Senior Finance Business Partner

Agency:

McCann

Job Function:

Finance

Job Subfunction:

Client Finance

Job Description:

Senior Finance Business Partner

London (Hybrid Working)

 

About McCann

 

McCann, part of the Omnicom Group (NYSE: OMC), is one of the world's largest advertising agencies. McCann’s operations are united across 5,000+ employees in 120 countries by a single mission: to help brands play a meaningful role in people’s lives. This commitment focuses on creating work that earns a role in people’s lives by being interesting, evocative, and useful. McCann achieves this mission through building brand platforms that last, powered by the creative philosophy “Truth Well Told”).

 

Job overview

 

The primary focus of the Senior Finance Business Partner role is the management of the McCann London revenue position. The SFBP is a senior role in the commercial team with three core responsibilities; ensuring revenue is booked in the OMC financial system monthly in line with compliance requirements, accurately forecasting revenue for future periods and assisting account teams with the objective of delivering revenue in a profitable way. The SFBP is supported in these goals by Client Finance Managers (CFMs). People management is, therefore, a key requirement for this role.

 

Key Responsibilities

 

• Month end reporting – prepare and manage the month end revenue position by client, ensuring all revenue booked is compliant with OMC revenue recognition policies and posted in the finance system. By exception post revenue by journal, if PE is obtained and system entry is not possible, and reconcile the overall position - forecast file to system entry. Provide variance analysis commentary as required.
• Revenue forecasting – work with the client Business Leads to maintain the ongoing forecast revenue position for forward months by client, ensuring that all material movements are shared and explained to the CFD. Assist the CFD and the FP&A/MI Lead with any information required for upward revenue reporting into OMC.
• Receivables – regularly review EBU, pre-bill, WIP and debtor balances to ensure accuracy and work with CFMs to take timely actions to minimise aging, clear as required and ensure collectability.
• Workflow – from new client and job set up to work delivery and job closure, all project workflows need to be managed to ensure all elements of revenue, interco revenue, third party costs and expenses are correctly recorded and managed through our financial system. The SBP oversees this process to ensure all parties (CFMs, BL & PM and shared services) do the right things at the right time in a compliant manner.
• Profitability – using information prepared by the FP&A/MI Lead, work with the BL & PM teams to affect change and profitability improvement through pricing review and changes to ways of working. Assist the CFD or CFO with client facing discussions to improve commercial terms as required.
• Client contracts and reporting – manage ongoing client contractual compliance including any reporting requirements agreed in contracts and SOWs. Assist with management of client audits or ad hoc client information requests as required. Ensure all client PRPs, volume rebates or other such variable compensation arrangements are correctly calculated and accounted for.
• Internal and external audits – manage the preparation of all revenue related information to internal and external auditors and promptly respond to all related queries. Ensure all McCann London revenue recording and revenue procedures are S-Box compliant.
• Skills development – manage the new staff induction process for all relevant employees – BL, PM and finance – to ensure they are up to speed with our procedures as soon as possible. As ways of working are refined and developed ensure all relevant employees are kept abreast of process changes and we continue to operate commercially in a compliant manner with best in class practice the goal.
• Ad hoc support to CFD – support the CFD as required on new business pitches and any other finance projects and initiatives from time to time.

 

Required behaviours and competencies
Essential:

• Previous experience in a similar role in finance or accounting
• Proficiency in Microsoft Excel.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organisational abilities.
• Effective communication and teamwork skills, including people management
• Ability to work in a fast-paced and dynamic environment.

Nice to have:

• Previous experience within an advertising / marketing agency is highly advantageous
• Vantage (SAP) knowledge is desirable but not essential
• ACCA/CIMA qualified or working towards qualification

Our commitment to equal opportunities.

McCann is an Equal Employment Opportunity (EEO) employer. We embrace diversity in all its form. We provide equal employment opportunities to all qualified applicants without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. 
 
McCann is proud to be a Disability Confident employer and will guarantee an interview to any disabled candidate who meets the minimum criteria for this role. Please do let us know when you apply if you are eligible (via email to [email protected]), along with any adjustments you may need to the recruitment process to enable you to perform at your best.

To the extent permissible by local law, Omnicom’s policy requires employees to work in the office for a minimum of three days a week, unless additional in-office days are directed by their agency or manager.

Omnicom is committed to hiring and developing exceptional talent. We agree that talent is uniquely distributed, and we’re focused on developing inclusive teams that can bring the best solutions to everything we do. We strongly believe that celebrating what makes us different makes us better together. Join us—we look forward to getting to know you. We will process your personal data in accordance with our Recruitment Privacy Notice.

Link to Recruitment Privacy Notice: https://www.omc.com/privacy-notice/