Accounting Manager
L'Oréal
APAC/Oceania, Malaysia, Petaling Jaya
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Salary
Rank
Senior Manager
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Finance
Reports to
Head of Accounting
Level
N-3
Travel Max:
0%
Posting Date
03-02-2025
Description
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 Zone Business Services Centers supporting the Group.
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 Malaysia, we call it BEST in KL (BEST stands for Business Expertise, Services & Technologies), provides financial services to 20+ markets within North Asia & SAPMENA (South Asia Pacific, Middle East & North Africa).
Key Responsibilities
What will you do?
- Managing general ledger and group consolidation reporting.
- Oversee accounting closing performed by Accenture.
- Oversee account reconciliation and balance sheet reviews for all in-scope entities.
- Being a key contact of accounting for a group of countries
- Leading 6 accountant. Managing organization and team workload.
- Managing backup plan and business continuity for the team.
- Ensuring improvement of accounting GL & reporting processes and working closely with DEX team.
- Responsible for KPIs that are linked to GL & reporting for group of countries.
- He / she reports directly to Head of Accounting.
Management Tasks
- Supervise and ensure back-up for General Ledger and Reporting teams in charge of transversal tasks: make sure planning are respected, help teams in operational tasks, etc.
- Supervise monthly financial reporting production and ensure the respect of closing duration.
- Be accountable for General Ledger & Reporting KPIs and performance dashboards for the group of countries he / she is in charge of and prepare action plans.
- Participate to closing meetings with countries.
- Prepare and participate to steering committees of the group of countries he / she oversees
- Ensure continuous improvement and implement Group guidelines
GL accounting
- Review and post General Ledger entries according to Group requirements: provision for risks and charges, journal entries for adjustments…
- Review and finalize Balance Sheet, trial balances for entities he is in charge of
- Review summary of variations of provisions
- Responsible for balance sheet review process. Control the process with country chief accountants and country CFOs.
Consolidation Reporting
- Review CONSO reporting for pre-defined schedules. Oversee quarterly closing and HRDC consolidation reporting for the hard close in May and November. Review the consolidation reporting with countries chief accountants.
- Prepare/Review other group reporting defined in BSC scope.
Accounting internal control
- Ensure operational controls for General Ledger and Reporting, as per TAP requirements.
- Ensure legal requirements respect and service quality.
- Ensure segregation of duties respect
- Ensure that financial communications respects Group standards.
Team management
- Lead size of 3-4 accountants
- Manages, develops, recruits’ staff.
- Attract and retain a highly skilled and engaged workforce.
Qualification & Requirements
- Minimum of 7 years of work experience in accounting, including manager/supervisor role.
- Strong knowledge of IFRS accounting standards and regulations in Asia.
- 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.
Benefits
No information available.
Company Profile
L'Oréal
Industry
Consumer Product Manufacturing
Revenue
$40.31B
Employees
87,264
Fortune 500 Rank
NA
Global 500 Rank
#370
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