L'Oreal - Business Unit Controller (8-12 yrs)

The world leader in cosmetics, L'Oreal is present in 150 countries on five continents. Our 36 international brands have allowed us to devote ourselves solely to one business: beauty, with a mission to provide the best in cosmetics innovation to all women and men globally. Our ambition is to win over another one billion consumers around the world by inventing the cosmetic products that meet the infinite diversity of their needs and desires through continued digital innovation. L'Oreal supports diversity and sustainable, ethical sourcing for all our products and we have reduced our emissions by approx. 50% since 2005.

The DNA of L'Oreal is Innovation and we are driven by a real passion for the future. Our Research and Innovation Centres in India are the sixth innovation hub for L'Oreal worldwide to fuel local market innovations. In our quest to win the next billion consumers, we are looking for talented individuals who can lead us on this mission.

Would you like to be a part of the adventure?

We have a suitable opportunity in the Finance function for the position of Business Unit Controller. In this role, you will responsible for driving the P&L for one of the divisions of L'Oral India. The ideal candidate should have 8-12 years of professional experience with FMCG/ Beauty/ eCommerce. The location of the job will be Mumbai.

Key Responsibilities:

- Delivery of budget and trends

- Serve as Business Partner to division head on key business aspects

- Understand business requirements and develop and interpret policies and procedures in relation to organizational priorities

- Engage with governance, risk and controls

- Ensure closure of control gaps

- Work together with the business to ensure predictable financial business

- Review financial information, key financial ratios

- Conduct root-cause analysis and support management team with possible actions

- Work with cross-functional leadership teams to drive alignment on segment business goals

-Structure and execute operational and strategic initiatives by developing work plans, gathering and synthesising relevant data, leading analysis, and developing final recommendations

- Oversee people development agenda including promoting skill building, setting forward thinking objectives, collaborating across functions, and providing opportunities and coaching on effective business partnering.

- Identifying value-creation opportunities and driving them for their realization

- Working with the Division Director to strategies for the business

- Negotiate the commercial terms with select clients

Key Deliverables:

- Delivery of key financials including P&L

- Ensuring gross margin delivery and commercial budgets All processes are followed.

- Making sure completion of any group internal control audit in a satisfactory manner.

- Delivery of all channels P&L.

- Timely monthly closings and reporting.

- Preparation of P&L of all channels along with Gross Margins and full analysis of all the drivers on monthly basis and during trends and budgets.

- Team development

- Value created for the business

- Adherence to group norms/KPIs

Key Competencies:

- Must be solution oriented and display end to end understanding

- Must display agility and adaptability.

- Act as a business partner/value-creator

- Should have high level of accountability, accuracy and must respect timelines.

- Should be on top of their business on a day-to-day basis in order to take right decisions timely.

- Must be able to manage team of controllers of different channels/brands

- Must have complete understanding of Indian FMCG commercial working environment.

- Act as an enabler.

- Long-term vision and be able to network across multiple teams

Key Relationships:

- Commercial Teams, Brand GMs, Digital Director, Ecommerce Director

- Division Director, CFO, Commercial Controllers

- Brand & Commercial Controllers

- Corporate Finance.

- Regional Finance.

- Zonal Finance.

- Internal Control

- Supply Chain teams

Physical Demands (e.g. % travel):

- Travel will be need based

Education:

- Chartered Accountant/Cost Accountant/ MBA (Finance) with 8-12 years' experience. FMCG background preferred

L'Oreal is committed to building a diverse environment and is proud to be an equal opportunity employer. L'Oreal closely prohibits discrimination against any employee or applicant for employment because of the individual's race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability or any other characteristic protected by law.