Senior Finance Manager

MISSION

Reporting directly into the UK & Ireland Group Financial Controller, the Senior Finance Manager UK&I will ensure the accurate and efficient management and financial accounting, reporting and controls of the Shiseido Group UK&I operations. The Senior Finance Manager will work with the Group FC to develop appropriate financial and business controls in line with Shiseido EMEA and Japan HQ requirements. You will play a key role in month end close and will be expected to actively seek opportunities to standardize and streamline existing processes as well as taking a leading role in managing external and internal audits.

ORGANISATION

• Reports to UK & Ireland Group Financial Controller  
• Manage Financial Reporting Team of three
• Job Location: Hybrid working with offices based in London Covent Garden 
• Contract type: Permanent

MAIN RESPONSIBILITIES

• Lead the overall internal audit J-SOX process, external audits, compliance with relevant standards and rules within tax, VAT and transfer pricing.
• Ensure business compliance by maintaining regular contact with HMRC for both direct, indirect taxation alongside many other monthly submissions to the local authority
• Be the main point of contact with external auditors whereby strong technical knowledge on IFRS and UK GAAP will be required.
• Manage the end-to-end process of internal group reporting, tax roll forward schedule and external audit for UK and subsidiaries.
• Manage a whole Trial Balance and build-up of the statutory set of financial statement to be reviewed by Group FC

• Manage the Financial Reporting Team of three, ensuring that month end group timelines are met effectively, efficiently and accurately
• Define the month end close process and timetables and set targets for ongoing improvements and efficiencies.
• Responsible for balance sheet reconciliation reviews, monitor and oversee high risk balances.
• Monitor cash flows including regular reviews of all bank accounts.
• Oversee and improve all financial aspects and implement strong systems, processes, and controls to commercialise and professionalise the business.
• Streamline, automate and continuously improve controls and accounting processes.
• Work with Commercial Finance and Financial Reporting Team to ensure delivery of accurate accounting and reporting of brand financials including parameters for journals, balance sheet reconciliations and other control checks.
• Own the regular forecast process for balance sheet
• Provide clear direction, set expectations and manage priorities to ensure team members meet individual and group objectives
• Conduct regular one-to-one meetings to provide feedback, address challenges and track progress towards goals
• Coach and motivate the team to drive an integrated performance culture across the Finance team.
• Foster a collaborative and supportive team environment that encourages open communication and problem solving
• Share experience and best practice with EMEA Finance teams and lead regional initiatives.

PROFILE

• Qualified accountant (ACMA, ACCA, ACA)
• Experience of managing an audit process & liaising with auditors
• Good working knowledge of all UK tax regimes and experience of dealing with HMRC
• Recent exposure to IFRS and accounting standards 
• Extensive understanding of how financial control environments operate and how they can be improved.
• Proven experience of managing the financial and accounting implications of complex arrangements
• SAP S4 Experience preferable
• Ability to influence, and negotiate with, internal and external partners, across various cultures in order to achieve company goals.
• Strong leadership skills: proven ability to coach & develop a team
• Alignment with the group’s « Trust8 » working principles: Think Big, Take Risks, Hands on, Collaborate, Be Open, Act with Integrity, Be Accountable, Applaud Success

ABOUT SHISEIDO GROUP

Our mission : Beauty Innovations for a Better World

Founded in 1872 in Japan, Shiseido Group is within the Top 5 leading cosmetics companies in the world and aims to inspire a life of beauty and culture. Operating in 120 countries with 42,000 employees and 70 nationalities, Shiseido offers a unique selection of Skincare, Makeup and Fragrance brands with a projected turnover over £7.0bn in 2022. Celebrating 150 years of heritage in 2022, Shiseido constantly creates high-quality, safe and innovative cosmetics and develop brands deeply loved by people from all over the world, in line with our mission: Beauty Innovations for a Better World.  Did you know that Shiseido is the most awarded company in terms of innovation with a record 31 FSCC Awards?

ABOUT SHISEIDO

Founded in 1872 in Japan, Shiseido Group is within the Top 5 leading cosmetics companies in the world and aims to inspire a life of beauty and culture. Operating in 120 countries with 42,000 employees and 70 nationalities, Shiseido offers a unique selection of Skincare, Makeup and Fragrance brands with a projected £6.8bn turnover in 2021. Celebrating 150 years of heritage in 2022, Shiseido constantly creates high-quality, safe and innovative cosmetics and develop brands deeply loved by people from all over the world, in line with our mission: Beauty Innovations for a Better World.

