Finance Manager, Oura
Supply Chain
$108-157k
+ Equity Packages
3+ days a week in office
Health monitoring smart ring
Be an early applicant
Health monitoring smart ring
501-1000 employees
Be an early applicant
$108-157k
+ Equity Packages
3+ days a week in office
501-1000 employees
Company mission
Oura's mission is to make health a daily practice.
Role
Who you are
- 8+ years of relevant finance experience, FP&A experience is a plus
- 3+ years building and/or operating a supply chain FP&A function
- Experience partnering with planning teams to assess inventory and cash health; S&OP experience is a plus
- Experience managing capital investments related to plants, machinery, and other supply chain infrastructure
- Ability to operate at all levels, with an eye on the strategic big picture, while able to be hands-on when needed
- Experience influencing executive level decision-makers and presenting to people at all levels of the organization with varying levels of financial literacy
- Financial experience including general knowledge of US GAAP accounting principles and accrual accounting, full P&L familiarity, and fluency across many different revenue accounting scenarios
- Strong proficiency in Excel/Google Sheets, experience working with data visualization tools (eg. Tableau) preferred
- Strong proficiency working in ERP systems (Netsuite preferred)
- Desire to succeed in an innovative and entrepreneurial environment: intellectual curiosity, proactive self-starter attitude, and high integrity
What the job involves
- The FP&A team at Oura plays an important part in delivering our company mission
- We are a highly visible function responsible for delivering mission-critical analytics and insights to leadership and key stakeholders
- To further our impact, we are looking for a Manager to join our global FP&A team
- This role will report to the Senior Manager of Operations FP&A and will partner across all Supply Chain functions
- You will lead the oversight of investments in supply chain infrastructure and the management of working capital, independently driving these initiatives from inception to completion
- You will shape strategic narratives for internal and external stakeholders, contributing significantly to overall team and organizational goals
- Partner closely with executive leadership; including the Chief Financial Officer, Chief Supply Chain Officer, Chief Operating Officer and other senior stakeholders, to drive capital allocation strategy within the supply chain
- Develop and implement a robust working capital forecasting model to manage the business strategy and provide regular reports and insights; This includes setting optimal inventory targets to strategically balance cash conversion cycle with demand needs
- Collaborate closely with supply chain partners to optimize Sales & Operations Planning (S&OP) processes and improve cash conversion cycle
- Identify, assess, and mitigate financial risks associated with inventory liabilities, including excess and obsolete (E&O) inventory
- Oversee and manage capital investments related to plants, machinery, and other supply chain infrastructure
- Analyze and manage payment terms with suppliers to ensure favorable conditions and optimize cash flow
- Partner with Finance Systems teams to create tools and reports that allow for more streamlined forecasting, accurate reporting, and better insight; contribute to system enhancements or new system implementations
- Partner with cost and inventory accounting to ensure all reporting processes are GAAP compliant and working as anticipated
Our take
As smart watches with health and wellbeing monitoring functions are now an everyday norm, Oura is offering similar wearable technology with its series of rings. It’s one of a number of companies gaining serious traction in the market, along with the likes of Circular and Movano.
The company gained an early profile after its collaboration with Gucci which created mainstream publicity and may have given it a leg up on the competition. With the smart ring market forecast to keep growing, Oura certainly finds itself in a promising position as it moves to build out its operations and refine the product.
The bottom line for Oura will be customer satisfaction and demand, which does make its mixed reviews so far a little troubling. That said, the announcement of its new "Circles" social feature, on top of an integration with InsideTracker and acquisition of "wave to pay" company Proxy, all look set to increase the functionality of the ring and could well win more consumers over.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
9% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Dec 2024
$125m
SERIES D
Nov 2024
$75m
SERIES D
Total funding: $354.6m
Company benefits
- Beautiful workspaces in San Francisco by Pier 31, Oulu and Helsinki (Finland)
- Amazing culture of collaborative and passionate coworkers
- Wellness benefits
- An Oura Ring of your own
- Personal learning & development budget of 750 USD/EUR
- Unlimited course offerings from Coursera
- Five (5) total days of work time to devote to employee development training
- Equity
- Health, dental, and vision insurance
- 20 days of PTO
Company HQ
Linnanmaa, Oulu
Leadership
Tom Hale
(CEO, Not Founder)Seasoned senior board member and advisor at multiple high growth companies including Cars.com, Volara, and HomeAway.
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