Senior Financial Analyst - Supply Chain

Company: Sonos Inc
Location: Santa Barbara
Posted on: January 22, 2025

Job Description:

At Sonos we want to create the ultimate listening experience for our customers and know that it starts by listening to each other. As part of the Sonos team, you'll collaborate with people of all styles, skill sets, and backgrounds to realize our vision while fostering a community where everyone feels included and empowered to do the best work of their lives.This role can be done from homeBuilding the world's leading sound experience starts with the experience we provide for our people. That's why we've been distributed from the start: initially between offices in Boston & Santa Barbara, and now with additional offices around the globe. This role can be done from any of our offices across the United States or remotely from home. It's about impact, not location.#LI-RemoteThe Senior Financial Analyst, Supply Chain Finance is a key member of the Sonos Operations Finance team, supporting 20+ business partners who own -$1B of annual COGS. As a trusted business partner and advisor to the supply chain organization, this person will be responsible for delivering an annual operating plan, monthly forecasting, results validation and reporting, supporting the quarterly earnings process, long-range planning and KPI achievement, and business case support for the supply chain and business operation organizations. This position requires a deep understanding of GAAP accounting principles, clear communication with key partners across multiple geographies, attention to detail, and a process and efficiency mindset. This position reports to the Senior Manager, Operations Finance.What You'll Do

• Prepare annual operating plan, monthly forecasts and reporting for finished goods inventory, and other COGS items working with the business operations to identify key drivers and quantify relevant risks and opportunities
• Provide data and supporting documentation to the inventory accounting team to assure completeness and accuracy of our quarterly financial results
• Compile monthly financial scorecards for Operations KPI performance ( COGS and Gross Margin)
• Gain understanding of standard costing methodology and amortization; partner with inventory accounting team to suggest expense recognition policies that enable accurate gross margin reporting at the product level, and ultimately oversee the standard costing process @Sonos
• Support Core FP&A team and finance leadership in quarterly earnings preparation, helping them understand key cost drivers in the COGS space
• Partner with trade compliance team in providing quarterly rate cards to support Sonos import process, ensuring accurate valuation of imported goods; leverage this information to inform tariff and duty forecasts
• Focus on leveraging technology to support process improvement opportunities to improve forecast efficiency and accuracy, and lead the system development initiatives driven by Operations Finance (Anaplan, Tableau, etc.)
• Finance partner for business case/decision support for supply chain initiatives and contract negotiations; includes reviewing contracts for alignment with Sonos purchasing and payment policies, validation of financial exposure and quantification of expected benefits, risks and opportunitiesWhat You'll NeedBasic Qualifications
  • Master's degree in Finance, Accounting, Economics or technology related field required
  • 3+ years of experience in offered position or related position (FP&A, accounting, or supply chain)
  • Alternatively, can accept a Bachelor's degree in Accounting, Finance, Economics or technology related field with 5 years of experience in offered position or related position
  • Financial experience should include deep understanding of GAAP, gross margin drivers, P&L and balance sheet familiarity
  • Experience collaborating with business partners and managing operating budgets
  • 2+ years of experience supporting supply chain for a multinational consumer products, technology or manufacturing company
  • Experience synthesizing multiple large data sets using analysis tools for analysis and insights
  • Advanced analytical skills, including aptitude with MS Excel/Google Sheets to create financial models
  • Strong attention to detail and process improvement mindset
  • Prior exposure to financial forecasting tools (Anaplan), ERP systems (SAP) and data visualization tools such as Tableau, SAP Analytics Cloud and MicrostrategyPreferred Qualifications
    • Ability to communicate and collaborate with global business partners who have varying levels of financial literacy
    • Ability to prioritize and deliver in a fast-paced and dynamic environment with a high degree of personal accountability
    • Self-starter demonstrating high energy/creativity, relentless customer-focus, and entrepreneurial spirit
    • A passion for collaborating with others to deliver the best possible outcome while balancing key constraints
    • High integrity, intellectually curious, self-aware, proactive communicationResearch shows that candidates from underrepresented backgrounds often don't apply for roles if they don't meet all the criteria. If you don't have 100% of the skills listed, we strongly encourage you to apply if interested.Visa Sponsorship: Sonos is unable to sponsor or take over sponsorship of an employment visa for this role at this time. We ask that applicants be authorized to work for any US employer, both now and in the future.At Sonos we consider a wide range of factors when determining compensation, which may lead individual compensation to vary depending on job related qualifications, skills, and experience. All full time employees are eligible for merit increases, discretionary bonuses, and equity. Our job postings may span more than one career level and the base pay range may be modified in the future based on changing market conditions. The starting base pay for this role for all US candidates is between: $90,000 and $100,400Please note that compensation details listed in US job postings reflect the base salary only, and do not include bonus, equity, or benefits.We also offer a comprehensive benefits program with choice and flexibility in mind to help support the health, wealth, and overall well-being of our employees. Regular full time employees in the US are eligible for benefits on day one, including:
      • Medical, Dental, and Vision Insurance
      • A 401(k) plan with company matching and immediate vesting
      • An Open Time Off policy (OTO) so you have maximum opportunity to disconnect and recharge, with no tenure-based vacation accruals required
      • 80 hours of sick time upon hire, refreshed annually
      • Up to 12 paid holidays per calendar year
      • 12 weeks of paid Bonding Leave following the birth or adoption of a new child, plus up to an additional 12 weeks of Medical Leave for birthing parents under our Short Term Disability policy
      • Company-paid Disability, Life, and AD&D Insurance
      • Voluntary benefits, including Voluntary Life, AD&D, Accident, and Pet Insurance
      • Mental health benefits to support your holistic well-being
      • A generous employee discount program & Sonos Radio HD - on us!For a holistic overview of our benefits, please visit .Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.Your profile will be reviewed and you'll hear from us once we have an update. At Sonos we take the time to hire right and appreciate your patience.Notice to U.S. Job Applicants: Sonos is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.Follow the links to review the and its . Sonos is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to accommodations@sonos.com and let us know the nature of your request and your contact information.

Keywords: Sonos Inc, Los Angeles , Senior Financial Analyst - Supply Chain, Professions , Santa Barbara, California