Sr. Manager, FP&A Watch Maisons

Richemont one of the world leaders in the luxury sector has various Houses specializing in jewelry watches and high-end accessories.Each Maison proudly embodies a tradition of style quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them.At the same time we are committed to innovating and designing new products in line with the values of our Houses through a process of permanent creativity.

At Richemont Americas we aspire to reflect the ever-changing world around us. We are proud to employ talent from many different backgrounds experiences and identities to build a continually evolving inclusive community where the diversity of our colleagues and clients is rich and celebrated. We believe when inclusion is fully embraced and empowered creativity and knowledge emerge to deliver excellence advancing the community that is uniquely Richemont Americas.

Sr. Manager FP&A Watch Maisons

Richemont New York

Reports to: AVP FP&A Watch Maisons

Role Overview

As Sr. Manager FP&A you will develop collaborative relationships within 2-3 of the 8 watch brand teams locally regionally and centrally to master the specifics and gain in-depth knowledge of each brand to facilitate strategic partnerships and the ability to drive the various financial processes support brand management with special projects for strategic decision making and monitor brand KPIs. You will lead all finance activities (actuals budget forecasts variances) of these watch brands including but not limited to analysis to explain underlying business dynamics pro-active insights into costs review/control to support business development as well as reporting and commenting on results. As a member of the FP&A Watch Brands team you will also maintain various cross brand initiatives such as a strong internal controls environment and compliance with regional brand and Group directives/regulations.

This role requires strong interpersonal skills with significant interaction amongst key stakeholders throughout the organization within the brands locally as well as centrally plus within Richemont Americas regional functions across US Canada LATAM Mexico and Brazil. Based in NY to capitalize on proximity to local brand team enabling strong business partnership and agility this role reports into the AVP FP&A Watch Maisons.

Responsibilities

Budgeting Forecasting and Financial Results

• Lead the annual budget and latest estimate processes to ensure timely and accurate submissions including detailed workpapers and commentary. Ensure figures accurately reflect brands regional strategy through in-depth and detailed collaboration with brand management both locally and centrally.
• Work closely with local brand presidents to realize each brands strategic vision for the region. Support the brands during annual strategic plan presentations.
• Control personnel costs planning together with brand management and HR team for accurate budgeting/forecasting of personnel costs as well as headcount. Continually monitor personnel costs evolution to optimize brands organizational strategy.
• Review sales analysis to monitor evolution and trends as well as understand key drivers.
• Drive the monthly close process by collaborating with business partners managing deadlines ensuring accurate financial results monitoring phasing and analyzing trends.
• Balance sheet/cash flow analysis (customer deposits current liabilities accounts receivable stock provisions sales return provisions lease reporting) as basis for sound budgeting/forecasting including monthly phasing.
• Provide timely variance analysis to business partners highlighting potential risks and opportunities.
• Deliver month-end reporting to brand management including insightful commentary. Continue to evolve relevant reporting and dashboards to meet brands needs.

Capital Expenditure (Capex) and Strategic Projects Management

• Prepare capital investment requisitions (CARs) including detailed P&Ls supporting commentary and relevant comparatives to brand KPIs. Provide guidance on appropriate policies and templates as well as insight on P&L specifics based on brand and/or regional metrics. Liaise will all key stakeholders (local and central brand teams commercial finance construction; real estate accounting).
• Track capex spending by project vs budget and approved capital investment requests; collaborate with brand teams for transparency and reconciliation. Identify and communicate potential issues.
• Support business development activities and control costs to optimize brands regional profit and cash flow.
• In collaboration with local and HQ marketing teams review A&P costs for accurate reporting budgeting and forecasting as well as support the brands optimization of A&P funds to fulfill marketing initiatives for the region.

Operational Support and Internal Controls

• Work together with Mexico/Brazil finance teams and consolidate operating results across the Americas region to provide regional overview for local brand management and ensure consistency and accuracy of regional best practices brand objectives Richemont policies internal controls and compliance.
• Key strategic partner for brands as well as Richemont regional functions regarding invoice coding approval matrix non-stock purchase orders and other operational concerns.
• Essential advocate of internal controls including communication to brands monthly reviews and follow up to ensure compliance as well as meaningful feedback on control documentation.
• Complete ad-hoc reporting and analysis to support broader finance team as needed.

Qualifications

• Education / Experience
  • Bachelors Degree in Accounting Finance Business or other relevant field.
  • 8-10 years of FP&A experience preferably in a large multinational corporate environment.
  • Luxury and/or retail company experience a plus.
• Technical / Personal Skills
  • Solid background in accounting and finance principles.
  • Technology proficiency with knowledge of and ability to leverage technology and digital tools to support and drive continuous improvement and optimize financial processes for efficiency.
  • Extensive knowledge of Excel Analysis and PowerPoint. Power BI Looker and/or SAP Analytics Cloud helpful.
  • Experience with SAP and/or Anaplan a plus.
  • Exceptional analytical skills and ability to interpret qualitative as well as quantitative information.
  • Excellent verbal written and interpersonal communication skills.
  • Capability to work with all levels and functions within a matrixed organization adapting communications and deliverables to diverse audiences.
  • Entrepreneurial spirit results oriented ability to deal with ambiguity and manage multiple priorities in a high volume fast-paced environment.
  • Curious nature with aptitude to be proactive and problem-solve flexible to adapt to changing circumstances.
  • Detail oriented with keen time management skills; able to dive deep into specifics while keeping an eye on the bigger picture.
  • Ability to work both independently and as a team player; hands on approach and comfortable taking on big and small tasks alike.

Richemont offers a generous compensation and benefits package for eligible employees. Only candidates selected for further consideration will be contacted.

We Offer

Employee wellbeing is a top priority at Richemont. We offer a comprehensive benefits program to support employees and their loved ones. Our core benefits include medical dental and vision programs. Health savings and flexible spending accounts are also available. The company offers income protection solutions including life insurance disability benefits and 401(k) with employer match. Understanding the importance of work-life balance our total rewards include paid time off a wellness reimbursement benefit and access to the employee assistance program. Employees are encouraged to make a difference in their local communities with volunteer days off supporting initiatives that drive change.

At Richemont We Craft the Future!

Expected Salary Range: $00

Salary will be determined based on relevant skills and experience.

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