Director of Financial Planning and Analysis, ThirdLove
+ Equity
Inclusive bra and underwear brand
Open for applications
Inclusive bra and underwear brand
101-200 employees
Open for applications
+ Equity
101-200 employees
Company mission
To empower women to feel confident in their day-to-day lives by providing them with great-fitting and comfortable underwear and bras.
Role
Who you are
- We are seeking a highly skilled and experienced Director of Financial Planning and Analysis to lead our financial planning and analysis function
- The ideal candidate will be a strategic thinker with excellent analytical abilities and a strong understanding of financial principles
- Bachelor's degree in finance, accounting, business administration, or a related field; MBA or advanced degree is preferred
- Minimum of 10+ years of experience in Finance/FP&A or highly analytical roles (e.g. management consulting, investment banking), with progressively increasing levels of responsibility and leadership
- Excellent analytical and problem-solving skills with advanced proficiency in financial modeling and analysis; ability to translate complex financial data into actionable insights for non-financial stakeholders
- Excellent communication and presentation skills, with the ability to effectively interact with senior executives and external stakeholders
- Proven leadership skills, including the ability to motivate and develop high-performing teams
- Strategic thinker with a track record of driving results and implementing process improvements
- Prior experience in the DTC/retail industry
- Proficiency in financial software and ERP systems; advanced Excel skills required
What the job involves
- The Director of FP&A will work with both the VP of Finance and Sr. Director of FP&A, to drive financial performance, support decision-making processes, and provide insights to senior management and key stakeholders
- Lead the financial planning and analysis function, including budgeting, forecasting, financial modeling, and variance analysis
- Partner with the executive team and cross-functional leadership to develop strategic financial plans and initiatives that support the company's growth objectives
- Provide financial guidance and insights to support business decisions, including investments, promotion and pricing strategies, and cost optimization efforts, driving both short-term and long term strategic financial objectives
- Manage total company financial plans including detailed sales plans and cash flow forecast; own scenario analysis/planning to identify risks and opportunities and drive decision making
- Monthly Close - Collaborate closely with Accounting on month-end close processes, including accrual and accounting estimates input/review. Review financial statement accuracy and identify/analyze key variances to budget/forecast
- Support Investor Relations & Compliance reporting
- Develop supporting financial materials for investors and board decks
- Prepare periodic debt compliance reporting and analysis
- Prepare and present financial reports and analyses, highlighting key performance metrics, trends, and areas of concern
- Develop and maintain strong relationships with cross-functional teams, to ensure alignment and collaboration on financial initiatives and decision making
- Monitor and optimize financial performance for new channels including Stores, Amazon, and Wholesale; balance and prioritize investments and resources
- Drive continuous improvement in financial processes and systems to enhance efficiency, accuracy, and scalability
- Monitor industry and market trends to assess potential impacts on the company's financial performance and recommend appropriate actions
- Lead, mentor, and drive efficiency in a team, providing guidance, coaching, and professional development opportunities
- Create a culture of FP&A excellence where the function is viewed as a strategic partner on financial matters, providing guidance to and support decision making for all functions across the company
Our take
Many women know the discomfort of an ill-fitting bra, or the awkwardness of a bra-measuring session. To help with this, startup lingerie brand ThirdLove are doing things differently - by snubbing traditional sizing.
ThirdLove instead offers more than 80 bra sizes, including half-cups, to cater for women of any size or shape. In addition to building the brand to an impressive valuation, ThirdLove has a social mission and has donated millions of dollars worth of bras to multiple charitable organizations.
The company remains a challenger to established apparel brands such as Victoria’s Secret, while also facing competition from other industry challengers including True&Co, Brayola and Lively. A move to sell a portion of its range through Amazon's marketplace should bring in additional customers for the brand and give it a boost in this competitive market.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Feb 2019
$55m
SERIES B
Feb 2018
$55m
SERIES B
Total funding: $123.6m
Company benefits
- Medical/Dental/Vision insurance
- Paid parental leave
- Flex time off
- Discounted and free products
Company HQ
Financial District, San Francisco, CA
Leadership
Heidi Zak
(Co-Founder & CEO)Heidi worked at Bank of America and McKinsey for a combined 5 years before taking an MBA at MIT. She then spent 3 years at Aeropostale and 2 at Google before leaving to co-found ThirdLove in July 2012.
David Spector
(Co-Founder & Chair)After an MBA at MIT, David spent over 2 years in Management at Google, prior to working as an Investor and Partner at Sequoia Capital. He co-founded ThirdLove with Heidi in July 2012, and has served as President since.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 1 more job at ThirdLove