Senior Financial Analyst, ThirdLove
$95-105k
+ Equity
Inclusive bra and underwear brand
Job no longer available
Inclusive bra and underwear brand
101-200 employees
Job no longer available
$95-105k
+ 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
- 5+ years of progressive financial analysis experience in prior analytical roles (i.e. finance, investment banking, consulting etc.)
- Bachelor’s Degree in Finance, Business, Economics or related analytical field is required
- Advanced skills in Excel & PowerPoint; experience with NetSuite and Looker is preferred
- Highly analytical, with strong attention to detail and ability to synthesize complex financial information into actionable and impactful recommendations
- Strong business acumen with ability to identify problems, propose solutions, and independently partner with key stakeholders to implement solutions
- Effective communicator with ability to communicate with all levels of organization and present to senior management
- Self-starter and team player who can work both independently and collaboratively with others cross-functionally
- Curious and innovative individual with a positive attitude and hands-on mentality
- Ability to thrive in a fast-paced, start-up environment; ability to multitask and manage multiple priorities
- Related industry experience in ecommerce or retail is preferred
What the job involves
- As the Senior Financial Analyst, you will build the foundation for all planning processes and analytics related to sales and gross margin. You will play a key role in optimizing the cost drivers and identifying opportunities for operational efficiencies and cost-savings that will shape ThirdLove’s growth and profitability
- You will collaborate with cross-functional leaders in developing and monitoring budgets/forecasts, as well as provide analytical support to drive decision making
- This is a role with a lot of white space to make a difference. You are excited about leveraging analytics to drive change and improvement. You work well in a dynamic environment and are focused on continuous improvement
- Develop budget and own the reforecast process with cross-functional stakeholders
- Manage communication with key stakeholders to align on company initiatives and to ensure budgets/forecasts are in line with overall business goals and objectives
- Monitor actuals compared to budgets/forecasts, perform variance analysis, and identify opportunities for improvement
- Prepare monthly management reports for senior management and present key findings, risks, and opportunities
- Identify and implement opportunities to optimize and improve budgeting/forecasting processes and reporting
- Identify and monitor operational KPIs for key businesses; identify risks and opportunities to optimize
- Prepare KPI reporting for senior management and key department leaders
- Align communication on key KPIs across organization
- Lead regular business reviews with key department leaders and communicate financial results, key trends and insights, and assess current and future business risks and opportunities
- Develop and present meaningful financial reporting and KPIs that will directly influence day-to-day operational decisions
- Provide analytical support to cross-functional teams to drive decision making on initiatives and strategies
- Build and maintain financial models to evaluate business scenarios, including scenario planning across P&L, Balance Sheet, and Cash Flow, financial ratio analysis, ROI and cost/benefit analysis for investment opportunities, and sensitivity analysis
- Evaluate new business opportunities through unit economics and margin analysis
- 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
- Create supporting financial materials for investor relations and board decks
- Various other tasks and duties as assigned or needed
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.
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