Finance Director

Publicis Groupe
New York
22 Nov 2020
01 Dec 2020
Job role
Finance director
Contract type
Full time
Company DescriptionFounded in 1994, the PlowShare Group () works exclusively with nonprofit organizations, government agencies, and their partners on important cause–related campaigns. Our dedicated and passionate team of experts believe in our mission, to harness the power of communications for social good. Our core expertise as a full–service communications agency and consultancy includes unique capabilities in Public Service Announcement (PSA) creative development, distribution services, and media monitoring and reporting. Acquired in 2017 by Publicis Health, PlowShare now brings the full suite of marketing services to our clients and an array of career path options to our employees. Publicis Health is one of the four solution hubs of Publicis Groupe, the third–largest advertising and media company in the world, giving us unparalleled global reach. At Publicis Health, we are united around one purpose: to create a world where people are equipped and motivated to take control of their health. With 40 offices and 11 brands across the globe, Publicis Health's worldwide staff is comprised of more than 3,000 healthcare professionals who are experts in advertising and branding, data and analytics, strategic planning, service design, digital media and technology, science, and medicine.Job DescriptionThe Finance Director works closely with the Business Unit (BU) Leadership, the senior team and staff to drive value and long term success, providing strategic leadership to create improved business performance. He/She has overall responsibility for financial planning, forecasting, reporting, and is responsible for maintaining a strong internal control environment across all financial operations of the BU. The Finance Director partners with Senior Leadership to ensure that the organization efficiently and effectively delivers on its financial objectives. The Finance Director reports directly to the BU President and has a functional relationship to the Publicis Health Group CFO. The individual must be able to set appropriate priorities, organize a team for maximum efficiency and effectiveness, communicate well with senior and executive management, peers, business partners, team members and clients, and have a high level of technical aptitude and business sense.Key ResponsibilitiesFinancial Planning & Analysis – Anticipate risks and initiate actions to achieve financial objectivesPrepare the annual business plan, taking into account business initiatives and financial targetsAnalyze actual performance against key benchmarks and highlight to management any areas requiring actionPrepare rolling forecasts as needed to maintain visibility on full year financial performanceProvide management with information regarding financial and operational performance of individual business segments against internal KPIsFinancial Operations – Work with business unit management to maximize profitability and optimize operational performance of the BUProvide financial counsel to management to assess financial risk/benefit of operational initiatives and actionsProvide "what if" analysis to management, with corresponding financial impactAssist management with development of both commercial and government pricing (i.e. functional hourly rates, piece rates, value at risk pricing models, etc.) and interaction/negotiations with client procurement, including implementation of particular client billing arrangements. Provide operational analysis to management (ie client profitability, capacity management, etc)Ensure that financial operations across separate locations and/or business segments are delivering incremental value and/or financial efficienciesLiaise with Shared Service Center for key operational areas (ie, Real Estate, Supplier Procurement, Legal, Treasury, etc)Assess and prepare requests for all financial operation activities requiring approval, including capital expenditures, consultancy arrangements, real estate, etc.Ensure that financial systems are properly set up and optimally utilized by the agency teams Financial Reporting – Ensure that monthly reporting is performed accurately, completely and timelyReview transactional accounting performed by Business Financial Insights(BFI) teamPerform all subjective areas of financial reporting, particularly revenue recognition and provisions for risks & chargesEnsure that all financial reporting is performed in according with Publicis Groupe Corporate Policies and Procedures ("Janus")Ensure performance of, and compliance with, Financial Monitoring ControlsPerform monthly analysis and submit reports to BU, Group and Corporate managementLiaise directly with Corporate Finance team to provide information as requestedWork closely with BFI on tracking meaningful KPIs and creating financial insights Financial Controlling and Client Accounting Management – Manage the BU accounting team responsible for these functionsClient accounting areas of responsibility: Review of client contracts; control over receipt of client documentation (project estimates and purchase orders) for initiation of services; management of agency timesheet system; client billing and payment follow up; client reconciliation and contract compliance/adherenceFinancial controlling areas of responsibility: Supplier management (issuance of purchase orders, validation of receipt of non–billable services); cost control, particularly areas of high variability/discretion (ie, freelance support, non–client travel, capital expenditure, etc); trade working capital management, particularly maintenance (timely billing, reconciliation and collection) of accounts receivable and work in progress; coordination and direction of all audits, including internal, external, client and regulatory audits.Critical Job Dimensions (Indication of level within job family)Span of Control – Reporting RelationshipsReports directly to Business Unit Group General Manager/PresidentFunctional reporting relationship to Group CFOManages Business Unit finance teamWorks in close collaboration with Business Unit Senior Management team, Account Management team and functional department headsStrategy & Innovation (high, med, low) HighClient Partnerships MediumDecision Making Impact HighQualificationsCompetencies Key competencies that are required to be successful in the role:Decision QualityDealing with AmbiguityBusiness AcumenPlanningCustomer FocusDeveloping Direct Reports & OthersStrategic AgilityAutonomous/Self–starterJob Requirements EssentialEducation: Bachelor's degree required, MBA or CPA preferred10+ years experience managing an accounting/finance departmentStrong interpersonal and communication skillsAbility to work autonomouslyHighly organized and able to work according to fixed calendar cyclesStrong presentation skillsDesirableExperience with Enterprise Reporting Planning software (SAP, Hyperion, etc)Experience in federal governmental and non–profit (with knowledge of the "FAR" (Federal Acquisition Regulation)) and/or marketing and communications sector(s) in the US, particularly at one of the top five global holding company networksAdditional Information