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Full-Time

Senior Finance Manager

Posted on 7/1/2024

Sotheby’s

Sotheby’s

1,001-5,000 employees

Auction house for fine art

Real Estate
Consumer Goods

Compensation Overview

$110k - $125kAnnually

+ Discretionary Bonus

Senior

New York, NY, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
SAP Products
Requirements
  • 8 Years Experience Required
  • Certified Public Accountant or Chartered Accountant Required
  • Experience in lease and fixed asset accounting
  • Excellent communication (written and spoken) and interpersonal skills to build positive relationships both within finance and with stakeholders at all levels
  • Proven team management skills
  • Excellent computer skills including Excel
  • Experience of SAP a plus
  • Some knowledge of Sotheby’s or the art industry, its culture and services beneficial
Responsibilities
  • Partner with the relevant Division Heads and Finance Directors to ensure the full P&L budgets for the Divisions worldwide are appropriately managed. This includes working with regional counterparts as appropriate to ensure consistency.
  • Prepare the Divisions’ annual financial plans working in conjunction with Division Heads, Finance Directors, Department Heads and all other relevant stakeholders.
  • Ensure accurate monthly accounting and forecasting, working closely with Finance Analysts, the Heads of Departments and relevant stakeholders. This includes global real estate, capex and lease accounting according to US GAAP.
  • Ensure appropriate processes are in place for departments to effectively manage and control their expenditure, and ensure they are followed.
  • Ensure all Department and Division Heads clearly understand the financial implications of business decisions.
  • Develop appropriate models for evaluating and measuring financial performance and provide analysis as needed.
  • Support Division Heads and Finance Directors in continual improvement of processes/costs
  • Communicate financial performance and any finance related metrics and key performance indicators periodically.
  • Responsible for allocated Balance Sheet reviews, ensuring content is appropriately explained and investigated.
  • Participate in global audits as relevant.
  • Provide ad hoc analysis for leadership to support new initiatives.
  • Ensure journal entries are approved in accordance with Corporate Policy.
  • Preparation and review of account reconciliations on a timely, accurate, and diligent standard.
  • Ensure quarterly Corporate Schedules are accurate and submitted to Corporate Controller’s Group within set deadlines, as relevant.
  • Ad hoc projects and initiatives.
  • Manage of Finance Analysts supporting the same divisions.
  • Create opportunities for professional growth for direct reports.

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 a more private buying experience through its gallery network, catering to clients who value discretion.

Company Stage

N/A

Total Funding

$4M

Headquarters

New York City, New York

Founded

1744

Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
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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.

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