ESPP).
Work proactively with HR partners, business leaders to develop employee value proposition that attracts, motivates, and retains talent. Actively partner with internal and external advisors including legal, finance, tax, audit, and other professionals to manage programs to comply with legal and IRS regulations.
Focus on educating employees the value proposition of these programs and drive participation across all employee segments.
Evaluate the effectiveness of retirement and Wealth programs and be responsible for process efficiencies of Retirement and Wealth programs. From January 2010 to April 2013 (3 years 4 months) Finance Manager - Decision Support for HR, Finance, Legal, and Executive Capability Groups @ •Develop long range planning, forecasting, monthly performance management and communication of financial results to senior leadership
•Partner with HR Rewards team to develop and manage an $800MM portfolio of employee benefits and rewards including executive compensation for the total Enterprise
•Measure the effectiveness of total portfolio versus stated objectives and determine the return on investment
•Advise on decisions to invest/divest related to short term incentives, equity based compensation, employee medical and dental insurance, broad based profit sharing plan, 401K and ESPP
•Lead incentive target setting for long term and short term incentive plans and provide communication related to performance and incentive targets to the Compensation Committee of the Board of Directors
•Managed a team of 3+ Financial Analysts From March 2007 to January 2010 (2 years 11 months) Finance Manager - Customer Growth and Innovation @ •Developed a financial roadmap for future growth of the customer segments for corporate and store leadership
•Created a multi-year customer segment business model to drive EVA improvement based on customer business plan
•Supported business teams in driving outcomes by providing customer segment targets for lab and segmented stores
•Supported lab stores by teaching business acumen, encouraging innovation work and reviewing value propositions performances
•Enhanced reporting and analysis to drive results by teaching Customer Centric Cycles and by creating tools to measure value propositions From July 2004 to March 2007 (2 years 9 months) Finance Manager - Customer Centricity @ •Developed first ever class EVA/ROIC analysis within a store model to help launch Best Buy’s Customer Centricity initiative
•Modified and implemented numerous modifications to the daily CC P&L and resolved issues
•Created the Bundle P&L model which allowed the stores the ability to perform sensitivity analysis and improve ROIC
•Conducted numerous training sessions and teach outs on the P&L for numerous teams
•Provided analysis and recommendation on the move from the current daily P&L methodology to transaction level EVA methodology for upper management From June 2003 to July 2004 (1 year 2 months) Manager of Financial Planning & Analysis @ •Accurately forecasted Enterprise EPS three consecutive quarters
•Significantly streamlined the sensitivity process from 2 days to less than an hour
•Reduced the days to issue the forecasting package from 27 to 19 days
•Met with Business Units on a regular basis to challenge and identify risks and opportunities
•Initiated scorecarding process by Business Unit to measure accuracy of each forecast From June 2003 to June 2003 (1 month) Manager of EVA Reporting & Analysis @ •Calculated budgets, targets and actuals by district, region and division. Determined annual Marketing budgets and monthly actuals by product class
•Ensured accurate publication of Brick and Mortar and Retail EVA payouts for all Best Buy employees
•Trained employees on how to use EVA tools and drivers at both store and corporate level
•Created vendor analysis tool and sensitivity model to drive stockholder value.
•Provided ad hoc EVA analysis to Senior Management
•Incorporated ABC/ABM drivers in EVA product/class calculations
•Managed a team of 3 Financial Analysts
•Promoted from Senior Financial Analyst to Manager in 2001 From January 2000 to June 2002 (2 years 6 months) Financial Analyst @ •Analyzed over $1.4 billion in revenue to determine contribution to fixed expenses
•Designed and calculated sales incentive and rankings every quarter. Distributed over $1.3 million in incentives in 1998
•Created and maintained Profit & Loss models used by a 200+ sales staff. Guided the sales team in implementing the most profitable business solutions. Trained U.S., Canadian and Alamo sales staff on the models
•Developed, analyzed, compiled and distributed nine daily Sales Update reports for National Car Rental and Alamo to upper management
•Performed ad hoc analysis such as insurance benchmarking, One-way revenue, Refueling, Frequent Flyer usage and Revenue and Contribution comparison
•Forecasted for new and high profile accounts From 1997 to 2000 (3 years) Financial Planning Specialist @ •Completed the annual ROI/EVA for 789 stores that generate over $17 billion in revenue Developed analysis and reporting in the EVA evaluation of region and market performance Helped evaluate and compare market EVA performance and understand areas of opportunity
•Provided technical expertise for major functions within the Finance department
•Provided financial information from mainframe databases through FOCUS, Access, Excel, and other end-user tools
•Responsible for weekly and monthly analysis and reporting of P&L flash, New Store Tracking reports and Mature Sales report From December 1996 to October 1997 (11 months)
MBA, Finance @ Northwest Missouri State University From 1991 to 1993 B.S., Business @ North Dakota State University From 1986 to 1990 Mateen Ali is skilled in: Performance Management, Forecasting, Strategy, Business Planning, Analysis, Management, Strategic Planning