Full-Time

VP – Finance Sony Music Vision

Posted on 7/29/2024

Sony Music Entertainment

Sony Music Entertainment

5,001-10,000 employees

Global music company managing artists and royalties

Consumer Software
Entertainment

Compensation Overview

$185k - $225kAnnually

Expert

Culver City, CA, USA

Category
Corporate Finance
Finance & Banking
Required Skills
Sales
Communications
SAP Products
Requirements
  • You have a Bachelor's degree in Finance, Accounting, Business Administration, or related field; MBA or CPA preferred.
  • You have a minimum of 10 years of progressive experience in financial management roles within the Film & TV or related entertainment sector (music industry a plus), with at least 5 years in a leadership capacity.
  • You have a proven track record of success in financial planning, analysis, and reporting, with deep understanding of Film & TV industry economics, revenue streams, and deal structures.
  • You have a strong understanding of financial accounting principles and proficiency in financial modeling, forecasting techniques, and financial software applications (e.g., SAP including IP and BPC, Power BI, Excel).
  • You have excellent analytical skills and attention to detail, with the ability to synthesize complex financial data into actionable insights and recommendations.
  • You have demonstrated strategic thinking skills and business acumen, with the ability to anticipate market trends, assess competitive landscapes, and execute strategies to optimize financial performance.
  • You have exceptional leadership, communication, and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
  • You have strong integrity, ethics, and commitment to upholding the highest standards of financial integrity.
Responsibilities
  • Lead financial planning, budgeting, forecasting, and reporting, including monthly, quarterly, and year-end close activities, forecast and budget submissions, journal entry and expenditure preparation and approvals, compensation planning, and cost management.
  • Collaborate with cross-functional teams such as Production Operations, Sales & Distribution, Business & Legal Affairs, People Experience, and multiple SME Record Labels to guide F&TV financial operations across the globe.
  • Support Production Operations in the review, tracking, and oversight of production budgets, cost reports, and funding schedules.
  • Perform deal analysis for new F&TV projects to optimize profitability and minimize financial risks.
  • Interface with Global Finance, Corporate Shared Services, and SME Record Labels to ensure accurate and timely financial reporting and compliance with company policies & procedures and industry standards.
  • Liaise with Royalty and Joint Venture Accounting in connection with review, approval, and timely rendering of statements to artists, producers, and other third parties.
  • Prepare presentations of SMV performance, key financial metrics, risks and opportunities for meetings with business unit and corporate senior executives.
  • Stay abreast of industry trends, market developments, and emerging technologies to inform strategic financial decisions and drive innovation within the organization.
Sony Music Entertainment

Sony Music Entertainment

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Sony Music Entertainment is a major player in the music industry, offering a wide range of services to artists and music fans. The company focuses on discovering and promoting musical talent while managing music rights and royalties. It generates revenue through music sales, including physical albums, digital downloads, and streaming, as well as licensing deals for use in films and commercials. Live performances and tours also contribute to its income, along with managing artists' royalties to ensure fair compensation. A key feature is the Artist Portal, which provides artists with tools to analyze their earnings and make informed decisions about their careers. Sony Music is dedicated to nurturing new talent through internships and career opportunities, ensuring a pipeline of future industry leaders. Overall, Sony Music Entertainment stands out for its comprehensive approach to talent management, music production, and financial transparency.

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

N/A

Headquarters

New York City, New York

Founded

1929

Simplify Jobs

Simplify's Take

What believers are saying

  • Collaboration with Duolingo opens new revenue streams in educational platforms.
  • Investment in blockchain enhances digital rights management and monetization opportunities.
  • Restructuring in GSA markets leads to efficient operations and innovative strategies.

What critics are saying

  • AI-generated music could disrupt traditional music production and artist management.
  • Independent distribution platforms may reduce artists signing with major labels like Sony.
  • Legal battles over streaming royalties could impact Sony Music's revenue.

What makes Sony Music Entertainment unique

  • Sony Music's Artist Portal offers unique financial insights for artists' careers.
  • The acquisition of Cobalt Music expands Sony's influence in the Greek music market.
  • Sony Music's Global People Promise initiative integrates music with technology and culture.

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Benefits

You join an inclusive, collaborative and global community where you have the opportunity to fuel the creative journey

A modern office environment designed to foster productivity, creativity, and teamwork

An attractive and comprehensive benefits package including medical, dental, vision, life & disability coverage, and 401K + employer matching

Voluntary benefits like company-paid identity theft protection and resources for pets, mental health and meditation resources, industry-leading fertility coverage, fully paid leave for childbirth or bonding, fully paid leave for caregivers, programs for loved ones with developmental disabilities and neurodiversity, subsidized back-up child and elder care, and reimbursement for adoption, surrogacy, tuition and student loans

We invest in your professional growth & development

Time off for a winter recess

INACTIVE