Accountant

L'Oréal; Petaling Jaya; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading beauty company based in Malaysia is seeking an experienced accountant to handle General Ledger and Consolidation Reporting. The role requires a minimum of 5-7 years of experience in accounting, strong knowledge of IFRS, and the ability to manage a professional accounting team. The ideal candidate will also have experience with ERP systems like SAP. This position offers a challenging environment where you will interact with stakeholders to ensure compliance and efficiency.

Qualifications

• Minimum of 5-7 years of work experience in accounting, including manager/supervisor role.
• Strong knowledge of IFRS accounting standards and regulations in Asia.
• Experience in a multinational company or shared services organization preferred.

Responsibilities

• Prepare and post General Ledger entries according to Group requirements.
• Coordinate accounting closing performed by Accenture.
• Perform account reconciliation in BSC scope.
• Ensure legal requirements and IFRS standards are respected.
• Manage efficient communications with stakeholders.

Skills

IFRS accounting standards knowledge

Accounting process and practice

ERP (SAP) system

Team management

Complexity management

Education

Degree in Accounting or Finance

ACCA, CPA or equivalent

Tools

SAP

Job description

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 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 for L’Oréal North Asia Region & SAPMENA Region (South Asia Pacific, Middle East & North Africa).

Why join us?

L'Oréal Malaysia has been recognized as a Top Employer 2024 & 2025 by the Top Employers Institute! Check it out here!

What will you do?

• General ledger and group consolidation reporting.
• Coordinate accounting closing performed by Accenture.
• Perform account reconciliation in BSC scope and arrange balance sheet reviews for assigned countries with head of accounting and countries chief accountant and countries CFO.
• Being a key contact of accounting for assigned countries in terms of provision, consolidation report.
• Improve accounting GL & reporting processes and working closely with DEX team.
• Responsible for KPIs that are linked to GL & reporting for assigned countries.
• He/she reports directly to Accounting Manager/Sr. Accounting Manager.

In particular, the accountant:

General Ledger and Consolidation Reporting

GL accounting

• Prepare and post General Ledger entries according to Group requirements: provision for risks and charges, journal entries for adjustments…
• Prepare and finalize Balance Sheet, trial balances for entities he/she oversees.
• Review summary of variations of provisions.
• Prepare account reconciliations and follow up the actions to ensure balance sheet are clean.
• Arrange balance sheet reviews with country chief accountants and country CFOs for entities he/she oversees.

Consolidation Reporting

• Prepare and finalize CONSO reporting based on pre-defined schedules to ensure timely and quality package submission.
• Responsible for quarterly closing and HRDC consolidation reporting for the hard close in May and November.
• Review the consolidation reporting with countries chief accountants and ensure issues are timely resolved.
• Prepare other group reporting defined in BSC scope.
• Be a key accounting contact with group consolidation team for the entities he/she oversees.

Accounting internal control

• Perform and ensure operational controls for General Ledger and Reporting, as per TAP requirements.
• Ensure legal requirements and IFRS standards are respected.
• Provide quality service to countries.
• Manage efficiency communications with stakeholders in countries and group for entities he/she oversees.

If you are a Malaysian abroad and keen on exploring career opportunities in L'Oréal Malaysia, click here to explore incentives to facilitate your return: Returning Expert Programme - MyHeart Portal.

Qualifications

• Minimum of 5-7 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.
• ACCA, 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.