Who is L’Oréal?
L'Oréal is the world's largest and most profitable beauty company. Present in over 150 countries, L’Oréal has catered to all forms of beauty in the world for over 100 years and has built an unrivalled portfolio of more than 36 international, diverse and complementary brands including L'Oréal Paris, Garnier, Maybelline New York, Nyx Professional Makeup, IT Cosmetics, Lancôme, Kiehl's, Urban Decay, Shu Uemura, Giorgio Armani, Yves Saint Laurent Beauté, Ralph Lauren, Diesel, Biotherm, Clarisonic, Kérastase, L'Oréal Professionnel, Matrix, Vichy, and La Roche-Posay.
For more than a century, L’Oréal has devoted itself solely to one business: beauty. The group's mission is to provide the best in cosmetics innovation to women and men around the world with respect for their diversity. We want to bring beauty to all people. Our ambition for the coming years is to win over another one billion consumers around the world by creating the cosmetic products that meet the infinite diversity of their beauty needs and desires.
Our business is energetic and vibrant, underpinned by strong ethical principles and our belief that financial performance and responsible business go hand-in-hand. We are driven each day by our six founding values - Passion, Innovation, Entrepreneurial Spirit, Open-mindedness, Quest for Excellence and Responsibility.
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?
Why join us?
L'Oréal Malaysia has been recognized as a Top Employer 2024 & 2025 by the Top Employers Institute! - Check it out here!
What will you do?
- Completion of transaction tasks including Goods receipt monitoring and period end closing tasks.
- Produce and publish analytical documentations and reports as required by local CFO, Zone and Group
- Coordinate accounting closing performed by Accenture and countries divisional controllers.
- Being a key contact of accounting for assigned countries in terms of provision and controlling reports.
- Improve Controlling reporting processes and working closely with DEX team.
- Responsible for KPIs that are linked to Controlling reporting for assigned countries.
- He / she reports directly to Controlling Reporting Leader.
You are expected to manage the following:
Period Closing
- Ensure timely completion of all transactional tasks enabling to close the monthly/quarterly/semester or year-end financial statements.
- Monitor good receipts in the system and chase business departments when necessary.
- Perform general closing tasks (open/close periods, proceed to Journal entries in Blackline)
- Manage system interfaces & reconciliations (SAP-Compass TM1-Magnitude, inter-Compass TM1 modules)
- Launch transactional closing tasks (POS activation to balance sheet)
- Perform closing process in Compass (Upload actuals/Manage allocation of actuals in Compass/Fix blocking controls/Complete indicators/Officialize Budget/Trend scenarios)
Reporting Production
- Produce the analytical documentation on behalf of the zone countries:
- Produces Period closing CFO / Finance Director reporting books (actuals, budget, trends) & associated books (Digital/HR books)
- Prepare performance analysis documentation (against budget, target, and/or trend) and run reports
Management Reporting
- Responsible for preparation and publication of monthly actual results
- Responsible to publish Trend/Pre-budget/Budget
- Prepare the management reporting deck to be presented to divisional controllers and CFO and ensure issues are timely resolved.
- Prepare other group reporting defined in BEST scope.
- Be a key accounting contact with group and zone controlling team for the entities he/she is in charge of.
Other Reporting Task
- Prepare account reconciliations and follow up the actions to ensure balance sheet are clean.
- Be a key accounting contact with group and zone controlling team for the entities he/she is in charge of.
- Arrange balance sheet reviews with country divisional controllers and country CFOs for entities he/she is in charge of.
- Any other closing and reporting tasks as required for the entities he/she is in charge of.
If you are a Malaysian abroad and keen on exploring career opportunities in L'Oréal Malaysia, click here to explore incentives to facilitate your return
Returning Expert Programme - MyHeart Portal
Who are we looking for?
- 1-2 years of work experience in accounting/audit
- Strong knowledge of IFRS accounting standards and regulations in Asia.
- Experience in Finance business partnering and management reporting (especially management P&L reporting)
- Solid knowledge of accounting process and practice, and ERP (SAP) system.
- Experience of managing a professional accounting team.
- CPA or equivalent is a plus.
- Experience in a multinational company or shared services organization strongly preferred.
- Ability to manage complexity and dynamic business situation.
L’Oréal Competencies
- Innovator
- Strategist
- People Developer
- Integrator
- Entrepreneur
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.