Senior Director of Finance

Company: CorePower Yoga, LLC
Location: Denver
Posted on: September 20, 2023

Job Description:

Thursday, July 20, 2023 OUR PEOPLE POWER OUR PURPOSE Join our team and ignite your intention to make a difference. Together, we'll create an experience powerful enough to transform lives, including your own. Discover what happens when physical meets mindful. We are fiercely committed to our core values of empowering everyone, practicing gratitude, building community, growing forward and laughing together. We embrace our differences and foster an inclusive space where everyone can reach their full potential. We uplift, inspire and guide one another. We make time to share the power of yoga together, celebrate milestones and find joy in the present moment. ROLE SUMMARY The Senior Director of Finance will be responsible for cross-functional financial leadership to nimbly navigate the current business environment by driving revenue and managing expenses. This position will lead all Financial Planning & Analysis (FP&A) for CPY, including owning all aspects of the annual budget process including studio level budgeting + corporate G&A budgeting + roll-up, monthly reporting, reforecasting as needed, rolling forecast updates, as well as, banking covenants and compliance, Board materials and other ad-hoc reporting needs. Detailed financial analysis and preparing financial presentations will be a key aspect of this role. This position reports to the Chief Financial Officer and works closely with the Corporate Controller and other Business Partners. This individual will exhibit the Company's Core Values of Empower Everyone, Practice Gratitude, Build Community, Grow Forward & Laugh Together.

ESSENTIAL JOB DUTIES The Senior Director of Finance job duties include, but are not limited to the following: Leadership: Develop road map for the finance team as a tool to lead & support the development of the team Provide leadership, coaching, and development opportunities for the finance team Advance business/financial acumen training to cross functional team members to continue to grow and improve skillsets Lead Financial reporting and presentation of key data to both support center teams and field teams and external partners as necessary Collaborate cross-functionally to deliver on Corepower company priorities Budgeting/ Forecasting & Capital Planning: Lead the budget and forecast process, including the development of timelines, and definition of deliverables across the business Create monthly board presentations specific to actual vs budget results. Focus on key drivers and insights Work closely with accounting to understand budget vs. actual variances in supporting the monthly financial close Provide monthly support center and studio level actuals compared to budget to business unit budget owners to support accountability Educate budget owners on how to understand their financial results Put into place an extended forecasting process to support up to 3 years of forward looking data, including the modeling of multiple growth strategies Create capital planning process including identification of free cash flow, modeling potential investment opportunities and business case review Reporting & Analytics: Present financial analysis and insights that are tailored to the audience (Operations, Development, Marketing, Senior Leadership team, & Board) Communicate insights from reporting in reviews with CFO and cross-functional teams Lead efforts to manage studio level profitability through expense management at different revenue levels Oversee data-driven approach to generating insights to support decision making Manage the distribution of daily, weekly and monthly reporting; supporting the continuous improvement of the process over time Perform ad hoc financial and non-financial modeling and analyses and provide strategic insights and recommendations Support company priorities with projects identified during full year and mid-year priority setting. Banking/Treasury: Work closely with accounting on monthly and quarterly bank reporting deliverables Oversee and develop assumptions for the 5 year forecasting model for bank covenants Manage banking requirements and liquidity management Work with banks to leverage return on idle cash

EDUCATION, SKILLS & QUALIFICATIONS Bachelor's degree, preferably in Business, Finance, Economics, or Accounting required; MBA preferred 10+ years of finance, accounting or experience, preferably in multi-unit operating company. Ideal candidate will have experience working within multi-unit operating companies and building and owning cross-functional budgets, forecasting, financial analysis, banking documentation, and dynamic modeling as well as knowledge of accounting in accordance with GAAP including capitalization vs expense requirements Familiarity with financial systems and tools, such as Spreadsheet Server, SmartSheet, Tableau and Netsuite Highest standards of accuracy and precision; highly organized and detail oriented with an eye for visual formatting Highly-driven and self-motivated including curiosity to learn & expand skillset. Ambitious, and passionate leader that has a high level of emotional intelligence and self-awareness and ability to work well with others including team and cross-functional departments Demonstrated cross-functional project management skills Creative thinker and change maker that can identify opportunities and follow through on implementing ideas BENEFITS Company offered Medical, Dental and Vision plans Life insurance Disability insurance Employee assistance program 401(k) Generous paid time off policies Complimentary membership to CPY COMPENSATION Salary Range: $140,000 to $165,000 based on experience Bonus potential up to 20% WHO WE ARE CorePower Yoga is sharing the transformative power of yoga with every mind, everybody, everywhere. We are the nation's largest yoga studio brand with over 200 locations across the country, digital livestream and on-demand classes, and thousands of passionate yoga teachers providing the opportunity for people to breathe, move and sweat together - discovering the magic that happens when physical meets mindful. We believe in the power of connecting with community, making a difference, and the power that is yours from the inside out. This job description is not necessarily an exhaustive list of all responsibilities, skills, duties, requirements, efforts, or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, we reserve the right to revise the job or to require that other or different tasks be performed. CorePower Yoga is an equal opportunity employer of all qualified individuals, including minorities, BIPOC, LGBTQ+, veterans & individuals with disabilities. CorePower Yoga provides reasonable accommodation and/or modification to disabled individuals to assist in the application process. Any individual requiring accommodation/modification to complete this application should contact Human Resources at HumanResources@corepoweryoga.com .

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