L'Oreal - Brand Finance Controller

The world leader in cosmetics, L'Oreal is present in 150 countries on five continents. Our 36 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. 50% since 2005.

The DNA of L'Oreal is Innovation and we are driven by a real passion for the future. Our Research and Innovation Centers in India are the sixth innovation hub for L'Oreal worldwide to fuel local market innovations. In our quest to win the next billion consumers, we are looking for talented individuals who can lead us on this mission.

Would you like to be a part of the adventure?

In this role, you will be responsible for driving the Brand P&L for one or more specific brands of Consumer Product Division of L'Oreal India. The candidate should have 6-9 years of professional experience with FMCG / Consumer Durables/eComm companies. The location of the job will be at our Head Office in Mumbai.

Key Responsibilities

- Reviewing return on investment related to marketing expenditure/sales deduction, analyzing the effectiveness and proposing suggestion/solution

- Reviewing monthly business performance of each brand and providing strategic and financial decision/action plan partnering with the brand general manager

- Implementing internal control function within the department (fixed asset capitalization, purchasing system, promotion planning /marketing proposal)

- Undertaking all cost analysis in order to detect risks and propose the actions required to maintain budgetary objectives

- Managing profitability of the brand in question

- Managing marketing spending to be align with the budget and analyzing the effectiveness of the marketing spending in order to maximize the return on investment

- Acting as business partner with commercial team and marketing team to drive and optimize the investment in product and customer.

- Managing forecast and sales to ensure the company able to achieve the target revenue

- End to end financial responsibility of business P&L and processes.

- Ensuring each and every line item of P&L is reviewed

- Preparation of Trends and Budgets and presenting the same to stakeholders.

- Study and benchmarking of product pricing, margins and discounting with competition on regular basis across the channels.

- Driving the Gross Margins of Channel.

- Providing timely analysis and inputs to Division Controller and other stakeholders.

Key Deliverables:

- Delivery of Key Job responsibilities

- Adherence to all processes

- Making sure completion of any group internal control audit in a satisfactory manner.

- Driving ROI Mindset

- Delivery of brand and category P&L

- Timely monthly closings and reporting

- Preparations of P&L of all Channel along with Gross Margins and full analysis of all the drivers on monthly basis and during trends and budgets.

Key Competencies:

- Must be able to integrate with the commercial & Brand Teams of different channels.

- Must have complete understanding of Indian FMCG commercial working environment.

- Must have working knowledge of SAP and business tools.

- Act as an enabler.

- Solution oriented.

- End to end understanding.

- Agility and adaptability.

- Act as a business partner.

- Should have high level of accuracy and must respect timelines.

- Must not be doing postmortem of results at month end rather should be on top of his business on day-to-day basis in order to take right decisions timely.

Education - Chartered Accountant/MBA from Tier 1 institute with 6-9 years of experience