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2 months ago
About the Role
GroupM is seeking a highly skilled Commercial Associate Director to join our UK commercial team. As a key member of the team, you will be responsible for managing global, regional, and local stakeholders in GroupM, EssenceMediacom, 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:
Working with the compliance team responsible for:
- 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
- Supporting 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