Commercial Finance Intern

The Programme

Division: Cross-Bus., Finance, CoPilot. 
Job Title: Commercial Finance Intern.

About 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), promotional 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.

In this role you will be responsible for:

• Support Finance Manager in the co-pilot role for Malaysia market. 
• 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 includes preparing 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, promotional 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. 
   

LEARNING OUTCOMES

• Role of commercial finance/co-pilot. 
• 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).

Required Skills and Abilities

• 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.

About Us:

We’re Coty, a global leader in beauty.  
 
We’re World #1 in Fragrance, World #2 in Professional Hair Care and World #3 in Color Cosmetics.  
 
Our iconic portfolio of more than 77 brands is sold in over 150 countries around the world. We believe in beauty with a purpose and brands that inspire, no matter where they are in the world. 
 
Coty helps millions of people around the world express your beauty, your way through our rich portfolio covering fragrance, skin care, color cosmetics, retail hair color and styling, and body care.  
 
Our brands include global icons like Gucci, Burberry, Hugo Boss, Calvin Klein, Philosophy, Max Factor, Rimmel, Bourjois, Sally Hansen, Adidas, David Beckham, etc.  
 
With more than one billion products shipped each year, the possibilities for self-expression are endless.