Vice President of Finance

1 day ago

Brooklyn, United States Pyle Inc Full time
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: 
  1. 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. 
  2. 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 
  3. 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 
  4. 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 
  5. 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 Plan
  • Strategic 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 growth 
  • Risk 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 models
Financial Reporting 
  • Company Reporting - Work closely with External Accountants to support all external Company financial reporting and filings  
  • Monthly Management Reporting - Establish consolidated internal monthly management reporting. Examples would include cash flow projections, detailed P&L summaries, and inventory management/turns    
  • Monthly Management Financial Review – Own Management review process, including driving items for attention and review and leading collective remediation efforts as required   
Financial Operations 
  • 3rd Party Vendors - own the Company’s financial relationship with all 3rd Party vendors  
  • Sales Planning - Manage the Sales Planning and forecasting process 
  • Purchasing - 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 processes
  • Accounts 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 contractors 
  • Extensive interaction with the Chief of Staff, Management Team, and Owners 
  • Close interaction with External Accountants and Banks  
  • Opportunity to build a small team over time dependent on Company growth plans 
 
Qualifications  
  • Bachelor's degree in finance, accounting, or a related field; MBA or CPA preferred 
  • Minimum of 10 years of experience in finance, with at least 5 years in a senior leadership role 
  • Strong analytical and problem-solving skills including detailed knowledge of excel 
  • Excellent communication and interpersonal skills 
  • Strong track record of establishing scalable, repeatable processes   
  • Proven ability to work in a fast-paced, dynamic environment 
  • Ownership mindset - See a problem and fix it
 
Compensation & Benefits   
  • $250-275k + 10% bonus 
  • Paid Time Off
  • Benefits: Individual health insurance and 401k
  • Location: Brooklyn, NY

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