Job Description

Coty is one of the world\'s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, skincare, and body care. COTY is the global leader in fragrance and number three in color cosmetics. COTY\'s products are sold in over 150 countries around the world. COTY and its brands are committed to a range of social causes as well as seek to minimize its impact on the environment. For additional information about Coty Inc., please visit www.coty.com.

ROLE AND DEPARTMENT

Division: Cross-Bus., Finance, CoPilot
Job Title: Commercial Finance Intern

Through this role, you\'ll be able to gain an understanding of:

• Commercial finance role: provide support to commercial team (sales & marketing) & working with cross-functional teams (custodian finance, supply chain, customer service, APAC finance team etc) to drive business growth & business operation
• Financial planning process (3 year plan, annual budget, monthly forecasting etc)
• Financial analysis, understand drivers of variances vs budget/forecast & last year, identify gaps & make recommendations
• Preparation of management reports for markets & total SEA region
• Financial control & SOX compliance
• Evaluating deals (pricing), promotion activities, capital expenditure investment, ROI etc
• Monitoring & tracking of expenses
• Managing collection & overdue
• Use of Accounting & Business intelligent systems such as SAP, SAP BI, HFM, Power BI dashboard, Hyperion Smartview, Ariba & Kinaxis
• Set-up RSP/invoice prices/trade margin in SAP via Nintex

THE ROLE

Support Finance Manager in the co-pilot role for Singapore & Malaysia markets

• Financial planning (Budgeting & Monthly Forecast)
• Prepare monthly key performances / management reports including identify variances & provide commentary on the key drivers
• Prepare weekly sales tracker and shipment status
• Month-end closing process including preparing of journals and reviewing of P&L
• Prepare monthly / quarterly management reports for commercial team, SEA & APAC teams
• Monthly / Quarterly financial control & SOX compliance - monthly Balance sheet & accruals review, provide evidence / supporting documents etc
• Evaluating deals, promotion activities, capital expenditure investment, ROI etc
• Monitoring & tracking of A&CP spend, etc.
• Monitoring & tracking collection from customers & overdue (DSO)
• Assess reasonableness of profit margins for new product developments
• Set-up RSP / invoice prices in SAP via Nintex / Pricing controls
• Maintaining price updates in Kinaxis / STREAM
• Identify process improvement opportunities
• Assist in internal audit requests
• Assist in new projects

Consolidation & report preparation SEA region

• Monthly & Quarterly management reports
• Ad-hoc requests from Global & APAC team
• Follow up with markets / business units on report submission, due dates etc
• Develop user friendly templates for data collection

We\'d love to see candidates who have:

• Undergraduates who can commit for at least 6 months (Jan to Jun 2024) for a full-time internship.
• Skilled in the use of MS Office tools including Outlook (or related email tool) Excel, Word and PowerPoint.
• Self-motivated and self-starter, with a strong work ethic and a sense of confidentiality.
• Possesses cross-cultural awareness and high emotional intelligence.
• Articulate, with the ability to work in a fast-paced environment.
• Good balance of a professional attitude while having fun.
• Strong interest in consumer goods, makeup and beauty products.
• Strong desire to learn along with a strong sense of ownership.
• Persuasive, resilient and flexible, able to easily adapt to new challenges.
• Passionate, enthusiastic and driven to regularly follow-up with loose ends.
• Able to thrive despite challenges while adopting a positive attitude under pressure.

LEARNING OUTCOMES

• Role of commercial finance/co-pilot
• Accounting policies & transactions/accounting entries
• Processes: management reporting, financial planning process, financial analysis & financial control & SOX compliance
• Systems: SAP, SAP BI, HFM, Hyperion Smartview, Kinaxis etc.
• Working in a Cross-functional organization / inter-department (markets/business units).

Country/Region: SG

City: Singapore

Coty