Sr Manager- R&I Finance

About the position

The Senior Manager of Finance for Research & Innovation (R&I) at L’Oréal plays a crucial role in supporting the company’s R&I transformation, particularly in the Hair Métier. This position is responsible for providing financial leadership, driving value creation, and ensuring the financial health of the R&I P&L and balance sheet. The role involves strategic decision-making, financial reporting, budgeting, forecasting, and stakeholder management, all aimed at maximizing ROI and contributing to L’Oréal’s overall innovation strategy.

Responsibilities
• Oversee the monthly financial close process for the R&I department, including preparing journal entries and performing variance analysis.
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• Collaborate with local and global métiers to develop accurate budgets and forecasts aligned with the R&I transformation roadmap.
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• Identify and analyze opportunities for value creation within the R&I transformation.
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• Partner with local and global métiers to assess financial risks and opportunities, developing mitigation strategies as needed.
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• Maintain a clean and accurate Goods Receipt/Invoice Receipt (GRIR) balance by resolving discrepancies and managing outstanding purchase orders.
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• Provide mentorship and training to management trainees and interns in the department.
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• Lead and participate in strategic financial projects to enhance the efficiency and value creation potential of the R&I department.
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• Build and maintain strong relationships with key stakeholders across the organization.

Requirements
• Bachelor’s degree in Finance or Accounting.
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• 5+ years of experience in finance or accounting.
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• Proven track record of success in a financial management role, preferably within the consumer goods or beauty industry.
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• Deep understanding of financial reporting principles and practices.
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• Strong analytical and problem-solving skills.
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• Excellent communication and interpersonal skills.
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• Proficient in Microsoft Excel, SAP, and PowerBI.
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• Ability to thrive in a dynamic, fast-paced environment.

Nice-to-haves
• MBA preferred

Benefits
• Competitive Benefit Package (Medical, Dental, Vision, 401K, Pension Plan)
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• Hybrid Work Policy (3 Days in Office, 2 Days Work from Home)
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• Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)
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• Access to Company Perks (VIP Access to L’Oréal’s Internal Shop for Discounted Products, Monthly Mobile Allowance)
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• Learning & Development Opportunities (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)
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• Employee Resource Groups (Think Tanks and Innovation Squads)
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• Access to Mental Health & Wellness Programs