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dentsu · 3 hours ago

Networking Capital Manager

New York

Full-time

Hybrid

Mid, Senior Level

$94K/yr - $152K/yr

Dentsu is a global organization that innovates in the way brands are built. The Networking Capital Manager is responsible for managing the day-to-day performance of balance sheet forecasting, payable management, and variance analysis, ensuring efficient collaboration with the treasury team and operational finance.

AdvertisingInformation ServicesMarketing

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

Normal duties associated with managing staff including but not limited to –

Trains, manages and mentor’s division staff

Assists with setting, evaluating and managing goals

Ad hoc projects as needed

Work on forecasting of balance sheet values for quarterly forecasting process and understand the significant drivers including:

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

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

Qualification

Balance sheet forecastingVariance analysisFinancial process understandingCredit insurance knowledgeCPA certificationAdvanced Microsoft OfficeMulti LingualCFASoft skills