Director/Sr Director, Commercial Finance
SKIMS - Denver, CO
posted 4 months ago
About the position
SKIMS is a solutions-oriented brand creating the future of underwear, shapewear, and loungewear. We are disrupting the industry with our game-changing product and culturally driven creative and are looking for a Director/Sr Director of Commercial Finance to join us in building the next generation of intimates. The Director/Sr Director, Commercial Finance, will play a key leadership role, working closely with senior management to achieve the company's growth and profitability objectives. Responsibilities are focused on strategic business planning, financial planning and analysis, and cross-functional partnership and leadership, to enable the sustainable, profitable scaling of a fast-growing business. The ideal candidate is a collaborative, result-oriented leader with extensive financial planning experience within the retail industry. In this role, you will partner with the Chief Commercial Officer to drive and execute Mono-brand & Multi-brand strategies. You will provide financial and analytical leadership for long-range planning initiatives, including supporting the Multibrand and Monobrand annual operating and 3-Year strategic financial plans in partnership with key commercial leaders. Developing financial models that reflect an aligned approach between business imperatives, investment/capital expenditure strategy, and profitability goals will be a key part of your responsibilities. You will prepare retail store pro-forma P&Ls and scenario analysis in service of the brand's retail expansion strategy, evaluate new multibrand partnerships, and prepare partner pro-forma and actual P&Ls, including informing the negotiation of partner terms & conditions and new business models. Additionally, you will develop rolling financial forecasts including revenue, margin, and operating expenses, as well as analyze key drivers of actual performance versus forecast/budget. Driving a high level of accountability and ownership with commercial business leaders on performance management will be essential. You will partner with the Planning function in managing inventory planning & forecasting for the Multibrand and Monobrand channels, support the preparation of weekly/monthly/quarterly financial business reviews and other reporting for the senior leadership team and Board of Directors, including strategic/business insights and progress against key performance measures. Identifying opportunities to elevate existing processes & tools to support long-term, sustainable growth and performing ad hoc analysis as needed to assist in management decision-making will also be part of your role.
Responsibilities
- Partner with the Chief Commercial Officer to drive and execute Mono-brand & Multi-brand strategies.
- Provide financial and analytical leadership for long-range planning initiatives.
- Support the Multibrand and Monobrand annual operating and 3-Year strategic financial plans in partnership with key commercial leaders.
- Develop financial models that reflect an aligned approach between business imperatives, investment/capital expenditure strategy and profitability goals.
- Prepare retail store pro-forma P&Ls and scenario analysis in service of the brand's retail expansion strategy.
- Evaluate new multibrand partnerships and prepare partner pro-forma and actual P&Ls.
- Inform the negotiation of partner terms & conditions and new business models.
- Develop rolling financial forecasts including revenue, margin and operating expenses.
- Analyze key drivers of actual performance versus forecast/budget.
- Drive high level of accountability and ownership with commercial business leaders on performance management.
- Partner with the Planning function in managing inventory planning & forecasting for the Multibrand and Monobrand channels.
- Support preparation of weekly/monthly/quarterly financial business reviews and other reporting for the senior leadership team and Board of Directors.
- Identify opportunities to elevate existing processes & tools to support long-term, sustainable growth.
- Perform ad hoc analysis as needed to assist in management decision making.
Requirements
- 4-year degree in Business, Accounting, Finance or Economics; Graduate degree preferred.
- 7 - 10+ years of experience in Retail Finance, Financial Planning and Analysis, Business Planning, Management Consulting, or similar experience.
- Previous experience in the retail industry is highly desirable.
- Strong analytical skills and strategic modeling experience as well as demonstrated business acumen.
- Keen problem solving with a high level of intellectual curiosity, ability to dive deep, find solutions and deliver results.
- Solid experience with key financial planning tools and systems as well as Microsoft Office skills including but not limited to Excel and PowerPoint.
- Executive presence, excellent interpersonal and communication skills (both verbal and written).
- Ability to clearly communicate and present to senior management.
- Strong cross-functional business partnership, working as a trusted thought partner in supporting key business decisions.
- Experience driving alignment on a common vision of success with key stakeholders to drive near and longer-term business results.
- Strong track record of process implementation and transformation with a continuous improvement mindset.
- Passionate, high-energy, and impactful team-player with ability to navigate a fast-paced environment.
Benefits
- 100% Company Paid Healthcare (medical, dental, vision)
- Kind Body Fertility Benefits
- 401(k) savings plan with up to 4% match
- Unlimited PTO
- Full Access to LinkedIn learning
- Employee Discounts
- Free weekly catered lunch at HQ - M/W/Th
- Dog-Friendly office
- Free Swag Giveaways
- Annual Holiday Party
- Annual Summer Party
- Invitations to pop-ups and other company events
- Complimentary daily office snacks and beverages
