Controller / Director of Finance Full Time NEW

About the Company

At Stance, we believe everything starts and ends with our people.  Self-reliant in our attitude, and entrepreneurial in our ethos, we have grit, guts and gratitude.  Stance is a culture that cannot be duplicated – where smart, ambitious, and positive people thrive.

In 2009, we took what was once a stagnant staple and transformed socks into one of the market’s most exciting accessories. By unlocking the potential of a canvas too often overlooked, Stance ignited a cultural movement around the world that has attracted visionary artists, athletes and icons to embrace our positive message of individuality and creativity. In the years since, our canvas for self-expression has expanded from toe to head by way of underwear, apparel and headwear. Through innovative materials, superior comfort and artistic design that is the bedrock ethos of our brand, Stance can now be found in over 40 countries for anyone looking to defy convention.  We are Stitched Different®.

About The Role

The role will lead, motivate, engage and manage the Finance team (including Accounting, AP, AR and FP&A teams), as well as partner with all other departments throughout the company to implement continued operational efficiency and financial discipline.

About the Reporting Structure

Reports to: CEO
Direct Reports: Senior AP Manager, Accounting & Royalty Compliance Manager, CPA, Director of Credit.

About the Responsibilities & Duties

Culture

• Recognizes that Stance is a team sport.
• Constantly seeks to align themselves to the strategic, financial and cultural plans of the company.
• Drive performance that delivers excellence in a way that preserves and enhances our ability to get results in the future.
• Foster an entrepreneurial atmosphere that supports continuous improvement, creativity, resourcefulness and a get it done mentality.
• Focus on creativity that enables imagination used to plan our future, solve problems and excite our consumers.
• Consistently express gratitude to acknowledge the help and contributions of others.
• Demonstrate personal responsibility in order to shepherd and safeguard our values and commitments.
• Respect one another, our communities, our planet and ourselves.
• Support a communication style built upon transparency, directness, consistency and respect.

Accounting

• Motivate and engage the accounting team to produce excellent results.
• Supervise the accounting staff in the monthly close process as well as training and development.
• Provide key stakeholders with reports related to margin analysis and royalty payments to licensors.
• Manage the month-end close, general ledger maintenance, monthly journal entries, and financial statement preparation.
• Manage the accounting modules of Full Circle.
• Manage and produce accurate and timely monthly financial statements, analyses, and reports.
• Establish and maintain strong relationships with senior leadership to identify their needs and seek a full range of business solutions.
• Perform month-end closing and financial reporting process including account analysis and reconciliation.
• Assist with various types of dashboard reports – including forecast, budget, cash flow, profitability reporting, business unit reporting, contribution margin, etc.
• Evaluate and document accounting and operational procedures.
• Establish and train staff on appropriate internal controls.
• Prepare for and manage financial audits from various audiences including banking, insurance, CPA firm, and governmental.
• Help manage the company 401k program.

AP

• Motivate and engage the accounts payable team to produce excellent results.
• Manage the commissions process for paying outside sales reps.
• Manage and maintain the employee expense reimbursement program to accurately and efficiently process employee expense reports.
• Manage the invoice payment process to pay vendors quickly and accurately.
• Manage all necessary governmental forms such as year-end 1099s.

AR

• Motivate and engage the accounts receivable team to produce excellent results.
• Manage the timely collection of past due accounts receivable.
• Recommending collection strategies and conclusions related to credit decisions
• Manage the team’s KPIs such as Days Sales Outstanding, time to open new accounts, and chargebacks as a percentage of sales.

FP&A

• Evolve and elevate financial planning and analysis reports to provide visibility into the critical areas of the business.
• Direct the preparation of regular and special budgets and related reports.
• Examine budget estimates for completeness, accuracy, and conformance with policies and procedures.
• Compile and analyze accounting records and other data to determine the financial resources required to implement a program.  This includes cost-benefit analyses to compare operating programs, review financial requests, and explore alternative financing methods.
• Review operating spend versus budget to analyze trends affecting budget needs.
• Summarize budgets and submit recommendations for the approval or disapproval of funds and requests.
• Consult with managers to ensure that budget adjustments are made in accordance with program changes.
• Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
• Seek new ways to improve efficiency and increase profits.

Additional Responsibilities

• Influencing other departments throughout the company to implement continued operational efficiency and financial discipline
• Influence all cost center owners to allocate resources in the best interest of creating shareholder value.
• Collaborate with the wholesale operations team for efficient order management.
• Work with the e-commerce team for efficient transmissions from their system to Full Circle.
• Work with the Stance retail teams for efficient transmissions from their system to Full Circle.
• Work with the HR team for accurate and efficient payroll processing.
• Work with the legal team for risk management and contract adherence.
• Assist with special projects as needed.

Experience & Requirements

• Fundamental knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data including sound understanding of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Knowledgeable about computer hardware and software, including applications and programming available and commonly used in Accounting, Budgeting and Financial Analysis.
• Capable of clear and concise oral and written communication in the English language
• Capable of using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Capable of sound judgment and decision making, including how to estimate and analyze the relative costs and benefits of potential actions to choose the most appropriate one. Understands the implications of new information for both current and future problem-solving and decision-making.
• Able to identify measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
• Understands basic systems Analysis – Can determine how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
• Capable of complex problem solving — Can identify complex problems and review related information to develop and evaluate options and implement solutions including the ability to combine pieces of information to form general rules.
• Strength in analyzing data or information – Can identify the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Committed to keeping up-to-date technically and applying new knowledge to your job.
• Ability to work with confidential information of a privately held company.
• Ability to work and communicate well with all levels of staff and management.
• Experience with revenue recognition, stock options, inventory, foreign currency, and other financial reporting requirements.
• B.S. in Accounting or Finance.
• CPA required.
• MBA a plus
• Minimum of 8-10 years of hands-on experience and supervisory experience.

Benefits

• Health Insurance – approximately 75% covered by employer
• Freedom & Accountability – unlimited PTO
• Cell Phone and Work-From-Home reimbursement
• Hybrid work schedule – 4 days per week in office
• 11 paid Holidays, including Thanksgiving Break (Thursday + Friday) and Christmas Break (12/24 – 1/1)
• 401(k)
• Stock options
• Employee discount
• Stance facility access – gym, basketball court, locker room, etc.

Tagged as: accounting, california, controller, finance, san clemente