Management Accountant

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 and/or client

This role sits within the central finance team of GroupM UK Market reporting into the Financial Controller. The role will work closely with the Senior Financial Controller as well as the Agency Commercial teams.

The Role Objective

The main purpose of the role is the timely and accurate preparation of the monthly management accounts for reporting to both GroupM management and WPP group (EMEA). This requires detailed variance analysis and exception reporting. Liaising with Finance Plus on Payables, Receivables and also Cartesis reporting. The role will also support on key financial objectives that promote driving efficiencies within the team but also within the business. 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/Year end & variance analysis

 

  • Calculation of accruals, using IFRS principles and preparation of journals
  • Prepare monthly Management Accounts reconciled to TB
  • Monthly variance analysis (by comparing to budget/forecast) and exception reporting
  • Monthly & quarterly balance sheet reconciliations / ensure that all salary control accounts are reconciled monthly
  • Action any queries post month-end; i.e AP mis-posting etc.
  • Reconciliation of Balance Sheet control accounts
  • Review of monthly payroll and identifying reasons for variances to prior months
  • Reconciliation of monthly payroll to rolling budget
  • Reporting of headcount to gross salaries on a monthly basis
  • Consolidating all reports/P&L and reconciling the retained earnings
  • Assist with the SOX and year-end audit by providing all relevant information to the auditors

 

Group / WPP reporting

 

  • Upload and publish internal, management & external numbers into Cartesis
  • Liaise with EMEA to resolve reporting queries
  • Submit commentaries to EMEA on a monthly basis
  • Prepare and submit quarterly packages (CSR. Client profitability, Letter of rep and questionnaire, Local books to Cartesis, Other assets and liabilities, deferred revenue)
  • Prepare and submit the year-end packages

Annual budgeting & rolling forecast

  • Business partnering with business on a regular basis to collecting inputs from department heads to understand detail and feed into the rolling forecast and annual budgeting process

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
  • Quarterly VAT returns/deal with VAT queries
  • Prepare the P11D and PSA submission
  • Dealing with Finance Plus on ad hoc queries
  • Ad hoc projects as directed by FC or Finance Leads

Skills and Behaviours

 

Desirable

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

Essential

  • Intermediate level of Excel
  • Organised 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