Networking Capital Manager

Job Description:

The purpose of this is to own the day-to-day performance of dentsu America’s balance sheet forecasting, payable management and variance analysis with   oversite from the Treasury head and the Controller. Normal activities include but are not limited to, quarterly forecast, payables review, monthly variance analysis and continuous improvement.

Key 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

Recruiting Job Description

We are Dentsu. We innovate in the way brands are built. That means we do things differently to make them better than they were before. In this way, we ensure that our clients' most important marketing assets - their brands - win in a changing world. Dentsu innovates the way brands are built for its clients through its world-class expertise and capabilities in media, customer relationship management and creative communications services. Dentsu operates in 145 countries around the world with more than 50,000 dedicated specialists. 

The Senior Working Capital Manager is responsible for managing the obligations for short term forecasting and operational financial approvals for dentsu America and local affiliates. 

Working capital specific duties

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

Client & Internal Relationships:

• 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

Strategic Thinking & Leadership:

• 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

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