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FINANCE/COST CONTROL

Renault's Finance Department covers all the company's needs in terms of financing, taxation and customs, cost control, audit, and investor relations.

A glance at Renault's various jobs in the areas of finance, management, taxation and auditing. 

Auditing jobs 

Auditors possess a good all-around profile. Their missions in the industrial, commercial and financial domains provide them with an overview of the company as a whole. After 3 to 4 years on the job, auditors "irrigate" the entire company, so to speak. 

Jobs in taxation and customs 

  • Taxation: tax experts find themselves deeply involved in the application of Renault strategy, taking a hand in projects from their upstream stages. They deal with several divisions: automotive, international, real estate, and RCI Banque. They manage the parent company's taxation on a direct basis. 
  • Customs: customs experts organize and supervise customs clearance operations at the operating parent company; they give advice and lend assistance to all group entities regarding their customs problems; they keep up with international customs agreements and regulations. They play a part in international-scale industrial and commercial projects. 

Jobs in finance 

  • Financial relations: the financial relations department handles internal and external financial communications and takes care of investor relations. It is also in charge of communicating with individual shareholders, preparing general stockholders' meetings and annual reports. 
  • Financial transactions (mergers, acquisitions, disposals): duties involve all the financial aspects of any transactions that alter the company's balance sheet, such as asset disposals, development of activities abroad, asset optimization (network restructuring), or the sale of real estate assets. 
  • Insurance: the insurance department has three main functions. It analyzes group risks, implements the means needed to quantify these risks, and proposes to general management a policy either to keep or transfer risks. 
    It provides advice to the entire group in such domains as transport, material and financial losses, third party liability, personal insurance and pension funds. 
  • International financing and risks: The International Financing and Risks Department manages the exposure of Renault's customer account to countries that are not consolidated in group accounts. The aim is to reduce the cost of financing subsidiaries in emerging countries and remove importers' receivables from accounts, in order to reduce the group's indebtedness. 
  • Cash management, bank financing and capital markets: the cash and financing department ensures day-to-day financing and the cash management of automotive subsidiaries throughout the world. To do this, it refinances the group through bank loans and issues on the international capital markets (e.g. short-term commercial paper, bond and equity issues). These moves often involve cross-functional intra-group transactions, as well as outside contacts with banks, investors and rating agencies, not to mention regular meetings with Nissan. 

Management jobs 

  • Management control: The management control network irrigates the entire company and steers economic performance. Management controllers are present in all function departments, plants, regions and countries, monitoring the economic performance of their respective entities.
  • Cost analysis (cost price): This technological and economic function makes detailed analyses of vehicle cost prices, helping to set objectives on profitability and providing the company with the information vital to the economic management of vehicle projects.
  • Accounts: This function includes all the people responsible for consolidation: purchasing/supplier accountants and teams that manage accounting methods and distribution accounting.
  • Project and investment profitability control: this function's main mission is to ensure the profitability of vehicle projects at each stage of development and advise on all the Group’s investments.
  • Budget summary and financial reporting: this function measures the Group’s economic performance, sets results objectives, explains actual results, and notifies of any necessary corrections in trajectory in relation to the commitments made.