- Music Major
- Mix of FP&A, business partnering and core month-end
- £45-53,000 + excellent benefits
This Global Music Major is an employer of choice a household name and leader in their field. They now require a Finance Business Partner to manage the budgeting & planning and actuals process for their various UK businesses as well as supporting their Business Heads on various commercial initiatives to promote the growth & development of the business.
Reporting to the Head of Commercial Finance, you will support them in all commercial and financial planning processes and the delivery of accurate and timely updates on financial performance to the business.
As the key contact between the business and the finance team you'll spend significant time with department heads, identifying new ways to communicate performance and provide commercial support.
·Build relationships with the business area management team and department heads, providing support to management, addressing any issues with financial systems or procedures that might impede the successful operation or development of the business.
·FP&A - Oversee the budget and forecasting processes for various UK businesses 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 are optimally supported and timely/accurate information is communicated between departments.
·Monthly Close Process - supporting the end to end of close process, monitoring timetables, gathering of TBs from External Accountants, reviewing the mapping/coding
·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. 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, 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 into Global. Monitoring of divisional / festival bank accounts and ensuring cash flow is available and optimized.
·Audit - liaison with finance team and external auditors for all relevant Audit & Financial statement requirements
·Where decisions are taken within the business, ensure that the financial impact of such decisions are communicated on a timely basis.
·ACCA / CIMA / ACA qualification
·Proven experience in month-end management and ideally exposure to FP&A.
·An ability to work as a business partner with senior management, demonstrating confidence, strong influencing skills and excellent verbal and written communication.
·Problem solver who can think laterally to deliver commercial solutions to the business
·Attitudes Valued - Innovation, Flexibility, Proactivity, Positivity, Timeline achievement, obsessive about detail.
·Strong diverse systems experience including advanced excel (formulae, pivot tables etc). Experience with CODA Financials and Infor Reporting is preferred but not essential.
Excellent career prospects and exposure across the business and wider group.
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