Partner Commercial Jakarta , Indonesia

  • Jakarta
  • Permanent
  • Full-time
  • 2 months ago
DescriptionGroupM Finance | Partner - CommercialOverviewGroupM is the world's largest media investment company and are a part of WPP. In fact, we are responsible for one in every three ads you see globally. We are currently looking for a Director Commercial to join us.At GroupM, our people are our strength, which is why fostering a culture of diversity and inclusion is important to us.Role of Finance partner- Commercial:
  • Reporting to the GroupM CFO
  • Key liaison with Client business leads and Business team heads across the various markets +Regional heads and GroupM Finance team -acts as a conduit
  • Possess strong business acumen with a strategic mindset and a high level of integrity and professionalism
  • Must be analytical with good communication and negotiation skills and able to operate independently
  • Must have the capability to deal with varying business culture and adapt to a changing environment
  • Expected to have broad exposure to multifunctional activities in addition to strong technical financial expertise
Key responsibilities
  • Client Contracting - Regional / Global and Local Support
  • Smarter client contracting - overview and promote best practice and contractual excellence
  • Compliance - understanding the do' and don't's, in scope and out of scope services , reporting requirements and etc. -
  • Local market engagement and support
  • Prepare annual budget and quarterly reforecasts plans for Agency, which will require a detailed understanding of the direction of the business in the industry, the client portfolio and its profitability. Ongoing monitoring of the performance.
  • Work to ensure that the top line growth of Agency is enhanced through our core offer and specialist units services. Extract high margins where opportunities exist.
  • Work with GroupM Finance and GroupM local management to ensure investment in Agency as required
  • Work alongside Client Leaders to ensure that these opportunities are maximized , consistently presented
  • Pricing of services and products
  • RFP, RFI, RFQ approaches
  • Fee proposals
  • Managing the OMI - return process
  • Client profitability analysis
  • Client Audit management
  • Consistency in dealing with auditors wrt to process , disclosure and policies.
  • Pricing and contract review for new and existing accounts ,
  • Dispute escalation ,
  • Fee negotiation updates for contracts over a specific value and checked against the Contract Checklist for any inconsistencies or breaches.
  • Pitch Lists / Pipeline's - Update at regional level to track new business plans.
  • Risk Management :
  • Key vendor Contract review and guideline setting
  • Linking vendor contracts with client contracts to manage risk and exposure
  • Trading within approved limits
  • Agency POV for
  • Connect / PBU integration and utilisation
  • Trading models and opportunities in key markets
  • Other Specialist Services - Content etc.
Focussing on
  • rules of engagement;
  • pricing ranges,
  • Approval process management for prop media.
  • target setting - aligned with business opportunities
  • client contract - support in securing opt ins, disclosure levels; compliance,
  • workflow,
  • Vendor contract structure etc.
  • Training and guidance, as required.
  • Support for Services contracts - as required
  • Ad Serving, Software, Hardware, Hotels, Insurance, Travel, Training etc.
  • Accounts receivable management and collection - ensure that Agency's aged Accounts Receivable is brought down to an acceptable minimum level. Assist in the collection where relevant.
  • Acquisition and integration support as required
  • Other ad-hoc special projects
.Requirements:
  • Experienced management graduate with strong experience in managing commercial or procurement .
  • Skills: Strong negotiation skills, the ability to analyze trends, and proficiency in ensuring task completion are essential for success in this role.
More about GroupMGroupM - GroupM leads and shapes media markets by delivering performance enhancing media products and services, powered by data and technology. Our global network agencies and businesses enable our people to work collaboratively across borders with the best in class, providing them the opportunity to accelerate their progress and development. We are not limited by teams or geographies; our scale and diverse range of clients lets us be more adventurous with our business and talent. We give our talent the space, support and tools to innovate and grow.Discover more about GroupM at
Follow @GroupMAPAC on Twitter
Follow GroupM on LinkedIn -About IndonesiaWith a population of 260 million, Indonesia is one of the fastest growing and most dynamic markets in the world. With an increase in consumer disposable income, Indonesia is now firmly on the radar for multi-national companies seeking to invest in emerging markets.Whilst the Indonesian media landscape is still dominated by terrestrial TV with 65% of all advertising spend, digital media is now poised to go through a period of exponential growth. There are around 170 million internet users in Indonesia and more than 70% of them are accessing the web via mobile. The opportunity to transform a media landscape on such a scale is unprecedented in the APAC region.We're looking for creative and diligent people to join us on this exciting journey of transformation. We're ready to create impactful solutions for media challenges, shaping the next era of media with our diverse and passionate team.GroupM is an equal opportunity employer. We view everyone as an individual and we understand that inclusion is more than just diversity - it's about belonging. We celebrate the fact that everyone is unique and that's what makes us so good at what we do. We pride ourselves on being a company that embraces difference and truly represents the global clients we work with.

GroupM

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