Director, FP&A - Watch Maisons

Richemont, one of the world leaders in the luxury sector, has various Houses specializing in jewelry, watches and high-end accessories. Each Maison proudly embodies a tradition of style, quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them. At the same time, we are committed to innovating and designing new products in line with the values ​​of our Houses, through a process of permanent creativity.

At Richemont Americas, we aspire to reflect the ever-changing world around us. We are proud to employ talent from many different backgrounds, experiences, and identities to build a continually evolving, inclusive community where the diversity of our colleagues and clients is rich and celebrated. We believe when inclusion is fully embraced and empowered, creativity and knowledge emerge to deliver excellence, advancing the community that is uniquely Richemont Americas.

Director, FP&A – Watch Maisons

Finance | New York, NY

Reports to: VP, Financial Planning & Analysis

Role Overview

As FP&A Director, you will cultivate strategic partnerships and provide executive financial leadership for two (2) of the Watch Brands locally, regionally, and centrally. You will gain an in-depth understanding of each brand's strategic imperatives to drive comprehensive financial processes, provide critical insights for strategic decision-making, and oversee the monitoring of key brand performance indicators (KPIs). You will be directly responsible for all financial activities (actuals, budget, forecasts, variances) for these two watch brands, including but not limited to advanced analysis to explain underlying business dynamics, proactive insights into cost optimization,  as well as strategic reporting and commentary on results. As a senior member of the FP&A Watch Brands team, you will also champion and drive various cross-brand initiatives, ensuring a robust internal controls environment and compliance with regional, brand, and Group directives/regulations.

This role demands superior interpersonal and influencing skills, with significant interaction amongst key stakeholders throughout the organization, including local and central brand leadership, as well as within Richemont Americas regional functions across the US, Canada, LATAM, Mexico, and Brazil. Based in NY to capitalize on proximity to local brand teams, enabling strong business partnership and agility, this role reports into the AVP, FP&A Watch Brands.

Responsibilities

Strategic Financial Planning, Forecasting and Performance Management

• Lead the annual budget and forecasting processes, ensuring timely, accurate, and strategically aligned submissions, including comprehensive workpapers and executive commentary. Ensure financial plans accurately reflect and support each brand’s regional and global strategy through in-depth collaboration with brand management, both locally and centrally.
• Partner closely with local brand presidents to shape and realize each brand’s strategic vision for the region, providing critical financial modeling during annual strategic plan presentation.
• Strategically manage personnel costs planning in collaboration with brand management and HR, ensuring accurate budgeting/forecasting of personnel costs and headcount. Continually monitor personnel cost evolution to optimize the brand’s organizational strategy and efficiency.
• Lead advanced sales analysis to interpret evolution, trends, and key drivers, providing actionable insights for strategic growth and risk mitigation.
• Oversee the monthly close process, collaborating with business partners, managing critical deadlines, ensuring accurate financial results, monitoring phasing, and analyzing trends to provide strategic commentary.
• Manage comprehensive balance sheet and cash flow analysis (customer deposits, current liabilities, accounts receivable, stock provisions, sales return provisions, lease reporting) as a basis for sound strategic budgeting/forecasting, including monthly phasing and long-term projections.
• Deliver strategic variance analysis to business partners, highlighting potential risks and opportunities, and providing proactive recommendations for course correction or acceleration.
• Present executive-level financial reporting to brand management, including insightful commentary and strategic recommendations. Continuously evolve relevant reporting and dashboards to meet the evolving strategic needs of the brands.
• Provide transversal review and analysis on various initiatives across brands (stock provisions, sales return provision) to ensure compliance and consistency.

Capital Expenditure (Capex) and Strategic Projects Leadership

• Lead the preparation of capital investment requisitions (CARs), including detailed P&Ls, supporting commentary, and relevant comparatives to brand KPIs. Provide expert guidance on appropriate policies and templates, as well as strategic insight on P&L specifics based on brand and/or regional metrics. Liaise with all key stakeholders (local and central brand teams – commercial, finance, construction; real estate, accounting).
• Oversee and manage capex spending by project versus budget and approved capital investment requests; collaborate with brand teams for transparency and reconciliation. Proactively identify and communicate potential issues and recommend solutions.
• Drive financial guidance for business development, optimizing costs to maximize regional brand profit and cash flow.
• Provide strategic oversight for Advertising & Promotion (A&P) investments in partnership with local and HQ marketing teams, ensuring their optimization, accurate financial reporting, budgeting, forecasting, and alignment with brand marketing initiatives and regional objectives.

Operational Excellence and Internal Controls

• Lead the consolidation of operating results across the Americas region, working with Mexico/Brazil finance teams, to provide a comprehensive regional overview for local brand management and ensure strategic alignment, consistency of regional best practices, brand objectives, Richemont policies, internal controls, and compliance. 
• Serve as the primary strategic partner for brands and Richemont regional functions regarding invoice coding, approval matrix, non-stock purchase orders, and other operational concerns, driving efficiency and compliance.
• Champion and enforce robust internal controls, including communication to brands, monthly reviews, and follow-up to ensure compliance, as well as providing meaningful feedback on control documentation and process improvements.
• Complete ad-hoc reporting and analysis to support broader finance team and executive leadership as needed.

Qualifications

Education / Experience

• Bachelor’s Degree in Accounting, Finance, Business, or other relevant field. MBA or Master's degree preferred.

• 10-15+ years of FP&A experience, preferably in a large, multinational corporate environment.
• Proven track record of leading financial planning and analysis responsibilities, preferably within the luxury and/or retail industry.

Technical / Personal Skills

• Deep expertise in accounting and finance principles, with a strong understanding of financial modeling and valuation.
• Advanced technology proficiency with knowledge of and ability to leverage technology and digital tools to support and drive continuous improvement and optimize financial processes for efficiency.
• Expert-level knowledge of Excel, Analysis, and PowerPoint. Experience with Power BI, Looker, SAP and/or Anaplan is highly desirable.

• Superior strategic and analytical capabilities, with the ability to interpret complex qualitative and quantitative information, synthesize key insights, and translate them into actionable business strategies.
• Exceptional verbal, written, and interpersonal communication skills, with the ability to articulate complex financial concepts to diverse audiences, including executive leadership.

• Proven ability to influence, collaborate, and build strong relationships with executive leadership and cross-functional teams within a complex, matrixed organization.
• Curious nature with aptitude to be pro-active and problem solve, flexible to adapt to changing circumstances.
• An entrepreneurial, results-driven strategist who thrives in fast-paced, ambiguous environments, expertly balancing strategic vision with meticulous detail and strong time management.
• Ability to work both independently and as a collaborative team player, comfortable taking ownership of large or small initiatives and contributing to team goals.           

Richemont offers a generous compensation and benefits package for eligible employees. Only candidates selected for further consideration will be contacted.

We Offer – United States

Employee wellbeing is a top priority at Richemont. We offer a comprehensive benefits program to support employees and their loved ones. Our core benefits include medical, dental, and vision programs. Health savings and flexible spending accounts are also available. The company offers income protection solutions including life insurance, disability benefits, and 401(k) with employer match. Understanding the importance of work-life balance, our total rewards include paid time off, a wellness reimbursement benefit, and access to the employee assistance program. Employees are encouraged to make a difference in their local communities with volunteer days off, supporting initiatives that drive change.

At Richemont, We Craft the Future!

Expected Salary Range: $175,000 – 195,000

Salary will be determined based on relevant skills and experience.

#Richemont #WeCraftTheFuture