Director, Finance & Accounting - The Orchard at Orchard

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Bachelor’s degree in accounting with 5-7 years of experience in financial accounting, audit, and internal controls. CPA preferred
Strong proficiency in MS Excel, including the ability to write complex formulas (intermediate to advanced level)
Proficiency in SAP and Quickbooks required
Professional working proficiency in Spanish is preferred but not required, as the role involves reading Spanish contracts and collaborating with the label finance team
An excellent communicator and enthusiastic collaborator who works well with team members, external partners, and management
Open minded with a passion for learning. Curious, asks questions and gets excited about new projects
A thoughtful, organized and results-oriented professional
Thorough and thoughtful in approach to problem solving
Able to adapt quickly to a changing environment with minimal disruption
Office-first role, requiring 4 days a week in the office
Monthly travel to meet with labels' finance teams is required

Responsibilities

Collaborate with finance teams of priority labels to review and understand monthly financial reporting results, including new deals, investments, acquisitions, and significant P&L fluctuations against forecasts, budgets, and historical data
Support Sony Music Global Finance with reporting and financial analysis requests related to label activities (touring, merchandise sales, publishing, etc.)
Prepare P&L commentaries and present monthly results to the team and management
Collaborate with labels' finance teams to understand their daily accounting processes and policies. Identify areas for improvement and ensure alignment with IFRS and Orchard/Sony Music policies
Review contracts to identify factors impacting accounting treatments (e.g., principal vs. agent, revenue sources for artist royalty recoupment, contingent vs. non-contingent commitments)
Participate in the month-end close process by recording labels' monthly financial results in the Orchard ERP system, including management adjustments to comply with IFRS and Orchard/Sony Music accounting policies
Prepare journal entries, balance sheet reconciliations, and balance sheet disclosure schedules
Participate in new integration efforts for newly acquired companies and/or investments requiring financial consolidation accounting treatments

Skills

Key technologies and capabilities for this role

Financial ReportingFinancial AnalysisP&L ManagementIFRSMonth-End CloseContract ReviewAccounting ProcessesBudget AnalysisForecastingRevenue RecognitionPrincipal vs AgentSony Music Policies

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

This is an office-first role requiring 4 days a week in the office, with monthly travel to meet with labels' finance teams.

What qualifications and skills are required for this position?

Candidates need a Bachelor’s degree in accounting with 5-7 years of experience in financial accounting, audit, and internal controls; CPA is preferred. Required skills include strong proficiency in MS Excel (intermediate to advanced), proficiency in SAP and Quickbooks, and professional working proficiency in Spanish is preferred.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at The Orchard?

The Orchard focuses on providing a comfortable, social, and engaging environment to encourage productivity and creativity, supported by an exceptional community of music lovers and experts.

What makes a strong candidate for this Director role?

A strong candidate will have a Bachelor’s degree in accounting, 5-7 years of relevant experience including financial accounting, audit, and internal controls, CPA certification (preferred), advanced Excel skills, proficiency in SAP and Quickbooks, and preferably Spanish proficiency for reviewing contracts.

Orchard

Streamlines home buying and selling process

About Orchard

Orchard operates in the residential property market, focusing on making the process of buying and selling homes more efficient and less stressful for clients. Their main service is the 'Move First' approach, which allows clients to purchase a new home before selling their current one, alleviating the pressure of coordinating both transactions. This is supported by a guaranteed back-up offer that provides security for sellers. Additionally, Orchard offers free home valuations that are claimed to be 30% more accurate than typical valuations, helping clients understand property values better. Unlike traditional real estate agencies, Orchard's unique services and focus on client convenience may allow them to charge a premium for their offerings. The goal of Orchard is to simplify the home buying and selling experience, making it more accessible and less daunting for individuals and families.

New York City, New YorkHeadquarters

2017Year Founded

$228.6MTotal Funding

SERIES_DCompany Stage

Real EstateIndustries

501-1,000Employees

Benefits

Comprehensive benefits - We offer medical, vision, and dental benefits for employees and dependents, with some plans fully sponsored by Orchard.

Paid parental leave - We offer new parents up to 18 weeks paid leave to bond with their newborns—plus a customized one-month transition period to ease into life as a working parent.

Paid family leave - We offer up to 10 weeks paid leave for employees who need to care for sick family members.

Flexible paid time off - We count your contributions, not vacation days. Take the time you need to recharge and refresh.

Team events - From monthly town hall meetings to team lunches and gatherings outside of the office, we make time to celebrate wins and unwind together.

Paid industry certification - We cover dues on licenses and renewal fees for brokers, realtors, and more.

Risks

Rising interest rates could deter potential homebuyers, impacting Orchard's core business.

iBuying platforms like Opendoor pose competitive threats to Orchard's 'Move First' approach.

Expansion into new markets may strain Orchard's resources and operational capabilities.

Differentiation

Orchard's 'Move First' approach allows clients to buy before selling their current home.

They offer free home valuations claimed to be 30% more accurate than competitors.

Orchard provides a comprehensive suite of vendor partner services for home improvement.

Upsides

Orchard ranks in the top 10 fastest-growing real estate companies in the U.S.

Expansion into Arizona, Oregon, and Washington opens new market opportunities.

Increased demand for digital real estate transactions aligns with Orchard's tech-driven model.

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