FINANCE MANAGER - GLOBAL REAL ESTATE (CLICHY, FRANCE)

Help shape the future of beauty at L’Oréal! We’re searching for a dynamic and analytical Finance Manager to join our Global Real Estate team in Clichy, France. This is an exceptional opportunity to make a tangible impact on a global real estate portfolio spanning 71 countries and encompassing a diverse range of property types (offices, logistics, retail, research centers, factories).

About L’Oréal Real Estate:

With a significant global footprint of 4 million square meters, L’Oréal’s Real Estate Department plays a key role in supporting the company’s growth across 71 countries. Reporting directly to the Deputy General Manager of the Group, the Real Estate department is structured into five geographical areas mirroring L’Oréal’s business organization. The Real Estate Department oversees a wide array of transactions, including leasing, construction, acquisitions, and sales.

What You Will Do:

As Finance Manager, you will play a pivotal role in supporting the strategic direction of L’Oréal’s Real Estate department. Your responsibilities will encompass:

REAL ESTATE PROJECTS

• Portfolio Oversight & Project Pipeline Management:
  • Track and analyze the performance of L’Oréal’s global real estate portfolio.
  • Monitor and manage the pipeline of upcoming real estate projects, ensuring alignment with business needs and group strategic objectives.
  • Prepare concise and impactful quarterly overviews of major real estate projects for presentation to the Group CFO.

• Financial Advisory & Business Case Development:
  • Collaborate closely with country CFOs to provide expert financial guidance and contribute to the development of robust business cases for major real estate projects.
  • Conduct detailed financial modelling, meticulously evaluating and challenging key assumptions to ensure accuracy and viability.
  • Perform comprehensive P&L and cash flow analysis, DCF, and ROI calculations to assess project feasibility.
  • Analyze contractual terms and ensure alignment with financial models and business objectives.
  • Coordinate effectively with internal stakeholders, including accounting and tax departments, as well as external consultants, to gather necessary information and expertise.
  • Review and validate real estate asset valuations provided by external brokers, ensuring accuracy and compliance with industry standards.

• Due Diligence & Project Execution:
  • Partner with Real Estate Zone Directors to ensure the successful execution of major real estate projects.
  • Review project sizing to confirm alignment with Group recommendations and business needs.
  • Conduct comparative market analysis to assess the competitiveness of proposed transactions.
  • Perform third-party compliance analysis to mitigate potential risks.
  • Review and provide insightful feedback on legal documents, aligning markups for negotiations with internal and external legal experts.
  • Oversee and coordinate with all stakeholders involved in the project review process.
  • Participate to the Real Estate Validation Committee for major projects, providing critical analysis and contributing to informed decision-making.
  • Prepare clear, concise, and persuasive memos summarizing key findings and recommendations.

• Manage and oversee the Real Estate business unit’s P&L in France, encompassing both owned buildings and Real Estate department expenses.
• Monitor and analyze CAPEX spending for L’Oréal’s owned buildings in France.

• Produce in a timely manner the expected reporting associated to Real Estate BU perimeter
• Develop insightful analytical reports on Real Estate business unit trends and budgets, identifying key insights and providing recommendations for optimization.

• Conduct periodic reviews of AUC, accrued invoices, and other accruals, ensuring accuracy and compliance with accounting standards.
• Monitor and analyze key P&L indicators for the Real Estate business unit, including payment terms, depreciation rates, and investment levels, identifying areas for improvement and risk mitigation.

• Maintain the integrity and accuracy of L’Oréal’s global real estate database, ensuring data quality and reliability.
• Develop and monitor key performance indicators (KPIs) for the global Real Estate portfolio.
• Prepare regular reports on Real Estate KPIs for key stakeholders, including the Group Deputy CEO, Group CFO, and Zone General Managers/CFOs, providing valuable insights and supporting strategic decision-making.

• Take ownership of the Real Estate Playbook and key departmental templates, ensuring they are up-to-date and reflect best practices.
• Continuously seek to improve and streamline real estate tools and guidelines, enhancing efficiency and effectiveness across the organization.
• Actively contribute to cross-functional projects aimed at structuring and updating Real Estate guidelines and best practices for global implementation.
• Participate in ad hoc financial analysis, providing valuable insights and supporting decision-making across the Real Estate department.
• Collaborate closely with the broader Real Estate team to develop and maintain the Global Real Estate Roadmap outlining key initiatives and priorities of the Real Estate Department.