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Business Controller - Richemont

Employer
Richemont
Location
Riyadh, Saudi Arabia
Closing date
10 Jul 2020

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Function
Finance
Level
Manager

Job Details

Richemont

MAIN PURPOSE

Following specific Brands within the Richemont portfolio, the Business Controller is in charge of assisting these Brands with all financial matters related to their activity in the region, in line with Richemont Group accounting and reporting standards. He/she is therefore a key business partner of the Brands' teams, providing local Brand management with all financial information or analysis required to take relevant and appropriate decisions in order to grow their business in the region in a sustainable way.

KEY RESPONSIBILITIES

Business partner
  • Works closely with local Brand Management in order to provide clarity on all financial matters and therefore facilitate appropriate decision making.
  • Acts as a key contact of Regional Brand Headquarters to comment and explain financial performance.
  • Contributes to the development of a financial / internal control culture within the Brands.


Budgeting
  • Lead brands' budget processes including timely preparation, analysis and submission of Budgets and Latest Estimates in the Group's financial reporting systems, in line with Brands and Group requirements and standards.


Monthly Closing and Reporting
  • Working efficiently with the Accounting team, ensuring that all relevant accounting entries are booked properly, in line with IFRS and Group standards.
  • Deliver timely and accurate monthly reports to the brands (sales reports, detailed P&Ls, Capex monitoring, scorecards, management reporting, ad hoc analysis)
    • Calculates accruals compliant with standard accounting rules (IFRS/Group), and liaises with Accounting so that all required entries are booked in a timely manner.
    • Analyses gross margin and discount levels, and reports any deviation with Brands targets.
    • Reviews inventories (including ageing and determination of relevant provisions) and coordinates with the Brand so that any potential issue is timely addressed.
    • Prepares and analyses Brand P&L (by Boutique/Department) and balance sheet, and alerts local Brand Management / Headquarter of any identified risk or deviation with validated budgets.
    • Follows up main Brands costs (communication, selling costs, personnel costs...).
    • Elaborates and distributes Brands' scorecards (or any other relevant report).
    • Ensures correct and timely completion of Group Management reporting.


Internal Control & Process Improvement

  • Participates in the monitoring of Swiss SOX within the subsidiary.
  • Contributes to the formalization or continuous improvement of standard operating procedures and processes.
  • Contributes to the improvement of controlling processes and systems by identifying areas of improvement and leading initiatives and projects to address them.
  • Spreads best practices across the department.


Interactions
  • Liaises with other teams of the Finance Department (Accounting, Accounts Receivable, Retail Back-Office), local Brands teams, other Richemont functions (IT, Logistics, HR, Customer Service), Brands HQs in Europe.


PROFILE
  • University Master Degree in Finance / Business School / Engineering School
  • 4-5 years of successful professional experience in Audit / Business Controlling
  • Strong finance technical skill and accuracy
  • High mental agility and ability to deal with complexity
  • Pro-activeness / Innovation ability
  • Communication skills
  • Ability to interact with multiple and different stakeholders with on open mind-set
  • High change agility in a fast pace market
  • Ability to lead projects
  • Team player
  • Hands-on
  • Fluent in English; Arabic and French a plus.
  • SAP knowledge is a plus

Company

With some +35,000 colleagues worldwide, the Group comprises 18 Maisons and two online distributors. We apply our avant-garde mindset, artistic vision and craftsmanship to watch-making, jewellery, writing instruments and high-end fashion and accessories. Each Maison and e-commerce platform functions as an international business with a family feel and is led by an entrepreneurial spirit and respect for tradition, making the Group a game changer in the high luxury industry. Innovation is at our core. Our history is marked by the achievements of our people. They push the limits and turn the ordinary into the extraordinary. By encouraging innovation across our business and making it a priority, we deliver the ultimate high luxury experience. They participate in groundbreaking ventures like the YNAP/Alibaba startup and our own research and development hub Micro city. Focused on the horizon, the Group maintains its position as an established industry leader.

Company info
Location
Geneva
CH

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