Chief Finance Officer, Chanel Scandinavia
As part of the Scandinavian affiliate, you will be responsible for the development and the running of the Finance Department. The CFO supervises 3 accountants, 1 Finance Controller and 1 intern. The position requires a high degree of autonomy and responsibility.
You will report hierarchically to the Managing Director, be a member of the Steering Committee, and have a dotted line to the European CFO. The position is based in Copenhagen and requires some traveling, about 15%.
Financial Management
Budgets and Management Reporting
• Preparation of management reports and actual against business plan & budget as required.
• Prepare cash flow management processes.
• Manage processes to record & reconcile expenses against income and provide regular management reporting.
• Ensure a timely completion of audits, tax audits and obtain Audit Reports
Accounting
• Oversee all day-to-day accounting transactions
• Ensure preparation and quality of financial statements and financial reporting in terms of local GAAP, IFRS and requirements of Management
• Ensure consistency of accounting practices with IFRS group policies and communication of accounting policies to controlling teams
Asset Protection
• Review procedures and methods of control concerning: Inventory, Procure-to-Pay System, Payments
• Identify weaknesses in Internal Control, implement appropriate changes
• Ensure Credit Control
• Is responsible for Insurance and Safety policies and processes
Cash Management
• Is responsible for Cash Management in collaboration with the European Treasury Department:
• Day-to-day cash management and pooling (zero balance objective)
• Cash Forecasting (update and accuracy improvements)
• Multilateral Netting
• Operational and Treasury payments (segregation of duties, controls)
• Cash Collection from boutiques and global payment procedures for boutiques
• Bank relationship and local bank selection (rating, fees benchmark, quality of service)
• FX management within approved guidelines – dealing controls
• Dividend payment within dividend policy
• Capital Structure & Financing, including tax considerations
• Treasury accounting • Ensuring controls on electronic treasury system (passwords, tokens)
Tax
• Deal with, and advise on tax issues
• Ensure compliance with local authorities;
• In collaboration with the Global Tax Department, organize all tax documentation
Third party accounting/tax firm
• Liaise and manage the relationship with any third party accounting/auditing/tax firm
• Ensure third party firms are producing the expected deliverables (income tax and VAT declarations…)
Support for Management & Operational Functions
Business Partner
• Know and understand each Business Model (Fashion, F&B, W&FJ).
• Provide value-added insight • Collaborate with other functional areas, such as sales, marketing, and supply chain;
• Play an active role as member of the affiliate's management board;
• Run a finance department that support business strategies; adapted to changing market conditions, new business opportunities, or cost reduction strategies.
Qualification
A Bachelor’s degree in Commerce or Business Administration or equivalent
• Certified Public Accountant (CPA), ACCA, CIMA or equivalent.
• A minimum of 8 years, with 5 years post‐qualification, of senior financial management experience
Ability & Skills
• Well presented, good communication and negotiation skills.
• Proven ability to produce results within tight deadlines in a very busy environment
• Ability to work independently with minimal supervision
• Ability to interact effectively with a geographically dispersed multicultural team composed of international and national personnel
• Analytical skills and decision making ability even in complex and sensitive situations
• Capacity building of finance, non‐finance staff, partners and community members
• Hand‐on use of Microsoft Dynamics AX and reporting software packages
• A high level of knowledge and competency in Microsoft Office especially Word & Excel
Languages
• Danish, Swedish, Norwegian and English
• French would be a plus
CONTACT INFORMATION
Please send your application and resume in English to “recruitment.nordic@chanel-corp.com” and mark your application with “DK-IT-CFO”. We will be evaluating applications ongoing, and the position is expected to be filled as soon as possible.
Become part of the world’s most historic luxury brand
“If you’re born without wings, don’t do anything to stop them from growing.” Gabrielle Chanel Inspired by our founder, Gabrielle Chanel, who constantly pushed boundaries in her personal and professional life, there is no one way forward at CHANEL. CHANEL offers a unique work environment where you are encouraged to better understand the brand, the business, and your motivation. At CHANEL, the foundation of the success starts with the employees who defend the values of excellence, creativity, style, and modernity that ensured the originality of Coco Chanel in her time and continue to do so today. Within CHANEL, a true "culture of quality" exists where everyone feels involved and shares the values of the Brand that they all are proud to represent. CHANEL is a leading luxury goods brand supporting three key businesses: Fashion; Watches and Fine Jewelry; Fragrance and Beauty. Read more on www.chanel.com.