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 Accounting & Treasury Department for the position of Dy. Chief Accountant. The position demands an individual who is a right mix of Skills and Process expert. The role will be responsible for managing monthly closing of Books of Accounts as per IFRS and IGAAP, getting the financials prepared and reported and also get the same audited as per the Group’s requirement. This role plays a major role is ensuring that compliances to Group processes impacting accounting is there and they are in line with the Accounting Standards / Guidance. This role is also responsible for timely completion of Statutory Audit to ensure that dividend remittance is done as per the Group timelines. 

The role also involves regulatory compliances like MSME reporting, XBRL filling etc.. 

You should be Chartered Accountant by qualification with 8 to 10 years of experience. The location of the job will be at our Head Office in Mumbai.

Key Responsibilities:

• Ensuring timely and accurately closing of Books as per the Group Calendar. Work with different stakeholders (Division teams, Corporate teams, HR team, BEST team etc..) to ensure smooth closing of books. 
• Ensuring that reporting of the financial results through CONSO package is done as per the Group timelines and frequency (6 times a year). Work with BEST accounting team to ensure timely submission of reporting. 
• Getting the books of accounts audited by independent auditors (Big 4) and ensuring clean audit report with No adjustments. 
• Handling Statutory audit as per IGAAP and work with Auditors to ensure timely completion of the audit. 
• Preparing Interim Financials for each quarter to help remit interim dividend to the Parent company. 
• Ensuring compliances to regulatory filings and reporting (MSME reporting, XBRL filling etc..) 
• Taking responsibility to ensure Fixed assets register is maintained as per the Group standards and periodic review of the same. Monthly reconciliation of Fixed Assets register Vs GL balances. 

Key Competencies:

• Maximize Financial Systems and Data Management 
• Act as Proactive Business Partner 
• Effective Communication skills both oral and written 

Key Relationships:

• Internal Interactions – Division Finance Controlling Teams, Corporate Finance Controlling Teams, Taxation, Operations Team, Factory Accounting and Controlling team and BEST team 
• External Interactions –Group Auditors, Statutory Auditors and Shared Service Centre 

Physical Demands (e.g. % travel):

• Travel will be need based

Education:

• Chartered Accountant with 8 to 10 years of experience 

Pre-requisites: 

• Knowledge of SAP 
• Inter-Personal Skills 

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.