Job Description
Operating Company
GroupM
Job Title
Assistant Management Accountant
Department / Team
GroupM Finance
Reporting To
Financial Controller
About GroupM
GroupM is the leading global media investment management operation serving as the parent company to WPP media agencies including Mindshare, Wavemaker and MediaCom, each global operations in their own right with leading market positions. GroupM’s primary purpose is to maximize 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.
About the team and/or client
The Role Objective
The main purpose of the role is to assist in the preparation of the monthly management accounts for reporting to both GroupM management and WPP group (EMEA). This requires detailed variance analysis and exception reporting and Liaising with Finance Plus on Payables, Receivables. 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
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Calculation of accruals & prepayments of costs and inter-company, using IFRS principles. Prepare and post journals
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Assist in preparation of monthly Management Accounts reconciled to TB
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Assist in monthly variance analysis by comparing to budget/forecast
- Preparation of monthly SOX folder
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Action any queries post month-end; i.e AP queries, expense queries, intercompany queries etc.
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Assist with the SOX and year-end audit by providing all relevant information to the auditors
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Manage the intercompany process (end to end) i.e. raise POs, raise intercompany invcs, work with FP to post the invcs in our system, prepare jnls to post them and other adhoc tasks surrounding intercompany
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Work closely with senior revenue analyst on various revenue tasks eg. Contract checking, contract collation, checking revenue recognised agrees to the contract and is in line with IFRS15
Group / WPP reporting
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Liaise with GroupM EMEA, Group M UK and Agency to resolve reporting queries
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Submit commentaries to EMEA on a monthly basis
- Deal with EMEA’s new reporting requirements
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Prepare and submit quarterly packages
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Prepare and submit the year-end packages
Business Partnering
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Business partnering through engagement with business on a regular basis including face-to-face meetings
- Adding value to operational teams through analysis, reporting etc.
Other and periodic
- Review weekly expenses for the agency in line with the expense policy
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Responsible for supplier setups and resolving associated queries
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Ensuring compliance with company policies and SOX requirements
- Continuously reviewing current processes and making improvements to allow better control or improved efficiencies
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Ad hoc projects as directed by FC/SFC
- Assisting AP team with coding of invoices
- Dealing with Finance Plus on ad hoc queries
Skills and Behaviours
Desirable
- Experience working with DDS / Media Ocean
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Experience working with Cartesis / BFC
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Studying towards a professional qualification studying towards professional qualification (ACA/ACCA/CIMA)
Essential
- Intermediate / advance level of Excel
- 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
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Enthusiastic with a can do attitude
- Ability to work independently and as part of a team
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