Manager, Finance (Almay)

$120,000 - $135,000/Yr

Revlon - New York, NY

Full-time - Mid Level

New York, NY

Health and Personal Care Retailers

About the position

At Almay, we create beauty innovations for everyone that inspire confidence and ignite joy every day. Breaking beauty boundaries is in our company's DNA. Since its game-changing launch of the first opaque nail enamel in 1932 (and later, the first long-wear foundation), Almay has provided consumers with high-quality product innovation, performance, and sophisticated glamour. Today, Almay continues its legacy as a leading global beauty company, with a diverse portfolio that includes some of the world's most iconic brands and product offerings in color cosmetics, skin care, hair color & care, personal care, and fragrances. As a strategic business partner to the Almay leadership team, the Manager of Finance will manage the budgeting, forecasting, and monitoring of all aspects of the business including brand/customer sales, trade spend, cost of goods sold, distribution, brand support, and departmental spend. This role is crucial in developing strategic plans and evaluating innovations while ensuring that expenses are managed within financial guidelines and controls are followed. The Manager will bring financial expertise to all business partners by offering strategic insights and recommendations for improvement to the P&L statement and balance sheet. The Manager will perform monthly P&L reviews with cross-functional teams, providing profitability insights to drive profitable growth and mitigate risk. They will analyze results by providing explanations on key P&L drivers for the period versus forecast, budget, and prior year, including customer and product volume/mix, trade spend, and advertising and promotions. The role also involves preparing and consolidating monthly forecasts, annual budgets, and strategic plans, working closely with Brand Management, Customer Planning & Strategy, and Sales. Additionally, the Manager will analyze proposed advertising, promotional spend, and other activation investments with pre- and post-activity ROI analytics to help inform current and future decisions. The Manager will support the commercialization and go-to-market analysis and controls trade rate investment, partnering with cross-functional teams to monitor the brand/category marketplace, including POS performance, market share, and category growth trends. They will recommend actions based on insights from trends and work in conjunction with Brand Management and Customer Planning & Strategy to establish MSRP and category pricing based on market conditions, brand strength, product benefits, cost inputs, and the competitive landscape. The role also supports the New Product Development process, working with cross-functional stakeholders to develop forecasts, prepare financials, calculate project return metrics, and analyze changes versus previous updates. The Manager will optimize portfolio assortment based on SKU level performance, innovation plans, and market trends, providing thought leadership and analytical rigor to support profitable growth strategies at a product and/or brand level.

Responsibilities

• Perform monthly P&L review with cross functional teams, provide profitability insights to drive profitable growth and mitigate risk.
• Analyze results by providing explanations on key P&L drivers for the period vs. forecast, budget and prior year including customer and product volume/mix, trade spend and advertising and promotions.
• Prepare and consolidate monthly forecast, annual budget, and strategic plans, working closely with Brand Management, Customer Planning & Strategy and Sales.
• Analyze proposed advertising, promotional spend and other activation investments with pre- and post-activity ROI analytics to help inform current and future decisions.
• Support commercialization and go-to-market analysis and controls trade rate investment.
• Partner with cross-functional teams to monitor the brand/category marketplace including POS performance, market share, and category growth trends. Recommend actions based upon insights from trends.
• Work in conjunction with Brand Management and Customer Planning & Strategy to establish MSRP and category pricing based on market conditions, brand strength, product benefits, cost inputs and the competitive landscape.
• Support the New Product Development process (Innovation and Renovation) working with cross functional stakeholders including Brand Management, Consumer Insights, Customer Strategy & Planning, Sales, and Operations Finance.
• Optimize portfolio assortment based upon SKU level performance, innovation plans and market trends and recommend enhancements to the assortment.
• Provide thought leadership and analytical rigor to support profitable growth strategies at a product and/or brand level.
• Optimize gross margin based upon pricing, mix management, cost improvement and innovation.
• Liaise with Operations Finance to summarize impacts of standard costs and manufacturing variances for historical, current, and future key material costs.
• Support managing and optimizing working capital including inventory. This includes portfolio optimization, establishing product life-cycle expectations and monitoring excess & obsolete inventory and establishing sell-through recommendations.
• Foster positive and collaborative relationships within finance team, cross-functional and regional leadership.
• Identify gaps, and lead improvement projects, partnering with key stakeholders.
• Ensure ongoing governance, control, and compliance with both corporate and external procedures and audits.
• Participate in S&OP activities reviewing latest demand forecasts as compared to financial forecast.
• Digging into the numbers to find new opportunities or patterns to explain the 'what and why' behind performance.
• Perform strategic reviews of brands and other key contracts in the business.

Requirements

• Finance experience of 3-7 years with 2-4 years experience in Consumer Products.
• Experience working with sales, marketing and supply chain teams.
• Accounting and/or Finance degree required, MBA preferred.
• Knowledge of Sarbanes/Oxley.
• Strong systems experience (expertise in Microsoft Excel, SAP, Hyperion).
• Excellent time management, organizational and communication skills required.
• Self-Starter.

Nice-to-haves

• Experience in the beauty or consumer goods industry.
• Familiarity with financial modeling and forecasting techniques.

Benefits

• Medical, dental, and vision benefits for employees and their families.
• Company-paid basic life insurance policy.
• Long-term disability insurance.
• Supplemental life insurances.
• Flexible spending accounts.
• Critical illness insurance.
• Group legal and identity theft protection.
• 401k Retirement Savings Plan with company match.
• Company-paid short-term disability insurance (benefit commences upon hire).
• 3 weeks of vacation, pro-rated based on date of hire for the 1st year of employment.
• Twelve paid holidays throughout the calendar year.