Manager - Working Capital

Overview

Exp: 9+ years

Skills: Working capital

Location : Hyderabad

About Omnicom Global Solutions

Omnicom Global Solutions is an integral part of Omnicom Group, a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more than 70 countries.

Omnicom Global Solutions India plays a key role for our group companies and global agencies by providing stellar products, solutions, and services in the areas of Creative Services, Technology, Marketing Science (Data & Analytics), Advanced Analytics, Market Research, Business Support Services, Media Services, and Project Management.

Responsibilities

Client & Agency Service:

• Collaborate closely with fellow Working Capital Managers and Analysts to produce monthly Working Capital reports (Accounts Receivable and Accounts Payable) for all Omnicom Media Group agencies.

• Extract and consolidate Working Capital data from various platforms (Media Ocean, Microsoft D365, Cognos) and generate customized Excel reports as required.

• Accurately load Working Capital data into Hyperion Financial Management (HFM), proactively identifying and resolving discrepancies prior to submission, while adhering to internal deadlines.

• Perform monthly reconciliations between Working Capital data and the General Ledger within HFM.

• Review monthly cash forecasts submitted by BPMs for accuracy and provide weekly updates on cash status to senior leadership.

• Present summarized Working Capital insights, including detailed explanations of account balances such as past due amounts, unbilled media/revenue, negative working capital, and year-over-year variances, during monthly senior management meetings.

• Schedule and facilitate AR and Cash Forecast status meetings with BPMs and Finance Directors.

• Ensure adherence to Omnicom’s Credit Policy and procedures.

• Support the onboarding of new clients onto the Credit Voyager platform.

• Maintain accurate credit insurance records and ensure correct linkage of policy details within the system.

• Carry out administrative duties such as reviewing credit insurance broker portals and ensuring effective management of credit insurance documentation and workflows.

• Flexible to work in 14:00-23:00 / 15:00 - 00:00 hrs Shift

Qualifications

You will be working closely with:

• Global Finance Leaders / members of agency Finance Team and will have responsibilities to achieve group goals with respect to Reporting, Planning, Forecasting, Working Capital, and accounting support.

This may be the right role for you if you have.

• Bachelors or Post Graduate Degree in accounting or finance with 8-12 years of experience in business FP&A Operations (mandatory).

• Having prior experience into R2R processes is (Preferred)

• Proficient in Advanced Excel and ability to quickly learn any new ERP or BI Tools

• Having Good Knowledge of US GAAP.

• Flexibility to take up different assignments and not limit oneself to specific set of activities

• Ability to work both independently and in a team oriented, collaborative environment

• Flexible and Result Oriented with Strong Written & Oral Communication Skills

• Experience in Hyperion Financial Management or Power BI tool is a plus

Industries:Accounting, Capital Markets, Marketing & Advertising