Finance Manager

Major Responsibilities:

Accounting


* Supervise the regular booking of all accounting entries in SAP.


* Supervise the necessary accounts reconciliation.


* Reporting monthly closing and other analysis to Senior Finance Manager.


* Ensure that all processes are in place such as credit controls, tax returns, review & payment of vendors' invoices according to local accounting rules in a timely manner.


* Process end of the month closing and year-end closing and prepare financial statements.


* Oversee the financial operations of HK subsidiary, their control systems, policies and procedures.


* Coordinate with external auditors and external consultants to ensure that all audits, payroll, tax, logistics, etc.

are carried out accurately in a timely manner according to Hermès standards and legal requirements.


* Manage the mid-year and year-end stock take process in both Boutique and external warehouse.


* Manage obsolete inventory process.


* Responsible for renewing all licenses if necessary (eg.

import and export declaration license, HK Resident Certificate, DPMS license etc)

Budgeting


* Manage the preparation of the annual budget and 3-year plan.


* Reforecasting to build accurate quarterly estimates and anticipate variances against budget.


* Monitoring profitability with detailed analyses of sales, margin, purchases, stock level, associated depreciation, and all expenses.


* Supervises the proper control of CAPEX, overhead and communication expenses.


* Prepares Business Plan for investment projects.

Completes project cost follow-up, analysis and reforecast.


* Ensures that all differences between budget and actual numbers are identified and corrected.


* Identify areas of risk, alert Management and suggest corrective actions.


* Be responsible for all the reporting package in MAGNITUDE and other reporting tools.


* Contributes to the preparation of the Open to Buy.

Cash Management/Treasury


* Reviews monthly sales are properly reconciled with retail cash, credit card and customer credit.


* Reviews bank reconciliation and COGNOS report.


* Checking all payment details before banking system approval.


* Cross check on payroll computation.


* Prepare monthly cash flow forecast including end of year and next year projection.


* Supervises on dividend cycle and intercompany loan agreement.

Internal Control


* Ensures the Hermès Group procedures are respected.


* To be local correspondent for internal control, ensure rule and guideline are well communicated with the team.

Giving advice and warning if necessary.


* Alert about any gap between local process and Group procedures.


* Coordinates with Regional IC team for internal control issue.


* Follow up with regional IC team in regards of store review and DAR team review.


* Exercises sufficient controls in daily routine (stocks, cash, fixed assets & overhead spending)...