SUMMARY: Reporting to the CEO, the Vice President Finance will be responsible for leading, managing, and enabling the Finance and Accounting Teams to drive the Company’s ongoing financial performance, ensure fiscal discipline, and support strategic decision-making to achieve the Company’s long-term goals.

JOB RESPONSIBILITIES

· Understanding of the business environment, strategy, goals, three- and one-year operating plans, and financial targets.

· Serve as the trusted advisor to the CEO and Senior Leadership Team in developing the company’s financial strategy in alignment with its business goals.

· Collaborate cross-functionally to develop departmental budgets that optimize resource utilization and profitability.

· Lead the development of the FP&A Team’s three- and one-year business and operating plans that support the Company plan.

· Budgets and forecasts: Lead the financial planning, budgeting, and forecasting processes to create budgets and forecasts aligned with the Company’s strategic goals.

· Develop and track key performance indicators (KPIs) and dashboards to monitor the Company’s financial health and operational efficiency.

· Regularly report monthly, quarterly, and annually on financial results, highlighting trends, risks, actionable insights, and improvement recommendations for SLT.

· Analyze product and channel revenue streams, pricing strategies, client behaviors, and other relevant inputs to identify growth and margin improvement opportunities.

· Conduct “what-if” scenario modeling to evaluate the financial impact of potential business decisions such as changes to the business model, product portfolio changes, commission structure, studio expansions, pricing changes, etc.

· Identify cost drivers and partner with operational teams to optimize expenses without compromising quality or customer experience. Implement cost-savings initiatives where appropriate and track results

· Collaborate with Treasury to forecast cash flow needs and ensure sufficient liquidity for strategic and operational needs. Monitor working capital and recommend strategies to optimize cash conversion cycles.

· Oversee preparation of accurate, timely, and comprehensive financial statements compliant with Generally Acceptable Accounting Principles (GAAP). Ensure that all financial disclosures meet regulatory requirements and provide transparency to all stakeholders and auditors. Report financial results to the SLT, CEO, and Board monthly, quarterly, and annually.

· Oversee and regularly assess the effectiveness of internal controls to safeguard company assets and take corrective action to mitigate financial and operational risks.

· As the primary contact for external auditors, oversee the preparation and execution of external audits, ensuring the Company is prepared and compliant with all audit requirements and timelines.

· Oversee preparation, filing, and compliance of all tax returns in line with federal, state, and local tax regulations.

· Monitors and evaluates changes in tax laws and regulations on the company and develops tax minimization liabilities.

· Oversee compliance with financial regulations, including Sarbanes-Oxley (SOX) and other industry-specific and government requirements.

· Accounting Operations: Ensure that the work processes and capability are in place to ensure timely and accurate accounts payable, receivables, and transaction recording functions are in place.

· Develop, document, socialize, enforce, and regularly update finance and accounting policies, work processes, and procedures that align with business needs, best practices, and regulatory requirements.

· Evaluate, recommend, and, when approved, implement finance and accounting systems and software to improve data capture and analysis, reporting timeliness and accuracy, automation, process streamlining, and workflow efficiency. Ensure integration between finance and accounting systems and other business tools to maintain data consistency and accuracy.

· Acquire, use, and leverage advanced analytics tools to generate actionable insights. Drive adoption of data-driven decision-making across the Company by delivering clear, concise and impactful reports.

· Propose and, when approved, implement three and one-year plans and budgets for the Finance, Planning and Accounting Department.

· Oversee the daily operations of the Finance Planning and Accounting Team, personally handle unique or sensitive issues as needed, and resolve or escalate these issues as required.

· Conduct regular quality assessments of the Finance Planning and Accounting Team’s outputs and work processes to ensure consistent 5-star interactions with external and internal stakeholders and compliance with external and internal regulations.

· Provide training, directly or in collaboration with others, on the core knowledge and skills needed to provide a 5-star support service to internal and external stakeholders. Coach and facilitate ongoing development as it aligns with team members’ needs and interests.

· Set expectations and create team and cross-functional processes for communicating and collaborating to provide the best possible support to internal customers.

· Align with individual direct reports on annual SMART Goals and provide ongoing coaching, feedback, and support.

· Conduct mid-year and year-end appraisals and determine year-end appraisal ratings.

REQUIREMENTS

· Bachelor’s degree in finance, Accounting, or a related field with a strong preference for an MBA in Finance

· 10+ years of progressive experience in finance and accounting and experience leading and supervising Finance and/ or Accounting teams

· Experience in luxury goods and services, apparel, retail, and franchise environments is highly desirable.