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- Tasks: Support financial planning, budgeting, and forecasting for Atlantic & Rhino.
- Company: Join a dynamic team at WMUK, driving financial success in the music industry.
- Benefits: Gain valuable experience in a creative environment with opportunities for growth.
- Why this job: Be part of a collaborative culture that impacts major business decisions in music.
- Qualifications: CIMA/ACCA finalist with strong Excel and analytical skills required.
- Other info: Flexible hours around key finance deadlines; media/music experience is a plus.
The predicted salary is between 43200 - 72000 £ per year.
The WMUK Financial Planning team is integral to driving the budgeting, forecasting, performance management, and financial reporting processes across all UK businesses. We primarily collaborate with the record labels but also work closely with other key departments such as Commercial, Legal, HR, and Production. Our goal is to enhance business decision-making and deliver optimal financial outcomes, ensuring that each aspect of the business is aligned for success.
Your role:
This role is responsible for supporting the Financial Planning Director of Atlantic & Rhino in financial planning and ongoing business support. The role is a combination of budgeting, forecasting and month end responsibilities in addition to preparation of deal appraisals and analysis for distribution to senior management.
Here you’ll get to:
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Take ownership of the A&R spend for the Atlantic roster. This includes reviewing recording budgets with the A&R co-ordination team, liaising with Business Affairs on advances and consultants and being across Tour Support requests
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Prepare monthly A&R financials, including review of POs and transactions, to ensure accuracy & completeness of A&R accrual. Preparation of variance analysis for discussion in department month end meeting
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Work closely with Business Affairs to prepare deal appraisals for potential new signings and renegotiation of current artist agreements
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Update label forecast models for monthly MUR actuals and forecast
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Review of Atlantic sales units forecast
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Prepare P&L’s to support decision making on product pricing
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Prepare and provide commentary as necessary on monthly balance sheet reconciliations and income statement accounts
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Prepare monthly A&R cashflow submissions
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Assist the Financial Planning Director with forecast and budget preparation including sales history information and populating the model with domestic & MUR sales forecasts
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Prepare recoupable cost data to be submitted to royalties for inclusion on artist royalty statements
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Assist the Financial Planning Director in checking the costs and revenue/earnings on artist royalty statements
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Carry out other ad-hoc duties as required within the label finance teams
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CIMA/ ACCA finalist with proven Financial Planning experience
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Strong Microsoft Excel skills
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Strong analytical skills and an ability to work through problems logically.
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Good interpersonal and communication skills, with the ability to interact effectively at all levels within the business.
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Diligent with excellent attention to detail.
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Initiative, drive and strength of character.
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Self starter – able to identify areas for improvement and take action to implement change
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Commercial awareness and business acumen.
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Ability to work well under pressure and to meet tight deadlines.
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Flexible attitude towards working hours around key Finance deadlines
We’d love it if you also had:
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Experience of working in a similar role in a media/music company desirable but not essential
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Experience in a Finance/Financial Planning team
Senior Financial Planning Analyst employer: Warner Music Inc.
Contact Detail:
Warner Music Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Planning Analyst
✨Tip Number 1
Familiarize yourself with the music industry and its financial dynamics. Understanding how record labels operate and the specific financial challenges they face will give you an edge in interviews and discussions.
✨Tip Number 2
Brush up on your Excel skills, especially advanced functions and data analysis techniques. Being able to demonstrate your proficiency in Excel during practical assessments or discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the finance and music sectors. Attend industry events or connect with people on LinkedIn to gain insights and potentially get referrals that could help you land the job.
✨Tip Number 4
Prepare to discuss your experience with budgeting and forecasting in detail. Be ready to provide examples of how you've contributed to financial planning processes in previous roles, as this will be crucial for the position.
We think you need these skills to ace Senior Financial Planning Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial planning, budgeting, and forecasting. Emphasize your analytical skills and any experience you have with A&R spend management or working in the media/music industry.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that align with the responsibilities listed in the job description, such as preparing deal appraisals or working with cross-functional teams.
Highlight Technical Skills: Since strong Microsoft Excel skills are crucial for this position, be sure to mention any advanced Excel functions you are proficient in. If you have experience with financial modeling or forecasting tools, include that as well.
Showcase Interpersonal Skills: Given the collaborative nature of the role, highlight your communication skills and ability to work effectively with various departments. Provide examples of how you've successfully interacted with different teams in previous roles.
How to prepare for a job interview at Warner Music Inc.
✨Showcase Your Financial Acumen
Be prepared to discuss your experience with budgeting, forecasting, and financial reporting. Highlight specific examples where you've successfully managed financial processes or improved outcomes in previous roles.
✨Demonstrate Analytical Skills
Expect questions that assess your analytical abilities. Prepare to explain how you approach problem-solving and provide examples of how you've used data to drive business decisions.
✨Communicate Effectively
Since the role requires collaboration with various departments, practice articulating your thoughts clearly. Be ready to discuss how you've effectively communicated financial information to non-financial stakeholders.
✨Exhibit Attention to Detail
Prepare to discuss instances where your attention to detail made a significant impact on a project. This could include ensuring accuracy in financial reports or identifying discrepancies in budgets.
