VP, Director of Client Finance - Havas Media

Finance New York, New York


Description

Position at Havas Media

VP, Director of Client Finance

Within Havas Media, the VP, Director of Client Finance is responsible for all financial aspects of client finance for his/her assigned clients across all entities within Havas Media. This includes building fee proposals and fee reconciliations for presentation to clients, scope of work oversight, contract negotiation, forecasting the clients’ revenue projections, managing the profitability of both individual projects and the overall client account and running the day-to-day financial management of the client accounts in close partnership with our Account Management staff. The VP, Director of Client Finance must be exceptionally proactive and talented at fostering collaborative relationships with internal and external stakeholders. He/she must excel at managing and building a strong team of Finance professionals that report directly to him/her.

Responsibilities:

  • Oversee the governance of all financial planning and controls for their respective units
  • Build and oversee staff in creation of fee proposals, client reconciliations, scope of work reviews, staff utilization, client profitability
  • Participate on RFP’s and NB pitches when needed
  • Depending on experience and client, participate or lead in contract negotiations
  • Possess a solid understanding of client contracts and ensure all financial obligations are being met along with guiding Account Management on contract implications/covenants that impact their business
  • Ensure revenue recognition policies are properly followed in accordance to GAAP
  • Responsible for overseeing delivery of timely and accurate production of weekly, monthly and annual financial and statutory reporting
  • Lead the NY office accounts while also providing support to your staff on monthly client finance meetings with Account Management on scopes, profitability, utilization and all other client finance activities with a goal to deliver projects on budget and profitable
  • Work with billers, and finance managers and account management to ensure that all invoicing for fees and production is delivered timely, and review WIP, Accounts Receivable and other reports to ensure that all financial obligations by agency and clients are being delivered per contract
  • Direct the effective operations of internal financial programs and procedures, and maintain productive relationships with outside institutions
  • Liaise with the technology department to ensure systems are in place and functioning properly at all key times, and any scheduled outages or upgrades avoid conflict with key reporting cycles
  • Establish and maintain effective relationships with other company executives in matters related to financial planning and control
  • On a continuing basis, initiate studies and evaluate corporate financial policies and procedures
  • Effectively manage and guide the Finance management team to reach their professional goals along with the departmental goals

Requirements:

  • 10+ years of Accounting/ Financial experience with progressive levels of responsibility; media and advertising agency experience preferred
  • Undergraduate degree in Accounting, Finance; MBA a plus
  • Demonstrated experience leading and motivating others
  • Demonstrated strong business acumen and capacity for fiscal responsibility
  • Exceptional interpersonal, organizational, communication, problem solving, and decision-making skills
  • Demonstrated capacity for effective leadership and willingness to assume greater responsibility
  • Advanced PC Skills (MS Office); Cognos TM1 and MediaOcean proficiency preferred
  • Ability to make recommendation to resolve problems or issues effectively, by using judgment that is in consistent with Agency standards, practices, policies, procedures, or regulations
  • Ethics and values consistent with Havas Media’s high standards