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Paid Finance Internship

Listing ID: 761499

Paid Finance Internship

Type of Position: Internship / Work Placement
Company / Organisation / Artist Name: LVMH Fashion Group U
Location: Central London, London, UK
Length of Internship / Placement: 6-12 months
Hours: Full Time
Compensation: Paid
Deadline: Ongoing
Ad Expires In: 1 month 4 days
About: LVMH Fashion Group UK - Celine, Givenchy, Loewe, Nicholas Kirkwood, Kenzo, Emilio Pucci

Under the supervision of Management Controller, to assist in maintaining Financial reporting, controlling & planning functions as well as internal control for our fashion brands. Assisting the Management Controller on Nicholas Kirkwood mainly and preparing management control for other FG brands as changes in perimeter can happen depending on business needs.

FINANCIAL REPORTING, CONTROLLING & PLANNING

Assist in preparation and publication of IFRS management accounts (P&L and Balance Sheet) on a monthly basis :

  • Review of the monthly package for each brand including balance sheet reports and follow-up with accountants to adjust any issue
  • Preparation of Stock and Purchases reconciliations and monthly accruals
  • In charge of Syrus input for month end (and budget)
  • Instruct accounting team on journals to prepare each closing 

 
Controlling / Analysing:

  • Explanation of variances between budget and actuals to Head Office on a monthly basis
  • Develop standardised reports including sales, discount analysis etc- Provide financial analyses as needed, in particular for Capital investments, Sales, Stock, Margin, Communication and Selling Expenses
  • Focus on gross margin evolution/profitability by store- Analysis of variances with stock controller and store manager
  • P&L reviews and ad hoc analysis with Brands Retail Managers

 
INTERNAL CONTROL

  • Assist Management Controllers to ensure internal control policies and procedures are in place
  • Maintain procedures / handover notes to ensure other management controllers can pick-up when holidays or sickness 

OTHER TASKS

  • Liaising with store managers regularly and assisting in any finance or operational issues or queries they may have
  • Participation in stock takes (twice a year), process stock take adjustments in Stock system
  • Analysis of variances with stock controller and store manager
  • Assist with process improvement projects
  • Ad hoc projects

Education and Experience :

  • 6 months experience in a similar role or in an audit firm. Familiarity with the Fashion industry & retail business is a plus
  • Software: Advanced Excel, good knowledge of Power Point, Experience with corporate ERP (SAP business one) and reporting systems (Syrus) is a real plus
  • Fluency in English. French and/or Spanish is a plus. 

Person Specification:

  • Must be able to effectively handle multiple projects simultaneously
  • High level of detail orientation as well as strong analytical and accounting skills
  • Good communication, autonomous, rigorous, pro-active, committed to quality
  • Precision, strong commitment and high energy
  • Ability to work collaboratively and under pressure
  • Ability to deal with different deadlines, ad-hoc requests and prioritize workload.

Application Form

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