VSM Sewing Inc P660
Senior Financial Analyst
VSM Sewing Inc P660, Nashville, TN
Job Title: Senior Financial Analyst
Department: Finance
Reports To: Senior Manager, FP&A
FLSA Status: Exempt
Location: Nashville, TN HQ
ABOUT THE COMPANY: SVP Worldwide, doing business through SVP-Singer Holdings, Inc. and its affiliates, is the world's largest consumer sewing machine company, accounting for approximately one out of every three household sewing machines sold annually across the globe. The company and its three iconic brands - SINGER®, VIKING®, and PFAFF® - have delighted consumers for over 460 years. These premium brands and products are regarded as the choice for serious sewists and novice crafters.
The company's corporate headquarters is located in Nashville, TN, and supported by regional headquarters/sales offices located in Milan (Italy), and Mexico City (Mexico) that, combined, reach consumers in more than 180 countries. SVP has manufacturing facilities across Asia and Latin America, multiple R&D centers, a software development center in Europe, and a global supply chain with distribution centers in all regions.
SVP Worldwide has a history of innovation and has established a leading offering in the Internet-of-Things (IoT) segment by introducing mySewnet®, the industry's first cloud-based operating system. Its product portfolio covers entry-level sewing machines all the way up to advanced, internet-connected, leading-edge household sewing and crafting machines that retail up to twenty thousand dollars and all segments in-between. In addition to sewing machines, the product portfolio includes sewing accessories, notions, garment care products as well as software.
The products are sold across a network of sewing machine dealers, mass retailers (e.g., Costco, Walmart, Lidl, MediaMarkt, Carrefour), specialty retailers (e.g., Joann, Michaels), online retailers (e.g., Amazon, Tmall), distributors, and through the company's 180 internally operated retail stores.
ABOUT THE POSITION:
This role will fill a key role within the Finance organization, responsible for a wide range of activities such as consolidation, financial reporting, and strategic analysis. S/he will support month end close and forecast activities, management financial reporting, and the annual planning process. This role collaborates with cross-functional teams to drive financial performance, identifies opportunities for cost optimization, and contributes to the overall financial health of the company. The ideal candidate will have a strong understanding of finance and accounting, business acumen, critical thinking proficiency, and strong communication skills. The candidate must be customer centric and be able to balance the demands of a rapidly growing, complex, and global business.
Essential functions and key responsibilities are:
QUALIFICATIONS/REQUIREMENTS:
WORK ENVIRONMENT: Works in a typical office environment. Ability to travel domestically and internationally as needed.
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
THE INDUSTRY
The sewing machine industry is a global industry that is experiencing renewed growth. In developed markets, growth rates are projected to outpace GDP growth, according to Global Industry Analysts, Inc., the leading industry data source. Growth in these markets is driven by the millennial generation that is increasingly attracted to personalization, crafts, and self-expression. In developing markets, the industry is expected to grow at 4% annually, fueled by the emerging middle class and the "need to sew" segment that uses sewing machines to support the household.
THE FUTURE
In 2021, SVP Worldwide was acquired by Platinum Equity (www.platinumequity.com), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity has committed to fully support SVP's continued growth and to bring additional financial and operational resources to bear to help accelerate the company's efforts.
Department: Finance
Reports To: Senior Manager, FP&A
FLSA Status: Exempt
Location: Nashville, TN HQ
ABOUT THE COMPANY: SVP Worldwide, doing business through SVP-Singer Holdings, Inc. and its affiliates, is the world's largest consumer sewing machine company, accounting for approximately one out of every three household sewing machines sold annually across the globe. The company and its three iconic brands - SINGER®, VIKING®, and PFAFF® - have delighted consumers for over 460 years. These premium brands and products are regarded as the choice for serious sewists and novice crafters.
The company's corporate headquarters is located in Nashville, TN, and supported by regional headquarters/sales offices located in Milan (Italy), and Mexico City (Mexico) that, combined, reach consumers in more than 180 countries. SVP has manufacturing facilities across Asia and Latin America, multiple R&D centers, a software development center in Europe, and a global supply chain with distribution centers in all regions.
