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VP Finance, TV Distribution, EMEA
Sony Pictures
London, , United Kingdom
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VP Finance, TV Distribution, EMEA
Please note that this role is based in the United Kingdom. In order to enable us to meet statutory and regulatory obligations of the United Kingdom immigration system you must have the appropriate immigration permission needed to work and reside in the United Kingdom.
General Summary
The VP Finance is responsible for all finance activities in EMEA for TV Distribution including financial planning and budgeting, reporting, financial control, compliance and accounting as well as managing the finance teams onsite and offsite with direct and indirect reports in UK, Germany, France, and Spain.
This role works closely with the Senior Distribution team as a strategic advisor and business partner to the operating heads, proactively providing relevant information for tactical decision making, and insight to bridge company strategy, operations and financial performance.
Reporting directly to the SVP, Finance for TV Distribution with indirect reporting to the EVP EMEA TV Distribution, this role is accountable for fulfilling line of business support, financial oversight, corporate accounting and finance responsibilities, including liaising with HO finance teams in LA as required and providing information requests as directed.
• Financial planning, reporting, analysis, special projects and business development related to EMEA Distribution including; annual budgets and re-forecasts, mid-range financial plans, flash and monthly reports.
• Managing the Billing, Credit, Collections and Cash for SPT EMEA’s Distribution Customers.
• Oversight of US GAAP and statutory financial reporting for EMEA Distribution entities.
• Compliance with all internal and external reporting policies, including tax compliance.
• Managing and developing a team of finance professionals and oversight of Shared Service (GBS) supported activities in Poland.
• Some travel is required.
Breakdown of Key Responsibilities:
1. Planning, Budgeting and Forecasting – Prepare annual budget, quarterly and monthly forecasts and mid-range plans covering Sales and Revenue, P&L and Cash in close coordination with Distribution, the EMEA local offices and Home Office/London finance, including developing relevant assumptions. This includes detailed analysis and communication of performance versus plan, and business strategy support. Identify and communicate relevant risks and opportunities.
2. Financial Reporting and Accounting – Responsible for accurately reporting financials, ensuring all month-end processes and controls are performed, reviewed and submitted as necessary within the required timeframe (including P&L, Balance Sheet and Cash flow). Includes analysis of income statement, balance sheet and cash flow and variances to budgets/forecasts and ad hoc requests as required. Responsible for complying with accounting standards under relevant local and US GAAP, and SOX controls, and providing relevant audit support. Liaise with the SSC in Poland as necessary. Coordinate and action local tax, treasury and audit requirements, including ensuring all risks and issues are addressed in respect of the setup of operations in new territories Act as regional liaison with SPE’s Tax, Treasury, Credit, Information Technology & Internal Audit functions.
3. Receivables, Credit and Collections - Oversee the Billing, Credit & Collections, and Cash for Distribution customers. Review accounts receivable with local Management and coordinate with Home Office as required for reserves, credit risk, and collection activity. Work with Tax, Legal, and HO/London for collection plans, and ensure that Credit policy is applied.
4. Business Support/Other –Proactively provide clear, understandable and meaningful business and financial insight and ad hoc analyses to line of business heads and senior finance management to support informed business decisions; Support deal analysis and long-range strategic financial analyses.
5. Finance Function Management and staff development – Recruit, retain and develop a high performing team, setting high standards and performance goals for each member. Actively participate/contribute as part of the Senior global TV Distribution team across worldwide locations.
6. Identify and implement process improvements, tools and systems to provide enhanced financial and operational information.
Successful candidates must have and/or demonstrate:
Knowledge/Skills/Abilities:
• Extensive experience in the EMEA TV Distribution markets.
• Must have a sound understanding of the TV, Studio, and/or Digital industry.
• The ideal candidate will have a mix of financial management experience including financial reporting, internal and operational controls, budgeting, and forecasting, planning and business development.
• Critical thinker and business partner with excellent written and verbal communication, and executive meeting presence, and is able to communicate effectively with senior operational and financial management.
• Proficient knowledge of GAAP standards, and experience in overseeing all facets of month end close including financial statement preparation and variance analysis, general ledger reconciliation.
• Windows, Excel, Word, and PowerPoint; SAP financial system experience preferred.
• Ability to operate effectively in a deadline driven environment, managing competing priorities and independently managing projects through completion.
• Strong organization skills, attention to detail and accuracy.
• Proactive, self-starter and independent thinker, with strong ability to collaborate across team environment.
• Ability to travel regularly overseas.
Experience:
• Typically 8+ years Distribution Finance experience in Media/Television industry.
• Typically 8+ years Management experience including managing, developing and leading staff in multiple locations, as well as optimizing and re-organizing teams to most effectively meet business needs.
Education:
• Bachelor’s degree in Accounting/Finance is required.
• Chartered Accountant preferred and MBA is a plus.
Sony Pictures Entertainment is committed to equal opportunity in all its employment practices, policies and procedures. No worker or potential worker will therefore receive less favourable treatment due to his or her race, age, creed, sexual orientation, colour, nationality, ethnic origin, disability, religion, gender, marital status or Trade Union membership (if applicable).
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