Networking Capital Manager

dentsu•New York, NY

29d•$94,000 - $152,375•Hybrid

About The Position

Job Description: The purpose of this is to own the day-to-day performance of dentsu America’s balance sheet forecasting, payable management and variance analysis with oversite from the Treasury head and the Controller. Normal activities include but are not limited to, quarterly forecast, payables review, monthly variance analysis and continuous improvement. Recruiting Job Description We are Dentsu. We innovate in the way brands are built. That means we do things differently to make them better than they were before. In this way, we ensure that our clients' most important marketing assets - their brands - win in a changing world. Dentsu innovates the way brands are built for its clients through its world-class expertise and capabilities in media, customer relationship management and creative communications services. Dentsu operates in 145 countries around the world with more than 50,000 dedicated specialists. The Senior Working Capital Manager is responsible for managing the obligations for short term forecasting and operational financial approvals for dentsu America and local affiliates. Working capital specific duties Work on forecasting of balance sheet values for quarterly forecasting process and understand the significant drivers including: AR; AP and related short term liabilities; Major components of unbilled/ accrued transactions; Drive improvements in our forecasting process for our service lines through an understanding of the market and the businesses and creating models to reflect the underlying business and assumptions Laise with the Treasury Manager as needed to understand forecasts and obtain support with short term payment needs (FX, liquidity) Provide data for short term cash forecasts for liquidity management Monitoring of credit insurance and client financial risks – provide an initial forecast and actual data for the calculations for the insurance premiums Liaise with treasury on credit insurance matters to flag risks for AR commentary Maintain the monthly AR commentary file from collections Create map and maintain a “parent vendor” list for monthly AP analysis Creation and maintenance of SOP to document processes and move towards best practices with an eye to continual improvement Ad hoc projects Client & Internal Relationships: Collaborate in preparing and delivering work to colleagues & clients Respond to requests for information quickly and accurately Engages with all work-related contacts in a professional and respectful manner Establish strong internal relationships with agency personnel Assist as a facilitator who can act to assist as needed in a variety of situations and considering counterparties needs and different points of view Strategic Thinking & Leadership: Assess problems and concerns in a systematic, logical and rational manner Proactively resolve issues, know when to and to whom to escalate Guide team members nurture/promote team environment Assist in constructing and delivering accurate, honest and timely performance management communications Capable of managing multiple deliverables and ability to transition among them seamlessly Concerned with Day 2 and “so what” implications of management decisions Communications Skills: Expresses oneself clearly and concisely in oral communications Writes in a clear, compelling and concise manner Organizes ideas and information logically and sequentially Develop reports that are clear, compelling and persuasive

Requirements

University Degree in business administration, finance or accounting
Experience with Credit insurance is a strong asset
CPA certification or working towards an asset
Thorough understanding of the financial process
Knowledge of accepted accounting practices and principles
Thrives in a fast pace, constantly changing environment
Advanced Microsoft Office skills

Nice To Haves

Multi Lingual (Spanish, Portuguese)
CFA

Responsibilities

Understands and owns forecasting of a balance sheet with a focus on “apples to apples” comparisons & finding drivers of cashflow
Aligns with our central treasury team and stake holders to efficiently complete tasks
Approves payables prepared from operational finance in line with forecasts and budgets, calling out variances as they arise if significant
Develops tools for forecasting and quantifying payments to vendors & maintenance of a vendor family tree
Develop and communicate the detailed AR forecast to the treasury team for evaluation that we maintain adequate risk coverage
Reviewing the cash position sheet periodically understand if any material effect on our balance sheet positions vs expectations
Reviewing monthly actuals VS budgeted, prior month and prior year positions to understand variances and how our forecasted cashflow will be affected going forward
Simulate of the effect of changing terms on the balance sheet for scenario analysis
Can assist commercial teams in understanding the overall effects of particular agreements for our balance sheet
Trains, manages and mentor’s division staff
Assists with setting, evaluating and managing goals
Work on forecasting of balance sheet values for quarterly forecasting process and understand the significant drivers including: AR; AP and related short term liabilities; Major components of unbilled/ accrued transactions
Drive improvements in our forecasting process for our service lines through an understanding of the market and the businesses and creating models to reflect the underlying business and assumptions
Laise with the Treasury Manager as needed to understand forecasts and obtain support with short term payment needs (FX, liquidity)
Provide data for short term cash forecasts for liquidity management
Monitoring of credit insurance and client financial risks – provide an initial forecast and actual data for the calculations for the insurance premiums
Liaise with treasury on credit insurance matters to flag risks for AR commentary
Maintain the monthly AR commentary file from collections
Create map and maintain a “parent vendor” list for monthly AP analysis
Creation and maintenance of SOP to document processes and move towards best practices with an eye to continual improvement
Collaborate in preparing and delivering work to colleagues & clients
Respond to requests for information quickly and accurately
Engages with all work-related contacts in a professional and respectful manner
Establish strong internal relationships with agency personnel
Assist as a facilitator who can act to assist as needed in a variety of situations and considering counterparties needs and different points of view
Assess problems and concerns in a systematic, logical and rational manner
Proactively resolve issues, know when to and to whom to escalate
Guide team members nurture/promote team environment
Assist in constructing and delivering accurate, honest and timely performance management communications
Capable of managing multiple deliverables and ability to transition among them seamlessly
Concerned with Day 2 and “so what” implications of management decisions
Expresses oneself clearly and concisely in oral communications
Writes in a clear, compelling and concise manner
Organizes ideas and information logically and sequentially
Develop reports that are clear, compelling and persuasive
Ad hoc projects as needed