SVP Worldwide has a history of innovation and has established a leading offering in the Internet-of-Things (IoT) segment by introducing mySewnet®, the industry's first cloud-based operating system. Its product portfolio covers entry-level sewing machines all the way up to advanced, internet-connected, leading-edge household sewing and crafting machines that retail up to twenty thousand dollars and all segments in-between. In addition to sewing machines, the product portfolio includes sewing accessories, notions, garment care products as well as software.
The products are sold across a network of sewing machine dealers, mass retailers (e.g., Costco, Walmart, Lidl, MediaMarkt, Carrefour), specialty retailers (e.g., Joann, Michaels), online retailers (e.g., Amazon, Tmall), distributors, and through the company's 180 internally operated retail stores.
ABOUT THE POSITION:
This role will fill a key role within the Finance organization, responsible for a wide range of activities such as consolidation, financial reporting, and strategic analysis. S/he will support month end close and forecast activities, management financial reporting, and the annual planning process. This role collaborates with cross-functional teams to drive financial performance, identifies opportunities for cost optimization, and contributes to the overall financial health of the company. The ideal candidate will have a strong understanding of finance and accounting, business acumen, critical thinking proficiency, and strong communication skills. The candidate must be customer centric and be able to balance the demands of a rapidly growing, complex, and global business.
Essential functions and key responsibilities are:
- Create, maintain, and prepare timely reports, dashboards, and presentations, providing analysis and interpretation of financial results. Highlight key drivers, trends, and areas of improvement
- Develop and maintain accurate financial forecasts and annual budgets, collaborating with department leads to ensure alignment of financial targets and objectives
- Conduct comprehensive financial analysis to understand key drivers of business results. Identify trends, risks, and opportunities to support strategic decision-making.
- Ensure financial results are reported accurately and timely while managing multiple deliverables including month-end activities, forecasting, and budgeting
- Work with FP&A and senior leadership on monthly SG&A support and analysis
- Collaborate with cross-functional teams to support strategic initiatives, provide financial guidance, and contribute to achieving business objectives
- Provide insightful analytics that anticipate change and drive decision making
- Develop enhanced reporting and self-service tools for the FP&A team and department leads
- Support in gathering inputs and building financial models
QUALIFICATIONS/REQUIREMENTS:
- Bachelor's or Master's degree (preferably Finance, Business, Economics, or Accounting)
- A proven track record of academic and professional excellence
- 3+ years of relevant finance experience, focus on Financial Planning and Analysis preferred
- Intellectual and analytical curiosity with proven capability to strategically problem-solve using advanced qualitative analytical skills
- Attention to detail when analyzing data and generating reporting
- Ability to work in a fast-paced environment and adapt quickly to change; demonstrates learning agility with desire to grow and develop
- Ability to communicate complex ideas effectively - both verbally and in writing
- Self-directed, with the ability to organize and prioritize multiple tasks and projects
- Proven ability to work independently as well as within a high performing team
- Highly proficient in Excel, PowerPoint and other planning applications; Power BI a plus
- Knowledge of SQL or other database systems not required but are a plus
WORK ENVIRONMENT: Works in a typical office environment. Ability to travel domestically and internationally as needed.
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Must be able to communicate effectively with employees through multiple forms of technology with telephone and computer. Must be able to receive and convey information.
- The person in this position needs to occasionally move about inside the office to access file cabinets, meeting rooms, copier/printer etc as well as have the ability to remain in a stationary position 50% of the time.
THE INDUSTRY
The sewing machine industry is a global industry that is experiencing renewed growth. In developed markets, growth rates are projected to outpace GDP growth, according to Global Industry Analysts, Inc., the leading industry data source. Growth in these markets is driven by the millennial generation that is increasingly attracted to personalization, crafts, and self-expression. In developing markets, the industry is expected to grow at 4% annually, fueled by the emerging middle class and the "need to sew" segment that uses sewing machines to support the household.
THE FUTURE
In 2021, SVP Worldwide was acquired by Platinum Equity (www.platinumequity.com), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity has committed to fully support SVP's continued growth and to bring additional financial and operational resources to bear to help accelerate the company's efforts.