Director of Finance Operations and Systems

Company Description

Acquco acquires and accelerates top Amazon brands. Acquco uses a highly measured approach to identify and evaluate each brand and scale it globally using proprietary technology and operating expertise. With in-depth due diligence, flexible deal structures, and a commitment to transparency, sellers can exit their businesses quickly and earn substantial payouts. Acquco’s unmatched Amazon operator expertise assures sellers that their businesses will see substantial brand growth post-acquisition. Acquco is headquartered in NYC. For more information, please visit www.acqu.co.

We are focused on building the largest e-commerce platform in the world. Founded by a team of seasoned ex-Amazon operators, Acquco strategically acquires the best brands and accelerates their growth across Amazon, Walmart, Shopify, and other e-commerce ecosystems. We’ve raised over $160M of institutional capital since our inception in 2020, and are focused on rapidly scaling our portfolio team.

In the News: Recently featured on Techcrunch, Crunchbase, Business Insider, Pymnts, Pitchbook

Job Description

The Director of Financial Operations & Systems will play a crucial role in optimizing financial operations & systems  within a fast-growing, e-commerce company with over 20 brands and operating across 15 countries and 20 sales channels. 

The role owns and drives the operationalization of Finance transformation, with a focus on ERP implementation (Netsuite) and core finance systems & process design and enablement. The individual will collaborate cross functionally, acting as a bridge between operations and finance, ensuring a two-way flow of information, while streamlining processes. This role requires a strong understanding of how supply chain management affects an organization’s financial performance.

Responsibilities: 

1. NetSuite Interaction / Planning:

   • Lead a holistic review of brand operations, supply chain and finance processes, policies, controls, and requirements within NetSuite.

   • Identify areas for improvement and develop recommendations to optimize NetSuite configuration and utilization.

   • Streamline manual processes, enhance inventory accuracy, and reduce excess inventory through targeted initiatives.

   • Customize NetSuite workflows, forms, and reports to align with supply chain and finance processes and requirements.

2. Process Optimization:

   • Lead new and existing core finance process enablement through requirements gathering, process design, and automation working with all Finance  & Accounting teams, and cross-functional teams (Brand Operations and Supply Chain teams).

   • Launch new financial processes to support expansion into omnichannel and international markets.

   • Identify and streamline manual processes within supply chain & inventory operations, leveraging automation and technology solutions.

   • Develop high-level workflows and detailed standard operating procedures (SOPs) to ensure consistency and compliance across Finance & Accounting

3. Financial Management of Inventory Operations:

   • Lead financial analysis of inventory management practices, including inventory turnover, storage costs, and obsolescence.

   • Collaborate closely with supply chain teams to optimize working capital and cash flow within inventory operations.

   • Develop and implement strategies to minimize excess inventory and improve inventory accuracy.

4. Supply Chain Financial Reporting and Analysis:

   • Oversee month-end close processes for inventory-related accounts, ensuring accuracy and compliance with accounting standards.

   • Prepare and analyze financial statements, variance analysis, and KPIs specific to inventory operations.

   • Provide actionable insights and recommendations to optimize inventory performance and improve financial outcomes.

5. Supply Chain Strategic Planning and Budgeting:

   • Support the development of annual and quarterly budgets for inventory operations, aligning financial goals with strategic objectives.

   • Monitor actual performance against budgeted targets, identifying opportunities for cost savings and operational improvements.

   • Provide financial guidance for inventory-related capital investments and strategi