Finance Director

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.

MAIN PURPOSE

The Finance Director is to oversee all financial aspects of business and drive the company’s strategy and planning.

This individual will oversee all financial operations, including reporting & accounting, budgeting, forecasting, treasury, tax, compliance and risk management. The Finance Director will play a critical role in strategic planning, ensuring financial stability, driving profitability, and supporting the company's growth objectives.

This position reports directly to the country COO and functionally to the Regional CFO. The job holder should embody the highest principals of professional business ethics, assertive tone from the top, excellent stakeholder management skills and strong team leadership and management competencies.

It provides oversight of the company’s Reporting & Accounting, Financial Planning & Analysis, Finance Operations, Compliance and Internal Controls departments. This role holds principal accountabilities for the total compliance management of the operating entity, strategic planning, budgeting, management of all financial activities and optimization of the financial performance of the whole organization.

The Finance Director is a senior leadership role responsible for the overall financial health and strategic financial management of the organization.

KEY RESPONSIBILITIES

• Strategy and Leadership

•        Advise the COO in making sound financial decisions in accordance with Group & IAS-accepted practices.

•        Be an effective and reliable business partner to the Brands and other local Richemont departments.

•        As a member of the Executive Committee, participate in the development and implementation of Company goals, policies, priorities, and procedures.

•        Proactively provide financial advice, direction, and leadership, with the objective to improve the performance and contribute to the achievement of the brands’, Richemont departments, and the company’s targets.

•        Keep abreast of changes in financial regulations and legislation.

•        Assist in the formulation of local strategic and tactical business plans.

• Governance and Compliance

•        Ensure the operating entity’s operations are in full compliance to legal and regulatory requirements, and the Group’s policies and procedures.

•        Reporting to management and external relevant parties on statutory and managerial financials with utmost accuracy and in full compliance to applicable accounting standards.

•        Along with the country COO, represent the operating entity in official forums and with the local Board of Directors in all relevant occurrences.

•        Lead with full oversight over the total entity’s risk management framework with vigilance and prompt communication with Regional Finance on potential negative impacts.

• Finance management

Responsible for the management and development of the Finance team across the following departments:

•        Financial Control & Reporting (incl. Tax and Treasury)

§  Ensure accurate and timely financial reports are prepared (including balance sheets, income statements, and cash flow statements) in compliance with financial regulations and aligned with both IFRS and TMS.

§  Provide comprehensive financial analysis and insights to the management team and the Board of Directors.

§  Monitor financial performance, identify trends, and highlight areas of concern or opportunity.

•        Financial Planning & Analysis

§  Lead the annual budgeting process and monthly rolling forecast, working closely with department heads and Brand Directors to develop realistic budgets and achievable financial targets.

§  Monitor budget performance, providing regular updates, variance analysis.

§  Develop long-term financial forecasts and scenarios to support strategic planning and resource allocation.

§  Conduct financial valuation of investment business cases and provide management with guidance on Funds & Capex

•        Finance Operations

§  Responsible for the development of, training, and periodical control over the Brand’s retail operations manual that governs proper operations in the shops (retail procedures, stock management and control, anti-money laundering, loss prevention, fraud)

§  Periodical, surprise and annual audits and stock count of the shops operating within the local network. Control of consigned stock at wholesale locations and of internal staff as per the Group’s guidelines.

•        Internal Controls

§  Oversee and provide assurance on process and controls, remediation plans with business users across Brands and Functions in accordance with SOX requirements.

§  Responsible for risks mapping and the controls framework to consider new risks, new processes, new systems, or new business activities, with suggestion to management for early risk mitigation.

§  Key contact with external auditors/ internal auditors on review of in-scope business cycles or process reviews.

• Qualifications & Experience

• Degree in Finance or similar field from a reputable university

• Accredited certification in related fields is a plus (e.g., CPA, ACCA)

• Audit experience with one of the Big 4 is a plus

• 10+ years’ experience in Finance out of which 5 in a senior leadership position managing a relatively large and diverse team

• MNC experience is required, preferably in Retail or FMCG

• SAP experience is a strong plus

• Languages: English & Turkish (French is a plus, while Turkish is not a must but gives a big advantage)

• Retail market experience is a plus

• Demonstrated experience in strategic and commercial finance

• undefined

• Competencies

• • Mature, assertive, and self-motivated, demonstrating a positive and proactive attitude

  • A leader with a vision, able to inspire and influence the team towards excellence and value-added impact on the organization.

  • Results oriented, acts decisively and is an active team player

  • Strong customer focus (internal and external) with excellent interpersonal and communication skills, with the ability to present complex financial information clearly to non-financial stakeholders, and confident in dealing with different management levels

  • Unquestioned personal integrity with strong ethics and values consistent with company culture

  • Strong analytical capability with a logical approach to identifying and evaluating issues and problem solving

  • Strategic thinking and business acumen

  • Ability to stand firm on difficult issues when required

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