Financial Analyst Job at Wavemaker, Toronto, ON

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  • Wavemaker
  • Toronto, ON

Job Description

ABOUT GROUPM:

GroupM is the world’s leading media investment company responsible for more than $63B in annual media investment through agencies Mindshare, MediaCom, Wavemaker, Essence and m/SIX, as well as the outcomes-driven programmatic audience company, Xaxis. GroupM’s portfolio includes Data & Technology, Investment, and Services, all united in vision to shape the next era of media where advertising works better for people. By leveraging all the benefits of scale, the company innovates, differentiates and generates sustained value for our clients wherever they do business.

Our Team:

Working as a member of the GroupM Shared Financial Services Team, the Client Finance Analyst (CFA) is responsible for the billing and timely collections as agreed in client contracts terms. As an entry level role, the CFA will also assist with relevant reporting relating to billing, collections, net working capital. The CFA is a pivotal role within the finance function not only because of the critical impact it has on operations but also as a key interface between OpCo client finance team, media teams and the client.

Key Responsibilities:

  • Receive, review, and request client billing for OpCo in DDS system
  • Prepare necessary reports to accompany billing packages (billing summary, statement of accounts, invoice PFD files)
  • Send billing to client via soft copy (using various platforms such as Ariba, Taulia, Coupa etc) or hard copy, depending on client requirements/specifications
  • Collect outstanding receivables by invoice due dates
  • Coordinate with media and client finance/Operations teams at the agencies to resolve billing-related discrepancies and purchase-order issues
  • Synchronize with related departments (client, media finance) to issue revised billing
  • Monitor Accounts Receivables and Cash receipts
  • Run specific billing-related reports as required by client/agencies
  • Send monthly Statement of Accounts to client

Collections:

  • Collect outstanding receivables by invoice due dates
  • Coordinate with media and client finance/Operations teams at the agencies to resolve billing-related discrepancies and purchase-order issues
  • Synchronize with related departments (client, media finance) to issue revised billing
  • Monitor Accounts Receivables and Cash receipts
  • Run specific billing-related reports as required by client/agencies
  • Send monthly Statement of Accounts to client

Audit:

  • Support Senior Client Finance Analyst in providing audit related documents (billing summaries, statement of accounts, payment listing reports) when requested for internal/external/client audits

Month-End Reports/Net Working Capital:

  • Assist Senior Client Finance Analyst with Accounts Receivable overdue status updates
  • Assist with providing backup and documentation support for month end and compliance obligations related to Accounts Receivable/Collections
  • Assist with Ad hoc reporting

What YOU Bring:

  • Bachelor’s Degree in accounting, Finance, or Business
  • Data entry, accounts receivable, collections, customer service work experience is considered an asset
  • Excellent excel skills (V-lookups, Pivot Tables, Basis formulas) Macros/VBA is considered an asset
  • Previous experience with DDS Systems is considered an asset
  • Client service and teamwork attitude
  • Fluent English (Written/Verbal)

GroupM and all its affiliates embrace and celebrate diversity, inclusivity, and equal opportunity. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We are a worldwide media agency network that represents global clients. The more inclusive we are, the more great work we can create together.

We’re an equal opportunity employer and values diversity in its workforce. If you have a disability or special need that requires accommodation at any time during the recruitment process, please let us know. While we appreciate all applications received, only those candidates selected for an interview will be contacted.

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