Financial Analyst, Sonos
Gross Margin
$86-107k
More information about location
Wireless audio experience company
Posted today
Wireless audio experience company
1001+ employees
Posted today
$86-107k
More information about location
1001+ employees
Company mission
To provide music lovers with the tools to enjoy their favourite sounds anywhere, any time.
Role
Who you are
- The Core FP&A team is looking for a high performer to be our lead for all things gross margin
- We are looking for someone to join our team who is highly motivated, curious and excited about reporting, data and process improvements
- The ideal candidate will be passionate about working for a company that lives its brand and delivers on its promise to create the ultimate home music experience
- Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field
- Minimum of 3 years of relevant experience in FP&A, consulting, investment banking, or a related discipline
- High attention to detail and a track record of delivering accurate work in fast-paced environments
- Strong analytical mindset and curiosity for continuous improvement
- Effective communication and collaboration skills across various stakeholder levels
- Proficiency in Excel and financial modeling
- Ability to simplify complex data into visual storytelling for stakeholders
- Integrity, humility, and a growth mindset
- Willingness to work in a hybrid model out of our Boston office
Desirable
- Experience with FP&A or accounting in a consumer-facing business (e.g., consumer electronics, retail, or DTC)
- Understanding of gross margin variance drivers (e.g., volume, mix, rate)
- Experience with financial tools such as Anaplan, SAP S/4HANA, Analytics for Office (AO), Tableau, SQL, or AI productivity tools
What the job involves
- The Core FP&A team is the central hub for financial planning and reporting at Sonos
- As financial storytellers and strategic partners, we collaborate across the organization to deliver actionable insights to senior leadership
- We design and continuously improve planning, forecasting, and reporting processes
- This role is a key contributor to our financial planning strategy and will specialize in gross margin analysis
- Serve as the subject matter expert for gross margin analysis, collaborating cross-functionally with Revenue, Supply Chain Finance, and Accounting teams to understand key drivers
- Own and prepare monthly and quarterly gross margin bridges, including YoY, QoQ, and actuals vs. forecast
- Lead the development of gross margin performance narratives for internal executive reviews and external earnings support
- Identify opportunities to enhance gross margin analysis, with a focus on process improvements and automation
- Review and support gross margin-related content in SEC filings and external documentation
- Contribute to revenue forecasting, unit assumptions, pricing analysis, and bi-weekly gross margin flash estimates
- Support additional FP&A team projects and ad hoc financial analysis as needed
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
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