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Full-Time

Head of Finance

Posted on 6/11/2024

Sony Music Entertainment

Sony Music Entertainment

5,001-10,000 employees

Global music company managing artists and royalties

Financial Services
Entertainment

Senior, Expert

London, UK

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • Professional finance qualification – ACA, CIMA or ACCA
  • Previous experience overseeing and delivering month- and year-end processes
  • Previous experience in accounting within the entertainment industry
  • Proficient in Microsoft Office especially Excel
  • Experience being hands-on in all aspects of financial activities and control
  • Comfortable in a changing environment, and willingness to implement change
  • Ability to work effectively under pressure and prioritize workload
  • Ability to drive efficiencies in processes and workflows across the finance function to increase the quality of financial and management information
  • Must be a team player and able to develop excellent relationships with both finance and non-finance stakeholders
Responsibilities
  • Oversight and preparation of monthly management accounts for the UK business
  • Maintenance of the UK project pipeline and activity phasing
  • Review & approval of expenses in SME’s purchase order system
  • Preparation & review of overhead recoveries
  • Reviewing monthly freelancer payroll
  • Inventory accounting under IFRS for merchandise side of the business
  • Overhead allocations for Podcast Division in the UK
  • Review & approval of employee expense reports
  • Maintenance of banking relationship with current provider
  • Oversee staff accountant’s work including monthly balance sheet reconciliations
  • Main point of contact for audit
  • Preparation of financial statements and accompanying notes under UK GAAP
  • Preparation of taxation packs for Sony tax department
  • Review of quarterly VAT return
  • Company secretarial duties
  • Maintenance of staff resource planner for UK production team
  • Partner with leadership team on modeling of new business
  • Work closely with Legal, review vendor and talent contracts
  • Preparation of quarterly talent profit participation statements
  • Adhoc analysis as directed by Podcast Senior Leadership team
  • Monthly forecasting for UK projects and overheads
  • Annual budgeting for UK business
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 unique 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

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • SME's global reach and partnerships, such as with Pocketpair and Aniplex, offer expansive opportunities for career growth and international collaboration.
  • The company's commitment to nurturing new talent through internships and career opportunities ensures a steady pipeline of future industry leaders.
  • Involvement in high-profile campaigns like 'Your Voice, Your Power, Your Vote' highlights SME's influence and commitment to social impact.

What critics are saying

  • The highly competitive music industry requires constant innovation to maintain market leadership.
  • Legal battles against AI companies for copyright infringement could divert resources and impact SME's focus on core business activities.

What makes Sony Music Entertainment unique

  • Sony Music Entertainment's Artist Portal offers unparalleled financial transparency and insights for artists, setting it apart from competitors.
  • SME's diverse revenue streams, including music sales, licensing, and live performances, provide a robust financial foundation.
  • The company's proactive stance against unauthorized AI training on its music catalog demonstrates a strong commitment to protecting artists' rights.

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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