Commercial Controller

Job description / Role

The world leader in cosmetics, L’Oréal 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’Oréal 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’Oréal 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’Oréal 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 Professional Product Division for the position of Commercial Controller. In this people manager role, you will be responsible for driving the commercial controlling of all channels of the Professional Product Division of L’Oréal India.

The candidate should have at least 8-12 years of professional experience in FMCG sector. The location of the job will be Mumbai.

Key Responsibilities:
• End to end financial responsibility of managing the Structural/Promotional Discounts (Minoration) for the Division and timely payouts.
• Driving the Channel Profitability with long term horizon
• Setting up and driving high standards of compliance in the commercial areas
• Reviewing and implementation of the commercial policy
• Monthly Financial Closing and preparation of Trends and Budgets as per the Group calendar
• Full understanding of systems (SAP/DMS/Compass) flow and which P&L line item any decision impacts. Strong expertise in SAP is desired.
• Strong support for the rollout of new DMS
• Working very closely with commercial teams to enable them to achieve business results and objectives.
• GTM strategy review
• Reviewing the Excess & Obsolete Inventory and Current Assets (Stock and Debtors) for the Division
• Should be able to develop an overall understanding of the Division P&L
• Provide timely analysis and inputs to Division Controller and other stakeholders.
• Driving margins and JBPs of E-Commerce clients.
• Full visibility of stock in trade of all channels.
• Driving RGM in each business channel
• Working on Value Creation Projects

Key Deliverables:
• Timely and Accurate Reporting
• Adherence to internal control norms and handling of audits
• Supporting Brand GMs and NSMs in decision making
• Improvement of Commercial Policies
• Maintaining Channel Profitability and Discount levels as per reported Budget and Trend
• Develop an understanding of the overall P&L including all lines and support the Division Controller for decision making.
• Grow and develop people.

Requirements

Key Competencies:
• Comfortable in handling multiple Systems (SAP/Compass/DMS/Agile point)
• Should be comfortable in handling ambiguity.
• Must have good people skill to help network within the company.
• Should be able to leverage technology to scale up or make robust processes.
• Must be able to manage team of commercial controllers of different channels.
• Timely and accurate Decision making
• Value Creator
• Solution oriented.
• End-to-end understanding.
• Agility and adaptability.
• Should have a high level of accuracy and must respect timelines.
• Act as an enabler.
• Solution oriented.

Key Relationships:
• Brand GMs
• Commercial Teams
• E-Commerce Head
• Marketing Controllers
• Corporate Finance
• Regional Finance & Credit Controller
• Supply Chain
• Tax team
• Zonal Finance
• Finance Shared Service Team

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

Education:
• Chartered Accountant/Cost Accountant
• MBA from Top Tier Colleges

L’Oréal is committed to building a diverse environment and is proud to be an equal opportunity employer. L’Oréal 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.

About the Company

For more than a century, we have devoted our energy and our competencies solely to one business: beauty. We have chosen to offer our expertise in the service of women and men worldwide, meeting the infinite diversity of their beauty desires. We are committed to fulfilling this mission ethically and responsibly.