Manager, Finance

Finance & Accounting Hollywood, California Req. UMG-1424


Description

Capitol Music Group (CMG) is comprised of Capitol Records, Virgin Records, Motown, Blue Note Records, Astralwerks, Harvest Records, Capitol Christian Music Group, I.R.S. Records Nashville, Priority Records, Atom Factory, Electromagnetic Recordings and Evolve Music Group, as well as Capitol Studios and the company’s independent label services and distribution division, Caroline.  Capitol Music Group is based in Hollywood, California in the iconic Capitol Records Tower. Artists that record for CMG labels include: Katy Perry, The Beatles, Norah Jones, Elton John, Mary J. Blige, Sam Smith, Beck,  Ne-Yo, Annie Lennox, 5 Seconds of Summer, Emeli Sandé, Bastille, Porter Robinson, Aaron Neville, Capital Cities, Kem, Rod Stewart, Robert Glasper, Ryan Adams, Banks, The Counting Crows, TV On The Radio, The Decemberists, Rosanne Cash, Don Henley, Bob Seger and The Beach Boys, among many others.

This position is responsible for various aspects of financial planning and analysis for the Capitol Music Group based in Hollywood, CA.  Responsibilities include:  Finance team lead for sales forecasting and analysis – both domestic and international; Monthly Release Profitability reporting; Variable Cost forecasting review and analysis; D2C forecasting and analysis.

Job Functions:

  • Manage the domestic sales forecast for New Release titles in conjunction with the Sales team and the Research team
  • Manage the international sales forecast for New Release in conjunction with the International Sales team
  • Manage the D2C revenue and margin forecast, including ticket bundles. Assist the Commercial Services team regarding D2C and ticket bundle pricing and analysis
  • Analyze variances to budget and forecast for domestic income, international income, D2C income and variable costs
  • Coordinate the monthly Corporate Revenue Commentary, as well as the internal CMG Revenue Commentary
  • Prepare the monthly Release Profitability reporting based on Life-to-Date actuals
  • Prepare Life of Project Release Profitability reporting for key projects to assist the Marketing team establish spend caps to maximize projects’ profitability
  • Assist in preparing quarterly forecasts and annual budget
  • Maintain and monitor certain forecasting/planning systems, primarily the CMG BPC (excel based) tool
  • Provide ad hoc analyses of artist projects as required

Job Requirements:

Skills/Abilities:

  • Excellent organizational, communication and writing skills
  • Self-motivated, proactive, and resourceful
  • Excellent follow-through and attention to detail
  • Flexible – able to adjust to changing priorities, and able to multi-task
  • Excellent customer service skills
  • Excellent organization and time management skills
  • Strong analytical and problem-solving skills
  • Great organizational skills with the ability to prioritize based on an evolving workload while under pressure and/or with tight deadlines
  • Strong interpersonal and teamwork skills, including adaptability, personal effectiveness, and the ability to establish quick rapport with people across the business
  • Ability to handle confidential information and interact with high-level executives

Experience:

  • Minimum 3-5 years of experience in a finance role
  • Demonstrable proficiency in the use of spreadsheet, accounting and financial applications software; SAP experience/knowledge preferred
  • Music industry experience preferred

Education:

  • Bachelor’s Degree preferred specific to business, finance or accounting) or equivalent experience

Universal Music Group is an Equal Opportunity Employer.

Disclaimer

This job description only provides an overview of job responsibilities that are subject to change.