Full-Time

Associate – Commercial Office

Confirmed live in the last 24 hours

Sotheby’s

Sotheby’s

1,001-5,000 employees

Auction house for fine art

Real Estate
Consumer Goods

Compensation Overview

$80k - $105kAnnually

+ Bonus + Competitive Benefits Package

Mid

New York, NY, USA

Category
Corporate Finance
Finance & Banking
Required Skills
Financial analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor degree and high prior academic standing.
  • 3-7 total years of experience. Preferably with 2-3 years of experience in private equity, investing, investment banking, corporate finance, financial planning & analysis, consulting and/or related role.
  • Advanced MS Powerpoint and MS Excel skills are mandatory for this role, must be an MS Excel power user with advanced spreadsheet management/financial model building skills and ability to easily manipulate large volumes of data, build and use advanced macros/pivot tables/v- and h-lookups, etc.
  • Solid communication and interpersonal skills, ability to present a cohesive story or solution.
  • Must deal effectively with ambiguities, differing personalities, and be able to manage multiple projects through completion, often under tight deadlines. Flawless attention to detail and ability to consistently generate a high-quality work product.
  • Motivated, creative and conscientious self-starter who appreciates challenges and takes ownership to improve the status quo.
  • Prior art experience not required, but must exhibit an interest in the business and seek opportunities to initiate (without being instructed) new analysis or projects.
  • Must be focused on continuous improvement with an ability to add value and efficiencies across all current practices.
Responsibilities
  • Develop deal structures and economics for complicated and high-value transactions to serve the needs of clients, counterparties, and Sotheby’s, both at auction and privately.
  • Serve as a key point of contact for all financial deals working directly with the Chief Financial Officer, Chief Commercial Officer, and Specialist Departments.
  • Track relevant outstanding and past transaction-related arrangements with clients globally in connection with Specialists, Business Directors, Legal, Finance, and Senior Management.
  • Adeptly guide and interface with business managers / directors, specialists, and clients on high volume, fast-paced transactions to promote thoughtful deal structuring and profitability.
  • Prepare and maintain materials to be presented to Senior Management and Board of Directors as updates on key initiatives.
  • Perform deep-dive analyses into historical actuals against forecasts and plan.
  • Lead cross-functional strategic projects and collaborate with key stakeholders to streamline processes, further move into new business channels, and expand the digital landscape.
  • Perform ad-hoc analyses and various other reporting for Senior Management and Board of Directors.

Sotheby's is a global auction house that focuses on selling fine art, luxury items, and collectibles. It serves a variety of clients, including private collectors and investors, by organizing both live and online auctions, as well as offering private sales for direct transactions. Sotheby's makes money through commissions on sales and fees for appraisals. The company is distinguished by its expertise in valuing rare items and providing online estimates to potential sellers. Auctions are held in major cities worldwide, attracting a diverse audience of bidders. Sotheby's also curates special collections and offers private sales for clients seeking a more exclusive experience.

Company Stage

IPO

Total Funding

$4M

Headquarters

New York City, New York

Founded

1744

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Sotheby's groundbreaking $700 million securitization backed by art-secured loans demonstrates their innovative approach to art financing.
  • The company's strategic partnerships, such as with Art UK, enhance their cultural influence and market reach.
  • Sotheby's ability to attract high-profile collections and items, like the Tamotsu Yagi Collection, underscores their strong market position and appeal to elite collectors.

What critics are saying

  • Recent layoffs in the UK and potential further cuts could indicate financial instability and affect employee morale.
  • The departure of key figures, such as Brooke Lampley, may lead to a loss of expertise and impact the company's leadership in certain art categories.

What makes Sotheby’s unique

  • Sotheby's dual approach of live and online auctions, along with private sales, allows them to cater to diverse client preferences, unlike competitors who may focus solely on one method.
  • Their global presence in major cities like New York, London, and Hong Kong ensures a competitive market and attracts a worldwide audience, setting them apart from regional auction houses.
  • Sotheby's expertise in valuing and selling rare and valuable items, combined with their online estimate service, provides a unique value proposition for potential sellers.

Help us improve and share your feedback! Did you find this helpful?