Finance Manager – Accounts Payable

Job description

Job Mission:

After 3 years finance transformation journey. We are successfully evolving from pure transactional handling to be more focusing on exceptional handling & value creation model. It is foreseeable Chanel business continues to growth in APAC in the coming 3 years, we need to prepare ourselves to create a right model to serve our business need.

In order to give more deeper support to market CFOs, we see there is strong need to consolidate both Accounts Receivable and Accounts Payable team together under 1 leadership and separate the project management activities. This could create more resources synergy, reduce siloed thinking, and enable better career development within the team. This new consolidated team could focus on daily operation activities and maximize the efficiency. This position will play an important role to manage overall order to cash and procure to pay end to end for the House.

Key Responsibilities / What you can bring to the team:

Reporting to Senior Finance Manager – Accounts Receivable/Payable and the incumbent will be responsible to manage a team and deliver exceptional Accounts Receivables/Accounts Payable services for specific markets in Chanel and to:

·  Be the gate keeper to ensure the overall service delivery (i.e. accuracy and quality) of accounts receivable/payable function in the cluster based on the agreed service level agreements (SLAs) & defined closing mechanism. Perform final review and approval of overall end to end process & its quality
·  Provide sufficient coaching and training to the team with advanced proficiency with financial and operational system knowledge in both Accounts Receivable and Payable areas to perform the daily operation
·  Assist Senior Finance Manager – Accounts Receivable/Payable to plan out the right level of resources planning to meet with future business growth in Accounts Receivable/Payable transactional processing demand
·  Monitor operational performance via KPIs and other automated / self-serviced reports to look for continuous improvement

·  Assist to drive trade working capital management under both Accounts Receivable/Accounts Payable and look for improvement areas
·  Orchestrate strong collaboration between varies team in finance community to achieve month end closing in good quality and timely manner together with Financial Accounting and Reporting team
·  Be able to interpret the defined Key Risk Indicator (KRIs) to provide insight to market CFOs and execute the relevant mitigation plans to address the identified risk

Role Specifications:

Academic/Professional Qualifications

·  University degree
·  CPA/CA/ICAA or equivalent

Work Experience

·  Minimum 6 years working experience, inclusive of 2 years of managerial experience
·  Big 4 audit experience is an advantage
·  Worked in Shared Service Center is an advantage
·  Solid expertise / operational know-how of all finance processes (AP, AR, GL, inventory accounting, etc) and understanding of market specificities
·  Fluent in English is a must

Required Competencies

·  Address obstacles that hinder collaboration between team members / business functions
·  Drive self and team members to work outside of their comfort zones
·  Use failure as an opportunity for immediate learning , feedback and new thinking for personal and team development
·  Manage team dynamics by taking into consideration the characteristics and personalities of team members through conversations
·  Maximise team performance by creating support structures and mutual relationships that  motivate and empower team members
·  Form strategic partnerships across business functions to leverage a holistic and dynamic working environment with a multitude of perspectives and skills
·  Effectively coordinate the different skills, interests, and perspectives of various team members to create diverse, yet complementary work environment
·  Build cross-cultural relationships and partnerships by fostering idea exchange and shaping perspectives. Align local, regional, and global strengths across the organisation
·  Harmonise differing cultural perspectives by integrating contradicting policies, and cultural norms into a framework of inclusive practices
·  Encourage open communication among different teams
·  Manage all team, business unit, and organisational interests to ensure a coherent and unified perspective within the organisation
·  Apply, translate, and interpret findings from evaluations toward creating effective solutions within CHANEL
·  Align all individual, team, and organisational goals toward the effective and efficient completion of tasks that benefit CHANEL
·  Introduce agile manifesto and experimentation into the team culture, and empower the team to become a dynamic problem solver
·  Make calculated decisions by offering a strategic perspective that balances potential negative and positive consequences
·  Create a culture of learning that encourage individuals and teams to take risks for the sake of skills and knowledge improvement

Key Interactions / Stakeholders:

Internal

·  Market CFOs
·  Local Finance team
·  Divisional Teams
·  CHANEL Internal Audit teams

External

·  Project consultants
·  External Auditors