Financial Planning & Analysis Manager, Tonal
$155-168k
+ Equity
Electromagnetic home gym
Job no longer available
Electromagnetic home gym
501-1000 employees
Job no longer available
$155-168k
+ Equity
501-1000 employees
Company mission
To help people look, feel, and be the strongest and fittest versions of themselves.
Role
Who you are
- 3-5 years experience in FP&A / Corporate Finance
- Expertise in MS Excel, financial modelling, and financial systems (ideally in Netsuite and Adaptive Planning)
- Strong results-oriented self-starter able to accurately manage high levels of detail through ambiguous scenarios
- Highly organized with a successful track record of managing projects, systems, and processes
- Excellent communication and collaboration skills with an ability to influence collaboratively at all organizational levels
- Experience in preparing financial reports that present findings and recommendations to stakeholders which are clear, concise and insightful
- Proficient with Google Suite
What the job involves
- As the Manager of FP&A, you will support the company with forecasting, modeling, and reporting; providing fact-based decision recommendations and establishing a high-quality financial planning and analysis framework
- You will join a small, focused team that owns the end-to-end financial processes and is highly cross-functional across all departments
- This role reports to the Sr. Director, FP&A with a high level of autonomy and opportunity to have a large impact from day one
- Build and maintain forecast models highlighting major assumptions, risks, and opportunities; providing analysis around actuals vs forecasts and budgets
- Support monthly close process through close partnership with the accounting team
- Enhance, standardize, and complete the company’s budgeting, planning, forecasting, and month-end reporting processes
- Assist the business in establishing and managing its financial targets, taking into consideration risks and opportunities, and proper allocation of revenue, expense, and capital to ensure the achievement of strategic goals
- Analyze company business drivers and provide insights to optimize performance and achieve business goals
- Develop reporting and variance analysis comparisons against budget and forecast
- Facilitate preparation of the budgets and forecasts in collaboration with the CFO and other executive leaders
- Prepare month end packages and variance analysis, highlighting risks and opportunities
Our take
Tonal has created a proprietary digital weight system and combined this with coaching to offer a personalised and smart home gym. Its wall-mounted system uses electromagnetism to control the weights, replacing bulky and hard-to-store weightlifting equipment with a slim and sleek machine.
As well as selling the machines, Tonal sells subscriptions to personal training sessions and workout routines. The fitness landscape is shifting toward at-home equipment other similar equipment is supplied by Peloton and Mirror.
Tonal has seen impressive growth, investing equity funding into content initiatives, high-profile partnerships, scaling operations, and strong celebrity endorsements. It remains to be seen, however, if the current trend of home-workout equipment will stick around, let alone gain new momentum, but Tonal's cleverly designed equipment gives it an edge over competitors.
Steph
Company Specialist at Welcome to the Jungle
Insights
-38% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Apr 2023
$130m
LATE VC
Mar 2021
$250m
SERIES E
Total funding: $580m
Company benefits
- We look at the whole picture to give you a competitive salary, top-tier benefits, and lifestyle perks
- Working for Tonal includes a top-quality health care package, commuter benefits, support for new parents, and more
- Your well-being is important to us. Take time off when you need it with flexible vacation days
- Enjoy weekly catered team lunches at our San Francisco headquarters, plus a kitchen full of healthy (and not-so-healthy) snacks
- At Tonal we encourage a fun and inclusive atmosphere. We make the time to socialize at office happy hours, team offsites, and special company-wide events
- Fitness is our thing. Use Tonal in the office whenever it fits your schedule. Partner workouts are always welcome
- From day one you’ll get set up with your own personal laptop, headphones, standing desk, and whatever else you need to do your best work
- Treat yourself! When you’re part of Team Tonal you get discounts on everything from Gear Shop apparel to your very own Tonal
Company HQ
SoMa, San Francisco, CA
Leadership
Aly Orady
(Founder, Board Member & Advisor)They started their career at Hewlett-Packard’s Computer Systems Laboratory designing super-computers, followed by technical leadership roles at a series of startups, including Kealia, Inc. (now Sun/Oracle). Served as the company's CEO from 2015 before transitioning into their current role in April 2023.
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