Head of Accounting

Primary Duties
The Head of Accounting & Reporting is a key leadership and management position in the TR Accounting and FC&R team. Reporting to the Finance Director the position leads the Accounting and FC&R departments to ensure regular operations and reporting are efficiently administered and compliant with Richemont's finance policies, procedures and international accounting standards. Key to the position is oversight and management of risk, including financial, legal and regulatory requirements. The position will have strong focus on continuous improvement, and establish a culture of trust, compliance, and financial control with all internal and external stakeholders.

The Primary Duties Of The Position Include

• Leading the FC&R accounting departments with a focus on best practice, compliance and learning to create an enabling environment that achieves the targets and goals of the function.
• Ensuring financial reports are accurate and compliant with Richemont policies and international accounting standards by maintaining oversight and responsibility of financial transactions.
• Assessing procedures, processes and systems with an emphasis on efficiency and innovation to enable the Accounting and FC&R team to contribute business orientated solutions to Maisons and Functions.

Key Responsibilities
Leadership and Management

• Manage and oversee the Accounting and FC&R department, working closely with and supporting department supervisor to set clear objectives, responsibilities and targets.
• Oversight recruitment, performance management and professional development of team members, with the goal to continually build and develop the capacity of the Accounting and FC&R team.
• Confirm team member development plans and review the assessment of team member performance by identifying learning and development opportunities which enable succession planning.
• Actively working with the regional Accounting and FC&R management to share knowledge, best practices and opportunities to improve the Accounting and FC&R local function.
• Establish a culture of trust, compliance, and financial control with all internal and external stakeholders.

Accounting

• Oversee and supervise month end closing process with the support of the deputy manager. Including Group closing deadlines and checklists, complete supporting documents, reviews and sign off approvals in compliance with Richemont internal controls.
• Review and escalate balance sheet variances and risks, investigating causes with the team and ensure compliance with Richemont policies and procedures.
• Monitor debtor management and credit control with the Accounts Receivable team – maintain relationships with Europe Credit Control Team to ensure local function requirements are met
• Work closely with the Accounts Payable team to ensure the supplier invoice process is efficiently administered and compliant with local regulations and Richemont procedures.
• Ensure entity liquidity levels are adequate, work with the Tax and Treasury & Controlling teams to generate cashflow forecasts, ensure bank accounts are reconciled and payments are processed efficiently.
• Support the management and compliance of local tax requirements and keep up to date on taxation developments in the country.
• Manage and oversee the VAT collection process and ensure timely and effective collection procedure is in place.

Reporting

• Ensure that financial statements are accurate and in compliance with Richemont Group policies and procedures, and with IFRS standards and local regulatory requirements.
• Review and analyse the trial balance, Group reporting pack and provide explanations on movements and variances for follow up actions.
• Review and validate the monthly tax return making sure the return is compliant with local tax laws and submitted within the required deadline.
• Oversee the resolution of any technical reporting issues and concerns.
• Ensuring general ledger accounts in use are up to date and in line with the Group Operational Chart of Accounts.

Financial Excellence and Process Improvement

• Work across accounting departments to review and evaluate workflows, processes and systems to improve efficiency, timeliness and accuracy, with a focus on innovation and automation.
• Lead and participate in financial control and reporting projects and initiatives either within the function or across other functions.
• Act as a Subject Matter Expert for finance process areas and a point of contact to support harmonisation and knowledge sharing, team capacity, development, and the achievement of targets.
• Liaise with Group Finance departments and build relationships with key stakeholders to keep up to date with new initiatives, processes or changes and to promote the local finance function.

Compliance, Internal Controls and Audit

• Lead a culture of compliance ensuring policies, procedures and internal controls are implemented.
• Perform regular tests on controls as per ICS requirements and ensure that all required ICS reviews are completed in accordance with agreed timetables.
• Manage and oversee external and internal audits to ensure information is provided and deadlines are met. Implement recommendations (if any) during and after audits and take corrective action(s) when required.

Key Stakeholders

• Maisons and Richemont Function teams and management
• Function teams in the MEIA region.
• Richemont Group Finance functions
• Local Accounting and FC&R team

Requirements

• Min 12 years of accounting experience with at least 5 years of managerial experience.
• Master degree at Finance , accounting or related fields is a plus
• Retail experience is a big plus
• CPA certificate
• High level SAP knowledge
• Strong technical skills and knowhow at IFRS & ICS
• Cash flow, transfer pricing , Intercompany transaction knowledge
• Management reporting experience
• Proficiency in English
• Strong command on MS office tools especially excels
• Ability to work in cross matrix organizations
• Strong team management
• Analytical thinking
• Solution oriented