Finance Business Partner - Music

Posted 6 April by The Consultancy Group Easy Apply

The Consultancy Group are currently recruiting for a Finance Business Partner to join a Global Media and Entertainment Business based in Central London on a Permanent Basis.

Reporting in to the Financial Controller this is a great opportunity for a Qualified accountant to increase their Business Partnering and FP&A experience.

Responsibilities:

FP&A - Oversee the budget and forecasting processes for festivals and venues under your responsibility. Update forecasts as required. Complete business case analysis on new opportunities, alternative project scenarios etc. creating financial models as required. Undertake analysis of performance as required, including for weekly and month end reporting.

Business partnering - liaising with key business department contacts including event directors/managers, artist managers, legal team etc. to ensure all aspects of decision-making of festivals/events are optimally supported and timely/accurate information is communicated between departments.

Monthly Close Process - supporting the end to end of the Festivals and Live close process, monitoring timetables, gathering of TBs from External Accountants, reviewing the mapping/coding onto Coda.

Balance sheet - Make sure the balance sheet is correctly accounted on a monthly basis and that all balance sheet reconciliations are kept up to date, including intercompany, credit cards, fixed assets, prepayments and accruals, deferred and accrued income, taxes.

Reporting - management and issuance of reporting on a monthly and annual basis including show performance reports, month end management accounts (including TB, PL, BS), appropriate performance reports to any shareholders and any other required ad hoc reports

Revenue - Make sure that processes exist to capture and reconcile all revenue streams for the festivals/events under control including ticketing income, bar income, merchandise income. Make sure that Invoices are raised to external and internal parties to collect all revenues.

Costs - Ensure all costs are accounted correctly and completely by event and month, including site costs, direct costs, artist costs, event overheads. Ensure costs are fully understood and challenged against the event budgets being run by production and operation management. Discuss and agree to processes for allocating costs across events, as appropriate.

Projects & Systems - integral part in the ongoing finance transformation project centralizing and streamlining finance functions, migrating external finance activities in-house. Includes collaboration with Systems Accountant and Head of Finance Systems to achieve improvements across all finance systems, including all GL, expense, PO and reporting packages.

Talent payment management - oversight on ensuring talent financial process is effectively managed, as it is one of the most integral and material budget lines which requires timely & accurate execution.

Tax - Liaising with tax team and providing support on quarterly VAT return and FEU returns. Assisting with corporation tax returns and calculations.

Cash Flow - process design, reporting and management of group/entity cash flow. Monitoring of divisional / festival bank accounts and ensuring cash flow is available and optimized.

Requirements:

  • Qualified accountant
  • Providing managerial financial support in the music/festivals industry
  • Budgeting and forecasting experience
  • Cash flow forecasting, short and long term
  • Experience in business transformation - specifically finance systems migrations and business improvements
  • Strong diverse systems experience including implementation
  • Experience in managing artist payments including review of contracts and FEU deductions
  • 1-2 years' post qualification experience in industry

Reference: 34850057

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