Head of Finance

Head of Finance

Division: Finance

Position Classification: Full Time

Location: Darlinghurst, NSW (not available as remote role)

Reports to: Co-Managing Director

Position Objective

An opportunity for a Head of Finance to work as a key member of Boody’s Leadership Team to drive the business through a period of significant global growth. This is a dynamic role in a business driven by its mission, fuelled by its people and culture, and operating in an exciting and fast-moving industry.

This is not your typical financial accounting role, but rather a key strategic position that will see you take ownership of Finance and Inventory Planning for the business. This includes full responsibility of the P&L, forecasting, cash flow, inventory/demand planning, tax, legal, compliance, and employee relations in an innovative business with both local and international operations. This role will require leadership, direction, and out-of-the-box initiative.

We’re no longer a startup, but we’re also not large enough to let red tape and office politics get in the way of our expectation of the huge impact every team member has on the business. We don’t have room for passengers, so if you’re looking for a driven culture of collaboration, growth, and real accountability, then we’d love to talk to you.

About Boody

Boody is an Australian sustainable apparel brand that creates everyday essentials from innovative eco-friendly materials. Our experience in health and wellness and retail, combined with our love of technology, our growth mindset, and our passion for the environment has inspired us to build a world-class team and brand with the joint vision to “champion a future, fit for all”.

Started in Sydney in 2013, our business spans over 4,000 health-focused independent retailers across 15 countries, as well as online through our AU, NZ, and EU websites and select online marketplaces... and we're just getting started.

For more about our brand, culture, and story listen to our co-MD's on the Retail Oasis podcast.

About the Role

Boody is a small, dedicated and passionate team working together in a fast-paced, dynamic environment. Our business is father-son founded, and we run our business like a family, where there is a level of trust, transparency, and permission not found in most organisations. This is a hands-on role working alongside the founding team, with the opportunity to have a significant impact on the future of the business.

The Head of Finance will play a pivotal role within the Leadership team in planning and owning the financial function of the company as well as being accountable for the integral demand planning strategy and execution that ensures the business is running optimally both now and into the future. You will provide overall strategic advice and proactive involvement in the continuous evaluation of short, medium and long-term company objectives. Key to the success of the role will be structuring and leading a broad-spectrum, highly skilled team based in Australia and offshore to deliver on the ambitions of the business.

The role requires someone who is able to quickly establish and maintain strong relationships to identify needs, solve for opportunities and seek a full range of business recommendations and solutions to strategically enhance the function and performance of Boody as we strive towards our vision of becoming the most loved sustainable everyday basics brand globally.  

Great leadership and development skills are critical to the role as you will be building and managing a small team, which you will design and structure to enable you to service the business with all its financial needs while allowing you to delegate and elevate to larger strategic outcomes.

Finance function:

  • Oversee accounting and monthly reporting cycle
  • Robust planning, budgeting and reporting processes
  • Implement revenue and budgeting recognition policies
  • Own the health of the balance sheet
  • Cash flow forecasting and management
  • Contribution profit reporting
  • Preparation of insights informing monthly Board reports
  • KPI benchmarking and insight (LTV/CAC etc)
  • Forex strategy and currency cash flow management
  • Trade finance program management
  • Facilitate accounting audits and tax requirements
  • Company legal and compliance management
  • International company structure and fiscal representation
  • Distribution agreements and other contracts
  • Structure and set up key transactional finance processes including: 
    • Accounts payable/receivable
    • Bank payments
    • Reconciliation of largest expense items
    • Supplier payment and accruals
    • Freight forwarder costs and accruals
    • Global warehouse 3PL costs and accruals
    • Freight costs and accruals
  • Data strategy - oversee data warehouse and utilise BI tool (PowerBI) to inform strategy.
  • Own finance function of current ERP project implementation 
  • Structure and manage the execution of all HR processes, including contracts, payroll, leave, onboarding, offboarding, exit interviews etc
  • Company insurance management
  • Facilitate the execution of any government grants
  • Management of Boody investments

Product forecasting and inventory management function:

  • Inventory strategy, forecasting, and demand planning
  • Supply partner ordering optimisation
  • Management of international distribution partners’ pricing, ordering schedules, invoicing, and timelines.
  • Company product GMROI management and analysis
  • Order review process and presentation

About You

We’re searching for that rare person that demonstrates integrity, dependability, accuracy, results focus and financial acumen. You’re driven, with an entrepreneurial mindset and ready to take that leap of faith to enable you to have a real impact on something you’re passionate about.

You’re a specialist-generalist… someone who thrives in the numbers but has the ability to step out of the data and identify opportunities, communicate them and set up and work with your wider team to execute. 

You truly flourish in a dynamic and agile environment, where things change and you’re kept on your toes. You may have come from the corporate environment, which has taught you the skills and structure you can use to have significantly more impact (and fun). However, you’re hungry and driven and crave an environment with greater challenges and more whitespace opportunities. 

You’re data-driven and detail-oriented and enjoy finding solutions to complex problems. You are not only familiar with but thrive utilising technology to drive efficiency and inform your decision-making. You understand the product and retail landscape, have a strong passion for what you do and are constantly refining and adding to your toolkit to better your skills. 

Most importantly, you match our core values, so it is critical that you fit these to a tee (see what we did there?). At Boody, we’re:

  • High spirited: we’re light-hearted, positive and always see the glass as half full. Above all, we strive to make Boody a great place to work.
  • Caring: our intrinsic caring nature means that we are forever looking out for one another, our community and the wider world.
  • Driven: We’re motivated to be our best at all times. We take a dynamic, innovative approach to all aspects of our business.
  • Considered: We are considered and diligent in our approach. We think before we act. We listen. 

Qualification requirements:

  • Degree in accounting, either CA or CPA.
  • At least 7+ years professional experience in commercially focussed role(s).
  • Management experience with the proven ability to lead a team and get the best out of your people
  • Exposure to budgeting and forecasting principles and processes.
  • Advanced Excel skills.
  • Exceptional interpersonal skills.
  • Exceptional written and oral communication skills.
  • High level of attention to detail and accuracy.
  • Possess a high level of integrity and dependability with a strong sense of urgency and solutions-orientation
  • Proven track record of successful financial management and completion of larger-scale projects

    What You Can Expect:

    • Attractive remuneration package + STI + ability to share in the upside in the future
    • Work directly with the founders in a role that will directly impact the future of our brand in its most exciting growth stage.
    • Great office in Darlinghurst, within walking distance to the city and public transport hubs, plus parking included for the senior leadership team.
    • High-spirited, supportive and highly experienced team with a large investment in culture.
    • We give back to our community: Boody partners with 1% for the Planet to donate 1% of all online revenue to environmental non-profits. We’re also in the process of becoming B Corp certified and commit our team's time and skills to help philanthropic causes.

    The Fine Print

    • This role is full time
    • We’ve learnt a lot from the covid wfh experience and value that every team member has real lives outside of work. We also place huge value on our culture and know that having a ‘home’ for Boody is critical to that experience. The role will likely be a mix of in office (3-4 days) and wfh (1-2 days) however we’re flexible - it’s the output that counts.
    • We require you to have full residency or a permanent Visa in Australia. 
    • No agencies please (we have this one covered!)


     

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