Controller, Parachute Home
$200-215k
+ Bonus
M-Th in office
4+ days a week in office
Online store for home essentials
Be an early applicant
Online store for home essentials
101-200 employees
Be an early applicant
$200-215k
+ Bonus
M-Th in office
4+ days a week in office
101-200 employees
Company mission
To bring more comfort to their customers' world through premium, accessible essentials.
Role
Who you are
- Bachelor’s degree in accounting, Finance, or related field; CPA or CMA preferred
- 10+ years of experience in accounting/finance, with at least 3 years in a leadership role
- Experience in Consumer-Packaged Goods (CPG) required; DTC and inventory industry experience strongly preferred
- Proven knowledge of inventory accounting and cost management
- 3-5 years senior experience in NetSuite is required for this role
- Strong understanding of GAAP and financial reporting standards
- Advanced Excel and financial modeling skills
- Ability to work cross-functionally and communicate effectively with non-financial teams
- Detail-oriented, analytical, and comfortable working in a fast-paced, growth-oriented environment
What the job involves
- Parachute Home is hiring for a Controller in Los Angeles, CA headquarters to lead the next round of growth
- This hands-on Controller has strong experience with direct-to-consumer (DTC) and consumer goods businesses, brings expertise in inventory accounting, and thrives in a cross-functional environment
- This role requires a detail-oriented leader who can manage the close process, produce accurate and timely financial reporting, rolling 13-week cash flow forecasts and provide insights to drive strategic decisions
- Month-End Close: Lead and execute all aspects of monthly, quarterly, and year-end close, ensuring accuracy and compliance with GAAP
- Inventory Accounting: Build and reimagine end-to-end inventory accounting & forecasting including reconciliations, costing, reserves, and controls
- Cash Flow Management & manage day-to-day Bank relationships: Own, update, and manage a 13-week rolling cash flow forecast; monitor liquidity and working capital. Provide sensitivity analysis
- Variance Analysis: Review monthly budget vs. actual variance reports, investigate discrepancies, and provide recommendations to leadership
- Ad Hoc Financial Analysis: Partner with management & FP&A team member to deliver scenario models, profitability analysis, and decision-support reporting
- Internal Controls & Compliance: Develop, maintain, and document policies and procedures to strengthen internal controls
- Audit & Tax Support: Coordinate with external auditors and tax advisors to support annual audits, tax filings, and compliance requirements
- Cross-Functional Collaboration: Work closely with operations, merchandising, supply chain, and marketing teams to ensure alignment of financial reporting with business activities
- Systems & Process Improvement: Optimize accounting systems, ERP processes, and department workflows to improve efficiency and scalability. Help ensure accuracy in data and reporting across the organization
- Team Leadership: Oversee and mentor small accounting team, ensuring accuracy, timeliness, and professional development
Our take
Parachute provides responsibly manufactured modern home and bedding products. The company found a mid-range niche in the home goods sector that previously only offered high-end or budget options and has proven popular with consumers looking for quality goods that are not mass-produced. Its capitalizing on a trend of emerging specialist direct-to-consumer brands that began with companies like Warby Parker and Harry's.
Initially based purely online, Parachute has since launched several physical retail shops to attract new customers and boost its image. Its product range has focused on natural fibers and items made with manufacturing processes that don't use chemicals. Explicitly tailored towards the modern consumer, its direct-to-consumer model has been driven primarily by strong social media campaigns with influencers.
Competitors such as Casper also offer modern home products, but Parachute has captured the luxury sheets market by becoming a lifestyle brand. Alongside a hotel line it created for use in boutique stays, the company recently teamed up with Target to launch a 200+ piece collection, making its signature style more accessible without losing the premium feel.
Freddie
Company Specialist at Welcome to the Jungle
Insights
46% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Jun 2018
$30m
SERIES C
May 2016
$4.8m
SERIES A
Total funding: $44.9m
Company HQ
Hayden Tract, Culver City, CA
Leadership
Ariel Kaye
(Founder & CEO)After a Master's at The New School, they worked in Account Planning at Digitas for almost 3 years. They left in February 2013 to found Parachute.
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