Financial Planning and Analysis Manager

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Company Overview

Sleep Number is a sleep wellness technology leader. For nearly four decades, we have placed sleep at the center of wellbeing, improving over 15 million lives with our Sleep Number smart beds. We are guided by our purpose – to improve the health and wellbeing of society through higher quality sleep. This is exemplified through our 4,000 mission-driven team members who passionately innovate to drive value creation through our vertically integrated business model, owning the process from start to finish, including selling in our over 650 stores nationwide.

Our team members are encouraged to bring their whole selves to work, sharing their unique perspectives, backgrounds and skills with Sleep Number every day. Whether you are entering, returning or experienced in the workforce, we have a place for you. We hope you join us in creating the future through higher quality sleep.

Position Purpose:

Manager of Financial Planning & Analysis (FP&A) will play a key role in the strategic and operational financial management of the organization.

This role involves leading key processes including performance management and scenario planning, managing headquarter expenses, developing underlying financial models to support the strategic planning process, financial modeling and business case development to support decision-making, public earnings release and Board of Director meetings analysis and support, key voice and input and into on-going finance transformation work including advancing the Company’s financial system capabilities. The role reports directly to the Vice President of Finance and Head of Corporate FP&A, with frequent interaction with the Company CFO, Executive Leadership Team, and head Investor Relations.

Primary Responsibilities:

• Performance Management:
• Drive Annual Operating Plan development, in-year forecasts and scenario planning processes
• Manage headquarters spend, partner with Executive Leadership Team to manage budget
• Partner with treasury team to manage liquidity and key borrowing metrics
• Strategic Plan Financials:
• Develop and lead 5-year, three statement strategic plan financials
• Use data and analysis to influence strategic direction and decisioning
• Work cross-functionally to understand and model key strategic inputs into financial models
• Financial Modeling and Business Case Development:
• Advance and standardize business case financials
• Deploy standard financial metrics into analysis
• Lead post-launch financial reviews against investment case
• Support Public Earnings Release Process
• Lead financial analysis of operating results to identify key strategic themes
• Develop analysis and supporting materials
• Maintain earnings-related financial models
• Board of Director Meeting Support
• Partner with senior leadership to develop financial analysis to support Board of Directors meetings, with direct linkage to strategic plan financials and earnings release materials
• Prepare content for Board of Directors pre-read and presentation materials
• Drive follow-up analysis from Board meetings
• Provide ad-hoc analysis as needed
• Finance and Business Transformation
• Relentless focus on opportunities to improve current financial processes
• Drive efficiencies by developing system-driven and repeatable work product

Position Requirements:

• 7 -10 years of experience in financial planning and analysis in publicly traded companies, with at least 3-5 years in a managerial role
• Proven experience in financial modeling and ability to flex communication style based on audience.
• Experience working with financial planning and analysis systems and tools
• Successful project management experience

Knowledge, Skills & Abilities:

• In depth understanding of income statement, balance sheet and statement of cash flows, and familiarity with direct and indirect method of cash flow forecasting
• Proficiency in complex financial modeling and advanced Excel skills. Experience with ERP systems and financial planning software is a must.
• Experienced with GAAP and non-GAAP reporting, particularly in a public company environment.
• Strong analytical and problem-solving skills with the ability to interpret complex financial data.
• Excellent communication and presentation skills, with the ability to convey financial information to non-financial stakeholders.
• Strong leadership abilities and experience managing and developing a team
• Strategic thinker with a proactive approach to problem-solving.