Head - Regional Control & Credit Control

L'Oreal Middle East

India

Ref: RP957-605

Job description / Role

Employment: Full Time

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 Corporate Finance function for the position of Head – Regional Control & Credit Control. In this role, you will be responsible for managing the Accounts Receivables. You will work closely with the customer service and commercial team to achieve smooth order to cash process. The Candidate should have 8-12 years of professional experience with FMCG. A qualified CA / MBA (Finance) from a Tier I institute is preferable. The location of the job will be L’Oréal India H.O. at Mumbai. The role reports to the CFO, L’Oréal India.

Key Responsibilities:

• Proactively contribute to the implementation of the Credit policy established with the Controlling and Financial Director.
• Do financial analysis prior to the opening of a client account.
• Manage the block orders in case of unpaid bills, client default and bad debts.
• Target the cash collection and risks management objectives to allocate corresponding means in accordance with the Credit policy.
• Collaborate with the Credit Insurance for the negotiation and renewal of the credit limits, propose and follow alternative solutions in accordance with the Direction.
• Enforce fixed payment deadlines and define the stimulus policy.
• Supervise the credit management to minimize risks and to guarantee the hedging of the company by the insurance programs.
• Follow the key indicators (budget, real, trends).
• Be responsible of the suppliers account transparency.
• Animate problems related to customer credit in connection with the Supply Chain Director, Financial Director, Sales Director, Customer Care Manager, and follow up action plans.
• Modernize the payment methods.
• According to the organisation: recruit, develop and manager his/her team in ensuring the transfer of know-how and the expertise development. Implement organisational changes.

Requirements

Key Deliverables:

• Efficiency & ROI of Commercial spends
• Simplification of claim types
• Regional Trade Inputs for Commercial Policy formalization
• Measuring the ROI of distributors
• Inputs on stock equation + close watch on distributor's NOD
• Support Internal Control team on Market Hygiene analysis

Key Competencies:

• Strong Team management
• Leadership
• Urgency to deliver business needs
• Proactiveness to anticipate challenges & engage with stakeholders
• Curiosity
• Ability to thrive in a fast paced, dynamic work environment
• Strong communication & excellent stakeholder management

Key Relationships:

• Regional Control & Credit Teams (pan-India, team size of 12+)
• Commercial Controllers
• Corporate Finance
• Regional Finance
• Zonal Finance
• CFO
• Commercial Heads & teams

Physical Demands (e.g. % travel):

• Travel will be need based

Education:

• Chartered Accountant/Cost Accountant or MBA (Finance) from a Tier 1 college

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.

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