Audit and Compliance Manager - coty

Coty is one of the worlds largest beauty companies with an iconic portfolio of brands across fragrance color cosmetics skin care and body care. COTY is the global leader in fragrance and number three in color cosmetics. COTYs products are sold in over 150 countries around the world. COTY and its brands are committed to range of social causes as well as seeking to minimize its impact on the environment. For additional information about Coty Inc. please visit confidential .

ROLE AND DEPARTMENT
This role is responsible for endtoend internal & external audit functions for all Middle East entities and consolidations with additional ownership and responsibility for Treasury Master Data and tax. The role reports directly to the Regional Legal Entity Controller Middle East.

THE ROLE

In this role you will be responsible for:
Treasury Review netting payment. Prepared monthly shortterm cash flow forecast and consolidated cashflow file for corporate reporting and internal cash monitoring with the help of AP AR and payroll team inputs. Communicate frequently with banks to resolve paymentrelated queries or accessrelated issues. Monitored corporate credit card transactions and completed new corporate credit card applications. Assisting Signatories in getting new bank access and resolving related issues/queries. Monitor bank balances throughout the month to avoid fundrelated issues and initiate internal and loanrelated fund transfers. Completing halfyearly KYC forms for Banks. Preparing and Maintaining Bank signatory tracker file and Loan tracker file. All other bankrelated documents (i.e. Board resolutions for Bank approval matrix corporate card applications chequebook tracker Bank guarantee property insurance documents account closure documents etc.) Monthly meeting with corporate treasury to present forecast and to ensure the monthend balance is within the threshold agreed upon with the corporate treasury. Quarterly meetings with Banks relationship managers for feedback and updates. Semiannual review for all Bank user accesses Any treasuryrelated Ad hoc requests.
External Audit Update SAP extracted Trial balance to share with auditors. Extracting general ledger downloads from the ERP for audit purposes reconciling the GLs in case of discrepancies. Prepare Sales and cost of Sales Reconciliations. Detailed Related Party transaction schedules for Joint Venture and Coty Entities. Understand any updates in accounting standards and their impact on financial reporting. Preparation of financial statements individual and consolidated workbooks Draft additional notes in line with Standards. Tracking all auditrelated tasks and followups with auditors payroll customer service logistics shared service and the local finance team to ensure timely data submission and audit completion. Review multiple reports and documentation before sharing them with auditors for accuracy. Pulling out documentation from the ERP and emails for samples selected to speed up the audit process. Frequent followup meetings with auditors to resolve pending queries. Increase technical skills and get an understanding of processes to explain them to auditors. Maintaining ERP to financial statements reconciliations (i.e. Profit recons) Maintain audit fees and timeline tracker. Any ad hoc auditrelated matters. Review final management representation letters and FS.
PCAOB SOX Controls and Internal Audits Update the SOX Control tracker file to ensure the control description and control owners are updated. Communicating updated controls with Control owners and Auditors. Completing midyear selfassessment file for SOX controls. Perform monthly price customer credit and debitrelated controls (sampling and validating approvals for selected samples). In noncompliance help control owners understand the control (prepare process document) and the importance of compliance. Track and provide supporting approvals and documentation to the auditors. Understand and Prepare process documents on various controls. Providing explanations and supporting documents for Journal entry testingrelated samples. Attend regular calls between auditors and control owners during PCAOB and Internal Audit. Regular updates as required to the local Delegation of Authorities.
Legal related tasks Maintain file and understand legal documents for all three entities for future reference (i.e. ownership structure change in ownership change in Board and secretory MOA AOA Share register Trade licenses Joint Venture Agreement Dividend resolutions Minutes of meetings etc.) Work closely with local legal advisors to ensure the change in Board related documents are updated with Jafza. Submission of both the notification and yearend ESR report. Ensure UBO on the JAFZA portal is updated as required. Any ad hoc compliance and legal matters with the help of local & corporate legal advisors.
Risk Management Reviewing mitigating risk and approving SAP user access requests. Semiannual review of all existing SAP users to ensure Segregation of duties
Tax (VAT and CIT) To assist with any adhoc VAT queries from Tax Agents To overlook the monthend VAT submissions and ongoing health check One point of contact with the Tax Agent for all taxrelated queries Coordinating with Tax Agent for Implementation of New compliance Requirement and Contract Renewal Coordinating and implementation of CIT in UAE Regular catchup calls with Treasury HQ which include a review of the local tax budget and the progression of ongoing projects. Overseeing the transfer pricing project. Calculation of the quarterend provision for accounting purposes. Submission of the yearend provision in OneSource.
Training Providing periodic training to team and business on topics of expertise Ensuring team members are regularly trained on activities that enable them to deliver daytoday functions better.
Team Management Conduct periodic onetoone discussions with team members to discuss their concerns and to provide guidance. To provide regular feedback to team members for their growth and betterment
Projects Participate and support ad hoc projects from time to time given by management.

WHAT YOULL BRING
Wed love to see candidates who have: Education : Bachelors degree or above; any professional degree will be a plus point. Work Experience: Minimum of 3 years of Audit Compliance & Tax experience in a multinational company or the Big 4. System Proficiency: Mandatory familiarity with SAP is required. Additionally a positive consideration will be given to those with knowledge of Power BI and Hyperion reporting. Skills: Motivated ambitious and quick to grasp new concepts. Exceptionally detailoriented and wellorganized. Eager to learn independently thriving in a dynamic environment with a strong sense of ownership. Capable of maintaining a positive attitude and excelling under pressure overcoming challenges with resilience. Passionate and enthusiastic team player. Has intermediate to advanced proficiency in Excel (including pivot tables advanced formulas charts etc.) and PowerPoint. Exhibits crosscultural awareness and high emotional intelligence. Demonstrates persuasiveness resilience and adaptability to navigate through diverse challenges. Possesses excellent presentation skills and communicates with confidence. Applies strong analytical capabilities crossfunctional understanding and effective planning skills. Has proven problemsolving abilities and adept at multitasking.

WHAT WE OFFER
This is unique role with a genuine opportunity to make an impact. Youll get to work in a diverse and environment with a team who are passionate about the work they do and know how to have some fun along the way.This job has been sourced from an external job board.
More jobs on