Overview of job
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 Senior 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.
Key roles and responsibilities:
Your primary responsibility is to oversee and manage financial activities related to a revenue stream within the organization. Below is a comprehensive job description for this position:
Financial Planning and Analysis:
- Preparation and maintenance of a revenue tracker
- Analyze market trends, competitor strategies, and customer buying patterns to identify potential areas for revenue.
- Collaborate with cross-functional teams, such as central trading, marketing, and operations, to gather data and insights for financial planning and analysis.
- Prepare accurate financial forecasts, budgets, and projections related to revenue stream.
- Monitor and report on financial performance, highlighting key variances and providing recommendations for improvement.
Agreement maintenance:
- Conduct a thorough analysis of spending, revenue, and market demand to determine optimal revenue levels.
- Collaborate with trading and marketing teams to negotiate revenue agreements with clients, vendors, or suppliers.
- Evaluate the financial impact of proposed revenue agreements, considering factors such as sustainability.
- Ensure compliance with internal policies, legal regulations, and client and vendor contractual obligations. Financial Reporting, Compliance, and Automation:
- Preparation of monthly revenue entry and tying up with the books and cartesis
- Prepare accurate and timely financial reports, including revenue analysis, net spending, and margin analysis.
- Monitor, review and reconcile monthly financial transactions related to revenue (including agreement tracking), ensuring compliance with accounting principles, internal controls, and client/vendor compliances.
- Collaborate with internal and external auditors during financial audits, providing necessary documentation and explanations. Should be able to handle various audits (e.g., Internal audits, SOX audits, Statutory audits, client audits, etc.) independently.
- Stay updated with industry regulations and accounting standards, ensuring adherence to compliance requirements.
- Periodic review with the seniors on revenue projection
- Periodic presentation to CEO, CFO, and other stakeholders about agreement status, Revenue projections for the remaining period, and historic trend
- Be comfortable handling humongous data in Excel, creating white papers/presentations & liaising with various internal & external teams.
- Automate data cleaning and processing of revenue accrual through the Tool thus reducing manual intervention, increasing accuracy, and saving time.
- Collaborate with other finance teams, such as financial planning and analysis, accounting, and treasury, to ensure effective coordination and alignment of financial activities.
Requirement:
- Chartered Accountant (CA) with 8-12 years of experience in data analytics and able to handle huge data and create links for real-time revenue status.
- Excellent communication skills
- Proficiency in MS Excel Power BI, Power Query will be an added advantage.
- Experience in the media industry will be an added advantage.
- Able to finalize revenue agreements independently.
- Highly organized, detail-oriented and accurate
- Ability to prioritize work and meet deadlines.
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.
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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.
