Job Description
Job Description
Job Title : Vice President of Finance
Position Summary
The VP of Finance will play a crucial role in driving the financial strategy, ensuring robust fiscal management to support the company's growth objectives. The ideal candidate will have extensive experience in financial planning, analysis, and leadership, with a proven record of accomplishment in the e-commerce industry.
The Company
For over 45 years, Sound Around, a family-owned enterprise headquartered in Brooklyn, New York, has been a leader in the consumer products industry. Our diverse range of brands, including Pyle, Lanzar, Serene Life, Pyramid, Nutrichef, and American Legacy, are prominently featured through leading online retailers. As a rapidly growing multimillion-dollar family business, we specialize in branding products for e-commerce channels. We are seeking highly skilled professionals who can contribute to our ongoing success while embracing the unique dynamics of our family business structure.
Core Values
Our core values guide everything we do :
- Amplify Positivity : Embrace a positive approach in every interaction. Find opportunities within challenges, pivot when necessary, and radiate enthusiasm to cultivate a "We Can Do This!" culture.
- Hunger for Knowledge : Every day is an opportunity to learn and share something new. We approach our work with humility, a willingness to seek help, and a commitment to personal and collective growth through continuous learning
- Chase Challenges : We actively seek out new projects, push our boundaries, and set high standards for achievement. We celebrate our successes and then strive to surpass them
- Share Generously : We foster a culture of collaboration by actively sharing ideas, thoughts, and credit for success. Our willingness to help others succeed enriches our collective achievements
- Win Together : Collaboration is at the heart of our success. We work together with our employees, customers, and the community to achieve shared victories. We value teamwork, accountability, and clear communication
Responsibilities
Financial Leadership
Company Budget - Own the Company Budget and annual planning process to help drive growth aligned to the Company Business PlanStrategic Initiatives & Analysis – Identify and implement strategic initiatives to evolve the company's financial management setup to help support company growth and international expansion. This includes corporate structure, capital planning, people, systems, processes, and analysis to enable the Company to achieve long-term growthRisk Management / Forecasting – Collaborate directly with Brand & Sales Directors to establish detailed financial models to drive accurate forecasts, inventory management, and channel profitability / ROI to achieve sales targets and maximize bottom-line profitability. Payroll - Work in partnership with the Human Resource Manager to ensure all Payroll considerations are aligned with Company growth plans, e.g., overtime, commission structure, and employee bonuses. Own and streamline the payroll process and develop compensation modelsFinancial Reporting
Company Reporting - Work closely with External Accountants to support all external Company financial reporting and filingsMonthly Management Reporting - Establish consolidated internal monthly management reporting. Examples would include cash flow projections, detailed P&L summaries, and inventory management / turnsMonthly Management Financial Review – Own Management review process, including driving items for attention and review and leading collective remediation efforts as requiredFinancial Operations
3rd Party Vendors - own the Company’s financial relationship with all 3rd Party vendorsSales Planning - Manage the Sales Planning and forecasting processPurchasing - Manage all Product Inventory and oversee the procurement of goods and materials, ensuring optimal inventory levels to meet business needs. Work in partnership with other functions in evaluating supplier performance, negotiating contracts, forecasting demand, and monitoring stock levels to prevent shortages or excess.Shipping - Optimize all Freight costs (including negotiations)Warehouse - Optimize Warehouse cost utilization i.e., streamlining inventory management, improving space utilization, negotiating contracts, and partnering to implement technology to automate processesAccounts Receivable - Responsible for the Accounts Receivable process and collaborating with Sales to resolve payment issues and enhance cash flow.Resource Management
The existing Financial Controller and an Account Receivable Associated will be direct reports along with several external contractorsExtensive interaction with the Chief of Staff, Management Team, and OwnersClose interaction with External Accountants and BanksOpportunity to build a small team over time dependent on Company growth plansQualifications
Bachelor's degree in finance, accounting, or a related field; MBA or CPA preferredMinimum of 10 years of experience in finance, with at least 5 years in a senior leadership roleStrong analytical and problem-solving skills including detailed knowledge of excelExcellent communication and interpersonal skillsStrong track record of establishing scalable, repeatable processesProven ability to work in a fast-paced, dynamic environmentOwnership mindset - See a problem and fix itCompensation & Benefits
250-275k 10% bonusPaid Time OffBenefits : Individual health insurance and 401kLocation : Brooklyn, NYPowered by JazzHR
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