Controlling & Treasury Manager

LVMH Fragrances and Cosmetics Singapore (LFCS) is selling and distributing 7 brands of perfumes and cosmetics of the LVMH group (Parfums Christian Dior, Guerlain, Make Up For Ever, Benefit, Fresh, Givenchy, Kenzo), within the APAC region, through multiple channels: Travel Retail, Agents/Joint Ventures, Subsidiaries. The entity regroups various activities, for Singapore and Asia region, of logistics, production, quality, commercial and back-office.

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.

Job Description

Treasury Management

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.

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.
• 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.
• Oversee monthly communication to division and brands CFOs regarding cash and forex/hedging evolutions.
• Drive roll-out of new payment methods in boutiques network.
• Drive continuous improvement of tools and aim at increasing level of analysis and quality of information.

Operations Controlling

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.

Understand the complex environment of multi-brands flows and multi-channel activities.

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.

Prepare business and fiscal year-end landing of entity brands and liaise with HQ tax and finance teams.

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

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

Manage projects for Finance - for instance, brands integration, cross-department projects, continuous improvement – coordinating and being proactive.

Manage Controllers (Operations & Cash) and Treasury Assistant Manager – recruitment, training, talent development, and ongoing management of the team (5 in Controlling, 3 in Treasury).

Qualifications

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