About the Role:
To deliver a competitive advantage to our company, Business Finance function needs to be agile and dynamic, founded on insights from advanced analytics and tools, proactive business partnering with the aim to influence strategic decision where possible.
With the ever-changing business environment and technologies, there have been significant changes in the role of the Business Finance function, as it pivots towards a more predictive and analytical future as opposed to descriptive analysis.
We shall no longer just report the news but help making the news. Connect the internal and external insights and proactively drive and shape the governance of the local, regional or global agendas for business discussions.
The mission of the Business Finance Manager is to provide Smart Analytics that can be turned into actionable insights and enables management to effectively solve their business problems. Smart analytics are:
Relevant: it makes a difference, especially regarding making predictions
Timely: it's relevant now
Faithful: it's complete, neutral, and error-free
Verifiable: it can be replicated and verified
Actionable: it' true to what it claims to represent and is deemed beneficial to the user
Understandable: it's quickly comprehensible by those familiar with the situation
Our role will be multifunctional: performed as Risk professionals, BI experts, Managers driving on risk management, Modelers, Idea-generators, and Business Partners working side-by-side, creating synergetic teams with strategic vision and enormous analytical capabilities.
Impact You Can Create In The Role:
Drive business performance management
The position proactively leads the utilization of robust and advanced analytics to provide value-added financial/predictive analyses, modelling, advisory and insights into business performance and, whether at regional, divisional or local level to influence management decision making.
Profitability and productivity scope 360 – by customer/by area, by division and consolidated. By channel of distribution / point of sale and product category. The focus is qualitative profitability growth while never compromising on our brand equity
Collaborate with Divisions, budget owners and coordinate with Regional Finance teams on developing analytical KPIs and automated reports to support business decision making and enhance work efficiency. Ensure adopting regional developed reports and templates where applicable, and focus local templates/analysis on value adding to business, prescriptive with insights and proposed actions
Lead the establishment of regular cadence with business partners, drive the monthly performance meeting for monthly actual vs budget variance analysis, sales and expense forecast updates as well as improvements to operating expense efficiency and forecasting. Recommend appropriate course of action when results differ from plan
Lead inventory management with divisions through reviewing “Open to Buy” proposals with commercial teams, sales forecast, follow up on Stock Obsolescence and write offs
Contribute to strategic business decisions
The position is actively involved in shaping strategic goals with management teams
Forward thinking, utilize robust and advanced analytics to derive business scenarios, predictive and prescriptive analysis to come up with possible actions and guide stakeholders towards a solution
Co-create capital expenditure request with business and budget owners and provide its expertise on the subject, ensure financial and qualitative KPIs are met, carry out postmortem review to ensure actual project outcome as per plan
Monitor external environment such as macro factors, competitors’ movements and recommend appropriate course of strategic actions where applicable
Drive efficient planning/budgeting
Lead the process and development of Monthly/quarterly forecasts, Budgets, Latest Estimates and 2-year plan and MTP where applicable
Contribute to development of Annual Business Review and Strategic Alignment Meetings
Support in streamlining planning and forecast processes:
Forecast efficiently and effectively, i.e. forecasting process balances speed with accuracy, work closely with business partners to develop a “lighter” operating budgeting process to minimize reworks
Proactively provide feedback on the design of planning Systems, software, and tools: Our financial systems and software are designed to integrate historical and predictive financial information and reduce time spent on manual data manipulation
Supervise and Develop people
Elevate Business Finance community capabilities within the country via on-the-job training and coaching, support the information and best practice sharing across the region
Provide ad hoc financial analysis and presentation as required by senior management
You are energized by:
Transformational: You thrive in roles that challenge the status quo, allowing you to be creative and innovative. You are a visionary, able to foresee outcomes and set trends. You are attuned to changes in the marketplace and can predict their impact on our organization.
Agile: You work independently and are comfortable with complexity and ambiguity. You are curious and proactive, always eager to learn and discover what we don't yet know.
Relationships-focused: You excel in collaboration with various teams, including finance, business, and other corporate functions at local, regional, and global levels. You proactively provide solutions and support to stakeholders.
What you will bring
A university degree in Finance/Accounting, Business Administration, or related disciplines is preferred.
Thorough knowledge of accounting, financial planning, and analysis concepts and principles.
Minimum 12 years working experience, inclusive of 2-3 years of managerial experience
Solid experience in the FMCG or retail industry of F&BP / FA / W&FJ is preferred
Extensive experience in the finance department of a multinational company.
Strong background in Controlling and Budget Analysis, with hands-on experience in finance systems. Experience in IT Controlling, Budget Analysis, and IT financial management methodologies is a plus.
A rigorous, organized approach and a strong sense of service.
What Chanel can offer you
Brand Legacy: In-depth exposure into the rich brand and cultural evolution of the House of Chanel.
Leadership: Collaborate closely with Market, Regional and Global leadership to support strategy building and learning culture of the House.
Talent Development: Chanel is committed to developing and empowering our people.
Collaborative Culture: Be part of a collaborative and inclusive culture, where diverse perspectives are valued, and partnerships are fostered across functions and regions.
Support and Resources: You will have access to the resources, support and infrastructure needed to continue to grow successfully.
At Chanel, we are focused on creating an inclusive culture that nurtures personal growth, contributing to collective progress. We believe the uniqueness of each individual increases the diversity, complementarity and effectiveness of our teams. We strongly encourage your application, as we value the perspective, experience and potential you could bring to Chanel.
