Business Finance Manager

Job description

Job Mission:

To enable the growth of our Fragrance & Beauty Division to its full potential we are looking for a dedicated Business Finance, based in HCMC, Vietnam.

With the aim to deliver a competitive advantage to our company, the Business Finance function needs to be agile and dynamic, founded on insights and proactive business partnering to influence and even shape strategic decisions.

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.

Business skills and leadership attributes:

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Transformational: The position shall have the attributes to challenge the status quo, be creative and innovative. 

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Visionary: able to develop and implement a strategic vision for the Fragrance & Beauty Division & as Finance Business Partner. Be sensible to changes in marketplace, upon which predicting impact to our House.  

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Agile: Work independently and be comfortable with complexity and ambiguity. Be curious to find out what we don’t know, a proactive and continuous learner.

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Relationships-focused: Be collaborative with various teams including Trade Partner as necessary, Finance, Business.

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Proactively provides solutions, recommendations, and supports to stakeholders 

Key Responsibilities:

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Contributes to build and plan the Strategy for the Fragrance & Beauty Division

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The position is actively involved in shaping a strategic Vision and goals with management teams for the Fragrance & Beauty Division

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Forward thinking, utilize robust and advanced analytics to derive mid/long term business scenarios, predictive and prescriptive analysis to come up with possible actions and guide stakeholders towards a solution

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Monitors external environment such as macro factors, competitors’ movements, assess the impact to our business (short term, mid/long term) and recommend appropriate course of strategic actions where applicable

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Drives business performance management of the Fragrance & Beauty Division

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The position provides value-added financial/predictive analyses, modelling, advisory and insights into business & functional performance and, whether at regional, divisional, or local level to influence management decision making. 

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Profitability and productivity scope 360 – by customer/by area, by division, cost center 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 

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Collaborates with Divisions, budget owners and coordinate with Trade Partner and 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

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Leads the establishment of regular cadence with business partners, drive the monthly FBP division performance meeting for monthly actual vs budget variance analysis, sales and expense forecast updates as well as improvements to operating expense efficiency and forecasting. Recommends appropriate course of action when results differ from plan

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Leads inventory management with FBP division through reviews with commercial teams, sales forecast, follow up on Stock Obsolescence and write offs

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Understands, makes sense and provides recommendations based on the interdependencies & links between different functions and the FBP division

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Drives efficient tracking, planning/budgeting for the Fragrance & Beauty Division

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Leads the process and development of Monthly/quarterly tracking, forecasts, Budgets, Latest Estimates and 2-year plan and MTP where applicable

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Contributes to the development of Annual Business Review and Strategic Alignment Meetings

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Supports in streamlining planning and forecast processes:

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Forecasts 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

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Proactively provides feedbacks 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

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Provides ad hoc financial analysis and presentation as required by management

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Builds complex Business Cases with multiple scenario analysis and modeling to support decision making. Provides recommendations.

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Co creates capital expenditure request with business and budget owners and provide its expertise on the subject, ensure financial and qualitative KPIs are met, carry out post-mortem review to ensure actual project outcome as per plan

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Helps to shape the right business model, the right organization, and the relevant governance for each of the export markets, navigating between our internal organization, our trade partner’ organization and the local tax and regulatory landscapes