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Director - FP&A

Timex

Timex

Administration
Middlebury, VT, USA · middlebury, vt, usa
Posted on Aug 22, 2024

Job Details

Timex Group USA, Inc. [Watch Hill - Middlebury] - Middlebury, CT
Full Time
4 Year Degree
Negligible
Day
Finance

Description

We are rebel watchmakers with a purpose. Established in 1854 as the Waterbury Clock Company, we took a traditional European watchmaking and layered American industrial ingenuity on top. That is when we began our journey to disrupt a 300 year old industry. Timex took mantle clocks made from wood and made them out of metal and made them faster and affordable for everyone. We took the pocket watch, added a strap, and put it on your wrist. Today our design lab in Milan designs the most beautiful watches for consumers around the world. Come join our team, make a difference, and wear watches from Timex and some of the biggest brands in the world.

Summary

Reporting to the VP, Global FP&A, the Director will lead and manage a team that builds and maintains strong partnerships with the organization’s commercial and Brand leaders. This role will drive and oversee all aspects of financial planning, including budgeting, forecasting, long-term strategic planning, customer and product margin, compliance, and financial reporting. The Director will also provide strategic insights and recommendations to support business decisions, manage revenue, margin, and expense performance, and ensure alignment with overall business objectives.

FP&A at Timex Group is in a growth mode, requiring a start-up mentality and an ability to work collaboratively to support all areas of Finance and operation teams. The individual in this role will need to exhibit strong communication, influence, and strategic thinking skills to add significant value to Timex Group. They must also be adept at navigating a complex, matrixed business environment.

Qualifications

Key Responsibilities:

  • Strategic Leadership:

Drive the financial planning and analysis process for the business unit & commercial segment, including budgeting, forecasting, and long-term strategic planning

Provide strategic insights and recommendations to brand & commercial leaders to optimize financial performance and support business growth

  • Commercial & Brand Business Partnering:

Develop and maintain strong partnerships with commercial teams and Brand leaders

Collaborate with stakeholders to understand commercial strategies and ensure alignment with financial goals

  • Financial Analysis & Reporting:

Oversee and manage financial performance metrics, including revenue, margin, and expense analysis

Prepare and present detailed financial reports and analyses to senior management, highlighting key trends, risks, and opportunities

  • Performance Management:

Monitor and analyze product and customer margin performance to identify areas for improvement and drive profitability

Evaluate and manage the financial impact of commercial strategies and initiatives

  • Process Improvement:

Implement and enhance FP&A processes and systems to improve efficiency and accuracy

Drive continuous improvement in financial reporting and planning methodologies

  • Compliance & Governance:

Ensure compliance with financial policies, procedures, and licensor requirements

Oversee internal controls related to commercial financial operations

Requirements:

  • Bachelor’s Degree in Finance or Accounting
  • Over 10 years of relevant finance experience in a highly analytical setting, including at least 3-5 years within the consumer products industry
  • Proven ability to effectively partner with and influence teams, delivering high-quality results that enhance business performance and refine financial planning processes
  • Deep understanding of finance-related business processes and internal controls
  • Excellent verbal and written communication skills, with the ability to clearly and effectively explain and present complex financial concepts to diverse audiences
  • Proactive and solution-oriented, with strong intellectual curiosity and a knack for setting clear priorities and goals
  • Results-driven and entrepreneurial, with a positive attitude and the capability to excel in a fast-paced, dynamic environment. Demonstrates a strong commitment to meeting and exceeding goals, taking ownership of issues, and making sound decisions

In addition to our wide product offering, Timex Group offers the following benefits:

  • 401K
  • Robust Medical, Dental, Vision Plans
  • Generous Company Holidays/Vacation
  • Extended Sick and Personal
  • Hybrid Remote Office Policy
  • Summer Fridays all year long!
  • Parental Leave Policy

Timex Group is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.