Full-Time
Director/Sr Director
Commercial Finance
Posted on 6/27/2024
SKIMS
501-1,000 employees
Designs and produces shapewear and loungewear
Compensation Overview
$160k - $230kAnnually
Senior, Expert
Los Angeles, CA, USA
Hybrid position in Los Angeles, California.
- 4-year degree in Business, Accounting, Finance or Economics; Graduate degree preferred
- 7 – 10+ years of experience in Retail Finance, Financial Planning and Analysis, Business Planning, Management Consulting, or similar experience
- Previous experience in the retail industry is highly desirable
- Strong analytical skills and strategic modeling experience as well as demonstrated business acumen; Keen problem solving with a high level of intellectual curiosity, ability to dive deep, find solutions and deliver results
- Solid experience with key financial planning tools and systems as well as Microsoft Office skills including but not limited to Excel and PowerPoint
- Executive presence, excellent interpersonal and communication skills (both verbal and written), with the ability to clearly communicate and present to senior management
- Strong cross-functional business partnership, working as a trusted thought partner in supporting key business decisions and enabling strategic initiatives which help improve the organization’s financial performance
- Experience driving alignment on a common vision of success with key stakeholders to drive near and longer-term business results
- Strong track record of process implementation and transformation with a continuous improvement mindset
- Passionate, high-energy, and impactful team-player with ability to navigate a fast-paced environment
- Partner with the Chief Commercial Officer to drive and execute Mono-brand & Multi-brand strategies
- Provide financial and analytical leadership for long-range planning initiatives including supporting the Multibrand and Monobrand annual operating and 3-Year strategic financial plans in partnership with key commercial leaders
- Develop financial models that reflect an aligned approach between business imperatives, investment/capital expenditure strategy and profitability goals
- Prepare retail store pro-forma P&Ls and scenario analysis, in service of the brand’s retail expansion strategy
- Evaluate new multibrand partnerships and prepare partner pro-forma and actual P&Ls, including informing the negotiation of partner terms & conditions and new business models
- Develop rolling financial forecast including revenue, margin and operating expenses; as well as analyze key drivers of actual performance versus forecast/budget. Drive high level of accountability and ownership with commercial business leaders on performance management.
- Partner with the Planning function in managing inventory planning & forecasting for the Multibrand and Monobrand channels
- Support preparation of weekly/monthly/quarterly financial business reviews and other reporting for the senior leadership team and Board of Directors, including strategic/business insights and progress against key performance measures.
- Identify opportunities to elevate existing processes & tools to support long-term, sustainable growth
- Perform ad hoc analysis as needed to assist in management decision making
SKIMS designs and produces underwear, loungewear, and shapewear that cater to a variety of body types. Their products are made to be comfortable while enhancing the wearer's natural shape. The product line includes shapewear, stretchable underwear, and versatile loungewear, all aimed at modern consumers who value comfort and functionality. SKIMS primarily sells its products directly to customers through its website, allowing for better control over branding and customer experience. This direct-to-consumer approach helps the company maintain higher profit margins by eliminating middlemen. SKIMS stands out in the market by focusing on inclusivity and offering a wide range of sizes and styles, making it appealing to individuals looking for stylish and comfortable undergarments. The company's goal is to set new standards in the apparel industry by providing high-quality, comfortable clothing that meets the needs of diverse consumers.
Company Stage
Series C
Total Funding
$650.8M
Headquarters
Culver City, California
Founded
2018
6 month growth
↓ -2%1 year growth
↓ -1%2 year growth
↓ -1%
Simplify's Take
What believers are saying
- Expansion into men's wear taps into a new demographic and market share.
- Collaborations with brands like The North Face enhance product offerings and appeal.
- Opening permanent stores increases brand visibility and customer engagement.
What critics are saying
- Loss of key marketing personnel could impact brand strategy and execution.
- Increased competition in shapewear market may dilute Skims' market share.
- Challenges in maintaining exclusivity as Skims expands into brick-and-mortar retail.
What makes SKIMS unique
- Skims offers a wide range of inclusive shapewear and loungewear.
- The brand focuses on comfort and enhancing natural body shapes.
- Skims employs a direct-to-consumer model for better brand control and profit margins.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Fertility Treatment Support
401(k) Company Match
401(k) Retirement Plan
Unlimited Paid Time Off
Professional Development Budget