Did you know that Shiseido is the most awarded company in terms of innovation with a record 26 FSCC Awards?

Shiseido UK & Ireland plays a central role in the EMEA region and is biggest affiliate, leading the Digital acceleration agenda thanks to a team of local experts, but is also constantly reinventing its Retail footprint in the world Nr4 biggest beauty market.

To deliver our strong Growth & Profitability ambitions, we will follow 4 strategic streams

1.            Leverage our unique portfolio of premium Beauty brands across all 3 categories

2.            Stay agile and capture new retail opportunities

3.            Customer-driven decisions

4.           Create a great place to work in Beauty

Our first strength is Make-up, led by NARS, UK’s Nr4 color brand with incredible success globally and that gained 4 rankings in the last 2 years thanks to its unique tone of voice and exceptional complexion and lip products. 

Skincare is a key priority for expansion, with 5 very diverse and complementary brands covering the full scope of consumers needs and profiles. From brand Shiseido that is recognized for its uncompromising quality and showing huge growth potential in UK&I, to already iconic Drunk Elephant (+75% growth this year, about to enter Top10 Skincare) with its most sought-after formulations and Skin Smoothies, or the spectacular Clé de Peau Beauté that embodies the ultimate of stem-cell technology to the service of radiance. This year, we just launched ULÉ a newly created Skin-Tech brand with breakthrough credentials around Sustainability and botanical performance, as well as expanding Gallinée, our most recent acquisition from 2022 specialized around skin microbiome with unique patents.

We are also growing fast in Fragrance, a category we want to accelerate with leading Designers brands such as Issey Miyake, Narciso Rodriguez, Tory Burch, Zadig&Voltaire and Serge Lutens.

Year to date, October 23, SHISEIDO Group is the fastest growing Beauty Group in the UK market, both in Stores and Online. Our clients include high-street retailers such as department stores, beauty chains as well as online pure 

players and specialty stores. We also have 4 boutiques and 3 direct e-commerce websites.  Our mix of sales is 55% online and 45% in brick & mortar.

ABOUT SHISEIDO BRAND                                   

Recently voted as No5 most trusted brand in Health & Beauty worldwide, Shiseido has defined the concept of beauty and spread its knowledge and power across the world. Heralding an army of devoted followers, we feel that by inspiring empathy, beauty can become a positive force in the world, and guide the next generation boldly into the future.

ABOUT CLE DE PEAU BEAUTE

Clé de Peau Beauté, the premier luxury skincare and makeup brand from Shiseido Cosmetics, was founded in 1982 as the ultimate expression of elegance and science. Forever guided by exquisite aesthetics and intelligence, Clé de Peau Beauté has instilled its products with modernity, enchantment, and dynamism to emerge as an industry leader in delivering radiance so remarkable, it emanates from within.

ABOUT DRUNK ELEPHANT

We are committed to using only ingredients that either directly benefit the health of the skin or support the integrity of our formulations. We never take into account whether something is synthetic or natural, instead choosing ingredients based on biocompatibility.

ABOUT NARS                                               

Created in 1994 in New York by visionary makeup artist François NARS, NARS Cosmetics is one of the leading and most respected brands in the world of makeup artistry.

ABOUT DESIGNER FRAGRANCES

Shiseido Group’s fragrance brands are a collection of luxurious and exciting fragrance brands, which are amongst the leaders in the UK market. From the edgy Zadig&Voltaire to the sensual and effortless delicacy of Narciso Rodriguez; and the intriguing mix of natural and sophistication in Issey Miyake. In selected distribution, we also have the unique collection from the extraordinary perfumer, Serge Lutens and more to come to the market.

ABOUT ULE

At Ulé we are on a mission to promote botanical, conscious beauty, being the first skincare brand to grow its ingredients in our own indoor high-tech vertical farm.

Our formulas are obtained through an avant-garde method of culture that guarantees the purity and power of the plants to give you more resilient skin. We have created a sustainable way of beauty for those who want to enjoy life to the fullest, in harmony with the environment.

ABOUT GALLINEE                                   

At Gallinée we believe in working with your microbiome to help it to look after you. Our products contain a patented complex of prebiotics, probiotics and postbiotics to nourish and support the good bacteria that make your own personal ecosystem. Helping them to look after even the most sensitive skin.