Director, FP&A – Product & Operations

🔥 1 hour ago

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Logo of iFIT

iFIT

1001 - 5000 employees

Founded 1977

🧘 Wellness

☁️ SaaS

🔧 Hardware

💰 $200M Private Equity Round - iFit on 2019-12

Wellness • SaaS • Hardware

iFIT is a connected fitness company that provides interactive workouts, personal training content, and a subscription-based fitness platform integrated with exercise equipment. iFIT publishes on-demand and live classes (Global Workouts, Progressive Series), offers mobile apps for iOS and Android, and supports equipment brands including NordicTrack and ProForm. The company operates a member center, customer support (live chat and texting), order tracking, and resources for memberships, troubleshooting, assembly and repair.

📋 Description

• Establish a master COGS architecture — including BOM-level engineering change tracking and cost savings initiatives — that becomes the definitive financial source of truth for all hardware cost performance decisions. • Own and complete the reforecast streamlining initiative, delivering a fully operational rolling 12-month model across the business by December 2026. • Build an enterprise-grade labor allocation framework for hardware and software engineering, with spend tracked by major program and reported to executive leadership on a recurring cadence. • Establish a financial due diligence standard for all new hardware and software product launches that governs Go/No-Go decisions with rigor and consistency. • Serve as the senior financial authority and strategic partner to Hardware Engineering, Software Product, and Operations leadership — driving product roadmap ROI accountability and enforcing financial discipline on project spend. • Lead Go/No-Go financial analysis for new hardware and software launches, synthesizing BOM economics, capitalization strategy, logistics costs, and long-term margin impact into clear executive-ready recommendations. • Direct the company’s R&D capitalization strategy for software — setting policy, managing schedules, and ensuring every dollar of investment is aligned with long-term corporate goals and generates defensible ROI. • Own the full financial architecture for global logistics, warehousing, and last-mile delivery, partnering with operations leadership to protect and expand contribution margins across all channels. • Leverage Snowflake datasets to lead at least two major margin improvement initiatives per month, spanning shipping lane optimization, strategic component sourcing, carrier mix analysis, and manufacturing yield economics. • Partner with Customer Service and Manufacturing/Quality to translate warranty data into hardware reliability trends that directly inform future product design and reduce warranty cost exposure. • Lead the transformation of Product and Operations budgeting to a dynamic 12-month rolling forecast inside Adaptive Planning, building driver-based models that reflect how the business actually operates. • Deliver variance analysis and financial storytelling that is precise, actionable, and calibrated for engineers, operators, and the executive team; knowing which audience needs what level of detail. • Develop and maintain a deep understanding of the full hardware product development lifecycle from engineering design and component sourcing through contract manufacturing, certification, and market launch and the financial levers at each stage. • Serve as a subject-matter authority on how software product development cycles (roadmap planning, sprint economics, capitalization cutoffs, release milestones) translate into financial outcomes, and build models that reflect that complexity. • Lead, coach, and set the performance standard for one Senior Financial Analyst, building their analytical instincts and creating scalable frameworks and tooling they can operate independently.

🎯 Requirements

• Bachelor’s degree in Finance, Accounting, or Engineering with a financial emphasis. • 7–10 years of progressive FP&A experience, with substantial, demonstrable time supporting Hardware Engineering, Manufacturing, or Supply Chain environments in a lead finance capacity. • Deep, hands-on command of hardware COGS and inventory accounting — including BOM analysis, cost variance investigation, and cost savings tracking — as well as R&D capitalization and SaaS/connected device metrics for software. • Demonstrated experience supporting complex, multi-phase hardware product development cycles from concept through launch, including the ability to model milestone-based spend, tooling amortization, and NPI cost structures. • Demonstrated experience supporting software product development teams across full roadmap cycles, including capitalization policy management, sprint-to-quarter reconciliation, and feature-level ROI analysis. • Expert-level Excel proficiency including complex nested logic, Power Query, and building models that others can maintain and scale. • Solid command of GAAP/IFRS financial statements, with the ability to communicate accounting implications to non-finance stakeholders. • Executive presence and communication skills sufficient to operate as a credible, trusted peer to engineering and operations VPs. • Authorized to work in the United States without sponsorship.

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