Senior Vice President of Finance, Parachute Home
Offers Stock Options
More information about location
Online store for home essentials
Job no longer available
Online store for home essentials
101-200 employees
Job no longer available
Offers Stock Options
More information about location
101-200 employees
Company mission
To bring more comfort to their customers' world through premium, accessible essentials.
Role
Who you are
- Bachelors degree in Business, Finance, Accounting or Economics
- MBA or CPA preferred
- 12+ years experience in Finance, Financial Planning, Business Planning or similar experience
- Previous experience in Consumer Products or DTC Brands highly desirable
- Previous experience working with inventory management is highly desirable
- Previous experience in retail and legal experience desirable
- Strategic Vision
What the job involves
- The SVP, Finance will play a key leadership role, working closely with the CEO, board and executive team to achieve the company’s growth and profitability objectives
- Responsibilities include: financial strategy, financial planning and analysis, financial reports, company audits, compliance, capital raising, treasury, day-to-day accounting, forecasting and bank relationships
- Reports to: CEO
- Provide financial and analytical leadership for short and long range planning initiatives in partnership with leadership team
- Develop financial models that reflect and aligned approach between business initiatives, investment/capital expenditure strategy and profitability goals
- Prepare retail store pro-forma P&Ls and scenario analysis
- Evaluate partnerships and support negotiation of partner terms and conditions and new business models
- Develop rolling financial forecast including revenue, margin and operating expenses; as well as analyze key drivers of actual performance versus forecast/budget. Drive high level of accountability and ownership with business leaders on performance management
- Lead and mentor finance and accounting teams
- Support preparation of weekly/monthly/quarterly financial business reviews and other reporting for leadership team and Board
- Identify opportunities to elevate existing process and tools to support long-term sustainable growth
- Ad hoc analysis to assist in management decision making
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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