Party City Looking for Vice President of Financial Planning Analysis at Woodcliff Lake, NJ Full Time

Party City Holdco Inc. (PCHI) is a global leader in the celebrations industry, with its offerings spanning more than 70 countries around the world. PCHI is also the largest vertically integrated designer, manufacturer, distributor, and retailer of party goods in North America.

PCHI team members demonstrate a daily commitment to the company’s Brand Purpose: to inspire joy by making it easy for customers to create unforgettable memories.

PCHI operates across multiple businesses within its Retail Division and Consumer Products Division. On the retail side, Party City (partycity.com) is the leading omnichannel retailer in the celebrations category, operating more than 800 company-owned and franchise stores, as well as Halloween City (halloweencity.com) seasonal pop-up stores. The Consumer Products Division includes design and manufacturing entities Amscan, an industry leader in celebration décor, tableware, costumes, and accessories, and Anagram, the global market leader in foil balloons.

PCHI is headquartered in Woodcliff Lake, N.J. with additional locations throughout the Americas and Asia.

Job Overview:

Reporting to the Senior Vice President of Finance & Chief Accounting Officer, the Vice President of Retail and Corporate FP&A will lead the financial support of retail operations for PCHI including stores, e-commerce, merchandising, marketing, real estate, and other retail functions. Also be responsible for the consolidation and presentation of monthly, quarterly and annual results at the Group level. This highly visible and influential role will regularly partner with members of the Executive Leadership Team as well as key functional leaders across the business to provide complex analytical support and proactively identify, analyze, and interpret business performance drivers and opportunities for enhancements in the overall realization of financial targets.

Key responsibilities include influencing and guiding both the short-term execution and long-term strategy of the retail organization through data-driven insights. Other responsibilities include budgeting, forecasting, and providing end-to-end support for business leaders in understanding financial results and detailed diagnostics on variances. Reporting needs will include both management and board of director presentations.

The ideal candidate for this role will be a seasoned financial executive with strong business acumen and analytical skills, experience leading and developing a team, and outstanding communication and interpersonal skills.

Responsibilities and Duties:

• Provide management oversight and support, establishing a culture of accountability.
• Develop talent and foster an environment of engagement, motivation, and support
• Managing and overseeing the budget and financial closing reporting processes. Partners with corporate, stores and wholesale VP to ensure that they receive assistance in budget preparation, review of actuals against budgets, actions and recommendations.
• Review Margins (regular retail, discounted, consolidated) by store and with analysis of variances towards budget and last year.
• Maintain and evolve a complex financial model that governs Party City’s operating plan and long-range projections including detailed analysis and scenario planning to support those projections that drive predictable profitable growth
• Provide in-depth analysis of Party City financial performance including opportunities, sales performance, profitability trends, project performance, cost analysis and business direction
• Monitor, analyze and make recommendations from financial performance, including consistent analysis between actuals and forecast in order to provide insights to current and/or emerging gaps and areas of improvement
• Challenge the status quo of both finance and operational processes.
• Provide monthly and quarterly targets recommendations with support on main KPI’s (Order Intake, Revenues, EBIT, Free Cash Flow) to support achievement or outperformance of the budget
• Lead Finance Business Partnership strategy and drive tight alignment within the business
• Manage and refine the development and execution of monthly and quarterly earnings analysis and presentations focused on the internal operations of Party City. Reporting needs will include both management, and leading the preparation and organization of board of director materials.
• In partnership with the Executive Leadership Team, evaluate capital expenditures, pricing strategies, investments and/or M&A and recommend go-forward strategies
• Partner with Controllership in delivery of monthly analysis, forecast, budget, strategic plan, impairment modeling and any ad-hoc requests
• Lead a high performing team with scopes that span the global Party City footprint

Leadership Influence

The Vice President of Retail & Corporate FP&A will lead a team of finance professionals, with multiple direct reports, some of which will have team members reporting into them. The sphere of influence for this role will be large as this role will be charged with supporting in the development of the overall company strategy with a specific focus on PCHI’s largest commercial business, partnering closely with the our Commercial, Operations, Marketing Officers as well as other leaders within the organization.

Skills Required:

· Highly analytical and influential

· Excellent written and verbal communication skills

· Advanced skills in Microsoft Excel, Word, PowerPoint

· Creative problem-solving skills

· Oracle experience

· Excellent business analysis skills

Qualifications:

· 10+ years of finance experience (FP&A and Business Support)

· Bachelor’s degree in Finance, Accounting or Economics (MBA Preferred)

· Retail experience and understand retail operations and store support