Description
#LI-Promoted
GroupM Finance Partner - Commercial
Overview
GroupM is the worlds largest media investment company and are a part of fact we are responsible for one in every three ads you see globally. We are currently looking for aDirector Commercialto join us.
At GroupM our people are our strength which is why fostering a culture of diversity and inclusion is important to us.
Role of Finance partner- Commercial:
- Reporting to the GroupM CFO
- Key liaison with Client business leads and Business team heads across the various markets Regional heads and GroupM Finance team acts as a conduit
- Possess strong business acumen with a strategic mindset and a high level of integrity and professionalism
- Must be analytical with good communication and negotiation skills and able to operate independently
- Must have the capability to deal with varying business culture and adapt to a changing environment
- Expected to have broad exposure to multifunctional activities in addition to strong technical financial expertise
Key responsibilities
- Client Contracting Regional / Global and Local Support
- Smarter client contracting overview and promote best practice and contractual excellence
- Compliance understanding the do and donts in scope and out of scope services reporting requirements and etc.
- Local market engagement and support
- Prepare annual budget and quarterly reforecasts plans for Agency which will require a detailed understanding of the direction of the business in the industry the client portfolio and its profitability. Ongoing monitoring of the performance.
- Work to ensure that the top line growth of Agency is enhanced through our core offer and specialist units services. Extract high margins where opportunities exist.
- Work with GroupM Finance and GroupM local management to ensure investment in Agency as required
- Work alongside Client Leaders to ensure that these opportunities are maximized consistently presented
- Pricing of services and products
- RFP RFI RFQ approaches
- Fee proposals
- Managing the OMI - return process
- Client profitability analysis
- Consistency in dealing with auditors wrt to process disclosure and policies.
- Pricing and contract review for new and existing accounts
- Dispute escalation
- Fee negotiation updates for contracts over a specific value and checked against the Contract Checklist for any inconsistencies or breaches.
- Pitch Lists / Pipelines Update at regional level to track new business plans.
- Risk Management :
- Key vendor Contract review and guideline setting
- Linking vendor contracts with client contracts to manage risk and exposure
- Trading within approved limits
- Agency POV for
- Connect / PBU integration and utilisation
- Trading models and opportunities in key markets
- Other Specialist Services Content etc.
Focussing on
- rules of engagement;
- pricing ranges
- Approval process management for prop media.
- target setting aligned with business opportunities
- client contract support in securing opt ins disclosure levels; compliance
- workflow
- Vendor contract structure etc.
- Training and guidance as required.
- Support for Services contracts as required
- Ad Serving Software Hardware Hotels Insurance Travel Training etc.
- Accounts receivable management and collection ensure that Agencys aged Accounts Receivable is brought down to an acceptable minimum level. Assist in the collection where relevant.
- Acquisition and integration support as required
- Other ad-hoc special projects
.
Requirements:
- Experienced management graduate with strong experience in managing commercial or procurement .
- Skills: Strong negotiation skills the ability to analyze trends and proficiency in ensuring task completion are essential for success in this role.
About WPP MediaWPP is the creative transformation company. We use the power of creativity to build better futures for our people planet clients and communities. For more information visit .
WPP Media is WPPs global media a world where media is everywhere and in everything we bring the best platform people and partners together to create limitless opportunities for growth. For more information visit
At WPP Media we believe in the power of our culture and our people. Its what elevates us to deliver exceptional experiences for both our clients and each this role it will be critical to embrace WPP & WPP Medias shared core values:
o Be Extraordinary by Leading Collectively to Inspire transformational Creativity.
o Create an Open environment by Balancing People and Client Experiences by Cultivating Trust.
o Lead Optimistically by Championing Growth and Development to Mobilize the Enterprise.