Full-Time

VP – Finance

Posted on 7/24/2024

The Honest Company

The Honest Company

201-500 employees

Eco-friendly consumer goods and subscription services

Consumer Goods

Compensation Overview

$225k - $280kAnnually

Expert

Los Angeles, CA, USA + 1 more

More locations: Minneapolis, MN, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor’s and/or Master’s Degree in Business, Finance, Economics, Math, Computer Science, or other quantitative field
  • 15+ years of finance, planning and analysis or strategy experience in leading consumer package goods companies
  • Strong financial acumen and grasp of corporate finance fundamentals, including experience with budgeting, forecasting, variance analysis and valuation methods
  • Advanced proficiency with Microsoft Excel, including experience building and maintaining financial models
  • Strong problem solving skills such as prioritization, critical thinking and hypothesis development
  • Superior verbal and written communications skills, particularly the ability to develop cogent arguments and present them concisely to a range of stakeholders, including executives
  • Humble attitude with a willingness to shift from high-level strategic thinking to stepping in and helping to drive implementation alongside functional teams
Responsibilities
  • Manage and lead all elements of The Honest Company’s financial planning process with a strong connection between long-term strategy and execution
  • Ensure delivery of long-term objectives through strategy, initiative planning and resourcing, and proper controls
  • Lead the finance team in building and maintaining financial projections in support of the company’s strategic plan, long-range plan, annual operating plan and regular forecasts
  • Develop and manage the company’s cash flow and balance sheet planning models and make recommendations on appropriate capital structure aligned with strategic objectives
  • Lead all aspects of financial design for product initiative launches, including pricing, marketing support models, project financials, ROI and optimal cost structure
  • Lead the development of the brand portfolio analytics and financial insights to support strategic market penetration plans in retail distribution
  • Proactive identification and valuation analysis of business issues and opportunities for driving growth in-stores and trade efficiencies
  • Partner with R&D to support New Product Development process and business case development
  • Proactive identification of operating cost savings initiatives and development of productivity measurement tools in the areas of supply chain, procurement, technology and administrative functions
  • Partner with technology and operating leadership on the identification and business case build for system implementations that enable the operating teams to achieve commercial excellence, such Sales Planning, Demand Planning, Trade Promotions Management, Product Lifecycle Management and Consumer Insights & Analytics
  • Build and maintain strong partnership with Accounting and SEC reporting to ensure accurate and timely financial reporting during monthly and quarterly close process
  • Develop a deep understanding of industry trends, benchmark company financial models as well as competitive threats and opportunities
  • Prepare presentations for senior management and the Board of Directors and provide analyses and recommendations to assist with strategic decision-making
  • Oversee the shareholder return model, board alignment of sales and profit targets to accelerate profitable growth, while delivering against investor expectations
  • Embark on the creation of a Corporate Development discipline that identifies potential target businesses aligned with strategic objectives and oversee the M&A pre-diligence, on-going strategic assessment and monitoring, management of investment banker activities and deal funding recommendations

The Honest Company provides eco-friendly consumer goods, focusing on beauty, baby, and cleaning products. Their products are made with clean, safe ingredients and are dermatologist-approved, appealing to health-conscious consumers who value sustainability and ethical practices. The company operates a direct-to-consumer model through its website, offering subscription services like the Diapers & Wipes Bundle, which allows customers to save on regular shipments. This approach not only ensures a steady revenue stream but also encourages larger purchases with free shipping on orders over $50. The Honest Company stands out from competitors by emphasizing transparency, social justice, and human rights in its operations, aiming to deliver high-quality products while maintaining ethical practices throughout its supply chain.

Company Stage

IPO

Total Funding

$489.3M

Headquarters

Los Angeles, California

Founded

2012

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in bilingual products can expand The Honest Company's market reach.
  • Experiential retail spaces offer opportunities for immersive brand experiences and customer engagement.
  • New leadership appointments bring fresh strategies for growth and operational efficiency.

What critics are saying

  • Increased competition in the eco-friendly market could dilute The Honest Company's market share.
  • Jessica Alba's departure may impact brand perception and customer loyalty.
  • Reliance on direct-to-consumer sales is vulnerable to changes in online shopping behaviors.

What makes The Honest Company unique

  • The Honest Company offers eco-friendly products across beauty, baby, and cleaning categories.
  • It emphasizes transparency, social justice, and human rights in its business practices.
  • The company provides customizable subscription services for recurring revenue and customer convenience.

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