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Warner Music Group Digital Finance Manager in London, United Kingdom

Digital Finance Manager

Job Description:

At Warner Music Group, we’re a global collective of music makers and music lovers, tech innovators and inspired entrepreneurs, game-changing creatives and passionate team members. Here, we know that each talent makes our collective bolder and brighter. We are guided by four core principles that underpin everything we do across all our diverse businesses:

  • Music is Everything : Music is our passion, and we can never get enough. Tastes, trends, and tech will change, but great artists and songwriters will always be our driving force.

  • Global Growth, Local Expertise : Music is a global language. Through communication and collaboration, our success can come from anywhere and translate everywhere.

  • Innovation and Insight : Pushing the boundaries requires the best information and the boldest imagination. We use both to create the future.

  • Empowered by People : Like the artists we serve and the music they make, our differences make us stronger. This is a place where every talent can belong and build a career.

We remain committed to Diversity, Equity, and Inclusion. We know it fosters a culture where you can truly belong, contribute, and grow. We encourage applications from people of any age, gender identity, sexual orientation, race, religion, ethnicity, disability, veteran status, and any other characteristic or identity.

Consider a career at WMG and get the best of both worlds – an innovative global music company that retains the creative spirit of a nimble independent.

Job Title: Digital Finance Manager

A little bit about our team:

Our team deals with the digital side of music, which involves working with Warner Music’s labels and affiliates all over the world. Reporting to the Senior Director, Digital Financial Reporting and within a team of 10, you’ll play a crucial role in accounting for the digital revenue flow, supporting the team and solving problems relating to our affiliates.

Your role:

In the Finance Manager role, within our digital finance team you will have exposure to all areas of Finance. You’ll be leading month end by preparing and reviewing key schedules which include accruing and analysing the Worldwide revenue recognised in the home office, reviewing deals with digital providers and calculating revenue to be repatriated to affiliates across the entire group. This role will involve dealing with a multitude of key stakeholders from around the world in different Warner Music offices and across many departments. No month is ever the same!

Here you’ll get to:

  • Manage the preparation of digital revenue accruals and their associated costs; reviewing estimations for current month revenue and the monthly pipeline revenue schedule

  • Manage digital provider deal financials including; deal economics, minimum guarantees, earnings and recoupment

  • Work closely with the Digital processing team to ensure risks to the business are mitigated and work with FP&A to review month end accounting against forecasts

  • Manage the monthly repatriation process to affiliates for digital sales collected centrally and arrange payment through to repertoire owner

  • Control, review and approve month end journals for digital related financials

  • Analytically review all digital related financials and presentation to senior management

  • Oversee the Digital AR process, includes managing and reviewing:

  • cash flow budgets, forecasts and actuals including variance analysis and management commentary

  • digital order-to-cash process including; invoicing, cash collection, cash allocation and general credit management, incorporating appropriate remedies with overdue customers

  • aged debtor analysis in order to assess financial risk and determine relevant provisions

  • Manage related Home Office internal and external audits

  • Prepare digital balance sheet reconciliations and analytical review for management pack

  • Perform digital related SOX controls agreed upon by management including evaluation of any risks that may arise. Maintain a control-led environment consistent with internal SOX guidelines

  • Suggest and implement improvements for the development of effective controls

  • Develop positive relationships with affiliates across the world, to provide support and assist with their queries as and when required

  • Liaise with business partners on global deals and ensuring consistent business practice across the group

  • Support and manage a team of 2

  • Ad-hoc assignments and projects as required

About you:

  • Qualified accountant with 2yrs PQE

  • Microsoft Office suite, including advanced Excel skills

  • You have excellent oral/written communication skills

  • You have the ability to work under pressure with tight deadlines

  • You are able to perform in a fast-changing environment

  • You take own initiative and responsibility over own workload, while working within the goals of the team

We’d love it if you also had:

  • Knowledge of nominal ledgers and database management systems (eg. Oracle GFS, Business Objects, HFM).

  • A passion for music and keen curiosity about the digital music world.

About us:

As the home to Asylum, Atlantic, East West, Elektra, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Rhino, Roadrunner, Sire, Warner Records, Warner Classics, and several other of the world’s premier recording labels, Warner Music Group champions emerging artists and global superstars alike. And our renowned publishing company, Warner Chappell Music, represents genre-spanning songwriters and producers through a catalogue of more than one million copyrights worldwide. Redefining what it means to be a music company in the 21st century, our consumer brands include trend-setters like UPROXX, Songkick, HipHopDX, and EMP. We’re the home to WMX – the next generation services division that connects artists with fans and amplifies brands in creative, immersive, and engaging ways – and Alternative Distribution Alliance (ADA) – the ground-breaking global distribution company for independent artists and labels.

Together, we are Warner Music Group: Music With Vision & Voice.

Love this job and want to apply?

Click the “Apply” link at the top of the page, or apply directly with your LinkedIn. Applying with LinkedIn will import all of the information you put in your profile, but will still allow you to upload a resume and cover letter.

Don’t be discouraged if you don’t hear from us right away. We’re taking our time to review all resumes, and to find the best people for WMG.

Thanks for your interest in working for WMG. We love it here, and think you will, too.

WMG is committed to inclusion and diversity in all aspects of our business. We are proud to be an equal opportunity workplace and will evaluate qualified applicants without regard to race, religious creed, color, age, sex, sexual orientation, gender, gender identity, gender expression, national origin, ancestry, marital status, medical condition as defined by state law (genetic characteristics or cancer), physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, genetic information or any other characteristic protected by applicable federal, state or local law.