[BEST] Controlling Reporting Accounting

Who  we are?

Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries. 

At L'Oréal, there are 6  in-house  Business Services  Centers supporting the  G roup .  Our L’Oréal Global Business Services, with mission of providing excellence Finance Services, improving operational performance and processes continuously resulted in world-class Finance Services and catalyst for Finance Process Transformation, and delivering top efficient and effective processes whilst  maintaining integrity.  To transform our vision into reality we are working on the following 3 mindset pillars: DO THE RIGHT THING, DO IT RIGHT AND DO IT BETTER.

One of centers set up in  Kuala Lumpur , Malaysia –BEST KL (BEST stands for  Business Expertise, Services & Technologies ), provides financial services to  over 20  L’Oréal  markets  across North Asia & SAPMENA (South Asia Pacific, Middle East & North Africa)regions. 

Overview of the role

The  Controlling Accountant is responsible for

• Completion of transaction tasks including Goods receipt monitoring and period end closing tasks.
• Produce and publish analytical documentations and reports as required by local CFO, Zone and Group
• Coordinate accounting closing performed by Accenture and countries divisional controllers. 
• Being a key contact of accounting for assigned countries in terms of provision and controlling reports.
• Improve Controlling reporting processes and working closely with DEX team. 
• Responsible for KPIs that are linked to Controlling reporting for assigned countries.
• He / she reports directly to  Controlling Reporting Leader.

Key job responsibilities

REPORTING TASKS

Period Closing

• Ensure timely completion of all transactional tasks enabling to close the monthly/quarterly/semester or year-end financial statements.
• Monitor good receipts in the system and chase business departments when necessary.
• Perform general closing tasks (open/close periods, proceed to Journal entries in Blackline…)
• Manage system interfaces & reconciliations (SAP-Compass TM1-Magnitude, inter-Compass TM1 modules)
• Launch transactional closing tasks (POS activation to balance sheet…)
• Perform closing process in Compass (Upload actuals/Manage allocation of actuals in Compass/Fix blocking controls/Complete indicators/ Officialize Budget/Trend scenarios)

Reporting Production

• Produce the analytical documentation on behalf of the zone countries:
• Produces Period closing CFO / Finance Director reporting books (actuals, budget, trends) & associated books (Digital/HR books…)
• Prepare performance analysis documentation (against budget, target, and/or trend) and run reports 

Management Reporting

• Responsible for preparation and publication of monthly actual results 
• Responsible to publish Trend/Pre-budget/Budget 
• Prepare the management reporting deck to be presented to divisional controllers and CFO and ensure issues are timely resolved.
• Prepare other group reporting defined in BEST scope. 
• Be a key accounting contact with group and zone controlling team for the entities he/she  is in charge of .

Other Reporting Task

• Prepare account reconciliations and follow up the actions to ensure balance sheet are clean.
• Be a key accounting contact with group and zone controlling team for the entities he/she  is in charge of .

• Arrange balance sheet reviews with country divisional controllers and country CFOs for entities he/she  is in charge of .
• Any other closing and reporting tasks as required for the entities he/she  is in charge of .

Who we are looking  for

• 3-5 years of work experience in accounting
• Strong knowledge of IFRS accounting standards and regulations in Asia. 
• Experience in Finance business partnering and management reporting (especially management P&L reporting)
• Solid knowledge of accounting process and practice, and ERP (SAP) system. 
• Experience of managing a professional accounting team.
• CPA or equivalent is a plus
• Experience in a multinational company or shared services organization strongly preferred.
• Ability to manage  complexity and dynamic business  situation .