Commercial Finance Compliance Analyst

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Overview of role

We’re looking for a Commercial Compliance Analyst to join the EssenceMediacom UK compliance team. This is a key role, with an overriding objective to report to and help the Commercial Compliance Manager ensure that the agency is complying with all aspects of its contractual commitments.  This includes working with the commercial team to ensure that contractual provisions in terms of charging mechanisms and notifications to clients are managed accurately and in a timely manner.  The other key aspect of the role is to ensure that systems, controls and processes are robust and to eliminate any risk of revenue loss.

Reporting of the role

Reporting to the Commercial Compliance Manager

3 best things about the job

1. Great exposure to commercial strategy and analysis in the UK’s number one media agency
2. Fast paced and challenging, you will be helping the compliance team make a step change in its output and value to the business.
3. Working in a highly sociable team with a passion for delivering amazing work and having fun

Measures of success

In three months, you would have:

• Established an understanding of the of the different aspects of what EssenceMediacom does and how the media transaction cycle flows.
• Completed all relevant training modules and attended relevant commercial training sessions.
• Gained a good understanding of the different elements of the client contractual reporting cycle and contractual requirements.
• Gained a good understanding of the Red Green schedule and the process involved in ensuring this schedule is kept accurate and up to date.
• Established key relationships internally and within GroupM.

In six months, you would have:

• Attended relevant commercial training (commercial contracts/negotiation /media introduction).
• Maintained a framework and timetable to meet the requirements of client reporting.
• Supported Commercial Compliance Manager in running a client audit.
• Started to build a network of contacts within client finance and commercial/procurement teams.

In 12 months, you would have:

• Supported Commercial Compliance Manager in running a best practise session for a client account team around understanding of commercial contracts.
• Identified an area of potential revenue loss and established appropriate mitigation.
• Assessed current control processes and opportunities for improvement.

Responsibilities of the role

Commercial Analysis

• Working with the Commercial team to apply the correct interpretation of EssenceMediacom UK’s contractual commitments and reporting thereof, including liaison with affiliate entities.
• Link between the Commercial team and Finance in ensuring that commercial terms are correctly applied in terms of charging methodology across all income types.
• Supporting the Commercial Compliance Manager in ensuring that new commercial models are compliant and have the required level of governance.
• Provide ad hoc commercial analysis for the Commercial Compliance Manager.

Commercial Compliance

• To co-ordinate client audits, liaising with third party audit firms, and reviewing audit information to ensure it is supplied in the correct format and on a timely basis.
• Perform pre-audit checks and spot checks
• To work with the UK, EMEA and Global commercial teams to maintain the compliance schedule and ensure that it is up to date and that changes are communicated to the relevant account teams immediately. 
• Assist the Commercial Compliance Manager in co-ordination of internal spot checks, reviewing the existing control processes and suggesting improvements.
• Support the Commercial Compliance Manager in maintaining key compliance documents including the Red Green
• Responsible for maintaining timetables in line with contractual obligations.
• Responsible for preparing all client notifications and declarations.

Other

• To support the Commercial Compliance Manager in analysing the transactional processes for all income types, as well as client contractual terms and ensure that all income opportunities are captured.
• To support the Commercial Compliance Manager in assessing the robustness of controls around income generating transactions and provide recommendations for enhancement.
• To provide training of the wider agency in Commercial Compliance related matters.
• Communicate to the agency/to appropriate personnel any new financial and commercial group policies and ensure these are being implemented.

What you will need

People

• Ability to manage different stakeholders, with the gravitas and self-confidence to ensure that common objectives are met.
• First class communication skills, both written and oral.
• Desire to work collaboratively and establish and maintain internal and external networks.

Product

• Part qualified (ACA/ACCA/CIMA). Candidates qualified by experience will be considered if they have relevant media industry background.
• Understanding of the media and communications industry.  Direct experience is desirable not essential.

Commercial

• The role will also require strong negotiation skills, calmness under pressure and the ability to problem solve.

Clients

• Proactive approach, a logical and analytical thought process, with good attention to detail and high level of accuracy in their output.
• Ability to work under pressure and to tight timelines.

About EssenceMediacom

We are a global communications agency leading with breakthrough thinking, building explosive growth for brands, and helping our clients see the bigger picture. Our daring global network of 10,000 influencers help our clients breach traditional boundaries in media, uncover novel ideas, and unleash exponential growth. EssenceMediacom challenges conventional thinking to build, propel, and supercharge our clients’ businesses at scale and lead our industry in critical areas such as diversity, equity, inclusion, and sustainability.  

EssenceMediacom understands that our people are tasked with big goals: building breakthrough growth for brands and leading with breakthrough thinking in our industry. Our people are at the heart of this work because their ideas will enable us to decode the intersections of people, content, and technology to bring our aspirations to life. Our success is down to our eclectic, diverse, and talented people. EssenceMediacom is a place for us to grow our careers and expand our horizons. EssenceMediacom is committed to building an agency culture that supports our people, puts diversity at the forefront of our operations, and creates opportunity for all. This collective culture will be our “new power” where ideas are freely exchanged, and collaboration is actively encouraged in a place where you can innovate in our hyperconnected world.  EssenceMediacom follows a hybrid working policy which requires all employees to be in the office together a minimum of 3 days a week.