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Client Financial Associate at FCB

Posted in Other 30+ days ago.

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Type: Full Time
Location: New York City, New York





Job Description:

The Client Financial Analyst is the primary day-to-day contact for the financial and operational matters detailed below. The Associate Financial Analyst acts as the representative of agency finance and interacts regularly production and account teams as well as agencies shared service center and clients where appropriate. The Associate Financial Analyst is responsible for proactive job cost management and for the successful completion of the tasks below for their assigned clients. The Associate Financial Analyst must understand and comply with Client Contracts as they relate to compensation, billing, compliance, financial reporting and other deliverables.

ESSENTIAL FUNCTIONS

SPECIFIC DUTIES

* Day-to-Day Financial Management of Accounts

o Job maintenance (opening, closing and locking jobs as appropriate)

o Proactively manage all billable and non-billable jobs (including media)

o Monitor, open, and close jobs

o Work with agency teams in order to collect and enter estimates

o Follow up on estimate approval status and necessary revisions

o Manage and report on estimate vs actual for all jobs, taking appropriate action when WIP is at risk

o Monitor OOP expenses and prepare necessary job-to-job expense transfers

o Monitor open purchase orders and ensure vendor invoices are received timely

o Monitor cleared and uncleared media and notify teams as appropriate

o Continually manage WIP exposure

o Monitor labor hours against correct jobs and prepare transfers as appropriate

o Effectively communicate job numbers to teams as appropriate

o Communicate areas of concern and follow up until resolved

o Schedule and lead monthly billing/job status meetings

o Coordinate monthly billings with shared service center ensure billing is completed timely and within client billing deadlines, check invoices for accuracy and ensure the integrity of client billing contract requirements

o Monitor AR Collection - pursue timely collection with continuous client follow up and escalate collections issues as necessary

* Financial Reporting

o Prepare and analyze monthly Accounts Receivable (AR) and Work in Process (WIP) reports

o Prepare monthly Unbillable Reports and necessary journal entries

* Ad hoc Reporting and Miscellaneous Client Specific Duties as Required

* Adhere to FCB Health and IPG policies (SP&Ps) and procedures

EDUCATION
Bachelors Degree required, Finance Degree preferred

EXPERIENCE
0 to 2 years Accounting/Finance experience

Highly proficient in Excel (vLookup, pivot tables, etc,), database proficiency preferred

Superior verbal and written communication skills

Ability to multi-task and prioritize

Superior problem solving skills

Ability to understand scope of projects assigned

Ability to think critically about issues

Ability to work under pressure