WMG: VP of Finance
Warner Music Group
Position: VP of Finance
Location: New York, NY
Type: Full Time
About Warner Music Group: With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word, as well as Warner/Chappell Music, one of the world’s leading music publishers, with a catalog of more than one million copyrights worldwide.
Department Description: Artist Arena is a leading Artist to Fan Services Company. Artist Arena utilizes advances in technology to create new income and promotional opportunities for today’s biggest recording artists. Artist Arena also specializes in the needs of emerging and re-emerging artists.
High Level Job Description: The Director of Finance is responsible for accounting/financial reporting, debt financing, and preparing annual budgets. S/he will provide executive leadership to his/her team to ensure the success of the company’s business plans and objectives. The ideal candidate will reach financial performance targets and increase profitability for the company.
Detailed Job Description/ Responsibilities:
-The VP of Finance works closely with the CEO in performing long-term financial planning and analysis aimed at identifying risks and opportunities with the company.
-The VP of Finance will provide leadership and executive oversight for financial and support operations, financial and budget planning, auditing, cash and investment management, accounts payable and procurement process
-Recommend and implement accounting system/software
-Provide overall operational and financial support to the SVP Operations and department heads.
-Compile Artist Arena’s quarterly and annual financial statements and prepare an analysis of all financial information.
-Coordinate with Warner corporate contacts on statements, budgets and forecasting
-Ensure all client settlements are composed, approved and paid out in a timely basis, or in accordance with set deadlines.
-Prepare financial analysis’ to show the financial impact of proposed price changes, discount programs and other incentives/disincentives on sales
-Coordinate financial audits and provide recommendations for procedural improvements.
-Analyze, forecast and evaluate spending levels relative to projected annual revenues.
-Provide training, guidance and support to assist employees to reach their full potential.
-Highly proficient in Excel; Prior experience with financial and accounting reporting systems is a plus.
-Knowledge of finance, accounting, budgeting, and cost control principles.
-Strong organizational skills with ability to multi-task
-Strong technical and analytical skills.
-Excellent interpersonal and management skills
-Accurate eye for detail with the ability to see the big picture.
-Ability to analyze financial data and prepare financial reports, statements and projections.
-Knowledge of small-business/enterprise solutions
-B.A. in Finance, Accounting or Business with strong Accounting experience.
-Master’s degree in Finance/Accounting and or/CPA strongly preferred
-5-8 years’ experience in a mid to senior level finance or accounting position