Today, we’re speaking to a member of a different team than usual, assistant management accountant Victor Olaoye. During our conversation, Victor tells us why he believes people shouldn’t hold technological changes at arm’s length but instead should be open to embracing radical developments.

What led you to a career in media?

I’ve always been intrigued by the work of the media industry. Finance is my skillset, having studied accounting and finance at university, but I was attracted to the fast-paced environment and creative outcomes of the media industry. I’ve always been intrigued by commerce, reading in the press about how products are launched. A role in finance gives me access to those people who are making decisions about how organisations are run.

I had worked at an arts organisation with visitor attractions and a retail trading arm where I supported the financial operations for visitors and customers. What attracted me to MI Media was that, as an independent agency, the work is well-rounded and there are opportunities to collaborate with colleagues in different departments. It’s an agency that supports people to do the best work they can do.

 

What does a typical day look like for you?

My role as an assistant management accountant is a balance of influencing people’s behaviour to get the best outcome for the teams as well as the best outcomes against our financial targets. Day-to-day tasks include things like allocating funds as part of the bank reconciliation process and reviewing our media plans against billings. This helps us account for revenue and ensure that things are done in the right way. Depending on the outcomes of these tasks I then look to initiate changes and follow up with colleagues across the agency.

 

What is your proudest moment at MI?

When you’re working in the day-to-day, it’s easy to be distracted by the impact you’re having on the eventual outcome. I’m really proud of the work I’ve done managing our pool of debtor accounts from clients and seeing the impact it’s had on our liquidity. I find it really rewarding to see the wider effect of what I’m doing on the success of the business.

What advice would you give to someone looking to become an assistant management accountant?

First and foremost, read the financial press. Finance is a broad industry; you might discover a niche that you find compelling. Reading the press broadens your perspectives and allows you to learn about the narratives that drive the industry.

I also think that conferences and events are good spaces to learn about new developments in the industry. Earlier this year I attended MADFest which really took me out of my immediate comfort zone. Yes, my role is in finance, but finance supports the advertising industry. The event featured a range of speakers from the industry covering broad themes that had implications on the finance function. The pool of people to network with was wider there as well, I found it stimulating to attend.

 

What mistake have you learnt the most from?

Many of us are operating in a fast-evolving environment with developments in tech and AI. You can fall into the trap of saying that it’s something that is happening elsewhere and it’s not going to affect me. My take on that is to be open to radical developments. While yes, initially, these developments might be someone else’s responsibility and your inclination might be to keep them at arm’s length, I think people should learn to embrace them. You never know when it might help you in your day-to-day. I find that online courses and self-practice are important to understanding the implications technology can have in finance and keeping me up to speed with that.

 

Who’s your role model and why?

I have a passing interest in current affairs, so my role model is Barack Obama. I particularly liked his policy of implementing universal healthcare. This is something we take for granted in the UK. In the US, Obama was met with a lot of resistance to universal healthcare. But he strove for the highest ideal and I admire that. Obama also extends his influence in other ways than the political, each year he publishes a list of his favourite writers. Despite the responsibilities that rest on his shoulders, he still finds the space for creativity and time to lend his platform to established and emerging writers.

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