Overview
Finance Manager – FX
Wood Lane, London, W12
Company Description
Publicis Groupe UK is a marketing and digital transformation business made up of 5,000 talented and versatile people with expertise in media, creative, influence, technology and data, working across 21 agencies.
Publicis Groupe UK creative agencies include Saatchi & Saatchi, BBH, Digitas, Leo Burnett and Publicis•Poke. Also, within the stable are PR agencies MSL and Kekst CNC and sustainability consultancy, Salterbaxter. Publicis Media is home to Zenith, Starcom and Spark Foundry as well as specialist practices PMX, Performics, Publicis Sport & Entertainment and Publicis Content, providing expertise across media strategy, investment, data and technology.
Langland, Saatchi & Saatchi Wellness and Digitas Health serve clients across health and wellness, science and medicine. They combine expertise across advertising and branding, clinical trial experience, data and analytics, technology, medical strategy and education and public relations and policy.
At the core of Publicis Groupe’s data and technology offering sits Epsilon which provides personalisation at scale through CORE-ID, its proprietary data tech platform.
Publicis Sapient is the business transformation arm of Publicis Groupe, marrying technology, data sciences and business consulting with engineering and creativity, it helps clients transform digitally.
Publicis Groupe UK clients include BT, McDonald’s, ASDA, Tesco, L’Oreal, P&G, Kellogg’s, VW UK, Reckitts Benckiser, Samsung and Disney among others, encompassing six of the UK’s top 10 advertisers.
Employees share a common purpose, consistent ways of working and a financial structure that encourages collaboration.
In 2015 Publicis Groupe introduced the Power of One. Simplifying the traditional agency structure, the model removes silos between agencies and disciplines to put clients’ needs at the heart of the structure.
Publicis Groupe UK has offices in Chancery Lane, Television Centre in White City, Baker Street, Turnmills in Farringdon, Windsor, Teddington and Dublin, and people based in Edinburgh. Publicis Groupe has a presence in more than 100 countries and employs nearly 84,000 people worldwide.
Our Commitment
As part of our dedication to create an inclusive and diverse workforce, Publicis Groupe UK is committed to equal access to opportunity for people without regard to race, age, sex, disability, neurodiversity, sexual orientation, gender identity or religion.
Job Description
Job Description
We have an opportunity for an FX Manager to join our media finance team, reporting to our Finance Director, and be responsible for the hedging process for all clients across the Publicis Media UK Agencies. This includes requesting hedges, and managing and maintaining the Net Open Position summaries for all foreign exchange exposure, ensuring there is minimum exposure at all times.
We deal in multiple currencies, with many currency bank accounts, including USD / €uro as well as other currencies. Some of our main clients are billed in one currency and our suppliers are paid in another, so we need our FX Manager to excel in currency analysis and reconciliations.
Key Responsibilities
As our FX Manager, you will be required to raise hedges as and when required for all clients. You will ensure consistency of the process across all brands and you will be required to provide Net Open Position (NOP) analysis for each Brand and expand analysis down to client invoice and payable level of all transactions that expose us to foreign exchange risk.
In addition, you will develop close relationships with the client teams in each business to understand how the clients operations which will include
- Client billing timetable
- Supplier payment schedule (3rd party and intercompany)
- Credit notes/cancellations (upon client request)
We are governed by Janus (Publicis global code of conduct), so our FX Manager will ensure all transactions and accounting relating to the hedging process have been applied according to Janus as well as being carried out in accordance with the relevant Financial Reporting Standards. Part of this will be to ensure that all revaluations of foreign exchange carried out by Resources and the TMS are correct.
Qualifications
We are looking for our FX Finance Manager to have the following experience:
- Strong Excel knowledge is essential, as a minimum, you must be able to use:
- formulas
- Vlookups
- SUMIF's
- Pivot tables
- Treasury knowledge & experience is a bonus - however, this is not a traditional treasury role but more analysis of FX and reconciliations
- Experience with SAP and Media billing systems would be beneficial.
- Experience working with non-financial people in order to explain variances.
- Previous experience working in a Media company is an advantage
- Degree educated or equivalent ideally in Finance/ Accounting
Qualifications
Additional Information
Publicis Groupe operates a hybrid working pattern with full time employees being office-based three days during the working week.
We are supportive of all candidates and are committed to providing a fair assessment process. If you have any circumstances (such as neurodiversity, physical or mental impairments or a medical condition) that may affect your assessment, please inform your Talent Acquisition Partner. We will discuss possible adjustments to ensure fairness. Rest assured, disclosing this information will not impact your treatment in our process.
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