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Financial Analyst FP&A
Warner Music Group
New York, NY, United States
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Job 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, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Warner Bros., Warner Classics, and Warner Music Nashville; Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide.
For more than four decades, WMG has been an industry-leading force in providing a world-class array of services designed to help artists and labels grow their careers and their businesses. Artist & Label Services is the umbrella for WEA (Warner-Elektra-Atlantic) – the pioneering WEA distribution and marketing network – and Alternative Distribution Alliance (ADA) – the groundbreaking global distribution company for independent artists and labels.
A little bit about our team:
The Corporate Finance Department at WMG is responsible for overseeing all of the financial operations of the company in partnership with the finance groups within the labels and individual companies within WMG. The department provides financial reporting, accounting, planning, budgeting, and financial compliance and auditing for the company. The department is filled with fun, outgoing and overall successful individuals who work hard all while enjoying the perks of working in the Music Industry.
Why this could be your next big break:
Warner Music Group is excited to offer our new opportunity in the Finance team. The Analyst in this role will provide an exciting opportunity to rotate between the consolidations and financial reporting team over two years. Within each rotation, there will be target skills that the Analysts will acquire and new goals for each position to work towards. This position utilizes hands-on accounting experience and solid understanding of accounting principles and WMG’s policies/procedures to facilitate the day to day consolidations accounting and reporting processes. This position reports to the Senior Manager.
Here you’ll get to:
During the one year rotation in financial reporting, Analysts will engage in:
Analysis
• Develop an understanding of the general ledger account structure, affiliate hierarchy, and company operations
• Review and analyze monthly and quarterly actual results to understand unusual variances
• Prepare and maintain recurring source files, primarily in Excel with HFM Smart View functionality, which are leveraged for analysis of results and are the basis of senior management reporting
• Prepare monthly review packages for senior management for both actual and forecast results
• Assist in preparation of monthly Board of Director presentation decks for both actual and forecast results
• Liaise with Consolidations and External Reporting regarding financial results to ensure presented uniformly across the Company
• Monthly areas of investigation and analysis over Recorded Music segment include, affiliate specific P&L performance compared to annual budget, consolidated P&L performance compared to annual budget and prior year by revenue and cost type, including margin analysis, affiliate specific direct cost evaluation, top seller review, and streaming analysis.
• Monthly areas of investigation and analysis over Music Publishing segment include, overview of segment performance compared to annual budget and prior year, consolidated P&L performance compared to annual budget and prior year by revenue and cost type, including margin analysis, and consolidated direct cost review.
• Monthly areas of investigation and analysis over Corporate segment include, overview of segment performance compared to annual budget and prior year, review of performance compared to annual budget and prior year by department, and consolidated overhead commentary.
Bonus
• Coordinate and interact with global affiliate Finance executives to identify, evaluate, and appropriately treat adjustments to the WMG discretionary bonus calculation.
• Prepare and maintain source files, primarily in Excel with HFM Smart View functionality, which are leveraged for calculation of the WMG discretionary bonus payout.
• Participate in review meetings with senior Finance, HR, and Recorded Music leadership teams quarterly to assess the global WMG discretionary bonus calculation.
• Partner with HR to ensure that the bonus accrual globally is accurate through the quarterly reconciliation process.
Overall
• Develop and maintain effective working relationships with UK FP&A counterparts, Recorded Music finance teams globally, Shared Services Accounting, Consolidations, External Reporting, Cash Analysis, Treasury, Corporate Services, Investor Relations, and other key financial team members
• Prepare ad hoc reports, special projects, and analyses for senior management, as requested
Rockstar candidates will be able to:
• Bachelor’s degree in Accounting or Finance
• 1-2 years of professional experience
• Big Four public accounting or large multi-national experience preferred
• CPA candidate required
• Strong computer skills with knowledge of financial systems and software
◦ Proficient with MS office (Excel, PowerPoint and Word)
◦ Knowledge of Hyperion Financial Management is a plus
It would be music to our ears if you also had:
• Strong work-ethic and a self-starter with effective organizational skills with attention to detail who proactively seeks out new solutions
• Demonstrates problem solving, decision making, and continuous process improvement skills
• Ability to multi-task and prioritize projects. Ability to work under pressure and meet deadlines
• Demonstrates partnering, influencing, and communication skills up and down the organizational structure to convey key elements in a concise and positive manner
• Ability to communicate clearly and translate data-driven analyses into concise materials and actionable recommendations
• Ability to work proactively, independently, and as a strategic partner in a team environment
• Ability to find and implement efficiencies within tasks successfully
• Demonstrates critical thinking and dedication to deepening understanding of work being done
• Passion for music and desire to build a career in Finance
Why join us?
Warner Music Group is all about our people. We are one global company made up of the most knowledgeable, passionate, and creative people in our business.
It is the mission of every member of the WMG team around the world to create a nurturing environment for artists, songwriters, and the people behind the music, every stage of their career. We strive to set WMG apart from the rest of the industry by embracing a philosophy of innovation that is part of our company's DNA.
Consider a career at WMG and be a part of one of the biggest forces in music today.
Love this job and want to apply?
Click the “Apply” link at the top of the page, or apply directly with your LinkedIn. Applying with LinkedIn will import all of the information you put in your profile, but will still allow you to upload a resume and cover letter.
Don’t be discouraged if you don’t hear from us right away. We’re taking our time to review all resumes, and to find the best people for WMG.
Thanks for your interest in working for Warner Music Group. We love it here, and think you will too.
Warner Music Group is an equal opportunity employer. We enthusiastically accept our responsibility to make employment decisions without regard to race, religious creed, color, age, sex, sexual orientation, gender, gender identity, gender expression, national origin, ancestry, marital status, medical condition as defined by state law (genetic characteristics or cancer), physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, genetic information or any other classification protected by applicable federal, state or local laws or ordinances.
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