Sr Manager, Strategic Finance & Analysis

Job Title : Sr. Manager, Strategic Finance and Analysis

Department : Finance

Reports To : VP Global FP&A

FLSA Status : Exempt

Location : Hybrid - Nashville, TN HQ

ABOUT THE COMPANY : SVP Worldwide, doing business through SVP-Singer Holdings, Inc. and its affiliates, is the world's largest consumer sewing machine company, accounting for approximately one out of every three household sewing machines sold annually across the globe. The company and its three iconic brands - SINGER®, VIKING®, and PFAFF® - have delighted consumers for over 460 years. These premium brands and products are regarded as the choice for serious sewists and novice crafters.

The company's corporate headquarters is located in Nashville, TN, and supported by regional headquarters / sales offices located in Milan (Italy), and Mexico City (Mexico) that, combined, reach consumers in more than 180 countries. SVP has manufacturing facilities across Asia and Latin America, multiple R&D centers, a software development center in Europe, and a global supply chain with distribution centers in all regions.

SVP Worldwide has a history of innovation and has established a leading offering in the Internet-of-Things (IoT) segment by introducing mySewnet®, the industry's first cloud-based operating system. Its product portfolio covers entry-level sewing machines all the way up to advanced, internet-connected, leading-edge household sewing machines that retail for $18,999 and all segments in-between. In addition to sewing machines, the product portfolio includes sewing accessories, notions, garment care products as well as software.

The products are sold across a network of sewing machine dealers, mass retailers (e.g., Costco, Walmart, Lidl, MediaMarkt, Carrefour), specialty retailers (e.g., Joann, Michaels), online retailers (e.g., Amazon, Tmall), distributors, and through the company's 140 internally operated retail stores.

ABOUT THE POSITION : We are searching for a strategic, agile and proactive Finance Business Partner to support our Product Management and Pricing teams. In this role, you will be responsible for providing financial insights and guidance related to product performance, pricing strategy, and overall business profitability. You will collaborate closely with cross-functional teams to support data-driven decisions, optimize product pricing, and drive business growth. This position will offer opportunities to influence the company's financial strategy and performance, particularly in the areas of product management and pricing optimization.

Key responsibilities are :

• Financial Support for Product Strategy : Collaborate with Product, Sales, and Marketing teams to analyze and optimize product financial performance, ensuring profitability and alignment with company objectives. Lead financial analysis for product launches, lifecycle management, and product portfolio optimization. Leverage robust financial models to support requests for CAPEX and / or OPEX required for new product development.
• Pricing Strategy Development : Partner with cross functional teams to design, implement, and refine pricing strategies. Lead financial assessments of different pricing models, evaluate price sensitivity, and conduct competitive analysis to drive pricing decisions that maximize revenue and profitability.
• Financial Modeling and Forecasting : Build and maintain detailed financial models to project the impact of pricing changes, product introductions, and cost structure adjustments. Ability to clearly articulate the return on investment (ROI) and internal rate of return (IRR) of a given product or project. Own the forecasting process for new product development and the product organization, ensuring accurate and actionable financial plans.
• Budgeting and Financial Planning : Lead the budgeting and financial planning process for new product development and pricing strategies. Ensure alignment between financial goals and business objectives while providing financial insights to senior leadership.
• Performance Reporting : Develop and deliver regular financial reporting on product performance, pricing impact, and key business metrics. Provide insights into product margins, revenue growth, and cost optimization opportunities.
• Cross-functional Collaboration : Work closely with cross-functional teams, including Product Development, Sales, Marketing, Global Finance teams and Operations, to ensure financial perspectives are integrated into strategic decisions. Act as a financial business partner to category leadership to drive profitability and business growth.
• Product Profitability Analysis : Analyze the profitability of individual products and product lines, identifying key drivers of margin variance, cost efficiency opportunities, and potential areas for improvement. Recommend strategies to optimize profitability.
• Ad-Hoc Financial Analysis : Conduct ad-hoc financial analysis to evaluate specific product opportunities, pricing adjustments, and potential business initiatives. Provide strategic recommendations based on financial data.
• Process Improvement : Continuously improve financial reporting processes, forecasting methods, and pricing models by leveraging technology to increase speed of decision-making. Enhance the efficiency and accuracy of financial tools and systems used to support product and pricing decision

QUALIFICATIONS / REQUIREMENTS :

Experience / Skills / Qualifications

Education and Certifications-

WORK ENVIRONMENT : Works in a typical office environment or remote-based office setting. Travel requirements are less than 10%.

THE INDUSTRY

The sewing machine industry is a global industry that is experiencing renewed growth. In developed markets, growth rates are projected to outpace GDP growth, according to Global Industry Analysts, Inc., the leading industry data source. Growth in these markets is driven by the millennial generation that is increasingly attracted to personalization, crafts, and self-expression. In developing markets, the industry is expected to grow at 4% annually, fueled by the emerging middle class and the "need to sew" segment that uses sewing machines to support the household.

THE FUTURE

In 2021, SVP Worldwide was acquired by Platinum Equity (www.platinumequity.com), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity has committed to fully support SVP's continued growth and to bring additional financial and operational resources to bear to help accelerate the company's efforts.

Salary : $18,999