Full-Time

Finance Manager

Updated on 11/21/2024

The Honest Company

The Honest Company

201-500 employees

Eco-friendly consumer goods and subscription services

Consumer Goods

Compensation Overview

$105k - $140kAnnually

Mid

Los Angeles, CA, USA

Hybrid position requiring 2-3 days in office per week.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Inventory Management
Financial analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s Degree in Economics, Math, Computer Science, Management Science or other quantitative field
  • 5-7+ years of analytical experience in investment banking, management consulting, or private equity and/or a corporate development, strategy, accounting, supply chain finance, or planning & analysis role at a leading consumer company
  • Strong financial acumen and grasp of corporate finance fundamentals, including experience with budgeting, forecasting, and variance analysis
  • Advanced proficiency with Microsoft Excel, including 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
  • Prepare and maintain monthly and quarterly financial reports, including evaluation of operational performance and supply chain variance analysis
  • Own and maintain financial forecasts and models that drive planning for the business
  • Develop and present analyses and reports on key financial and operating metrics and performance indicators, translating them into actionable business strategy
  • Create scenario based financial projections for strategic projects in collaboration with the Strategy, operations and R&D teams
  • Represent the Finance team in providing business support (ongoing performance reviews, planning, analysis, new product launch support, etc) to cross functional partners
  • Conduct financial analysis to identify potential areas for costs optimization and efficiency of operations, fulfillment, and manufacturing processes
  • Evaluate the financial impact of differences between actual performance and budget/forecast, particularly in operations and fulfillment, to highlight opportunities for improvement
  • Support Honest’s expansion, which will include analytical initiatives such as financial modeling and forecasting, go-to-market strategy formulation, and partnership negotiations
  • Provide deep insight and discover opportunities that drive our business; for example, inventory management and cost efficiency
  • Collaborate and coordinate with stakeholders across the company in the development and execution of key projects and initiatives
  • Assist in evaluation and implementation of capital projects and strategic initiatives by performing analyses such as ROI, market sizing, benchmarking, market deep dives, etc.
  • Assist in preparation of presentations for senior management and provide analyses and recommendations to assist with strategic decision-making
  • Develop a deep understanding of industry trends as well as competitive threats and opportunities

The Honest Company provides a range of eco-friendly consumer goods, including beauty, baby, and cleaning products. Their products are designed with clean, safe ingredients and are dermatologist-approved, appealing to health-conscious consumers who value sustainability and ethical practices. The company operates primarily through direct-to-consumer sales on its website, offering subscription services like the Diapers & Wipes Bundle, which allows customers to save on regular shipments. This model not only ensures convenience for customers but also creates a steady revenue stream for the company. What sets The Honest Company apart from its competitors is its strong commitment to transparency, social justice, and human rights, which is reflected in its business practices and product offerings. The company's goal is to deliver high-quality, sustainable products while maintaining ethical standards throughout its supply chain.

Company Stage

IPO

Total Funding

$489.3M

Headquarters

Los Angeles, California

Founded

2012

Growth & Insights
Headcount

6 month growth

2%

1 year growth

-2%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent leadership appointments, including a new CFO and Chief People Officer, signal a strategic focus on growth and operational excellence.
  • Expanding partnerships, such as with Tinuiti, highlight the company's commitment to marketplace expansion and sustained growth.
  • The Honest Company's dedication to clean, dermatologist-approved products continues to attract a loyal customer base, ensuring long-term brand loyalty.

What critics are saying

  • The departure of founder Jessica Alba as Chief Creative Officer may impact brand perception and creative direction.
  • The competitive landscape in the eco-friendly consumer goods market requires continuous innovation to maintain market share.

What makes The Honest Company unique

  • The Honest Company stands out with its strong commitment to sustainability and ethical practices, appealing to health-conscious consumers.
  • Their direct-to-consumer model, combined with subscription services, ensures a steady revenue stream and fosters customer loyalty.
  • The company's transparency in ingredient sourcing and product formulation builds trust and sets it apart from competitors in the consumer goods market.

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