Mindshare | Associate Commercial Director

Mumbai, India

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Job Description – Associate Commercial Director

Reporting of the role

This role reports to: Principal Partner – Commercial and Finance

In this role, your goals will be:

In three months: 

  • Developed your understanding of Mindshare’s business in the local market.
  • Understand P&L structures, reporting requirements, WPP accounting policies, commercial requirements, and client contracts.
  • Learnt the various systems and applications and how they are integrated into the business.
  • Built relationships with the key stakeholders across agency the group.
  • Client specific reports requirement.

In six months:

  • Able to provide effective insight in financial forecasts, monthly results
  • Contribute to the management of contract commitments and negotiations.
  • Able to advice Business leads on key commercial and financial levers to achieve their targets
  • Understood Mindshare clientele with due regard to financial risks.

In 12 months:

  • Should be widely trusted and seen as a truthful individual
  • Develop in-depth knowledge of client’s business and complete understanding of risk associated with revenue and business and alert in possible risks

What your day job looks like at Mindshare: 

  • Prepare and report yearly budget, quarterly re-forecasts, month end financial reports and other reports and details with client wise vertical wise to be in sync with the Business heads .
  • Prepare & submit monthly global financial reporting
  • Participate in discussions and negotiation of commercial and contractual terms and conditions with clients.
  • Manage Global/Regional client terms, conditions and instructions.
  • Monitor collections and take proactive actions for recovery of long outstanding amounts.
  • Monitor achievement of client incentives and bonuses.
  • Update periodically the charge out rates and overhead multipliers to be applied.
  • Prepare and provide commercial information as required by the business teams.
  • Review of monthly financial schedules & reports as prepared by finance plus.
  • Review of compliances & implementation of MAPs under internal audit reports.
  • Keep track of billing and highlight shortfalls for remediating actions.
  • Maintain new business pipelines and gaps.
  • Management of database of client’s information including key terms and conditions.
  • Ensure continuing contractual compliance.
  • Highlight and manage the renewal of expiring contracts.
  • Maintain HC and Staff costs budgets and forecasts visa vie actual at cluster level

What you’ll bring:

  • Self-driven, forward looking, results-oriented with a positive outlook and a clear focus
  • Ability to lead, plan and manage change
  • Ability to earn respect and trust from management & seen as trusted source of information for business analysis
  • Flexibility and comfortable working in a fast pace matrix reporting environment
  • Ability to work and effectively communicate with senior-level business partners.
  • Excellent interpersonal and communication skills

Minimum qualifications:

  • CA with at least 8-10 years of experience in budgeting, forecasting, MIS
  • Should have worked on global reporting in the past.
  • Experience of working in commercial domain shall be an additional advantage.
  • Strong analytical, critical-thinking skills.
  • Independent, well-organized, results-oriented and able to work under pressure to meet tight deadlines.
  • Ability to work multitasking under high pressure.
  • Willing to “roll up your sleeves” and deep-dive into details
  • Must be able to work with integrity, initiative and a strong sense to take accountability / ownership and commitment to deliver.
  • Effective written, verbal and listening communication skills.
  • Pleasant personality with strong communication skills. Must be comfortable working in matrix environment and dealing with multiple stakeholders.

More about Mindshare

We were born in Asia in 1997, a start up with a desire to change the media world. Now we are a global agency with more than 7,000 employees in 116 offices across 86 countries, operating as one team – #teammindshare. We believe that in today’s world, everything begins and ends in media. We aim to be our clients’ lead business partner, to grow their business, and drive profitability through adaptive and inventive marketing. We do this through speed, teamwork and provocation and by operating as a network of networks rather than a rigid hierarchy. We create new things and have fun doing it. Whenever and wherever you join us, you open a door to opportunities in any and of all aspects of media, technology and innovation. We will support you, recognize you and reward you, making Mindshare the place where you do the best work of your career.

 

Mindshare APAC has won 500 awards in the last year alone, including “Agency Network of the Year 2017” by both the MMA SMARTIES™ and Campaign Asia for the fifth and third consecutive year, respectively. Mindshare is part of GroupM, the media investment management arm of WPP, the world’s leading communications services group. To learn more about Mindshare and our philosophy of Original Thinking, visit us at www.mindshareworld.com and follow us on Twitter @mindshare and facebook.com/mindshareapac and linkedin.com/company/mindshare.

2020 brought opportunities for brands to innovate because of which we saw an evolving media stack. The growth of digital is set to soar high because of changing consumer habits. With approximately 500 million smartphone users, low-priced data plans, 45 to 50 million e-commerce shoppers, approximately 60 OTT offerings and a young population, India is a mobile-first internet market. It is also one of the top 10 ad spend markets in the world and is set to climb the ranks. Global big tech corporations have made considerable investments in top e-commerce/retail ventures and Indian start-ups, blurring the lines between social media, e-commerce and mobile payments, resulting in disruption on an unimaginable scale.
At GroupM India, there’s never a dull moment between juggling client requests, managing vendor partners and having fun with your team. We believe in tackling challenges head-on and getting things done.
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.