Group Director, FP&A, Watches

Group Director, FP&A, Watches & Fine Jewelry

About the Role:

This position reports directly to the Head of FP&A for the Fashion & WFJ division and will have one direct report. ​ ​This role will support the strategic business and financial objectives of the WFJ division for the U.S. region. Lead and manage the financial planning processes for the WFJ Division.​ Ensure coordination with Corporate Finance Teams in meeting reporting scope.​ Provide overall financial support to WFJ Senior Management​ related to: Lead, analyze, and manage Sales & profit targets Report on expense management in partnership with the business Provide analysis and decision making support (new distribution, ROI analysis) for the business Lead the analysis and oversight of Inventory management / months of coverage / Financial reserves Mid-term (MTP) sales & profit planning Build meaningful relationships with key stakeholders and business partners such as the WFJ GM and leadership team and other relevant leaders in the organization

What impact you can create at CHANEL:

Manage the preparation of all Chanel, Inc. WFJ financial planning reports (P&Ls, Forecast variance analysis, Inventory reporting), inclusive of all WFJ channels: Boutiques, Lease, and Multi-Brand.​ Manage and review the planning of all expenses in the WFJ P&L, with direct oversight of Cost of Sales, Advertising, Promotion and SMG&A, and WFJ Boutique Expense and indirectly over costs allocated from Fashion & Corporate. Perform a consolidated review of the WFJ P&L during each monthly update and budget reporting period.​ Oversee and review a qualitative analysis of the expense budgets to identify risk or opportunity (via YTD-YTG reports and discussions with business partners). Report a consolidated summary to management.​ Supervise the recognition of Q2 and year-end accruals, as well as all month-end close entries. ​ Prepare presentations to analyze and summarize the WFJ business at key moments during the fiscal year. This requires working directly with the WFJ Leadership team and their direct reports to create high-level presentations for the following meetings:​Annual Budget​Monthly Updates / Q1F & Q3F ​MTP​Business Reviews​Global CFO Updates​​ Serve as a key point of contact for the WFJ General Manager and members of the WFJ Leadership Team. ​ Serve as a key point of contact for Global Finance, Global WFJ Finance and US Corporate Finance. ​ Conduct ad hoc analysis and tasks as needed with limited supervisory input and direction.​ Ability to summarize and highlight key findings for senior management review.

You are energized by:

Being decisive and driven. Space to be curious. ​ Collaboration, while still exhibiting the ability to influence others.​ Ability to summarize and highlight key findings from all analysis performed for senior management review. Developing new processes and seizing opportunities to create efficiencies.

What you will bring to the team:

Minimum Education: bachelor’s degree, preferably in Finance, Accounting, Economics or equivalent. ​ Minimum Years of Experience: 10 years of accounting, finance or planning experience. Excellent communication skills as well as the ability to interface across many levels of the organization.​ Solid knowledge of financial planning and exceptional analytical skills​ High proficiency in Microsoft Office Comfort with ambiguity and complexity 

Position Logistics:

Role requires a minimum of three days in-person office presence at the designated location/office. New York, NY based role Occasional travel required

What skills you will learn? What experiences might you have?

Ability to sharpen analytical and presentation skills Develop a long-term, strategic mindset Opportunity for visibility to senior leadership

Compensation:

The anticipated base salary range for this position is $133,000 through $175,000. Base salary is one component of the total compensation for this position. Other forms of variable pay [may/will] be offered for this position. Other components [may/will] include bonus potential, benefits, and/or perks.

Benefits and Perks:

Wellbeing resources include dedicated paid time off for wellbeing: 2-week August Office Closure and a Wellbeing fund  Family and care giving benefits (inclusive of parental leave, fertility support, MilkStork, and Care.com Membership)  Generous paid time off policies to include vacation, holiday, sick and volunteer days 401K and other incentives Robust healthcare offerings; medical, dental, vision, MDLIVE (virtual care), One Medical, Flexible Spending Accounts (Health Care & Dependent Care), Health Savings Account and Employee Assistance Program  Life insurance, Accidental Death & Dismemberment, Short Term Disability, Long Term Disability, Health Advocate, International Business Travel Accident & Medical, and Commuter Transit & Parking 

Additional Information:

Chanel is a private company whose values are grounded in creating the conditions for people to perform at their best and feel fulfilled and confident in their work. We offer a unique work environment where individuals are encouraged to better understand the brand, the business, and motivations, so that together we can unlock the possibilities of growth. This is reflected in:

Diversity and Inclusion

At CHANEL, we are intentional in promoting Diversity & Inclusion. We foster respect, empathy and dignity for all. We believe strongly that the diversity of our people across the full spectrum of human differences is essential to our organisation and the connections we have with each other and our clients. We offer Employee Resource Groups in the US that are voluntary, open to all, employee-led groups formed around a shared identity or lived experience, whose aim is to foster a diverse, inclusive, and equitable community aligned with the values and missions of the communities they support.

Chanel Community

CHANEL Community empowers our employees to channel their passions, talents and sense of purpose to contribute to and learn from our communities. Employees are encouraged to take time off annually to volunteer through CHANEL Community. CHANEL also matches employee donations to select charitable organizations.

Sustainability

CHANEL Mission 1.5° is our climate action plan. It is focused on transforming the business in line with the ambitions of the Paris Agreement on climate change to limit the average global mean temperature increase to 1.5 degrees Celsius above preindustrial levels. Employees are encouraged to contribute to our US Sustainability efforts at the corporate level and within the divisions, through organized taskforces and initiatives.

Arts and Culture

We are committed to extending our legacy of cultural engagement. Global support includes the CHANEL Culture Fund, which supports a select group of leading art culture institutions across the globe, and the CHANEL Next Prize for the next generation of creative talent. US support currently includes Annual sponsorship of the MoMA film program, Tribeca Film Festival programs and Through Her Lens, Support of the Academy Gold Fellowship for Women and Sponsorship of the BAAND Together Dance Festival at Lincoln Center.

Fondation Chanel  

Since 2011, Fondation CHANEL’s mission is for women and girls to be free to shape their own destiny. Through multi-year partnerships with financial and technical support, Fondation CHANEL is committed to improving the safety and autonomy of women and adolescent girls around the world, impacting over a million women and girls in its first 10 years. For more information, please navigate to the Fondation Chanel website

Career and Leadership Development:

We have dedicated in-house teams focused on supporting the onboarding of employees, developing leadership skills via custom programs like Imagine Chanel People, Heart of Leadership and group and individual coaching, and blended online and live classes offered on our Bloom platform and by skilled trainers, such as Shape Your Career, to develop career building skills.

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