Assistant Vice President, Finance Operations (Indirect Sourcing)

Job:                    AVP, Finance - Indirect Sourcing  

Department:      Open Manufacturing 

Division:            Operations 

Location:           Berkeley Heights, NJ 

FLSA:                 Exempt  

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Company Summary/Description:  

For more than a century, L'Oréal has devoted its energy, innovation and scientific excellence solely to one business: Beauty. A business rich in meaning, it enables all individuals to express their personalities, gain self-confidence and open up to others. Beauty is our language, a universal language.  Joining L'Oréal means joining our mission of offering women and men worldwide the best innovation by meeting the infinite diversity of beauty needs and desires all over the world. A company founded on Science, we continually explore new territories and invent products of the future, while drawing inspiration from beauty rituals the world over. Our formula: Diversity Plus Inclusion equals Innovation and Success. Drawing on the diversity of our multinational teams and the richness and the complementarity of our brand portfolio, Beauty remains our commitment.  L’Oréal has made the universalization of beauty its project for the years to come, offering beauty for all.  At the heart of our activities lies the ambition to lead by example with high ethical standards and the determination to be seen as a good corporate citizen with goals that are not only business oriented but socially responsible.  As a leader, we must preserve the beauty of the planet and contribute to the well-being of our employees and of the communities in which we are present. We invite you to explore the opportunities to help us perform this important mission. 

Job Summary:

This role is responsible for providing full financial support to the Indirect Sourcing Team (including these categories: Marketing, Retail & Promo, Logistic and Industrial Services, Business Services and IT) : on methodology, performance validation, reporting and networking within the finance community.

 

Job Responsibilities:

1 - Act as a Business Partner

• Provide analytical guidance & economic expertise in developing and implementing sourcing strategies and plans
• Support the delivery of all relevant financial objectives in compliance with the Group guidelines
• Develop a close relationship with the key business stakeholders & colleagues to anticipate risks and opportunities so to optimize the spend & the project performance
• Participate in building the business plans of all main Regional Indirect Sourcing Projects
• Contribute with the Regional Indirect Sourcing Head to develop ROI / Value Creation visibility

2 -  Drive and Control the Indirect Sourcing Spend & Economic Project Performance

At a Regional Indirect sourcing level:

• Consolidate and communicate to Management the regional quarterly reports (Budget, Trends, Actuals…) of the related activity in a timely manner
• Analyze the gaps, check data consistency, challenge results, identify risks / opportunities and propose corrective actions if needed
• Train & support the countries teams on the measurement of the economic impacts of indirect sourcing projects in full respect of the existing norms and guidelines
• Contribute to the continuous improvement & data quality maintenance of the sourcing/financial applications & systems to keep developing the teams Efficiency and Simplicity

At an operational Indirect Sourcing level (category purchasing teams):

• Ensure consistency and integrity of all the data reported to internal stakeholders & align on financial targets and actual results between Sourcing and the Business/Finance
• Follow-up the financial impacts of the regional key initiatives / projects and evaluate results
• When applicable, calculate & monitor other key performance indicators in coordination with the sourcing teams

          At an operational Canada Indirect Sourcing level:

• Coordinate the Canada Indirect Sourcing Finance Controller

3 -  “Guardian” of internal control and compliance

For both perimeters, regional and operational

• Ensure compliance with management, accounting, and economic rules & regulations
• Contribute to the respect and improvement of internal control practices - with a special focus on supplier financial risk identification
• Follow-up and contribute to the implementation of internal audit & internal control action plans

     4- People Management

• Responsible for the management of 1 Financial Analyst and 2 Controllers - Manager / Director level (development, coaching, day to day activities etc.)

Qualifications:

Education/Experience:

• 10+ years of experience in finance or accounting required including supervisory/ management experience
• Bachelor’s degree in Finance, Accounting or related field required.
• MBA/CPA preferred
• Consumer products background preferred.
• Sourcing or Supply Chain background preferred

Skills:

• Strong computer skills required; must have expert-level experience with Excel and Powerpoint.
• Financial reporting experience and use of SAP or similar systems highly desirable.
• Must possess strong analytical and problem solving skills; oral and written excellent communication skills; business acumen; leadership skills; and excellent interpersonal skills.
• Ability to thrive in a dynamic, fast-paced, work environment and multi-cultural, matrix organization.

 

FINANCE COMPETENCIES:

Choose the minimum level of experience required for each of the competencies listed below:

1- Foundation

3- Intermediate

5- Expert 

 

Manage Accounting Norms and Internal Controls:   

__3___ 

Exhibits reporting control & ensures compliance of transactions as it relates to the group accounting & management standards including GAAP/IFRS.

 

Efficient Use of Reporting and Consolidation:   

__4___ 

Defines and produces financial reporting across all businesses. 

Drives & educates processes to benchmark reporting and establishes best practices

 

Maximize Financial Systems:

__4___ 

Leverages knowledge around systems/data to provide insight into critical issues.

Systems include Excel, SAP, Analyzer, Compass, etc)

 

Plan and Analyze Business Performance:

__4___ 

Calculates & interprets financial results.

Anticipates & identifies opportunities, risks and solutions by calculating & interpreting financial results.

Sets objectives, goals & targets.

Recommends changes in a strategic direction

 

Optimize Cost of Purchasing:

__4___ 

Evaluates and drives improvement in Cost of Purchasing performance working across all departments; including Sourcing, Supply Chain and Manufacturing, Brands and Corporate functions.

Participates in applying costing methods, identifying KPIs, and setting controls to optimize cost.

 

Budget for Growth:

__4___ 

Develops budgets and financial forecasts (""trends"") in collaboration with business partners including Projects savings visibility to P&L.

Understands how they relate to achievement of overall business & financial targets.

 

Proactive Business Partner:

__4___ 

Using the L'Oreal knowledge, as well as market and financial expertise, to understands, improve, challenge and provided strategic recommendations contributing to the overall effectiveness of the business.

We are an Equal Opportunity Employer and take pride in a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.

If you require a reasonable accommodation to complete an application for a recognized disability under applicable law, please email [email protected]. Please note this email will only respond to specific requests for assistance completing the application as a request for accommodation for a disability. All others will not be considered.