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Senior Commercial Accountant (2809697437)

Accounting 會計



GCSE/Scottish Standard Grades A-Level PhD 博士 Postgraduate or above 碩士或以上 Undergraduate or above 學士或以上 Intermediate apprenticeship 學徒

PSW Apprenticeship 學徒 華語工作 Contract 合同制 Full-Time 全職 Internship 實習 Part-Time 兼職


Charing Cross, London, United Kingdom

Introduction to Ogilvy The Commercial Finance team sits across all of the newly formed Businesses – PR, Advertising, G&I and Experience, with the purpose of helping to drive growth across the entire UK unit. Your Role at Ogilvy This role will report into the Commercial Controller and will be a key part of the Commercial Finance team. You will work with the Commercial Controller to improve the level of commercial acumen across the Commercial Finance and wider Agency teams. You will have a close working relationship with your client leads and with the other Commercial Accountants. You will be responsible for challenging your client leads, in terms of revenue growth opportunities, both within the existing Business area, as well as cross-selling opportunities across the other businesses. You will be responsible for driving client margin improvement and leading change and best practice in relation to finance in your client teams and assisting/training others to do the same on other clients. You will be part of a dynamic team which strives to ensure best commercial practice is at the heart of all agency business transactions. Key Responsibilities Thought Leadership and Propagating Best Practice o Ensure Management Information is understood and used by finance and client teams, including the management and monitoring of all margin improvement plans o Manage our approach to conflict management and ensure adherence o Provide thought leadership/ guidance on Pricing to agency and Commercial Finance teams o Identify and suggest alternative pricing mechanisms – e.g., output based rates for existing clients o Review and feedback on contracts and NDA’s and prepare commercial submissions for pitches (integrated new opportunities) o Represent the Commercial team in meetings as required o Help lead the internal roll-out and management of bespoke finance training to the business o Lead best practice on internal/external reporting, compliance & NWC Provide ad-hoc support to Commercial Controller on special targeted projects across key functions Partnership with the Client Leads o Ensuring timely reporting in adherence with internal timetables o Reviewing and challenging the business pillar allocations with the client leads o Identifying and flagging potential cross-selling opportunities on clients o Working with the client leads on resource reforecasting and ensuring this is recorded in the capacity planning tool, advising on best practice and margin improvement o Building a margin improvement plan for specific accounts and monitoring progress against it. Overseeing all margin plans and advising on progress o Reviewing the KPIs with the client leads and providing narrative on areas as appropriate and making an improvement plan o Regular catch-up with the client project managers to understand the latest scopes, staffing, capacity planning and job progress on clients o Main point of contact for your client leads on financial best practice and commercial discipline Client Reporting o Leading client negotiations on your portfolio of clients and being the key contact for the client procurement departments o Preparing accurate and timely client reconciliations o Lead any client audits on your accounts o Understand your client contracts and ensure all are aware of contractual points o Accounting for foreign exchange in line with the client contract and Ogilvy policies o Ensuring the revenue tracker is kept up to date at all times and matches exactly to Maconomy reporting each month-end o Posting any revenue accrual or deferral journals in a timely manner for month-end reporting o Providing narrative for any revenue accruals and deferrals, particularly those over 30 days Managing Staff o Managing and mentoring a Commercial Accountant o Setting objectives and targets for yourself and the Commercial Accountant and assisting with the overall target setting process o Participate in annual appraisals and regular catch-ups and follow up on action points as agreed o Providing constructive feedback to ensure job satisfaction and company objectives are met, including working closely with Ogilvy management to ensure own requirements are fulfilled Compliance o Ensuring compliance with ICFR regulations in relevant areas, particularly in relation to revenue recognition Assisting in any ICFR or other audits (external/internal) o Raising queries if ICFR regulations are not clear or require interrogation Job Management o Working closely with the Commercial WIP Managers to ensure all jobs are opened, maintained and closed efficiently and effectively. o Working closely with the Commercial WIP Managers to ensure regular timely billing and review of all jobs to ensure NWC is managed effectively. o Ensuring best commercial practice (including use of Maconomy) in all areas of job management o Tracking jobs regularly and highlighting areas of over service o Ensuring rate cards and estimate are up-to-date and accurate o Ensuring best practice in relation to foreign exchange hedging NWC Management o Regular review of aged debtors and accrued revenue balances o Chasing up debtors directly with the client where necessary o Liaison with Finance Plus as appropriate, including monthly phone calls to review overdue invoices o Ensuring Provisions are kept at WPP acceptable level for Accrued Revenue, WIP and Debtors. o Training the finance and non-finance teams in respect of best commercial practice Client Profitability o Tracking jobs and proactively challenging your client teams on overruns o Reviewing all SOWs and push back where necessary o Regular review of rate cards and standard practice o Ensuring efficient planning of staff at appropriate levels o Preparing and analyzing reports for the Commercial Controllers and the client teams in respect of client profitability, over servicing, recoverability across all clients Ad-hoc o Client analysis as requested by Commercial Controller or Finance Directors o Liaise with client needs on day-to-day client procurement requests o Ensuring that all queries are responded to with accurate and timely information Skills Skills A qualified and experienced, commercially focused qualified accountant who will drive change in the business The individual will be expected to lead meetings, lead by example and positively influence others in the team • An individual who is self-motivated and deadline driven with an excellent track record of accuracy • A combination of excellent attention to detail and the ability to step back and see the bigger picture from a commercial perspective • Excellent communication and people management skills • Proven ability to improve margins and improve processes to drive efficiency whilst constantly keeping in mind the commercial impact on the business • An individual who works well with both finance and non-finance staff, who is approachable, very well organized and has a desire to succeed • An individual who is able to work with independence, and able to interact with and influence the wider business to put commercial best practice at the heart of their business • Experience of working in the Media industry is preferable but not mandatory • Experience of Maconomy is preferable but not mandatory. Strong Excel skills are essential Job Summary Job ID: 2022-11027 Location: UK-London