Job Title: Director, BEST Record to Report 

Division: BEST Finance

Location: Tampa, FL 

Reports To: AVP, BEST Record to Report 

Who We Are: 

For more than a century, L’Oréal has devoted its energy, innovation, and scientific excellence solely to one business: Beauty. Our goal is to offer each person around the world the best of beauty in terms of quality, efficacy, safety, sincerity, and responsibility to satisfy all beauty needs and desires in their infinite diversity. 

What You Will Learn:

The role of a Record to Report (R2R) Director is a critical leadership position within an organization's finance function. This individual is responsible for overseeing the entire financial closing and reporting process, ensuring accuracy, integrity, and compliance with various accounting standards and regulations. The R2R Director plays a pivotal role in delivering timely and precise financial information to both internal and external stakeholders, which is essential for strategic decision-making and operational feedback.

Here's a detailed breakdown of the job description for an R2R Director:

Job Summary

The R2R Director leads and manages all facets of the Record to Report function. This encompasses general ledger accounting, the financial close process, reconciliations, and comprehensive financial reporting. A key aspect of this role is maintaining robust financial controls, driving continuous process improvements, and ensuring strict adherence to accounting standards and regulatory requirements. The Director is also responsible for leading, developing, and mentoring a team of finance professionals, cultivating a high-performance culture focused on continuous improvement.

Key Responsibilities

• Leadership and Team Management:
  • Provide strong leadership, clear direction, and effective mentorship to the R2R team.
  • Foster a collaborative environment that promotes high performance and continuous improvement.
  • Establish clear goals and objectives, monitor team performance, and deliver regular feedback and coaching.
  •  
• Financial Close Process and Reporting:
  • Supervise the monthly, quarterly, and annual financial close processes to ensure timely, accurate, and complete financial statements.
  • Lead end-to-end R2R operations, including the management of journal entries, intercompany transactions, fixed assets, and account reconciliations.
  • Prepare and rigorously review balance sheet financial statements (income statements, balance sheets.
  • Ensure the timely and accurate delivery of financial reports, providing insightful analytics to key business stakeholders to support their decision-making.
• Reconciliation and Analysis:
  • Manage the meticulous reconciliation process for all balance sheet accounts, including bank accounts, intercompany transactions, and prepaid expenses.
  • Conduct thorough variance analysis to identify trends, anomalies, and areas ripe for improvement, providing valuable insights to senior management.
  • Perform in-depth financial data analysis and offer data-driven insights to support decision-making processes.
• Compliance and Internal Controls:
  • Ensure unwavering compliance with International Financial Reporting Standards (IFRS).
  • Collaborate effectively with both internal and external auditors to facilitate audits and promptly address any inquiries or findings.
• Process Improvement and Optimization:
  • Proactively identify opportunities to streamline R2R processes, enhance controls, and optimize resource allocation to significantly improve efficiency and effectiveness.
  • Lead or actively participate in cross-functional projects aimed at implementing process improvements, system enhancements, and automation initiatives (e.g., Blackline automation).
  • Develop and diligently maintain comprehensive process documentation, Standard Operating Procedures (SOPs), and internal controls.
  • Drive operational effectiveness through the strategic utilization of shared service models.

Qualifications

• Education: A Bachelor's degree in Accounting, Finance, or a closely related field is typically required.
• Certifications: A Certified Public Accountant is preferred 
• Experience:
  • Extensive progressive experience (typically ranging from 7 to 10+ years)  in accounting, finance, or a related field.
  • A minimum of 5-7+ years in a supervisory or managerial role, with demonstrable experience in managing Record to Report processes and leading teams.
  • Proficiency with ERP (Enterprise Resource Planning) systems (such as SAP, Neo), financial consolidation tools, and advanced Microsoft Excel skills.
  • Experience within a shared service environment is considered highly beneficial.

Essential Skills

• Technical Expertise:
  • Strong technical accounting knowledge and proficiency in IFRS.
  • In-depth knowledge of financial reporting requirements, including IFRS.
  • Capability to perform comprehensive financial analysis, including ratio analysis and trend analysis.
• Analytical & Problem-Solving: Possess excellent analytical skills, meticulous attention to detail, and robust problem-solving abilities to identify and resolve discrepancies.
• Leadership & Management:Demonstrated leadership capabilities, including the aptitude to motivate, develop, and empower team members, and effectively manage both on-shore and off-shore teams.
• Communication & Interpersonal: Exhibit effective communication skills (both written and verbal) and strong interpersonal skills, with the capacity to collaborate cross-functionally and influence stakeholders at all organizational levels. This includes strong presentation skills for reporting to management and external/internal stakeholders.
• Organizational & Time Management:Possess excellent organizational skills and the ability to perform effectively under tight deadlines in a fast-paced, high-volume environment.
• Process Improvement Mindset: A proactive ability to identify and implement process improvements to enhance efficiency and effectiveness.
• Integrity: Unwavering commitment to integrity, ethics, and professionalism in all financial reporting and business conduct.

What’s In It For You:

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

Don’t meet every single requirement? At L'Oréal, we are dedicated to building a diverse, inclusive, and innovative workplace. If you’re excited about this role but your past experience doesn’t align perfectly with the qualifications listed in the job description, we encourage you to apply anyways! You may just be the right candidate for this or other roles!

We are an Equal Opportunity Employer and take pride in a diverse environment. We would love to find out more about you as a candidate and do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.

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