tai apparel director of finance - Minnesota, United States - Tai Apparel

Description

TAI APPAREL

TITLE: DIRECTOR OF FINANCE

DETAILS: MINNEAPOLIS OR REMOTE

ABOUT TAI APPAREL:

· Apparel manufacturer with US Sales, Design, and Product team based domestically (MLSP/LA) and overseas

· Specialize in knit apparel with new business in woven apparel

· US Production and Sourcing team based in China driving a fast fashion speed to market business model

· Product categories include junior, missy, plus, mens, girls, big boy, toddler, infant and maternity

SKILLS & EXPERIENCE:

• Do you have Factoring / Funding (finance: lines of credit, etc) experience and relationships?
• Do you have experience with cash flow forecasting?
• Experience dealing with overseas manufacturing, import/export, vendor PO management and payables?
• Bachelor's degree in accounting or finance required
• 5+ years' work experience in financing for a wholesale vendor (major retailers shipping/receiving, payment terms, factory payment, royalties, discounts/chargebacks)
• QuickBooks experience
• Bank factoring + early pay experience
• Comprehensive understanding of working with license royalties
• Excellent communication (verbal and written) skills
• Self-motivated, collaborative, organized, pro-active, assertive, team player
• Operates with the highest level of conduct, integrity, and confidentiality

RESPONSIBILITIES:

FINANCIAL REPORTS:

• Review, reconcile and report monthly financial statements to leadership team
• Margin analysis reviews
• Review Discounts and communicate necessary adjustments to costing process: Digital Accruals, Chargebacks, Discounts, etc
• Analyze and manage ideal profit + expense ratios

Profit; guide decision making on programs we take/reject

Expenses: suggest expense cuts needed

• Understanding of Beginning + Ending Inventory

QUICKBOOKS

• Reconcile monthly QuickBooks

ROYALTIES:

• Forecast royalties monthly
• Analyze royalty rate + impact to margin and program/total sales mix
• Pull quarterly royalty reports

BANKING

• Manage factoring + early payment programs, paperwork, relationships + deliverables
• Manage terms + cash flow and create a financial plan

PAYMENTS

• Manage Accounts Receivable and projected cash flow
• Manage Accounts Payable: understand and manage vendor payments/terms

PROGRAM ANALYSIS

• Expense/margin reconciliation of programs after costing: shipping, freight, chargebacks/digital accrual

PO LIST

AR REVIEW

• Shipping/Receiving/Invoiced/Payment Receiving + Projected Ship

PAYROLL

• Manage setting up new employees + benefits + 401k contributions in ADP
• Manage setting up payroll in new states, as applicable