FP&A Manager - Watch Brands

At Richemont Americas, we aspire to reflect the ever-changing world around us. We are proud to employ talent from many different backgrounds, experiences, and identities to build a continually evolving, inclusive community where the diversity of our colleagues and clients is rich and celebrated. We believe when inclusion is fully embraced and empowered, creativity and knowledge emerge to deliver excellence, advancing the community that is uniquely Richemont Americas.

FP&A Manager, Watch Brands

Richemont| Shelton, CT

Reports to: AVP, FP&A Watch Brands

 

Role Overview

 

As FP&A Manager you will be responsible for the financial outlook (actuals, budget, forecasts, variances) of 2-3 watch brands, including but not limited to analysis to explain underlying business dynamics as well as reporting and commenting on results. In addition, you will develop collaborative relationships with the brand teams locally and centrally to master the specifics of each brand to facilitate strategic partnerships and the ability to drive the various financial processes, support brand management with special projects for strategic decision making and monitor brand KPI’s. As a member of the FP&A Watch Brands team, you will also support various cross brand initiatives such as internal controls compliance.

 

This role requires strong interpersonal skills with significant interaction amongst key stakeholders across the  organization within the brands locally as well as centrally plus within Richemont North America.  Based in Shelton or NY and reporting into the AVP, FP&A Watch Brands, this role requires in-depth knowledge of and interaction with the watch brands as well as Richemont regional functions.

 

Responsibilities

 

• Drive the monthly close process by collaborating with business partners (particularly for reclasses and accruals), managing deadlines, ensuring accurate financial results, monitoring phasing and analyzing trends.
• Review sales analysis to monitor evolution and trends as well as understand key drivers.
• Balance sheet/cash flow analysis (customer deposits, current liabilities, other current debtors, lease reporting) as basis for sound budgeting/forecasting, including monthly phasing.
• Provide timely variance analysis to business partners highlighting potential risks and opportunities.
• Maintain and distribute month-end reporting to brand management, including insightful commentary.  Continue to design relevant reporting and dashboards to meet brands’ needs.
• Prepare capital investment requisitions including detailed P&L’s, supporting commentary and relevant comparatives to brand KPI’s.  Provide guidance on appropriate policies and templates as well as insight on P&L specifics based on brand and/or regional metrics.  Liaise will all key stakeholders (local and central brand teams – commercial, finance, construction; real estate, accounting).
• Track capex spending by project vs budget and approved capital investment requests; collaborate with brand teams for transparency and reconciliation.  Identify and communicate potential issues. 
• Complete ad-hoc reporting and analysis to support broader finance team as needed.
• Work closely with brand personnel to drive the annual budget and rolling forecast processes to ensure timely and accurate submissions, including detailed workpapers and commentary.  Support the brands during annual strategic plan presentations.
• Monitor headcount and work together with HR team to ensure correct reporting for foundation of accurate budgeting/forecasting of personnel costs as well as headcount.