Finance Manager at Sotheby’s

Hong Kong

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Art, Luxury Goods, AuctionsIndustries

Requirements

Degree level or equivalent in Accounting
HKICPA / ACCA / ACA qualified
7+ years of solid accounting and auditing experience (either gained through practice or industry)
Fluency in English and Cantonese/or Mandarin (must be able to read and write Chinese)
Previous experience with SAP is a plus
Excellent verbal and written communication skills
Good organizational skills with the ability to meet deadlines
Detail-oriented with a high demand for quality of work
Ability to maintain confidentiality and preserve the integrity of sensitive information/data
Ability to work under pressure and with a flexible approach to tasks
Ability to work flexible hours

Responsibilities

Prepare monthly closing for Sotheby’s Hong Kong and Sotheby’s Retail Wine
Prepare analysis and certain balance sheet reconciliations for the two companies
Lead in year-end budget planning and monthly forecast
Liaise with Hong Kong and Global auditors for local audit and group audit
Manage Asia audit performed by the other members of the finance team
Perform commission analysis on complex deals
Prepare tax pack for group reporting
Business partner with Marketing and the Business Director and Managers
Review balance sheet reconciliations prepared by senior accountants
Review and approve journals on SAP prepared by senior accountants
Identify areas of improvement on the current process and implement changes
Participate in ad-hoc duties as requested, including auction-based duties
Operate in line with corporate governance and compliance policies

Skills

Key technologies and capabilities for this role

AccountingAuditingFinancial ReportingSAPBudget PlanningForecastingTax PreparationBalance Sheet ReconciliationsCommission Analysis

Questions & Answers

Common questions about this position

Is this role remote or onsite?

This is an onsite position based in Hong Kong.

What is the salary for the Finance Manager position?

This information is not specified in the job description.

What qualifications and experience are required for this role?

Candidates need a degree in Accounting or equivalent, HKICPA/ACCA/ACA qualification, and 7+ years of solid accounting and auditing experience. Fluency in English and Cantonese or Mandarin (with ability to read and write Chinese) is required, along with excellent communication and organizational skills.

What is the team structure for this Finance Manager role?

The successful candidate will lead 2-3 senior accountants.

What does Sotheby's do and what is their culture like?

Sotheby’s is the world’s premier destination for art and luxury, offering a trusted global marketplace with specialists in 40 countries across 70 categories like Contemporary Art, Jewelry, and Wine. The role involves collaboration with business directors, marketing, and corporate functions in a high-end auction environment.

Sotheby’s

Auction house for fine art

About Sotheby’s

Sotheby's is a global auction house that specializes in selling fine art, luxury items, and collectibles through live and online auctions, as well as private sales. The company provides online estimates to help sellers determine the value of their items, which is a key differentiator from competitors. Sotheby's holds auctions in major cities worldwide, attracting a diverse audience and ensuring a competitive market for high-end items. The goal is to connect buyers and sellers in the luxury market while offering a personalized and discreet experience.

New York City, New YorkHeadquarters

1744Year Founded

$4MTotal Funding

POST_IPO_EQUITYCompany Stage

Real Estate, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

Professional Development Budget

Risks

NFT market volatility poses financial risks for Sotheby's digital collectibles sales.

Recent staff layoffs indicate potential financial instability or auction performance downturn.

The $100 million Breuer building acquisition could strain financial resources if unprofitable.

Differentiation

Sotheby's offers both live and online auctions, catering to diverse client preferences.

The company provides private sales for clients seeking privacy and exclusivity in transactions.

Sotheby's expertise in valuing rare items attracts high-end collectors and investors.

Upsides

Sotheby's collaboration with The Luxury Group offers unique luxury auction experiences.

The acquisition of the Breuer building enhances Sotheby's brand and auction venue prestige.

Sotheby's acceptance of cryptocurrency payments attracts crypto-wealthy buyers.

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