VP, Financial Planning & Analysis

New York, NY

Shutterstock is a growing and profitable tech company headquartered in New York City that powers visual creativity around the world. We are currently seeking a results-oriented professional to join the Shutterstock team to lead our FP&A function. This role will be responsible for all Business and Corporate FP&A functions including strategic planning, long-range financial forecasts, budgeting, and planning. You will be responsible for key elements of our evolution towards a subscription business model and recommend strategies to improve KPI’s for a range of eCommerce, Enterprise, Platform and other strategic product offerings. Shutterstock has a strong financial position with approximately $400 million of cash and zero debt and is NYSE listed with a market capitalization of approximately $3.3 billion. .

The role will report directly to Shutterstock’s CFO and have regular interactions with the CEO as well as the Executive Chairman.

Responsibilities:

Business FP&A:

Improving the impact, and understanding, of financial reporting on business performance with a deep understanding of SaaS and subscription KPIs such as churn, net revenue retention, conversions, ARPU, and average order value.
Providing analysis and delivering insight that links financial reports to business strategies
Partner with head of business to develop long term financial plans
Develop and present strategic insights about the business
Align functional goals and strategies to broader global initiatives
Lead performance diagnostics, budgeting, forecasting and management reporting
Understand business drivers and recommend measures to further improve results
Establish efficient processes for monthly and quarterly performance reporting for optimal result
Partner business functions to plan and analyze key performance indicators, prepare monthly and quarterly financial reporting, analyze financial results and variances, assessing business performance and risks, and communicating key messages to business team.
Conduct business and resource productivity analysis; Interpret and present key findings for senior leadership audience

Corporate FP&A:

Lead the monthly, quarterly and yearly budgeting process for Operating expenses, Headcount by functions and business units
Review and advise departmental budget preparation with individual managers
Own and actively manage the functional headcount and partner with HR
Prepare monthly forecast packages and assist in preparation of monthly and quarterly board of director materials
Provide analysis and insights into variances between actual and expected financial results including identifying and executing on cost reduction opportunities
Develop management reporting to track headcount and opex
Address ad hoc financial analysis requests and inquiries
Work with the business to execute strategies to maintain adequate expenditure and investment controls
Partner with Finance Operations including rev ops, accounting, AP and AR/Cash collections to bridge actual results to plan

Requirements:

Extensive leadership experience in FP&A within a SaaS or subscription-focused eCommerce business environment is a must, including a deep understanding of subscription business models and performance marketing
BA or BS in Finance or Accounting preferably with an MBA from a top tier business school
10+ years relevant experience in finance, analytics or planning as a member or leader of a world-class FP&A team
Preference for candidates with recent experience in Tableau (BI), Anaplan (CPM) and/or Workday (ERP)
Ability to work directly with CEO and Business Unit heads to drive growth and profitability
Experience in owning and managing operating expense, headcount, and financial modeling
Enthusiasm for complex problem solving utilizing financial modeling and analysis
Advanced Excel skills and experience working with data visualisation tools
Strong communicator who can explain complex concepts to non-financial audiences
Business Acumen. Knowledgeable of functional elements which are important for business profitability in order to influence, drive and positively impact business results

Why Shutterstock:

For the same reason your future co-workers enjoy working at the company!

You have a direct impact on the success of the company. Your team’s work matters and is essential to the evolution of our core business.
Executive leadership cares personally. They prioritize growth and planning your career path with your goals and passions in mind.
We value your ‘Me time.’ We have meeting free Wednesday afternoons and half day summer Fridays. As a product team, we value ‘We time.’ We like to connect, share stories, critique work, vibe off each other, and spend time building relationships.
Flexibility to work between home and office with everything you need to be successful in both. To help you set up your home office, we'll cover a screen, computer, peripherals, etc.
Extensive benefits package including a fitness benefit and employee assistance program.