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Commercial Director

2 months ago


London, Greater London, United Kingdom GroupM Full time
About the Role

We are seeking a highly skilled Commercial Associate Director to join our growing commercial team in the UK. As a key member of our team, you will be responsible for managing global, regional, and local stakeholders in GroupM and other group agencies.

Key Responsibilities
  • Lead on UK pitches and collaborate with Global Commercial on Global Pitches
  • Collection, consolidation, and review of remuneration and other commercial elements for major global, regional, and UK commercial pitch proposals
  • Support commercial managers with new client transition management ensuring new clients are effectively onboarded in accordance with the agreed commercial terms
  • Support Legal & Business Affairs Director with new client contract negotiation
  • Work with and support the commercial managers with discussions with key stakeholders throughout the UK agency to prepare commercial proposals for new business and out of scope fee proposals
  • Collaborate with heads of Social, Search, Biddable, and all specialist units in pricing one-off projects
Day-to-Day Commercial Support
  • Work closely with Client Presidents and client leads to help improve margin and profitability at both client and business unit level
  • Utilize client profitability to identify potential areas of improvement, supporting client growth plan process
  • Review the UK Commercial Terms ensuring it is updated on a regular basis and distributed to Exco/key stakeholders
  • Support Commercial Director in (Re)negotiation of contracts and terms of business which reflect scope of work and ensure profitability
  • Collaborate with Resource Management in understanding resource need and ensuring new requests for hire have a justifiable business case for role review meetings
  • Review the risk and opportunity register that informs the forecast for potential client wins, increased/decreased scopes, and clients at risk
Compliance Support
  • Collaborate with the compliance team to ensure compliance with client contracts, the relevant opt-ins are obtained, and that clients are notified as per contract via correct disclosure on the media plans/briefings etc
  • Support the compliance team in management of contract compliance audits with third-party auditors
  • Support Commercial Director in dealing with contract compliance/legal disputes and liaising with internal/external advisors
  • Review the Red/Green Schedule quarterly to ensure compliance of contracts and relevant opt-ins
Requirements
  • Bachelor's degree in accounting or finance
  • Significant and relevant experience in similar roles, with most experience in Advertising and Media
  • Strong knowledge of accounting principles and their practical application
  • Strong analytical orientation. Skills in financial analysis, including review of financial statements and analysis of key business metrics
  • Excellent verbal and written communication skills, including the ability to interact professionally with all levels of the organization
  • Ability to work independently and simultaneously balance multiple projects and processes
  • Ability to help design clear process delivery and to help facilitate effective change
  • Functions well under pressure; consistently pay attention to accuracy and quality of work
  • Proficiency with Microsoft Office Suite; demonstrated skill with Microsoft Excel performing complex data analysis, including Pivot Tables and Macros
  • Experience working within a matrix environment supporting multiple business partners
  • Demonstrated ability to build strong working relationships and be inclusive of ideas
  • Takes initiative to add value beyond initial requests by anticipating future questions/follow-up requests and proactively resolving them
What We Offer
  • Company pension scheme
  • Private medical insurance
  • 25 days holiday (increases with length of service)
  • Life assurance
  • Permanent health insurance
  • WPP share options scheme
  • Discretionary bonus scheme
  • Free eyecare vouchers and money off glasses
  • Extensive training and development
  • Corporate gym memberships
  • Cycle to work scheme
  • Interest-free travel loan
  • Free breakfast (cereal and fruit)
  • Smart shopper (online discount on a variety of products)