Financial Planning - New York, United States - Magnolia Bakery

Magnolia Bakery

Verified Company

New York, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Magnolia Bakery opened our first location on a quiet street corner in the heart of New York City's West Village in 1996.

From then to now, Magnolia Bakery has grown to become a globally famous, locally loved retail bakery and desserts brand.

With locations in New York City, LA and Chicago, a nationwide e-commerce and wholesale business, international locations in the Middle East and Southeast Asia, and an emerging Grocery business in the US, Magnolia Bakery's whimsical spin on classic, American desserts is now in every neighborhood.

Job Title:
FP&A Manager
, CPG

Position Summary:

We are seeking a highly motivated and experienced FP&A Manager to be a key member of the Finance team, working closely with the senior leaders, providing financial information to impact operating decisions.

This role will be the lead Finance business partner to the CPG and Wholesale teams, supporting and challenging them to find and execute profitable growth opportunities.

Range:
$100,000-$115,000 + 5% Bonus Eligibility

Location:
Hybrid

Reports to:
CFO**
Principal
Duties:
Financial Planning & Reporting**- Develop annual and multiannual plans, budgets, and forecasts in partnership with business line leaders

Manage the coordination of the monthly close process between business line leaders and the accounting team
Prepare monthly trade accruals and reconciliations
Work with Accounting team to manage and dispute trade and nontrade deductions
Report CPG results by business line, product & channel/customer
Share results with business line leaders, with insights on performance and recommendations to address gaps and opportunities to plan
Present plans, budgets and results to CEO and investor partners

Analysis

Analyze item consumption trends and insights
Codevelop price pack architecture for CPG items
Evaluate new items, new customers, and promotion opportunities
Work with Supply Chain team to manage inventory stock levels to reduce swell and obsolete spend
Monitor ingredients and packaging costs, identifying opportunities, and partnering to execute costsaving initiatives
Partner with logistics team to understand and minimize freight and warehousing costs
Provide financial insights based on productspecific and channel/customerspecific sales analysis to inform strategic planning and business growth
Participate in adhoc projects

Required:

Business, accounting, or related education
5 + years professional experience
3 + years FP&A experience
Advanced Excel skills
Advanced analytical skills
Knowledge of USGAAP
Experience in CPG

Preferred:

Experience with NetSuite
Experience implementing and using an FP&A tool
Experience working in a fastgrowing company
Excellent verbal and written communication skills
Ability to motivate and maintain effective working relationships with staff and partners
Organized with good time management skills

Magnolia Bakery is an Equal Opportunity Employer.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

Requires grasping, writing, standing, sitting, walking, repetitive motions, listening and hearing ability and visual acuity.
Talking and hearing occur continuously in the process of communicating with guests, coworkers, and management.
Vision occurs continuously with the most common visual functions being those of near vision and depth perception.
Requires manual dexterity to use and operate all necessary equipment.
Domestic travel required.