Description

At Shutterfly, we’re all about people — bringing them together, making them feel welcome, and connecting them to experiences. We make our customers’ memories last a lifetime by capturing, preserving, and sharing them through photography and personalized products. Through our family of brands, trend setting products, cutting edge technology, and best in class customer service, we help our customers, and each other, share life’s joy. Shutterfly is the leader in personalized photo products and services, connecting you with family and friends by sharing your photos in creative and innovative ways. With this brand, our customers can create lasting keepsakes such as award-winning photo books, customized stationary for life’s biggest occasions, and unique home décor. Supporting a diverse and inclusive workforce is important to Shutterfly not only because it directly reflects our value of Embracing our
Differences, but also because it’s the right thing to do for our business and for our people. Learn more about our commitment to Diversity, Equity and Inclusion at Shutterfly DE&I.

Shutterfly is seeking to build out their leadership team with a proven financial executive to help lead the company towards aggressive and expansive change and integration. The Chief Accounting Officer will sit in either Redwood City, CA, or Tempe, AZ, or Plano, Texas. As a key member of the leadership team, this executive will partner effectively with the CFO, CEO, the Board, and the rest of the executive team to plan, forecast, manage, and report on the company’s growth and operations. This executive will bring a strong results- driven orientation, backed by a proven ability to add structure, accountability, and creativity to drive innovation.

Key Responsibilities:

Financial Reporting: Reviewing monthly group financial reporting and preparation of financial reports and MD&A to senior management of results vs. budget and KPIs used to monitor the business on a monthly basis. Identification of the key issues arising, the opportunities and risks and making recommendations as appropriate. Development of an accounting manual to ensure the consistency of financial reporting across the group

Budgeting: Overall responsibility for planning and managing the annual group budget process, including defining the content and templates, participating in the review of regional submissions with senior management and defining appropriate measures to achieve an acceptable Group EBITDA. Preparation of presentation to the Board of Directors for approving the annual group budget.

Forecasting: Co-ordination of quarterly actual + forecast reports to monitor group financial performance and to assist senior management decision making for maintaining acceptable group EBITDA.

Cashflow: Preparation and review of cash flow forecasts, including sensitivity analysis to manage working capital to meet commitments and also identify funding requirements.

Inventory Management: Management of inventory levels with the regional buyers and controllers through managing Open to Buy (OTB) process (based on forecast sales, sell through projections, current inventory levels and forecasted markdown merchandise). Assessment of the appropriateness of the markdown stock provisions and impact on regional and overall group gross profit margin.

Statutory Reporting: Liaising with external auditors in respect of the year end statutory accounts, group reporting and tax compliance. Co-coordinating the group audit (timetable, regional audit submissions in accordance with US GAAP, consolidation of group results) and dealing with any matters arising to ensure timely completion and sign off of the annual financial statements.

Internal Control: Responsibility for the monitoring and design of internal controls to ensure an effective operating environment. Oversight of the finance function on a daily basis to ensure the delivery of accurate and timely financial information. Oversight of the implementation of a PM (performance management) tool for financial reporting, budgeting and forecasting.

Key Qualifications

  • Bachelor's degree or master's degree in accounting, business, economics, finance, or a related field
  • Certified Public Accountant (CPA) qualified or globally recognized equivalent
  • Thorough knowledge of accounting principles and procedures under US GAAP (and possibly IFRS)
  •  Preferably, external audit experience within a one of the top 4 audit firms
  • 10 years’ experience in Finance of a multinational company
  • Preferably 3 years’ experience in working at an Internet-based technology company
  • Management experience; leadership skills; interpersonal skills; honesty; integrity; reliability; high attention to detail