Financial Controller
Publicis Groupe
Sandton, South Africa
6d ago

Company Description

Part of one of the world’s largest communications holding companies, we are the fastest growing network of communication agencies in Africa.

We’ve sought out the best agencies in each country to form teams that are diverse, homegrown, and undeniably African.

We are bold and dynamic and filled with ambition and growth. We are mobile and technically connected. We think local on a global scale.

We are the future of the brand exposure landscape across the African continent. A global network not just built for Africa.

Job Description

Responsibilities Local and global management reporting

  • Prepare and present monthly financial reports to the MD of the Agency
  • Prepare and present monthly client profitability reports and follow up key findings in the reports
  • Ad-hoc financial analysis for MD
  • Monitor monthly spend vs budget
  • Monthly actuals reporting to Global Group; Checking balance sheet recons to ensure items are cleared promptly; Checking allocation of house costs in NAV and ensuring relevant accruals are raised;
  • Prepare analytical review of monthly results and balance sheet

  • Periodic Budget preparation; Collating the revenue forecasts from the Client service heads; Prepare the payroll costs forecasts with input from the Agency Head of Talent;
  • Forecast overhead costs; Analyze variances vs Commit / previous Forecast

    Revenue

  • Complete monthly revenue reconciliation and ensure all necessary take-ups are done / journals are processed so that NAV ties up to revenue recon prior to flash reporting at 12 noon on the first working day of each month
  • Monitor retainer billings during each month to ensure that all retainers are billed prior to billing cut off
  • Prepare analysis of revenue overs / unders vs forecast by client and revenue type
  • Monitor accrued and deferred revenue to ensure cleared on a timely basis
  • Job management

  • Monitoring work in progress to ensure that : No external cost are incurred prior to client approval; Non-billable costs are written off to Income Statement timeously;
  • Finished jobs are reconciled and closed promptly

  • Perform final check of all jobs marked for closure and send workflow to Resources to close
  • Balance sheet and FMC files

  • Review and approve balance sheet recons and ensure reconciling items cleared quickly
  • Approve non-recurring journals, three-way payroll recons, S-forms, CSR reporting prepared by SSC
  • Accounts receivable

  • Monitor debtors Age Analysis and ensure effective follow up of overdue balances is being done by Resources
  • Overhead cost control

  • Approve variable cost expenditure prior to spending to ensure that overheads stay within budget
  • Ad hoc

  • Coordinate with FMC auditors and Internal audit to provide them with the pre-work requested, support documentation and explanations required
  • Submit monthly input to PGA in order that they can prepare the monthly PiCT report (self-analysis of adherence to Internal control requirements)
  • Approve credit billing instructions
  • Qualifications

    The successful candidate must have / be :

  • Relevant Degree (B.Com Finance or equivalent)
  • Adverting / marketing agency experience essential.
  • Job Location

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