Senior Director Accounting & Controlling

Position

Senior Director Accounting & Controlling

LVMH Moët Hennessy Louis Vuitton Inc.

19 East 57th St New York, NY USA

 

COMPANY INTRODUCTION

LVMH Moet Hennessy Louis Vuitton (LVMH) is the ~$90B worldwide leader in luxury goods comprising over 75 global brands in six categories.  Wines and Spirits including Moet & Chandon, Dom Perignon, Veuve Clicquot, and Hennessy. Fashion and Leather Goods including Louis Vuitton, Christian Dior Couture, Celine, Loewe, Givenchy, Fendi, Marc Jacobs, Loro Piana, and Rimowa. Perfumes & Cosmetics including Parfums Christian Dior, Guerlain, Benefit Cosmetics, Fresh, Fenty Beauty and Fenty Skin by Rihanna and Maison Francis Kurkdjian. Watches & Jewelry including Tiffany, Bulgari, and Tag Heuer and Selective Retailing and other activities including Sephora, DFS, and Cheval Blanc hotels.

LVMH Inc., the North America subsidiary of LVMH, is headquartered in New York City and provides corporate services including Accounting, FP&A, Treasury, Risk Management, Tax, Purchasing, IT, HR, Corporate Affairs, Real Estate, Legal, and Media services, to the LVMH brands operating in the US and Canada. LVMH Inc. consists of 30+ legal entities including real estate & investment companies and employs ~100 professionals.

MAIN JOB OBJECTIVE

The Senior Director Accounting & Controlling is an integral member of the Finance function providing overall leadership and management of the accounting and controlling function for LVMH Inc.  The main responsibilities include managing the close, budget and forecast processes, supporting M&A activity, ensuring strong internal control procedures, implementing new accounting technology, and leading a team of 6 professionals. 

Job responsibilities

ESSENTIAL DUTIES AND JOB RESPONSIBILITIES

• Manage the monthly & quarterly close, budget & forecasts, and strategic plan for 56 legal entities (holdings, real estate, and investments)
• Provide accurate, detailed, and relevant reporting and analysis on Financial Income / Expense, Balance Sheet and Cash Flow
• Analyze, propose, and negotiate rent structure for affiliate office and retail locations owned by LVMH Inc.
• Analyze the equity rolls of all US entities to determine the potential dividend distributions and /or potential restructuring
• Act as main coordination point with Paris headquarters’ consolidation team to ensure proper accounting procedures
• Work closely with the LVMH Inc. SVP Tax and VP Treasury to manage North America M&A and restructuring projects
• Implement ad hoc accounting and reporting frameworks for specific strategic operations such as reorganizations, disposal of companies and acquisition of new businesses and properties
• Maintain strong relationships with external M&A and real estate advisors
• Partner with Risk Management and Ethics & Compliance to ensure strong internal control environment
• Provide strong leadership to a team of 6 professionals
• Continuously optimize processes and implement new technology to gain efficiency, control, and reliability
• Build strong relationships and provide accounting advice and support to the LVMH brand Finance teams within the region

Profile

PRINCIPAL SKILLS, KNOWLEDGE, AND PERSONAL ATTRIBUTES REQUIRED

• Bachelor’s Degree in Accounting or Business, CPA preferred
• Minimum 12 - 15 years accounting experience required
• Deep knowledge of IFRS accounting
• Experience with SAP 4 Hana preferred
• Proficient in Excel and PowerPoint
• Ability to work in matrix and diverse environment
• Excellent analytical and organizational skillsStrong leadership and team management skills
• Good communications and interpersonal skillsStrong team player
• High integrity, motivated and driven
• Ability to work in fast-paced environment with short deadlines
• Experience in retail, wholesale or luxury fashion a plus
• Knowledge of the French language a plus

Additional information

ORGANIZATIONAL STRUCTURE – REPORTING RELATIONSHIPS

Internal

Business: LVMH Inc. CFO, LVMH Paris headquarters Finance team, LVMH Brand CFOs, LVMH Inc. CEO

Reports to: LVMH Inc. CFO

External
Auditors, lawyers, accountants