GroupM Finance | Director - Commercial
Description
Overview
GroupM is the world’s largest media investment company and are a part of WPP. In fact, we are responsible for one in every three ads you see globally. We are currently looking for a Director Commercial to join us.
At GroupM, our people are our strength, which is why fostering a culture of diversity and inclusion is important to us.
Responsibilities:
Cost Budgeting -
- Centralized Budget Control: Oversee and manage the organization’s overhead budget, excluding payroll costs.
- Requirement Collation: Gather overhead cost requirements from various units, along with justifications from vertical heads, and align these with the organization’s budget structure.
- Budget Transformation: Convert the gathered information into a structured budget template.
- Comparative Analysis: Develop comparative statements with detailed justifications for budget allocations.
Commercial Function for Central Cost Verticals: -
- Budget Tracking: Monitor actual expenditures against the budget and update central stakeholders (e.g., Research, Marketing, Award show participation, Training) regularly.
- Contract Management: Collaborate with the Legal team and overhead cost heads to execute contracts, Statements of Work (SOWs), and work orders.
- Vendor Liaison: Coordinate with vendors and the Vendor Onboarding team for new vendor empanelment and manage the purchase order process for centrally controlled expenses.
- Invoice Processing: Ensure timely processing of vendor invoices, scrutinize actual expenses at month-end, and compare them against the budget.
Purchase Requisition Software Management:
- Software Maintenance: Maintain and update the Purchase Requisition software/dashboard, ensuring it reflects current business needs. This includes uploading budget changes, headcount adjustments, and approver modifications.
- User Support: Provide guidance and training to new recruits on the software.
Monthly Reporting:
- Presentation Preparation: Prepare and present monthly reports to management, detailing budget performance, variances, and key findings.
Additional Notes:
- Contract Negotiation: Candidates with strong contract negotiation skills will have an added advantage.
- Shared Service Center Collaboration: While accounting and invoice processing will be handled by the Shared Service Center, the overall responsibility for these tasks will rest with this role.
Requirements:
- Experience: Commerce graduates with at least 10 years of experience in overhead cost management, preferably with a CA or MBA qualification.
- Skills: Strong negotiation skills, the ability to analyze trends, and proficiency in ensuring task completion are essential for success in this role.
More about GroupM
GroupM - GroupM leads and shapes media markets by delivering performance- enhancing media products and services, powered by data and technology. Our global network agencies and businesses enable our people to work collaboratively across borders with the best in class, providing them the opportunity to accelerate their progress and development. Teams or geographies do not limit us; our scale and diverse range of clients let us be more adventurous with our business and talent. We give our talent the space, support and tools to innovate and grow.
Discover more about GroupM at www.groupm.com
Follow @GroupMAPAC on Twitter
Follow GroupM on LinkedIn - https://www.linkedin.com/company/groupm
About India
2020 brought opportunities for brands to innovate because of which we saw an evolving media stack. The growth of digital is set to soar high because of changing consumer habits. With approximately 500 million smartphone users, low-priced data plans, 45 to 50 million e-commerce shoppers, approximately 60 OTT offerings and a young population, India is a mobile-first internet market. It is also one of the top 10 ad spend markets in the world and is set to climb the ranks. Global big tech corporations have made considerable investments in top e-commerce/retail ventures and Indian start-ups, blurring the lines between social media, e-commerce and mobile payments, resulting in disruption on an unimaginable scale.
At GroupM India, there’s never a dull moment between juggling client requests, managing vendor partners and having fun with your team. We believe in tackling challenges head-on and getting things done.
GroupM is an equal opportunity employer. We view everyone as an individual and we understand that inclusion is more than just diversity – it’s about belonging. We celebrate the fact that everyone is unique and that’s what makes us so good at what we do. We pride ourselves on being a company that embraces difference and truly represents the global clients we work with.