Manager, Financial Reporting

Job Description:

At Warner Music Group, we’re a global collective of music makers and music lovers, tech innovators and inspired entrepreneurs, game-changing creatives and passionate team members. Here, we turn dreams into stardom and audiences into fans. We are guided by three core values that underpin everything we do across all our diverse businesses: 

• Curiosity: We do our best work when we’re immersing ourselves in culture and breaking through barriers. Curiosity is the driving force behind creativity and ingenuity. It fuels innovation, and innovation is the key to our future. 

• Collaboration: Making music and bringing it to the world is all about the power of originality amplified by teamwork. A great idea, like a great song, travels globally. We ignite passions and build connections across our diverse community of artists, songwriters, partners, and fans.

• Commitment: We pursue excellence for our team and our talent. Everything in music starts with a leap into the unknown, and we’re committed to keeping the faith, acting with integrity, and delivering on our promises.

WMG is home to a wide range of artists, musicians, and songwriters that fuel our success. That is why we are committed to creating a work environment that actively values, appreciates, and respects everyone.  We encourage applications from people with a wide variety of backgrounds and experiences.

Consider a career at WMG and get the best of both worlds – an innovative global music company that retains the creative spirit of a nimble independent.

Job Title:  Manager, Financial Reporting

A little bit about our team:

The Corporate Finance Department at Warner Music Group is responsible for overseeing all of the financial operations of the Company in partnership with the finance groups at the labels and individual companies within Warner Music Group.  The department provides financial reporting, accounting, planning, budgeting, and financial compliance for the Company. The department is filled with fun, outgoing and overall successful individuals who work hard all while enjoying the perks of working in the Music Industry.

Your role:

Warner Music Group is excited to offer this opportunity in the Corporate Finance Department. This position is responsible for analyzing certain income statement accounts and other key reporting metrics for budget, actuals and forecast submissions on a consolidated basis for Warner Music Group. This position reports to the VP of Financial Reporting.

Here you’ll get to:

• Prepare financial statement analytics and reviews for non-operating income statement activity (i.e. “below-the-line” accounts) for budget, actuals and forecasts

• Coordinate with segments and affiliates on the accurate recording and submission of below-the-line activity for all required income statement submissions including depreciation, amortization, interest expense, interest income, equity income, noncontrolling interest, foreign exchange gains and losses, and other non-operating activity.

• Prepare of debt covenant calculations, including a trailing twelve months adjusted EBITDA calculation, for budget, forecasts, and quarterly and annual report periods

• Prepare CFO Analytics Package which is used by the Company’s Global CFO to assist in their preparation of the quarterly earnings process

• Assist in preparation of management reporting deliverables for key metrics and below-the-line analysis

• Collaborate with external reporting and technical accounting to ensure below-the-line activity is properly reported in accordance with US GAAP and disclosed in the WMG quarterly and annual financial statements (e.g. Form 10-K, Form 10-Q)

• Assist with the preparation review of certain monthly recurring journal entries in our consolidation system (HFM)

• Oversee the Sr. Financial Analyst – Consolidations and Financial Reporting who is responsible for performing the monthly intercompany reconciliation, monitoring the status of the monthly close, and preparing various financial reporting deliverables.

• Liaise directly with Financial Planning and Analysis to prepare quarterly income statement analysis, management discussion and analysis, and other ad-hoc reporting and analysis in connection with our quarterly earnings process.

• Collaborate with External Reporting and Investor Relations to assist in the development in the quarterly and annual press releases, earning scripts documents, and other financial communications.

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