Job Description

Description

Position at Mindshare Worldwide

Commercial Finance Analyst

Job title: Global Commercial Finance Analyst (GCFA)

Group: Global Client Commercial team

Reports to: Global Client Finance Manager (GCFM)

Location: Central Saint Giles and Rose Court, London

OVERVIEW

Working as part of the Global Commercial and Finance team, you will support the GCFD (Global Client Finance Director) and GCFM (Global Client Finance Manager) with their role of partnering the Managing Partner responsible for the overall Client relationship through reporting, financial and commercial analysis, and commercial operations.

As a part of the wider Commercial team, which encompasses not just the commercial function but also the audit and legal function an element of the Commercial Analyst role is to support the whole team by ensuring key markets data is always kept up to date. Additionally, there may be occasions when the audit or legal team would require assistance with a simple task.

Identified Areas of full Accountability

• Admin: Annual Forex Rates & Detailed Market Contact List
• Communication with the Markets: Commercial Intranet Site

Core Tasks and Responsibilities

1) Support

• Produce Client P&Ls by utilising the internal reports (Monsters and Multipliers) and sharing with the GCFM and GCFD\'s for their review and utilisation on their clients.
• Collect and consolidate information on Global Client Competitors to assist New Business department.
• Produce accurate and up to date client rebate reports for the GCFM and GCFD\'s to share with their allocated clients.
• Support GCFM with all other contractual reporting for global clients. Taking instructions and guidance from the GCFM to ensure contractual commitments are met.
• Review and record key variances for global client media spend and revenue captured in Cartesis vs other streams of reporting (such as Monster and OMI reports)
• Support GCFD and GCFM with the contractual reporting for their clients, by sharing the Client reporting calendar and ensuring that it\'s kept up to date with all contractual requirements.
• Support the GCFD by ensuring details held in previous team projects (Remuneration grid, Hub structures etc.) are up today.
• In order to support GCFM and GCFD be the best partner to the client leads, there needs to be understanding of the commercials such as remuneration model, contractual arrangement (local vs global) , Active markets, Billings and Revenue and R/G Treatment.

2) Responsible

• Collect from all markets, query by variance analysis, correct where necessary or advise markets on corrections necessary and consolidate when finalised all market Multiplier reports. Ensuring an accurate and complete summary of all markets multiplier rates is available, for forecast and full year.
• Collect from all markets, query by variance analysis, correct where necessary or advise markets on corrections necessary and consolidate when finalised all market Monster reports. Ensuring an accurate and complete summary of all markets Monsters is available, twice a year, year end and end H1.
• Collect from all markets, query by variance analysis, correct where necessary or advise markets on corrections necessary and consolidate when finalised all market OMI reports. Ensuring an accurate and complete summary of all markets OMI\'s are available, twice a year, in time with the majority of the client contractual rebate reports.
• Collect from all markets, query by variance analysis, correct where necessary or advise markets on corrections necessary and consolidate when finalised all market Data Collection reports. Ensuring an accurate and complete summary of all markets Data is available, once a year.
• Ensure any changes to the legal status/ownerships of markets is up to date. The base of this report is to be taken from the Data Collection exercise but needs to be updated as and when there are changes in the markets.

3) Accountable

• Ensure the annual WPP FX rates are received and prepared and shared with markets (via Commercial intranet site) at the start of each year.
• The Commercial intranet site is one of the main tools for communicating with the markets, its important that all data is kept updated and accurate and access request managed and processed in a timely manner. In addition to processing the access requests, records of access should be kept and maintained.
• Key contact list for the markets to be maintained to ensure is accurate at and reliable at all times.

Key Behaviours and Knowledge

• Inquiring Mind:

• Demonstrates a willingness to learn about the media industry to ensure full understanding of required tasks.
• Possess a general understanding of the economic and industry specific implications and developments for Mindshare and our clients.
• Strong analytical skills and attention to detail:

• Ability to process and, most of all, interpret financial data in support of commercial decisions.
• Possess a natural attention to detail and ability to digest information from a wide variety of sources.
• Open-minded, able to develop and assess different options and solutions.
• Willingness to help with all tasks required to be completed
• Very strong interpersonal skills, demonstrating on daily basis the ability to succinctly communicate with finance and non-finance people alike and to accommodate language and cultural differences.
• Strong listening skills and ability to process verbal information.
• Proven verbal and written communicator who can measure the requirements of different audiences and adapts his / her communication style accordingly.
• Willingness and ability to involve others and use informal/virtual teams to complete tasks.
• Highly self-motivated, flexible and possess a high level of initiative. Takes ownership of issues and personal development.
• Awareness of own skills, weakness and strengths and proactivity in developing other skills.
• Ability to prioritise and complete tasks to deadlines.
• Ability to manage parallel workloads
• Anticipates issues and takes proactive action to avoid problems.
• Organised and able to efficiently juggle a wide range of priorities.
• Understanding of SOX obligations, Accounting Standards and Business Control Environments.
• Good all-round IT skills for analysing and presenting information- must be proficient in excel.
• Ability and willingness to build strong relationship with the senior members of the team to become dependable and reliable members of the commercial team.

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