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An established industry player in the pet and companion animal sector is seeking a dynamic Senior Vice President of Finance. In this pivotal role, you will lead the finance and IT functions, directly reporting to the CEO. Your strategic insights will drive the company's growth trajectory, supported by a talented team. This position offers a unique opportunity to influence financial strategies, manage risks, and enhance profitability in a fast-paced environment. If you are a self-starter with exceptional leadership skills and a passion for finance, this role is perfect for you.
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Position Title:Senior Vice President of Finance
Department:Finance
Classification:Exempt
Reports To:Chief Executive Officer- BrightPet
Location:Remote with 50-60 % travel
BrightPet is a leading consumer brand and manufacturing company in the pet and companion animal industry. BrightPet pioneers a portfolio of widely recognized leading consumer brands, including Stewart, Bravo, Blackwood, Adirondack, By Nature, Miracle Care and Hamilton with holistic, natural, and organic solutions. The Stewart brand boasts the number one market share for freeze dried raw treats on all major digital retailers. Blackwood is exported to more than a dozen countries. BrightPet owns five manufacturing facilities and has unparalleled manufacturing capabilities in the pet industry. BrightPet is on an aggressive growth trajectory and has completed an expansion at four of the five manufacturing facilities in the last three years. This increased volume and expanded capabilities have allowed BrightPet to set new record revenue every year for eight straight years.
Position Justification:
We are seeking a dynamic and experienced Senior Vice President of Finance to lead our finance and IT functions of BrightPet, while also serving as an integral member of the BrightPet executive team. Reporting directly to the CEO, the SVP of Finance will help develop and oversee implementation of the short- and long-term strategic growth plan for the company. The SVP will be supported by the Manager of FP&A and the Business Intelligence/Information Technology Team and will guide and develop the Finance leads for the Operating entities (IBTs). The SVP will work closely with the Corporate Controller who will continue to oversee the accounting functions
Desired Background:
·Progressive experience managing and reporting financial results for manufacturing or CPG companies
·Presentation skills and ability to provide succinct conclusions on complex financial items
·Zero-based budgeting build up experience
·Strong understanding of cost accounting
·SQL/Python background is a plus
·Multi-site leadership is a plus
·Private equity experience is desired
·CPA is preferred
Core Duties:
· Thought Leader
oProvide valuable insights into overall business strategy
oProvide a financial viewpoint on risks and opportunities in the business
oOwn Risk Management and reporting in the business
oMonthly review of each legal entity’s financial statements. Understand financial performance and suggest and implement key actions to improve profitability
oPresentation of monthly result to executive team and Board of Directors
· Profitability
oWeekly review and presentation of sales to pinpoint gaps vs. budget and implement improvements
oApproval of new quotes for potential items/customers
oBuild up and implementation of standard costs at kibble facilities to better identify profitability by SKU
oQuarterly pricing reviews to determine gaps in profitability and provide recommendations on pricing adjustments (led by Director of Finance, Co-Man)
oSupport standardization of discount allocation for branded sales and negotiate terms with large retail partners (led by Director of Finance, Brands)
· Critical Partner to Operations
oAlong with BI/IT team and operations, implement a transparent order-to-ship process to provide clear operational goals and improve customer service
oReview and support financial returns of Capital Projects (will be led by Controllers)
oImplement standard costing for better production scheduling
· Treasury Management
oWeekly review of cash flow prepared by Corporate Controller to balance initiatives and improve overall cash flow of BrightPet
oImprove cash flow through inventory management and targets
oLead quarterly Board meeting planning and communication
· Budgeting, Financial Modelling, & Forecasting
oLead annual zero-based budgeting process across all business divisions
oOwn 5-year operating model
oImplement rolling 3-month forecasts for volume and profitability
oComplete ad hoc reforecasts based on changes in the business (at least semi-annually)
oComplete quarterly covenants and lead communication with lenders
· Legal Review
oReview customer, vendor, and broker contracts for high level legal review
oAcross all initiatives, utilize best practices for automation and AI to better leverage role
Essential for Success:
Required Education:
Experience and Skills Requirements:
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
·Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects. Repetitive motion. Substantial movements (motions) of the wrists, hands, and/or fingers. The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
Professional office and manufacturing environment. Performance in this position will occasionally require exposure to the manufacturing areas where, in certain areas, the use of personal protection equipment will be required. Floors may be wet and slippery when in the manufacturing area and you will be exposed to temperatures around 40 degrees when on the manufacturing floor. Primary office environment is ambient room temperatures, lighting and traditional office equipment as found in a typical office environment.
Required Competency:
•Strategic Thinking
•Acute Analytical Skills
•Decision Making/Judgment
•High Energy/Passionate
•Humble/Low Ego
•Business Acumen
•Coaching & Mentoring
•Focused on Continuous Improvement
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
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