What are the responsibilities and job description for the Associate Director, Global Commercial Finance position at Omnicom Media Group US?
Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE : OMC) - delivers transformational experiences for consumers, clients, and talent. Powered by the Omni marketing orchestration system, OMG connects best-in-class capabilities that enable our full-service media agencies OMD, PHD, and Hearts & Science to deliver more relevant and actionable consumer experiences, more productive and proactive client experiences, and more collaborative and rewarding talent experiences for the more than 24,000 people serving the world's leading brands in OMG agencies around the globe.
Omnicom Media Group World Wide is the global corporate group for the Omnicom media business (OMG Worldwide), part of the global marketing communications organization Omnicom Inc.
OMG is the parent company of its OMD, PHD and Hearts & Science brands, as well as our data capabilities within Annalect. It operates in 50 markets.
The Commercial team is split mainly between New York and London. The team consists of Global VP's (based in NY), Global Commercial Director (based in London), Global Commercial Associate Director (based in NY), Global Commercial Senior Analysts (based in New York and London).
At Omnicom Media Group, our people are our greatest asset. We are committed to fostering an inclusive environment that attracts, engages and retains the best possible talent. Our diversity of experiences, backgrounds, locations, viewpoints and ideas is what makes us a great place to work and differentiates us as an employer of choice.
About the Role
This position, reporting to the VP Head of Global Commercial Finance, is a key member of the Global Commercial Finance team, which manages all commercial aspects of key Global clients for Omnicom Media Group (OMG). This team is dedicated to servicing the agency's premier global clients, many of which are Fortune 100 companies.
The Global Commercial Finance team works to influence and drive global strategy related to OMG's remuneration and commercial terms for existing Global clients as well as prospective global clients. Additionally, this team provides financial stewardship regarding contract negotiations and remuneration discussions with global clients' finance and procurement teams.
This individual will function in a day-to-day Commercial Finance contact role working with OMG senior management, agency brand leadership, the various global business leads in support of OMG's financial objectives for its global accounts, and engage with key client contacts in finance & procurement. Exceptional analytical skills, attention to detail and the ability to work in a team environment are a must. The Global Commercial team based in New York City is a key component of the Omnicom Media Group network. Members of our team regularly liaise with senior corporate management as well as with counterparts in our regional hubs (NA, EMEA, APAC, LATAM). This position will be a key participant of our global Finance team.
Top candidates will demonstrate the ability to collaborate, have a knack for being resourceful, be proactive and provide solutions and have an acute attention to detail. Bringing a critical eye and an ability to deliver within a diplomatic, constructive manner will contribute to success. Generally, this group is not hierarchical and functions as an integrated team, with the approach of "all hands on deck" and a "can-do" attitude.
Major Responsibilities / Primary Functions (including, but not limited to the below)
- Provide strategic financial leadership of global accounts which includes providing innovative ways of working, financial stewardship and support to our global account teams as well as working with our global client's finance, legal, and procurement teams
- Lead the agency's efforts to perform scenario-based planning and financial analysis related to global account financials and proposals
- Proactively work with Global, Regional and Local CFOs and leadership in developing remuneration strategies that align and support OMG's corporate financial performance objectives.
- Facilitate adoption of above strategies on a global basis by leveraging best practices across the network to drive uniformity and consistency in the network's commercial and remuneration approach
- Work with our Business Development team in supporting the financial elements of our new business activity including the coordination, review, analysis and finalization of commercial proposals related to global new business efforts.
- Work with global account teams as a "partner" and provide financial leadership to support and improve existing account profitability
- Provide insight and recommendations to further improve agency's internal management reporting related to global accounts
- Work with various constituents throughout the network on a regular basis (e.g. senior network executive management, regional finance teams, and regional executive management) to influence desirable outcomes related to agency's remuneration / contract negotiations.
- Perform various ad hoc financial analyses related to global accounts and business development efforts
- Manage and support financial analysis related to parent holding company requests
- Manage the analysis and review for select corporate units' financial and operational performance, annual budgets and monthly reforecasts.
- Manage and support contractual compliance audits & reviews performed by clients and third party auditors
- Assist in the professional development of financial analyst resources
- In-depth understanding of the various elements involved with client finance or sales finance are an inherent part of the job (e.g. pricing methodologies, cost accounting ideally practical training in controlling and finance area)
- Able to take feedback from various teams and successfully implement
Qualifications :
Bachelor's of Science or graduate degree in Accounting / Finance.
MBA and / or CPA a plus.
Competencies
Knowledge / Expertise :
Skills / Abilities :
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This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications / skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include : health insurance, vision insurance, dental insurance, 401(k), Healthcare Flexible Spending Account, Dependent Care Flexible Spending Account, vacation days, sick days, personal days, paid parental leave, paid medical leave, and STD / LTD insurance benefits.
Compensation Range
130,000-$150,000 USD
This role is hybrid, requiring three (3) days per week in the office. The remaining two (2) days may be worked remotely. Specific in-office days will be discussed during the interview process, with flexibility to align with team needs. Please note that the number or required in-office days may be adjusted over time, potentially increasing the number of required in-office days based on business needs.
Omnicom Media Group is An Equal Opportunity / Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.
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Salary : $130,000 - $150,000