Sr. Analyst, Finance at Sony Music Entertainment

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

3-5 years of finance and/or accounting experience
Passion for music / the music industry
Music or digital media experience preferred
Excellent analytic skills
Strong communication and interpersonal skills
Highly skilled in Microsoft Excel (index/match, lookups, pivot tables, etc.) and proficient in other Microsoft Office suite applications
IP/SAP/Business Objects/BPC experience a plus
Ability to work independently, be resourceful, manage multiple projects simultaneously, work well under pressure
Pragmatic, professional, highly organized and great attention to detail

Responsibilities

Manage monthly close and forecast in IP, SAP and BPC, including preparing financial statements and journal entries, and ensuring all reporting requirements are met
Prepare and analyze monthly financial reporting and results
Act as key liaison with marketing teams to manage marketing budgets and track spending
Manage reporting and tracking of T&E budgets, A&R spend, overhead
Help implement finance and accounting processes for a newly established Artist Services division and a newly acquired label services division, including integration into SME’s systems and workflows
Assist in annual budget process, preparing annual budget package and uploads
Liaise with A&R Admin and JV Accounting teams to ensure timely and accurate set up and tracking of projects / deals, profit centers, and cost centers in SME Financial Systems
Support in financial administration to ensure proper set up of and timely payment to vendors, including working with marketing and A&R teams to ensure corporate credit cards are reconciled and paid
Additional ad hoc special projects and analyses for corporate and senior management including preparation of Power Point presentations

Skills

Key technologies and capabilities for this role

Financial AnalysisAccounting ProcessesFinancial ReportingMonthly CloseAnalytical Skills

Questions & Answers

Common questions about this position

What systems will I be working with in this role?

You will manage monthly close and forecast in IP, SAP, and BPC, including preparing financial statements and journal entries.

What are the key responsibilities for financial reporting?

Responsibilities include preparing and analyzing monthly financial reporting and results, as well as assisting in the annual budget process by preparing budget packages and uploads.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the team structure for this role?

This is a small dynamic team assisting the SVP & CFO of Alamo Records, and the role reports directly to the SVP & CFO.

What skills make a strong candidate for this position?

Strong analytical skills, the ability to handle multiple projects, and experience establishing financial processes for new divisions are essential.

Sony Music Entertainment

Global music company managing artists and royalties

About Sony Music Entertainment

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.

New York City, New YorkHeadquarters

1929Year Founded

GROWTH_EQUITY_NON_VCCompany Stage

Consumer Software, EntertainmentIndustries

5,001-10,000Employees

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

Risks

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.

Differentiation

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.

Upsides

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.

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