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AR/AP Business Partner

AR/AP Business Partner
AMSTERDAM - NETHERLANDS
Summary
REQ ID
85665
POSTED
FUNCTION
Finance
LOCATION
Amsterdam - Netherlands

 

AR/AP Business Partner Coty HQ

 

 ABOUT COTY                                                                                                                                                                       

We’re Coty, one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin 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 seeking to minimize its impact on the environment.

 

THE ROLE                                                                                                                                                                            

 

AR key responsibilities

  • Build the relationship bridge between the Business and AR Shared Services to implement ‘One Team Approach’ mindset with both teams
  • Be the contact point for AR Shared Services for any escalations and advice needed on AR open queries as per the escalation matrix for Shared Services established
  • Be the contact point for the local Business (LEC, CFO, Finance co-Pilots, Sales etc.) for any escalations related to Shared Services AR performance
  • Provide regular business update to BPO such as stakeholder structure, changes on locals organization/regulations, business extensions etc.
  • Be the local coordinator for O2C projects and support BPO and GPO teams in validation of Action Plans and implementations.
  • Review Aged Debt, DSO, Credit Management and relevant reports with Shared Services on a regular basis and provide advice, support on difficult overdues, blocked and disputed items
  • Review key AR activities as per the Delegation of authority Design and thresholds established by corporate team (credit notes, write offs, refunds, bad debt, regular and exceptional credit limits etc.).
  • Review AR cashflow forecast (STLF) prepared by Shared Services and provide adjustments and final sign off as per MEC calendar
  • Cooperate with local Debt Collections Agency (if applicable) for relationship and difficult overdues, supporting Shared Services
  • Cooperate with local credit provider (if applicable) and resolve difficult cases raised by Shared Services
  • Support difficult disputes resolution as per the agreement with Shared Services (incl. legal cases ownership and coordination)
  • Update the AR delegation of authority names as per thresholds established by GPO
  • Join the operational calls with Shared Services to review the AR performance and reporting packs incl DSO, SLA, KPI, CPI as well as any operational issues.
  • MEC accounting & reporting activities review
  • Review AR SOX controls outcomes and monitor and issues, work with respective teams for prompt resolutions
  • Ensuring compliance to internal and external regulations, procedures and group accounting standards.
  • Facilitate internal/external audit requirements
  • Work closely with Coty Global Finance Shared Services Delivery Lead with regards to local operational re-occurring challenges for AR Shared Services performance
  • Cooperate with Coty AR Global Process Owner on process improvements, tools development and adjustments required

 

AP Key responsibilities

  • Build the relationship bridge between the Business and AP Shared Services to implement ‘One Team Approach’ mindset with both teams
  • Be the contact point for Shared Services and P2P Helpdesk for any escalations and advice needed on AP open queries as per the escalation matrix for Shared Services established
  • Be the contact point for the local Business stakeholders for any escalations related to Shared Services AP performance
  • Provide regular business update to BPO such as stakeholder structure, changes on locals organization/regulations, business extensions etc.
  • Be the local coordinator for P2P projects and support BPO and GPO teams in validation of Action Plans and implementations.
  • Review AP Ageing, Invoice exception and relevant reports with Shared Services on a regular basis and provide advice, guidance and support
  • GRIR Variance clearing (Working on PO variance, identify possible solutions and following up with PO owners.
  • Manage Urgent Payment Request decision making step according to Coty process design and maintain the new Urgent Payment Request approval matrix (decision making / local approvers)
  • Review AP cashflow forecast STLF prepared by Shared Services and provide adjustments and final sign off as per MEC calendar
  • Update the AP delegation of authority names as per thresholds established by GPO
  • Join the operational calls with Shared Services to review the AP performance and reporting packs incl DPO, SLA, KPI, CPI as well as any operational issues.
  • MEC accounting & reporting activities review
  • Review AP SOX controls outcomes and monitor and issues, work with respective teams for prompt resolutions
  • Ensuring compliance to internal and external regulations, procedures and group accounting standards.
  • Facilitate internal/external audit requirements
  • Work closely with Coty Global Finance Shared Services Delivery Lead with regards to local operational re-occurring challenges for AP Shared Services performance
  • Cooperate with Coty AP Global Process Owner on process improvements, tools development and adjustments required

 

WHAT YOU’LL BRING                                                                                                                                                           

Key requirements

  • OTC experience / AR expertise with minimum 5 year experience.
  • P2P experience / AP expertise with minimum 5 years experience.
  • Experience in setting or working with a BPO/SSC structure, overall coordination and monitoring of KPIs/SLAs.
  • Negotiation / Soft skills / Stakeholder management
  • Reporting skills
  • Accounting activities knowledge & SOX requirements
  • Fluent in English

 

WHAT WE OFFER                                                                                                                                                                         

  • Competitive salary based on your qualities and experience;
  • Attractive benefits packages;
  • A healthy, fresh and sustainable lunch for a discounted price;
  • A brand new building in the business area of Amsterdam-Zuid. The office is designed to maximize your performance, based on the new ways of working.

 

 

 CONCLUDING                                                                                                                                                         

Our people make us who we are. They are the brightest minds bringing the boldest ideas to life every day. If you’re the kind of person who refuses to settle, if you want to think bigger, learn faster and go further than you ever thought possible – we’d love to hear from you.