GroupM - Net Working Capital Business Partner

Finance & Commercial London, England


Description

Position at GroupM

About GroupM

GroupM is the world’s leading media investment company responsible for more than $45B (COMvergence) in annual media investment through agencies including Mindshare, MediaCom, Wavemaker, Essence and m/SIX, as well as the outcomes-driven programmatic audience company, Xaxis. GroupM creates competitive advantage for advertisers via its worldwide organization of media experts who deliver powerful insights on consumers and media platforms, trading expertise, market leading brand-safe media, technology solutions, addressable TV, content, sports and more. Discover more about GroupM at www.groupm.com.

About the team 

This is a role in the finance team of GroupM UK reporting into the GroupM UK Head of Operations & expenses management. The role will work closely with the GroupM Reporting team, GroupM FP&A team, Agencies Commercial teams, and GroupM UK Trading Teams. 

The Role Objective

The objective of the role is to lead the working capital for GroupM UK and providing accurate and timely management information for month-end reporting and recommending financial process and initiatives changes where needed to meet the working capital targets. The role will support the GroupM UK Head of Operations & expense management with business partnering across the business. 


It is expected that the role will need to be very engaged in the operational activities of the business to ensure the smooth and accurate financial wellbeing of the businesses.

Responsibilities:

Your key responsibilities are:

  • Responsible for ensuring working capital targets set by EMEA Networking Working Capital Manager are delivered including Reporting and Tracking the NWC targets & initiatives.
  • Establish a UK NWC meeting with key stake holders for tracking initiatives and providing updates for the EMEA regions
  • Ensure the delivery of monthly Insurance Reporting, to identify balances that may need to be reported in adherence to the Coface credit insurance policy
  • Consolidate reporting inputs and updates on Accounts Receivable from the GroupM UK Operations Business Partner
  • Consolidate reporting inputs and updates on Accounts Payable from the Transformation & Integration Squad
  • Consolidate reporting inputs and updates on Accounts Receivable and Accounts Payable from our Finance Plus shared service
  • Effectively manage unsecured credit exposure by coordinating mitigating action, such as credit insurance application, prepayment arrangement, ICL application
  • Regular review and management of agreed Coface credit insurance limits and alert CFO of reason for change
  • Key contact for Coface credit insurance, Global Credit Risk and EMEA Net Working Capital Manager
  • Liaise monthly and ad hoc with agency CFOs & finance teams and collaborate with the teams on ‘best practice’
  • Recommending financial process and initiatives/changes where needed to meet the working capital targets
  • Ensure new business pitches, include the application of credit insurance
  • Educate the wider team on NWC and credit insurance

Key skills and experience:
Essential:
  • Fully qualified accountant or equivalent (e.g., CIMA, ACA, ACCA)
  • Experience in a similar position in a Media agency and / or a Media owner would be preferable
  • Ability to concisely and clearly present information to financial and non-financial people
  • Proficient user of Excel & Powerpoint

Behaviours:

  • Must show a proactive approach to problem solving
  • Desire for continuous improvement
  • Leadership, ability to effect change and make decisions within own sphere
  • Communication at all levels of the company