Controller, ThirdLove
$150-200k
+ Equity
Inclusive bra and underwear brand
Open for applications
Inclusive bra and underwear brand
101-200 employees
Open for applications
$150-200k
+ Equity
101-200 employees
Company mission
To empower women to feel confident in their day-to-day lives by providing them with great-fitting and comfortable underwear and bras.
Role
Who you are
- The ideal candidate will have strong leadership abilities, an in-depth understanding of financial operations in a DTC company, and experience
- Bachelor’s Degree with concentration in Accounting, Finance, or related fields
- Certified Public Accountant (CPA) strongly preferred
- Minimum 10+ years of progressive experience in accounting, with at least 5 years in a manager/leadership role; previous experience in a Controller role preferred
- A track record of progressively increasing management responsibilities including building and growing a team and developing leaders from within the organization
- Experience with ecommerce/retail, consumer goods and inventory highly desirable
- Strong knowledge and technical expertise in US GAAP accounting, with ability to manage accounting treatments for any accounting policy changes
- Experience managing external audit processes and external partners including auditors, tax firms, bankers, and lenders
- Advanced proficiency in financial software (NetSuite strongly preferred, Bill.com), Microsoft Excel, Word, and PowerPoint; BI tool (Looker) experience preferred
- Excellent organizational, analytical, and problem-solving skills with a keen attention to detail
- Excellent written and verbal communication skills, with the ability to communicate to leadership and collaborate across teams
- Proven ability to identify operational inefficiencies and implement processes/systems to address
- Confident, energetic, team player who demonstrates good judgment and influences outcomes cross-functionally
- Ability to work in a fast-paced, high-growth environment, balancing multiple priorities and have strong sense of ownership
What the job involves
- We are seeking a highly skilled and detail-oriented Controller to join our dynamic and growing company. In this role, you will be responsible for overseeing the company’s financial operations, ensuring accurate and timely reporting, and maintaining financial integrity
- You will manage the day-to-day accounting functions, including month-end close, accounts payable and receivable, payroll, financial reporting, treasury, and compliance with accounting standards
- Month-End Close/Reporting: Manage all aspects of the month-end close process including journal entry reviews and preparation of monthly financial statements in accordance with GAAP (Generally Accepted Accounting Principles). Lead close meetings, including management presentations
- Financial Reporting: Oversee weekly/monthly/quarterly investor and debt reporting, ensuring accuracy and timeliness. Manage and prepare periodic financial reporting and/or metrics reporting for internal stakeholders
- Accounting Operations: Oversee all accounting related tasks and processes including but not limited to accounts payable, accounts receivable, payroll, equity accounting/reporting, and technical accounting
- Treasury/Cash Flow Management: Manage all treasury operations including remittance and deposits. Manage daily/weekly cash flow to ensure sufficient liquidity for operational needs, including forecasting cash requirements and preparing cash flow projections. Manage the company’s banking and lender relationships, including managing credit lines, debt facilities, and negotiating favorable terms
- Audits and Compliance: Coordinate and lead external audits including but not limited to financial statement audits, bank audits, insurance audits, 401K audits, tax audits, and inventory audits/appraisals; ensuring compliance with regulatory requirements and timely submission of any filings. Manage relationships with external partners (e.g. auditors, tax firms)
- Strategic Financial Planning: Provide analysis and insights on financial performance to support decision-making, including capital investment, debt management, and treasury-related activities
- Equity Management and Reporting: Maintain and update the company’s cap table to accurately reflect ownership, stock options, and other equity instruments,ensuring proper accounting and compliance. Work closely with legal, HR, and executive teams to ensure proper documentation and administration of equity transactions
- System Management: Manage the company’s ERP system (in collaboration with the Senior Manager, Systems and Product) and ensure proper integrations, transaction flows, and financial reporting. Lead the assessment, implementation, and maintenance of financial systems and software that streamline operations and improve efficiencies
- Internal Controls: Develop, implement, and maintain financial policies, procedures, and internal controls to ensure accurate financial reporting and minimize financial risks
- Team Leadership: Regularly assess and refine the team structure to ensure alignment with business goals and team objectives. Manage and mentor the accounting team, fostering professional development and ensuring high levels of performance and accuracy. Provide training, coaching, and timely feedback to the team
- Continuous Improvement: Continuously identify opportunities for process improvements, automation, and cost efficiencies within the accounting function. Maintain up-to-date knowledge of industry trends, financial regulations, and best practices, particularly in eCommerce and retail finance
- Cross-Functional Collaboration: Partner closely with leadership and other key stakeholders across the company to develop financial strategies that support the growth and profitability of the business
Our take
Many women will know the discomfort of an ill-fitting bra or the awkwardness of a bra-measuring session. Startup lingerie brand ThirdLove are doing things differently.
ThirdLove is a premium lingerie company that snubs traditional sizing charts and instead offers more than 80 bra sizes, including half-cups, to cater for women of any size or shape. In addition to building the brand to a valuation of more than $750 million, ThirdLove has a social mission and has donated over $40 million worth of bras to multiple charitable organizations.
The company remains a challenger to established apparel brands such as Victoria’s Secret, which leads the way in a competitive $42 billion lingerie market. The company also faces competition from other industry challengers including True&Co, Brayola and Lively. A recent move to sell a portion of its range through Amazon's marketplace will bring in additional customers for the brand and give it a boost in a competitive market.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-11% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Feb 2019
$55m
SERIES B
Feb 2018
$55m
SERIES B
Total funding: $123.6m
Company benefits
- Medical/Dental/Vision insurance
- Paid parental leave
- Flex time off
- Discounted and free products
Company values
- Put customers first
- Adaptive
- Positive
- Responsible
Company HQ
Financial District, San Francisco, CA
Articles
Leadership
Heidi Zak
(CEO)Heidi worked at Bank of America and McKinsey for a combined 5 years before taking an MBA at MIT. She then spent 3 years at Aeropostale and 2 at Google before leaving to co-found ThirdLove in July 2012.
David Spector
(Chairman)After an MBA at MIT, David spent over 2 years in Management at Google, prior to working as an Investor and Partner at Sequoia Capital. He co-founded ThirdLove with Heidi in July 2012, and has served as President since.
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