Commercial Finance Intern
Coty
- Singapore
- Training
- Full-time
Job Title: Commercial Finance InternAbout the Role…
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
- 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
- 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
- Undergraduates who can commit for at least 6 months (Jul to Dec 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.
- 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).