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Petaling Jaya, SELANGOR
Finance
Full - Time
20-Mar-2024

Who we are? 

Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries. 

At L'Oréal, there are 6 Zone Business Services Centers supporting the Group. Our L’Oréal Global Business Services, with mission of providing excellence Finance Services, improving operational performance and processes continuously resulted in world-class Finance Services and catalyst for Finance Process Transformation, and delivering top efficient and effective processes whilst maintaining integrity. In order to transform our vision into reality we are working on the following 3 mindset pillars: DO THE RIGHT THING, DO IT RIGHT AND DO IT BETTER. 

One of centers set up in Malaysia, we call it BEST in KL (BEST stands for Business Expertise, Services & Technologies), provides financial services to 20 markets within North Asia & SAPMENA (South Asia Pacific, Middle East & North Africa). 


Overview of the role

Optimizing cash management, cash flow financing and an enabler for investing of cash surpluses 

Key job responsibilities 

The FX Risk Management Analyst is responsible for;

  • Contribute to the Group foreign exchange risk management process in identifying and hedging currency risks. 
  • Follow the implementation of the hedging instruments with the Group Treasury and monitors the foreign exchange position. 
  • Build foreign currency risk forecasts and reports them in the Group FX Report tool. 
  • Monitor changes in foreign exchange needs and surpluses and report any foreign exchange risk modification in the FX Report, alert BEST, Zone and Group on over/under-hedging. 
  • Explain the impact of currency hedges in the Entity's accounting. 
  • Assure regular communication with the departments whose activities may have a significant impact on foreign exchange risk, apparent or hidden. 
  • Deal FX spots with local banks when authorized and allowed by the Group. 
  • Process the actual monthly closing of FX transactions and analyses the deviation vs forecast. 
  • Assist BEST, Zone Treasury and entity finance in the animation of the different departments to ensure compliance with the Financial Charter within the Entity. 
  • Guarantee the security of operations and participates in the fight against fraud. 
  • He / she reports directly to Senior Risk Management Manager.


Who we are looking for

  • 3+ years in-depth finance expertise 
  •  2-3 years’ experience in treasury, accounting, finance, auditing or Business Management in a rapidly growing business 
  • Knowledge of treasury operations and payments systems would be preferred 
  • MS/MBA/MA, applicable certification or equivalent experience would be preferred 
  • English fluent 
  • Inter-personal skill
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