Vice President, Finance - Philadelphia, 19109
Universal Music Group
Vice President, Finance - Philadelphia, 19109, United States of America
How we LEAD:
The Vice President, Finance is a senior financial leader responsible for driving profitable growth, financial discipline, and strategic decision-making across a music merchandise and apparel business operating through eCommerce, wholesale, retail, licensing and touring channels.
This role will engage in financial planning and forecasting, product and channel profitability, inventory and cost accounting, commercial deal evaluation, and management reporting. The Vice President will partner closely with executive leadership and teams across merchandising, eCommerce, retail sales, touring, licensing, production, supply chain, and operations.
The ideal candidate combines deep apparel-industry financial expertise with strong commercial judgment and a practical understanding of the operational complexities associated with inventory, product development, fulfillment, royalties, licensing, and multi-channel distribution.
How you'll CREATE:
- Participate in the annual budget, long-range plan and periodic reforecast.
- Partner with commercial leaders to develop revenue targets, margin goals, expense plans, and performance improvement initiatives.
- Develop integrated financial plans covering revenue, gross margin, operating expenses, working capital, cash flow, inventory, and capital investment.
- Provide timely variance analysis of actual results compared to budget, forecast, prior year.
- Identify key performance drivers, risks, and opportunities and translate them into clear recommendations for senior management.
- Develop and maintain profitability reporting by artist and business line and evaluate margin performance
- Support inventory planning, SKU rationalization, markdown strategies and end-of-cycle inventory decisions.
- Partner with business and legal affairs and senior management in deal structuring and negotiation.
- Support assortment planning, demand planning, pricing decisions, product launches, artist campaigns, tour planning, retail programs, and customer negotiations.
- Develop executive dashboards and management reporting that provide clear visibility into revenue, margin, profitability, inventory, cash flow, and operational performance.
Bring your VIBE:
- Bachelors degree in finance, accounting, economics, business administration, or a related discipline.
- Significant progressive finance experience, including leadership responsibility in FP&A, commercial finance, operational finance, or a related function.
- Substantial experience in the apparel, fashion, merchandise, footwear, accessories, consumer products, or closely related inventory-based industry.
- Strong knowledge of apparel economics, including product costing, sourcing, landed cost, inventory management, markdowns, returns, sell-through, and seasonal product lifecycles.
- Experience leading annual budgets, forecasts, long-range plans, management reporting, and financial performance reviews.
- Demonstrated ability to analyze profitability by product, channel, customer, artist, program, or business unit.
- Strong understanding of inventory accounting, cost accounting, inventory reserves, purchase commitments, and working-capital management.
- Experience evaluating commercial deals, investments, guarantees, royalties, licensing arrangements, or strategic partnerships.
- Familiarity with ERP and warehouse management systems, specifically SAP, BPC, Oracle HFM.
- Experience with financial planning, business intelligence, reporting, or data-visualization systems.
- Advanced Excel skills, including complex financial modeling, scenario analysis, large datasets, lookups, pivot tables, and structured reporting.
- Excellent written, verbal, and presentation skills.
- Demonstrated ability to communicate financial concepts clearly to creative, commercial, operational, and executive audiences.
- Ability to operate effectively in a fast-paced, entrepreneurial, and deadline-driven environment.
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