Senior Financial Analyst, Sonos
Operations Finance
$86-107k
+ Discretionary bonuses
More information about location
2-3 days a week in office
Wireless audio experience company
Be an early applicant
Wireless audio experience company
1001+ employees
Be an early applicant
$86-107k
+ Discretionary bonuses
More information about location
2-3 days a week in office
1001+ employees
Company mission
To provide music lovers with the tools to enjoy their favourite sounds anywhere, any time.
Role
Who you are
- Minimum of 3 years of general ledger and/or inventory accounting experience (a combination of public accounting and industry experience is preferred)
- Bachelor’s degree in Accounting, Finance, Economics, or a related field
- Experience working with large ERP systems (SAP experience preferred)
Desirable
- Strong understanding of inventory accounting principles
- Advanced Excel proficiency
- Proven experience in project management and process improvement
- Ability to work effectively in a dynamic, fast-paced environment
- Familiarity or interest in automation tools (e.g., Alteryx) and data visualization tools (e.g., Tableau)
- Excellent interpersonal and communication skills
- Strong sense of ownership and accountability
- High attention to detail and accuracy
- Demonstrated integrity and professionalism
What the job involves
- As a Senior Analyst on the Operations Finance team, you will play a key role in forecasting, reporting, and analyzing gross margin performance. This includes ownership of all inventory-related accounts and cost of goods sold (COGS) transactions
- In addition to owning month-end reporting for designated areas, this position will serve as a trusted business partner to our supply chain organization and collaborate cross-functionally to support business planning and strategic decision-making
- Nvolvement in the quarterly forecasting process, KPI tracking and business case support is also required
- This position requires a deep understanding of GAAP accounting principles, clear communication with key partners across multiple geographies, attention to detail, and a process improvement and efficiency mindset
- This position reports to the Manager, Finance Operations
- Maintain and reconcile accurate inventory accounts and COGS-related records on a monthly basis
- Perform monthly, quarterly, and annual variance analysis; document and explain variances with relevant stakeholders
- Prepare inventory-related provisions in compliance with SOX controls
- Identify, propose, and implement inventory process improvements, particularly within SAP
- Analyze purchase price variances (PPV)
- Support system implementations and upgrades through design input, testing, and go-live activities
- Participate in ad-hoc and scheduled inventory counts; oversee the cycle count program as needed
- Contribute to quarterly and annual financial forecasts in partnership with the Operations Finance team
- Collaborate with cross-functional teams on initiatives impacting inventory and corporate accounting
- Develop and maintain internal policies, standard operating procedures (SOPs), and documentation
- Assist with onboarding and mentoring of new team members
- Monitor and help implement new accounting standards as applicable
- Ensure proper execution and documentation of SOX controls related to inventory and COGS
- Participate in or lead ad hoc projects to support key business partners
Our take
Sonos is a highly reputed global manufacturer of top tier speakers. Since being founded in 2002 it has become a market leading audio product brand, partnering with over 100 music services companies and putting products in nearly 11 million households worldwide.
Sonos' strong brand reputation has seen it carve out space in a competitive market alongside giants like Amazon and Alphabet, who are similarly targeting the connected audio home market. Sonos have perhaps been smart in keeping their product selection relatively modest, focusing instead on strategic partnerships that embed their products across different markets. They are, for example, partnered with Audi to provide their first in-car sound system.
As companies began adopting remote and hybrid work, Sonos benefitted from a period of increased consumer focus on refitting the leisure and work facilities of their homes. This includes speakers and smart speakers, which account for the vast majority of Sonos revenue. This trend is only set to continue, with the global home audio market expected to exceed $70 billion by 2030. As a market leader, Sonos is in good stead to continue its sustained growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
0% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Nov 2013
$25m
LATE VC
Jun 2012
$135m
SERIES F
Total funding: $227m
Company benefits
- Free premium memberships
- Work from home opportunities
- Medical/dental/vision insurance
- 401(k)
Company HQ
Lower State, Santa Barbara, CA
Leadership
Patrick Spence
(CEO)Previous Senior VP and Managing Director at BlackBerry.
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 2 more jobs at Sonos