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Senior Financial Planning & Analysis Manager, CPG
Senior Financial Planning & Analysis Manager, CPGMagnolia Bakery • New York, NY, US
Senior Financial Planning & Analysis Manager, CPG

Senior Financial Planning & Analysis Manager, CPG

Magnolia Bakery • New York, NY, US
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Job Description

Job 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 : Senior FP&A Manager, CPG

Position Summary : We are seeking a highly motivated and experienced Senior 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.

Salary : $130,000-$145,000 + 7% Bonus Eligibility

Location : Hybrid (New York City)

Reports to : Chief Financial Officer (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 non-trade 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
  • Co-develop 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 cost-saving initiatives
  • Partner with logistics team to understand and minimize freight and warehousing costs
  • Provide financial insights based on product-specific and channel / customer-specific sales analysis to inform strategic planning and business growth
  • Participate in ad-hoc projects

    • Required :

  • Bachelor's degree required in business, accounting, or a related field
  • 3 + years FP&A experience
  • Advanced Excel skills
  • Advanced analytical skills
  • Knowledge of USGAAP
  • Experience in CPG
  • Experience working with and managing UNFI chargebacks and other chargebacks
  • Experience working with retailer trade spend accruals

    • Preferred :

  • Experience working with NetSuite
  • Experience implementing and using an FP&A tool
  • Experience implementing and using a chargebacks management tool
  • Experience working in a fast-growing 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

    • #LI-HYBRID

    Magnolia Bakery is an Equal Opportunity Employer and participates in E-Verify.

    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.
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    Manager Financial Planning • New York, NY, US