This role will be a key partner for the entity and the various HQs, responsible for understanding and anticipating cash-related matters and foreign currency exposure, while also supporting the Brands in all financial aspects including monthly management reporting, budgets, and all ad-hoc finance analysis for operations.
He/she will constantly review and improve the level of management reporting by developing relationships with members of the organization and creating clear and detailed analysis.
He/she ensures best practices and coherent financial processes – making recommendations and implementing as appropriate.
The Controlling& Treasury Manager will take part in and challenge key business decisions using relevant reporting and analysis and presenting data in a commercial way to optimize costs and efficiency of activities.
Treasury Management:
1.Review and supervise Treasury activities, including:
- Analysis of monthly direct cash results + construction of rolling forecast of direct cash by brand.
- Supervise daily cash operations (payment runs, manual payments...) and the relationship with banks or/and internal partners.
2.Review and supervise LFCS legal entity FOREX risk, including:
- Analysis and monthly rolling forecast of N and N+1 flows in foreign currencies, to help LVMH Group trading room to optimize our hedging positions.
- Monitoring of hedging portfolio to ensure appropriate FX risk coverage.
- Yearly hedging opening adjustments.
3.Manage Budget + two yearly reforecasts construction of direct and indirect cash. Build the Balance Sheets and Cash Flow Statements for LFCS brands.
- Analyze and comment variations vs previous periods / budgets and offer recommendations based on it to HQs.
- Reconcile direct and indirect cash forecast approaches.
4.Oversee monthly communication to division and brands CFOs regarding cash and forex/hedging evolutions.
5.Drive roll-out of new payment methods in boutiques network.
6.Drive continuous improvement of tools and aim at increasing level of analysis and quality of information.
Operations Controlling:
1.Be the main contact of the HQ's controlling and a key partner for all financial (Treasury/Cash, Accounting, Internal Control, Business controllers) and non-financial (Operations, HR, IT, Purchases, Travel retail) departments.
2.Understand the complex environment of multi-brands flows and multi-channel activities.
3.Drive forecast periods and month-end analytical reports for Subsidiaries flows and Travel Retail activities. Prepare management reporting/scorecard with executive summary for the brands.
4.Prepare business and fiscal year-end landing of entity brands and liaise with HQ tax and finance teams.
5.Manage Operation and Supply Chain Controlling for Singapore Logistic Hub:
- Assembly, warehousing, and customization activities.
- Follow up transportation costs for the brands.
- Closely monitor stock obsolescence risks.
- Analyze industrial variances every month.
- Ensure stock valorization / standard costs are correct.
Financial Planning & Analysis:
1.Prepare financial analysis and budgeting of Singapore Shared Services Centre (Operations and back-office):
- Monthly review with management.
- Budget presentation to brands' CFO.
- Yearly review of allocation keys for common costs.
Project Management & Team Leadership:
1.Manage projects for Finance - for instance, brands integration, cross-department projects, continuous improvement – coordinating and being proactive.
2.Manage Controllers (Operations & Cash) and Treasury Assistant Manager – recruitment, training, talent development, and ongoing management of the team (5 in Controlling, 3 in Treasury).
Key competencies:
- Excellent communication skills and ability to work well with people at all levels of the business
- Ability to work under pressure and with deadlines
- Strong analytical skills and able to interpret financial data
- Ability to adapt and be flexible to changing environment and business needs
- High levels of persuading and influencing skills
Technical Skills:
- Qualified Accountant, University degree in Finance or Business school
- Project Management skills
- Good analytical and technical financial skills
- Good writing skills and rigorous
- System oriented (proficient user of Excel and Access databases, ..., SAP knowledge would be a +)
Profile:
- 10+ years’ experience in a financial position within an international group
- Operation / supply chain controlling experience is a plus
- Accounting, treasury and controlling knowledge
- Ability to analyze, compare and interpret facts quickly
- Pro-active & dynamic
- Excellent inter-personal and communication skills
- Self-motivated
- Team player
- Excellent excel skills and financial system oriented
