L’Oreal – Head – Accounting & Treasury – CA

L'Oreal India Pvt Ltd; Mumbai; On-site; INR 3,500,000 - 5,200,000; Full time

Job summary

A global cosmetics leader is looking for a Head of Accounting & Treasury in Mumbai. The role requires a Chartered Accountant with over 10 years of experience, responsible for process improvements, ensuring compliance with accounting standards, and managing stakeholder interactions. The ideal candidate will have proficiency in SAP and knowledge of tax regulations. This position offers a strategic opportunity to lead in a dynamic finance function.

Qualifications

• Must be a Chartered Accountant with over 10 years of experience.
• Knowledge of both Indirect and Direct Tax essential.
• Experience in process improvement in finance functions.

Responsibilities

• Drive continuous process improvements in accounting services.
• Collaborate with local teams for accounting tasks.
• Ensure quality of Group’s monthly accounts.
• Carry out quarterly and annual balance sheets.
• Implement Group procedures of control and KPIs.
• Organize the team/activities to guarantee continued service and quality of accounting services.
• Keep continuously informed and understand the evolution of local regulations regarding accounting GAAPs and fiscal regulations and initiate appropriate changes in systems and procedures.
• Establish and maintain appropriate controls and segregation of duties.
• Consolidation reporting and end of year local accounts, tax and legal statements etc.

Skills

Stakeholder management

Process improvement

Accounting norms

Effective communication

Tax accounting

Education

Chartered Accountant

Tools

SAP

Job description

The world leader in cosmetics, L’Oreal is present in 150 countries on five continents. Our 35 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. 78% 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.

The distance between beauty and tech is closing rapidly, and we are determined to be pioneers in this new beauty tech world. New digital technologies and services are making the world of beauty move faster than ever before. Data and artificial intelligence are opening new horizons for personalization and customization. By incorporating digital into everything that we do, we are creating a better relationship with our consumers.

When beauty and tech collide, the impossible can happen!

In our journey, 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 Head – Accounting & Treasury.

This role reports to the CFO, L’Oreal India, and demands an individual who is a process expert along with being good at stakeholder management. In this people management role, you will supervise activities for Accounts Payable, Invoice Processing, Factory Accounting and focus on quality, productivity and standards to achieve the business purpose.

You should be Chartered Accountant by qualification with 10+ years of experience. The location of the job will be Mumbai.

Key Responsibilities:

• Drive continuous process improvements to increase the quality and efficiency of accounting services, including the local implementation of the Group/Zone initiatives
• Ensure close collaboration with other local teams (Controlling, Plants, Tax, Legal, HR, Purchasing etc.) to facilitate the production of accounts and the implementation of new local or Group/Zone initiative
• Check that the Group’s accounting procedures and principles are correctly applied to ensure the quality and reliability of the Group’s monthly accounts
• Carry out consolidation reporting for the Group: quarterly and annual balance sheets for L’Oreal India and L’Oreal Bangladesh.
• Guarantee the reliability of accounting and tax information by implementing the Group procedures of control and KPIs adapted to the local context.
• Organize the team/activities in order to guarantee continued service and quality of accounting services
• Keep continuously informed and understands the evolution of local regulations regarding accounting GAAPs and fiscal regulations and initiate appropriate changes in systems and procedures
• Establish and maintain appropriate controls and segregation of duties
• Consolidation reporting and end of year local accounts, tax and legal statements etc.

Key Competencies:

• Maximize Financial Systems and Data Management
• Act as Proactive Business Partner
• Master Accounting Norms and Internal Control
• Ensure efficient flow of financials statements
• Ensure the best-in-class accounting services
• Effective Communication skills both oral and written
• Master of Tax Accounting (Direct and Indirect)

Key Relationships:

• Internal Interactions – Division Finance Controlling Teams, Corporate Finance Controlling Teams including Credit, Purchase, Legal and Taxation, Operations Team, Marketing Teams, APAC Office and Group Office
• External Interactions -Group Auditors, Statutory Auditors and Shared Service Centre

Physical Demands (e.g. % travel): Travel will be need based

Education: Chartered Accountant with 10+ years of experience

Pre-requisites: Knowledge of SAP, Working knowledge of Indirect Tax and Direct Tax

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.