Operating Company

GroupM

Job Title

Revenue Controller

Department / Team

GroupM Finance

Reporting To

Senior Financial Controller

Location

One Southwark Bridge, London

About GroupM

GroupM is the leading global media investment management operation serving as the parent company to WPP media agencies including Mindshare, Wavemaker and EssenceMediaCom, each global operations in their own right with leading market positions. GroupM’s primary purpose is to maximise performance of WPP’s media agencies by operating as leader and collaborator in trading, content creation, sports, digital, finance, proprietary tool development and other business-critical capabilities. GroupM’s focus is to deliver unrivalled marketplace advantage to its clients, stakeholders and people. Discover more about GroupM at www.groupm.com.

The Role Objective

The main purpose of the role is to report revenue in an accurate and timely manner for reporting to both GroupM management and WPP group (EMEA). This requires detailed variance analysis and exception reporting and liaising with various commercial and business heads. To be successful in this role, engagement with various parts of the business is required, often at different levels of seniority.

Responsibilities

Month-end process

Responsible for:

• Managing the month-end reporting process from start to finish, meeting deadlines and providing commentary on variances against forecast
• Compile and report the monthly revenue recognised on each client
• Investigate any variances between forecasted and actual revenue reported on a monthly basis
• Provide support and back-up to Client Leads and Commercial Team
• Managing monthly Revenue postings, net sales and billings commentaries
• Reviewing accruals and deferred income
• Providing GroupM FP&A team with the Revenue Forecast and Budget submissions, along with full commentary
• Monthly Revenue Balance sheet Reconciliations for Accrued/deferred income
• Coordinating and collating the monthly business forecast from client leadership team and product specialists
• Supplying management information (MI) and insight to the Senior Leadership Team
• Reviewing our Revenue Controls and SOX compliance
• Understanding clients and the terms under which they operate, including remuneration structures
• Managing Internal Audits, External Audits and Client Audits.
• Management and control of Client Reconciliation
• Working with the commercial teams to ensure fees and cost are charged correctly
• Ensuring intercompany transactions are completed with relevant PO’s and approvals
• Provide key revenue reports to the Group Finance Director and other key stakeholders
• Hold monthly revenue reviews with senior management.

Group / WPP reporting

• Liaise with EMEA to resolve reporting queries
• Submit commentaries to EMEA on a monthly basis
• Deal with EMEA’s new reporting requirements
• Prepare and submit quarterly packages
• Prepare and submit the year-end packages

Other and periodic

• Ensuring compliance with company policies and SOX requirements
• Continuously reviewing current processes and making improvements to allow better control or improved efficiencies
• Ad hoc projects as directed by senior management

Skills and Behaviours

Desirable

• Experience working with DDS / Media Ocean
• Experience working with Cartesis / BFC

Essential

• Intermediate / advance level of Excel (knowledge of sumIFs, sumIF, Pivot tables, VLOOKUP is essential)
• Media revenue experience
• Organized with good attention to detail
• Quick to learn and adaptable to changing work allocation and able to prioritise workload to meet challenging deadlines
• Strong analytical and reconciliation skills
• Strong communication & relationship building skills
• Enthusiastic with a can do attitude
• Ability to work independently and as part of a team