KERING FP&A Analyst

Kering Finance Shared Service - Korea

Context of the Position
• With a very strong sponsorship of group senior management, Kering Finance Shared Services (KFSSC) has initiated a global transformation to re-invent and streamline shared service processes. This project leverages significant investment in technology (Implementation of SAP FMS & S4 Finance, Blackline, Concur, Esker, Avalara, IBM Tririga…) and will span over 3 years. A global change community has been set-up across Kering SSC and change management is supported by external consultants.
• Accounting Finance is one of the back-office functions in Kering Korea Finance Shared Service Center (KFSSC) established in 2013. As a member of this team, you
will be responsible for administration related the dynamic activities of KFSSC.
KFSSC provides group brands, Gucci, Bottega Veneta, Saint Laurent, Balenciaga, Alexander McQueen, Brioni, Kering Watches & Jewelry (Boucheron, Pomellato and Qeelin) with various service level of Finance & Accounting side.

Macro Objectives
• Set stand alone strong FP&A team supporting Kering Group functions and Kering emerging brands in Korea (Kering Watches & Jewelry: Boucheron, Pomellato and Qeelin, Brioni, Alexander McQueen, Balenciaga).
• Ensure the quality and timeliness of consolidation and corporate reporting to group in HFM (Hyperion) including periodic closing coordinating with other teams.
• Streamline the budget and forecast process together with regional & global teams and improve reports & dashboards using business intelligence solutions (e.g. Power BI, SAC)
• Involve Business Intelligence transformation & SAP implementation projects, design and adopt new KPIs, metrics and dashboards to enable more descriptive modelling of performance drivers based on new SAP platform.

Sub-Objectives
• Every month provide timely and reliable financial analysis to the responsible brands and Kering group to help management monitor and optimize the brands’ financial performance results in sales, margin, EBIT and cash flow
Kering Finance Shared Services
• Ensure the quality and timelines of consolidation and corporate reporting to group in HFM (Hyperion)
• Deliver a sound budgeting/forecast (twice a year) and prepare EVA (Capex / Investment Approval) for new stores & business development on occasion
• Facilitate the overall financial activities of the brands, leveraging internal teams (e.g. Finance Shared Services centre, Tax, Internal Audit...) including overview of internal/external audits.
• Ensure brands are fully compliant with KGAAP, IFRS and tax regulations in a preventive way.
• Work beyond Finance as appropriate to develop and maintain sound business flows in collaboration with internal stakeholders, identify business risks and develop mitigation plans to ensure a smooth and compliant operation adhere to statutory requirements and company policies.
• Profit analysis, lead business performance review meeting
• Support actual monthly, year-end closing report and Financial Analysis of variances from relevant budget and forecast
• Prepare next year budget and forecast for current year (Expense and recharge data projection and Report relevant budget and forecast data)

Teamwork Objective
• Provide financial insight and recommendations to FP&A team within Kering and brand management.
• Design and monitor action plans for sales, margin profit and/or cash flow improvement.
• Ensure proper and quality communication and engagement with the brands’ regional and global headquarters in improving the financial performance of Korea market and drive the business growth year on year.
• Ensure to communicate complex financial topics clearly to partner with non-financial leaders

Must have
• Min 7 years’ experience progressive Finance experience including FP&A function
• Experience in Budgeting & Forecast, Business Analytics and Variance Analytics
• SAP knowledge and SAP implementation experience is plus
• Experience leading and developing new financial processes, models and tools
• Proficient in MS Office applications, especially in Excel
• Nice to have Power BI, SAC experience
• Excellent communication and interpersonal skills. Able to effectively communicate with people at all levels
• Korean native speaker with fluent written and verbal English skills

Internal Screening Criteria
• Professional understanding on accounting and retail biz (nice to have)
• Strong analytical and logical skills
• High level of process orientation and attention to details
• Multi-Tasking, Patience under hard-working environment
• Hands-on mentality
• Proactive attitude, Good mannered.