FP&A Manager, Bombas
$110-130k
+ Equity
3-5 days a week in office
Comfort-focused apparel brand & clothing donation
Posted today
Comfort-focused apparel brand & clothing donation
201-500 employees
Posted today
$110-130k
+ Equity
3-5 days a week in office
201-500 employees
Company mission
Bomba's mission since day one has been to help those experiencing homelessness. That’s why for every item purchased, it donates an item of clothing.
Role
Who you are
- The ideal candidate has 5+ years of relevant finance/accounting/FP&A work experience
- The candidate should be detail-oriented and adept at multitasking in a fast-paced environment
- Ability to consistently follow-through, multi-task, effectively balance priorities, and meet tight deadlines
- Proficiency in accounting principles and financial analysis
- Excitement about creating and improving upon excel-based financial models
- Excellent organizational abilities
- Great time management
- Self-starter with impeccable attention to detail
- Strong analytical, communication, collaboration, and interpersonal skills
- A team player who is willing and happy to help
- Belief in our mission and understand the importance of giving-back
- Comfortable staying focused while working in any type of environment, especially in an open office setting
- 5+ years experience in FP&A, corporate finance, or related analytical role
- Highly proficient and experienced with Microsoft Office, especially Excel
- Prior FP&A experience preferred (inventory/cogs experience a plus)
- Experience with or the ability to quickly learn and master the Google Suite (Google Drive, Google Slides, Google Sheets)
What the job involves
- We are looking for a valued team player to join our team as our FP&A Manager, reporting directly to our Sr. Director of FP&A
- This is an opportunity to learn the ins and outs of Bombas while becoming deeply involved in our budgeting, forecasting, and reporting processes as they become our resident expert on ops and margins
- Owning many areas as a member of a small team, the candidate will support monthly reporting and the quarterly forecasting process, as well as provide assistance in ad hoc projects around product margin analysis
- Forecast and report on total Company product costs totaling $80M+ at both the category and sub-category level
- Forecast and report on inbound freight and duties across all channels
- Forecast and report on warehouse costs and outbound shipping totaling a combined $55M+ on an annualized basis. Communicate key variances to plan affecting margins, outbound shipping and warehouse expenses
- Work closely with our Ops team to prepare the COGS, Ops, and margin forecasts
- Lead the Third Party/Offprice and Donation P&Ls, developing forecasts by working closely with the Ops team on timing and product mix
- Prepare the Balance Sheet forecast, including timing of inventory purchases to support the product plan and impacts to cash
- Work closely with the Accounting and Ops teams on monthly variance analysis
- Ad hoc and scenario analyses, including developing product-specific P&Ls and margins
Our take
Bombas is a direct-to-consumer apparel brand with a social mission. For every item sold, it donates another to a homeless shelter or service in NYC and beyond. The founders discovered that socks were the most requested item at homeless shelters, and it became the original inspiration for the business. To date, the company has donated over 50 million items to various charities.
This philanthropic angle gives Bombas the edge in a crowded clothing market, as consumers hunt for mission-driven products, a trend that is already well in motion. Bombas received B Corporation certification for its commitment to helping those in need, the way it treats employees, volunteer work it undertakes, and how it makes decisions as a company.
While Bombas originally became known as a sock brand, it has since expanded into several new categories, and now offers socks, underwear, T-shirts and slippers. The company generates over $100 million in revenue, capitalizing on direct-to-consumer trends that have seen other mission-led apparel brands like Toms and Warby Parker reach unicorn status in recent years.
Bombas is now expanding to new markets and recently launched in the UK. It kicked off its launch by collaborating with St. Mungo’s, a non-profit that helps people without housing.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-6% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Mar 2021
$150m
LATE VC
Dec 2015
$3m
SERIES A
Total funding: $153.2m
Company benefits
- 100% Employer-Paid Healthcare
- Annual Bonus
- 401K Matching
- Unlimited Vacation
- Hive Hangouts
- Health & Wellness Reimbursement
- Educational Assistance
- Company Retreats
- Community Events
- Company Equity
- Dog-Friendly Office
- Pre-Tax Commuter Benefits
Company HQ
Midtown Manhattan, New York, NY
Leadership
David Heath
(CEO & Co-Founder)Worked for over 4 years at UrbanDaddy, as Director of Business Development/Membership Opportunities Group. At VIBE for over 2 years, leaving as Automotive Editor. VP and Co-Founder of Regalis Foods. President and Founder of Talking Owls.
Randy Goldberg
(Chief Brand Officer & Co-Founder)Worked at UrbanDaddy for 7 years, progressing to Editorial and Creative Director. Freelance Brand Consultant for 9 years.
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