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