Position at GroupM
GroupM Philippines is looking for a Chief Financial Officer (CFO) who will oversee all the financial activities of the Group in The Philippines.
As the CFO of GroupM Philippines, you will manage and develop the financial and commercial product to ensure delivery of the best in class financial reporting, cost management and commercial growth in the Philippines operations.
Reporting of the role
This role reports to the CEO of GroupM Philippines and Regional CFO of GroupM Asia Pacific.
3 best things about the job :
Opportunity to work in the leading global media investment company with a fast-growing team of over 50 finance professionals.
Exciting exposure and learning in the media industry, which is fast evolving from the regular Print-Ads, Radio and TV to Digital (Google, Facebook, YouTube, Programmatic, etc).
Chart new territories to grow this exciting and interesting business as a team member of the Philippines EXCO team.
Measures of success
In three months, you would have :
Developed your understanding of GroupMs businesses in the local market.
Understood P&L structures, reporting requirements and WPP accounting policies.
Learnt the various systems and applications and how they are integrated into the business.
Built relationships with the key stakeholders across the group.
In six months, you would have :
Able to provide effective insight and strategic direction in financial forecasts, monthly results and treasury.
Reviewed and improved efficiencies and profitability across the business pillars.
Understood GroupM and the other agencies clientele with due regard to financial risks.
Reviewed and improved the Finance team structure and efficiencies
In twelve months, you would have :
Contributed to the commercial aspects of our business and able to manage contract commitments and negotiations.
Delivered the improvements that have resulted in cost savings and streamlined work flows.
Closely worked with the local and relevant regional teams for timely and accurate reporting and compliance with WPP policies.
Responsibilities of the role :
Overall Business Growth Strategy
Work with GroupM Philippines CEO to develop business annual growth strategy for the group and also build a roadmap for growth over 3 years.
Financial & Treasury Management
Work closely with GroupM Philippines CEO and GroupM Regional CFO in all aspects of financial delivery and performance.
This include optimising cashflow management and working closely with WPP and GroupM Asia Pacific on working capital management.
Advice Agency MDs on key financial levers to achieve their PBT targets, which also involve providing support and working closely with Agency MDs on terms of business client contract negotiation and payment terms negotiation.
Responsible for all governance framework including but not limited to SOX Compliance, Trading Compliance, Audit Compliance, Tax Compliance, in line with WPP / GroupM policies and compliance requirements.
Review finance structure and bench strength to ensure the right capabilities, competencies and capacities are in place.
Ensure proper systems, processes and infrastructure are designed and deployed for delivery of accurate and timely financial reports.
Mergers & Acquisitions and Partnerships
Work closely with CEO to identify potential targets for acquisition. Manage the acquisition process (working closely with WPP and regional finance) and integrate the business into GroupM.
What you will need (qualifications, skills and personality traits) :
Professional accounting qualification (CA / CPA) from a recognised accounting programme and at least 12 years of related senior financial and administrative experience.
Experience from Big 4 with significant exposure to audit, as well as strong process improvement ability.
Excellent technical skills and up to date knowledge of relevant standards, tax requirements and corporate governance issues within Philippines.
An up-to-date conceptual understanding of digital marketing pillars (search, social, programmatic, etc.) and its impact on our organization structure and on our clients business.
Excellent analytical and problem solving skills and decision making skills in the face of ambiguity.
Effective written, verbal and listening communication skills.
A resilient negotiator with a proven track record of contract negotiations, mergers and acquisitions, due diligence and valuations from both a legal and financial perspective.
GroupM is the leading global media investment management company serving as the parent to WPP media agencies including Mindshare, MEC, MediaCom, Maxus, and Essence, as well as the programmatic digital media platform, Xaxis, each global operations in their own right with leading market positions.
GroupMs primary purpose is to maximize performance of WPPs media agencies by operating as leader and collaborator in trading, content creation, sports, digital, finance, proprietary tool development and other business-critical capabilities.
GroupMs focus is to deliver unrivaled marketplace advantage to its clients, stakeholders and people.
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