Analyst, Participations
About The Position
At Warner Music Group (WMG), we are a global collective of music makers and music lovers, tech innovators, and inspired entrepreneurs, dedicated to turning dreams into stardom and audiences into fans. Our operations are guided by three core values: Curiosity, Collaboration, and Commitment. WMG is committed to fostering a work environment that values, appreciates, and respects everyone, encouraging applications from diverse backgrounds and experiences. The company offers an innovative global music environment that retains the creative spirit of a nimble independent. The role is within Warner Music Group's Center of Excellence for Shared Services, located in Nashville. This center provides critical financial, legal, and administrative support and best-in-class services to all U.S. record labels, publishing, and artist & label services divisions. The Nashville center promotes entrepreneurial thinking and artist-focused innovation, allowing employees to develop a wide range of skills through cross-functional collaboration and development opportunities. WMG currently operates on a hybrid work schedule, combining in-office and virtual days, with arrangements periodically reviewed based on business needs. This opportunity is within the highly sought-after Participations group. The ideal candidate is highly efficient, resilient, and thrives in a fast-paced, deadline-driven environment, consistently meeting deadlines and exceeding expectations. They must balance important and urgent tasks, proactively communicating anticipated hurdles to their manager. The role involves handling large volumes of financial data, with a focus on producing accurate, quality work and displaying attention to detail. It requires developing expertise in the business, diving into legal agreements, interpreting contractual terms, and applying this knowledge to analyze data, identify trends, and explain insights. The candidate should exhibit a continuous improvement mindset, seeking opportunities to transform processes and innovate. A passion for music and artists is essential, along with a commitment to providing first-class customer service to internal and external partners, known for responsiveness and going the extra mile. The role also involves inspiring, supporting, sharing ideas, and learning from team members.
Requirements
- BA/BS degree required, preferably in accounting or finance related fields
- 0-2 years of experience working in a related capacity
- Advanced proficiency with MS Excel, working with large data sets and complex calculations
- Possess strong problem solving and analytical skills with attention to detail
- Effective interpersonal skills, able to work cross-functionally and communicate with internal & external stakeholders
- Ability to manage multiple priorities, execute tasks with accuracy and deliver under pressure
- Ability to understand complex information quickly, breakdown and communicate to others
Nice To Haves
- Entertainment, Media, or Music Industry experience working in Participations/Royalties or similar role
- Financial statement preparation background
- Technically savvy, exposure to SAP S4 Hana, MS Teams, SharePoint
Responsibilities
- Prepare, analyze, and distribute participation profit share and distribution statements according to contractual agreements
- Compile and review transactional data to support statement reporting
- Interpret, and summarize artist and label contracts, create related statements and financial schedules, provide contractual and financial data for deal models and analysis
- Apply your financial accounting skills: review profitability analysis, identify variances and trends, create commentary to explain insights from financial statements, perform reconciliations, update cash forecasts and budgets, investigate audit issues and claims
- Follow department financial controls and policies, communicate deficiencies and gaps to management
- Maintain vendor master data, input, code & co-ordinate payments
- Build and maintain strong working relationships across the company (up to senior executives), follow up open work items, respond to requests from internal and external partners
- Communicate status & escalate issues as appropriate to your manager
- Learn WMG operational & accounting systems, develop expertise in participations accounting & operations
- Represent and contribute to the culture of the Participations group
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
