VP, Finance Warner Music Group – LA

Job Description
Warner Music Group Description: 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: The department provides financial reporting, accounting, planning, budgeting, and financial compliance and auditing for the company.

High Level Job Description: Position will partner with the business unit Chief Financial Officer and their Finance team to assist with a broad range of Finance activities.

Detailed Job Description/ Responsibilities:
Work closely with CFO and Finance staff to execute the functions listed below. Overall supervision of Finance department staff (currently 3) including review of their areas, training, etc.
Overall annual Budget preparation and quarterly forecasts (P&L, balance sheet & supporting schedules)- including reviewing key areas prepared by each staff and preparing P&L roll up and reviewing against comparable periods.
Quarterly and monthly closes – involves coordination with various shared service groups, review of staffs areas and overall compilation and review of P&L, balance sheet and supporting schedules. Complete understanding of the current accounting requirements for the completion of internal financial statements.
Weekly quarter P&L flashes and regular frequent updating of key areas of P&L (sales, new business, marketing, A&R, overhead, participation deals). This entails review of the key areas updated by staff, identification of significant variances, potential issues/ trends, and rolling up to a flash P&L for senior management and corporate reporting.
Project and artist profitability analyses – includes a)preparation of deal models for specific deals; b) quarterly profitability analysis by project (both prospective as well as actual results) and c) understanding existing joint venture and participation agreements and reviewing related statements prepared by shared accounting group.
Key involvement in maintaining sufficient control environment at Company – including SOX compliance, approvals over purchases and payments, accounts payable interaction, maintain control/approval matrix.
Interaction with key departments to provide financial assistance/information, troubleshooting, process improvement, efficiencies, cost savings.

Interaction with Corporate office in NY involving quarterly review calls of financial statements, weekly flashes, forecast reviews, significant involvement in system integrations.

Required Competencies/Skills:
Strong accounting and finance background with a minimum of seven years of experience. Strong analytical skills, very proficient in systems and excel. The right person for this position must be able to work well under pressure and have the ability to meet deadlines and pay close attention to detail. The position also requires someone who is highly organized with a strong ability to multi-task, a self-starter, but someone who takes direction, works well with change and is a team player.

Special Requirements/Preferences:

CPA desired but not required

Company Description
Warner Music Group Corp. comprises an array of businesses aimed at helping artists achieve long-term creative and financial success while providing consumers with the highest-quality music content available. WMG is engaged in the recorded music business (including artist services) and the music publishing business.WMG is a global leader in national and international repertoire and home to some of the best-known labels in the recorded music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros., Warner Music Nashville and Word. In addition to its U.S. labels, WMG operates through numerous affiliates and licensees in more than 50 countries. Our recorded music business includes our growing artist services business, which offers artist management, merchandising, touring, fan clubs, VIP ticketing, sponsorships and brand endorsements, and numerous third-party solutions that facilitate the sale of music-based content directly to consumers. Our artist services business works with WMG artists as well as artists not otherwise signed to WMG labels. Our primary music publishing business, Warner/Chappell Music, is one of the world’s leading music publishers, with a catalog of more than one million songs from more than 65,000 songwriters, and includes Non-Stop Music, a full service music production library company. In recent years, we’ve grown to become the world’s third-largest recorded music business and third-largest music publishing business and, during a time of dramatic industry transition, have established ourselves as one of the music industry’s most successful companies.

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Posted by Jakomi Mathews on Feb 5 2012. Filed under Jobs. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.