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- Tasks: Assist in preparing monthly management accounts and perform detailed variance analysis.
- Company: Join GroupM, the global leader in media investment management with top-tier agencies.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Be part of a collaborative culture that values innovation and offers real impact in the media industry.
- Qualifications: Ideal for part-qualified accountants or those studying towards ACA/ACCA/CIMA with strong Excel skills.
- Other info: Engage with various business levels and contribute to exciting ad hoc projects.
The predicted salary is between 36000 - 60000 £ per year.
Operating Company: GroupM
Department / Team: GroupM Finance
Reporting To: Financial Controller
About GroupM: GroupM is the leading global media investment management operation serving as the parent company to WPP media agencies including Mindshare, Wavemaker, and MediaCom, each with leading market positions. GroupM’s primary purpose is to maximize performance of WPP’s media agencies by operating as leader and collaborator in trading, content creation, sports, digital, finance, proprietary tool development, and other business-critical capabilities. GroupM’s focus is to deliver unrivalled marketplace advantage to its clients, stakeholders, and people.
The Role Objective: The main purpose of the role is to assist in the preparation of the monthly management accounts for reporting to both GroupM management and WPP group (EMEA). This requires detailed variance analysis and exception reporting and liaising with Finance Plus on Payables and Receivables. To be successful in this role, engagement with various parts of the business is required, often at different levels of seniority.
Responsibilities:
- Month-end process / year-end & variance analysis
- Calculation of accruals & prepayments of costs and inter-company, using IFRS principles.
- Prepare and post journals.
- Assist in preparation of monthly Management Accounts reconciled to TB.
- Monthly variance analysis (by comparing to budget/forecast) and exception reporting on both costs and revenue.
- Assist in preparation of the month-end file ensuring compliance with IFRS.
- Monthly & quarterly balance sheet reconciliations.
- Ensure all supporting schedules tie back to main P&L and Balance Sheet.
- Action any queries post month-end; i.e., AP mis-posting, etc.
- Assist with the SOX and year-end audit by providing all relevant information to the auditors.
- Preparation of various revenue reporting schedules.
Group / WPP reporting:
- Liaise with EMEA to resolve reporting queries.
- Submit commentaries to EMEA on a monthly basis.
- Deal with EMEA’s new reporting requirements.
- Prepare and submit quarterly packages.
- Prepare and submit the year-end packages.
Business Partnering:
- Business partnering through engagement with business on a regular basis including face-to-face meetings.
- Adding value to operational teams through analysis, reporting, etc.
Other and Periodic:
- Ensuring compliance with company policies and SOX requirements.
- Continuously reviewing current processes and making improvements to allow better control or improved efficiencies.
- Ad hoc projects as directed by FC/SFC/Sr Revenue Analyst.
- Review of monthly payroll, when required.
- Assisting AP team with coding of invoices.
- Dealing with Finance Plus on ad hoc queries.
Skills and Behaviours:
- Desirable: Experience working with DDS / Media Ocean. Experience working with Cartesis / BFC. Media industry experience. Part qualified accountant or studying towards professional qualification (ACA/ACCA/CIMA).
- Essential: Intermediate / advanced level of Excel (knowledge of sumIFs, sumIF, Pivot tables, VLOOKUP is essential). Organized with good attention to detail. Quick to learn and adaptable to changing work allocation and able to prioritize workload to meet challenging deadlines. Strong analytical and reconciliation skills. Strong communication & relationship building skills. Enthusiastic with a can-do attitude. Ability to work independently and as part of a team.
Management Accountant London, England employer: Group M Worldwide Inc.
Contact Detail:
Group M Worldwide Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Management Accountant London, England
✨Tip Number 1
Familiarise yourself with IFRS principles, as they are crucial for the role. Understanding these standards will not only help you in the interview but also demonstrate your commitment to the accounting profession.
✨Tip Number 2
Brush up on your Excel skills, especially with functions like VLOOKUP and Pivot tables. Being able to showcase your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the media industry or those who have experience with GroupM. Engaging in conversations can provide insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 4
Prepare to discuss your experience with variance analysis and month-end processes. Be ready to share specific examples of how you've added value in previous roles, as this will highlight your suitability for the position.
We think you need these skills to ace Management Accountant London, England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Management Accountant role at GroupM. Emphasise your proficiency in Excel, analytical skills, and any experience in the media industry.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific aspects of GroupM that attract you and how your background makes you a great fit for their team.
Highlight Relevant Qualifications: If you are part-qualified or studying towards a professional qualification (ACA/ACCA/CIMA), make sure to mention this prominently. Include any relevant coursework or projects that demonstrate your accounting knowledge.
Showcase Soft Skills: In your application, highlight your strong communication and relationship-building skills. Provide examples of how you've successfully collaborated with teams or engaged with stakeholders in previous roles.
How to prepare for a job interview at Group M Worldwide Inc.
✨Showcase Your Analytical Skills
As a Management Accountant, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've conducted variance analysis or reconciled accounts in previous roles. Highlight your ability to interpret financial data and provide insights.
✨Demonstrate Your Excel Proficiency
Since the role requires intermediate to advanced Excel skills, be ready to talk about your experience with functions like VLOOKUP, Pivot Tables, and SUMIFs. If possible, mention any projects where you used these skills to improve reporting or efficiency.
✨Understand GroupM's Business Model
Familiarise yourself with GroupM and its position within the media industry. Understanding their operations and how they maximise performance for WPP’s media agencies will show your genuine interest in the company and the role.
✨Prepare for Behavioural Questions
Expect questions that assess your teamwork and communication skills, as business partnering is a key aspect of the role. Prepare examples that demonstrate your ability to build relationships and add value through collaboration with operational teams.
