Financial Controller
CONTEXT
LVMH’s Beauty activities benefit from exceptional dynamism that relies on both the longevity and development of key lines and on the boldness of new creations.
The brands cultivate what makes them unique and is guaranteed to make them stand out for their devotees in a highly competitive global market. The success of the beauty division depends on finding the right balance between major historic Houses such as Parfums Christian Dior, Parfums Givenchy, and Guerlain, and strong potential brands like Benefit Cosmetics and Make Up For Ever.
All are driven by the same values: a quest for excellence, creativity, innovation, and perfect mastery of their image. LVMH Beauty Middle East & Africa manages 9 different brands including Parfums Christian Dior, Make Up for Ever, Givenchy, Kenzo, Loewe, Acqua Di Parma, Guerlain, Maison Francis Kurkdjian and Benefit Cosmetics. LVMH Beauty Middle East & Africa oversees an area of 52 countries and 53 airports in the Middle East, Europe, Africa, and India with subsidiaries and agents’ structures.
YOUR MISSION:
Based in Dubai and reporting directly to the Finance Controlling Manager.
- Financial controlling responsibility for Subsidiaries in Middle East, support in analysis of the performance in Total MEA region,
- Direct support of the Brand team and Finance manager, in all financial aspects including monthly management reporting, budgets, and all ad-hoc finance analysis.
- Be a key business partner of the brand by providing insightful reports and analysis to support decision making and by challenging the brand when needed using smart benchmark & market analysis.
- Identify business risks & opportunities and alert or give constructive advice to business managers
- Drive cost efficiency initiatives and processes’ improvement
- Insure LVMH Group rules’ compliance and appropriate usage of Company’s assets.
The main responsibilities will be:
Management
- Strong interaction with the Brand Teams, accounting and other departments.
- Strong interaction with the international and Regional Headquarter teams.
Budget & Strategic Plan
- Pro-actively prepare and manage budget planning and review process, in line with HQ requirements and timetable.
- Preparation of Rolling forecast of PL.
- Co-ordinate all operations teams input to Budget
- Review and challenge all elements of the Budget
- Prepare Financial Budget Book, and analysis such as Source of change, and financial elements of the Budget presentation.
- Preparation of the 3 year plan in accordance with business strategy and company objectives.
Monthly Closing/Reporting
- Prepare monthly reporting (P&L, B/S, Cash flow).
- Prepare monthly management reporting with executive summary for all relevant department heads.
- Provide detailed monthly analysis of sales and forecast
- Provide detailed monthly analysis of cost & analysis of main variances
- Work closely with the Accounting team, such as a review of outstanding Purchase orders, participate to the analytical allocation of invoices and etc.
Business Analysis
- Analysis the overall delivery of Company financial targets on a regular basis and report back to the business with recommendations as necessary.
- Support the Sales and Marketing team in monitoring expenditure and evaluate profitability of promotions and other initiatives.
- Analysis of profitability by customer, by door, by commercial action and product lines, and sales productivity in accordance with Brand management needs.
- Assist the management team in ad-hoc business and finance control projects.
Internal Control, External Audit and IT
- Participate in the implementation of Finance/IT projects for the controlling functions.
- Implement new internal procedures as necessary
- Participate to the respect of internal control rules and processes in place.
- Provide any help required in relation with the annual external audit and any internal audits.
PROFILE ____________
Qualifications & Skills
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University or Business School Master
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Must have a previous experience of +/- 5 years spent in FMCG, Luxury or Retail environment in a similar role.
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Fluent in English.
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Excellent excel skills / advanced knowledge of financial systems (like Oracle, SAP). Knowledge of Power BI is a plus.
Need to be/have
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A team player with the ability to work in a fast-paced working environment,
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Meticulous with strong analytical thinking and business mind-set
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Excellent communication skills (written & spoken)
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Well-organized, sensitive to figures, detail-oriented and commitment to accuracy
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Able to work independently, highly autonomous and pro-active, work under pressure for tight deadlines
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Able to work in a multicultural team
