SFS Senior Accounting Analyst at Sotheby’s

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Art Finance, Financial Services, Luxury GoodsIndustries

Requirements

Bachelor’s degree in accounting, finance or similar
CPA candidate preferred
Excellent communicator and team player
Detail-oriented, highly organized, and able to meet deadlines in a fast-paced environment

Responsibilities

Liaising within the SFS operations team and Global Finance for application of third-party cash and sale proceeds to client accounts, including movement of funds. Reconciliation and postings to bank accounts, client accounts, and related general ledger accounts
Generate and process client billing invoices in accordance with contractual terms and financial standards
Partner with department leaders (e.g. Legal, Product and Tech, and Marketing) to review monthly spend, identify unrecorded expenses, and prepare accurate monthly accruals
Apply intercompany principles to reconcile and resolve balances across entities
Responsibility for the preparation of monthly results, variance analysis and commentary in accordance with the agreed corporate timetable for senior management review
Responsible for the account control and analysis of designated profit & loss and balance sheet accounts related to SFS
Assist with consolidation of financial statement results, including forecasts and plans to support variance analysis and statement commentary in a timely manner
Providing various ad-hoc analysis as required within Global Finance and SFS
Contribute to process improvements in transaction processing, expense tracking, and automation
Support audit activities by assisting with reporting preparation and helping ensure timely delivery of required documentation

Skills

Journal Entries

Bank Reconciliations

Balance Sheet Reconciliations

P&L Reporting

Expense Accruals

Financial Analysis

Monthly Reporting

Quarterly Reporting

Annual Reporting

Controllership

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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