Vice President of Finance

Long Beach, California 90802

Post Date: 04/03/2018 Job ID: 1795 Job Titles: FIN - Chief Financial Officer, FIN - Director of Finance, FIN - VP of Finance Pay Rate: 175,000

VP of Finance - Apparel - Long Beach

Our client is a fast growing, dynamic apparel company located in Long Beach.  The brand originated in Europe but has moved their corporate headquarters to Southern California.  The company' s goals are to grow aggressively in North America while continuing to dominate internationally.

This position is the top finance position in the company and reports directly to the CEO/President.  The company is investor backed and part of a larger portfolio of brands.  

Essential Job Functions

Financial Planning
  • Develops, manages and prepares all company budgets by business unit, which shall include working with department managers in the preparation of budgets and forecasts.
  • Develops, manages and prepared all company forecasts by business unit
  • Provides written analysis as required by Senior Management related to trends seen in budgets and subsequent forecasts
  • Provides cash flow assessments, in order to properly assess liquidity

Financial Reporting
  • Prepares all periodic financial statements by business unit, which compare actual month and YTD performance versus budget, forecast and prior year
  • Prepares written analysis of business unit performance, to address material differences between actual performance, budget, forecast and prior year
  • Prepare written analysis on the balance sheet, to address material differences between actual performance, budget, forecast and prior year
  • Prepare written analysis of cash flow and liquidity, to address material differences between actual performance, budget and forecast

Accounting
  • Review and ensure the accuracy of the financial statements.  Work with the Director of Finance to ensure the information generated is consistent with US GAAP.
  • Responsible for generating monthly financial statements. Working with the New York based accounting team to finalize the monthly trial balance and ensure the accuracy of accounting sub ledgers.
  • Responsible for generating the Consolidated monthly financial statements and quarterly reporting package.
  • Responsible for managing monthly inventory levels. Working with European  and US management teams to minimize risks of accumulating excess and obsolete inventory.
  • Monitor all licenses and leases to ensure full compliance of all contractual terms and conditions.

Other General Duties
  • Responsible for being a key system user and working to develop improved reporting from the company ERP platform
  • Responsible to be a key part of seeking improvements in supply chain management
  • Responsible to develop and maintain financial controls, policies and procedures that are designed to control and safeguard company assets, including proper control over all inventories.
  • Partner with President to help drive and maintain the brand Critical Path.
  • Responsible for establishing and maintaining Long Beach office to support US Brand Functions

Position Specifications
  • 4 year degree in related field, CPA a must, MBA desired.
  • 10+ years of experience in a Wholesale and Retail branded apparel company, as Controller, Director or VP of Financial Planning and Reporting, or its equivalent.
  • Understanding of the proper financial budgeting, subsequent forecast development and financial analysis of reported results
  • Excellent communication skills (verbal and written)
  • Proven leadership skills, with an appreciation of the importance of teamwork, and the ability to develop  individuals and build a team
  • History of success in leading, influencing and persuading people who are not direct reports to attain company/business goals
  • Exceptional problem solving/decision making skills
  • Effective organizational and multi-tasking skills
  • Computer skills -  proficient in Word, Outlook, Excel, and ERP Financial Reporting Software

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