[Hiring] Sr. Manager, Digital Accounts, Order to Cash @Warner Music Group

Role Description

If you are an amazing Order-To-Cash (OTC) leader who wants to deliver technical and process-oriented solutions within our regional center, then keep reading!

• Lead the Digital and Royalty Stream AR team and ensure operational tasks are being completed as required.
• Own and be responsible for invoices, collections, cash application, Revenue Assurance, and risk assessments.
• Play an active role in cash forecasting, bad debt management, and liaise with various stakeholders within and outside the organization.
• Facilitate setup and tracking of new accounts and maintain relationships with DSPs and licensing and sync partners for the Recorded Music and Publishing segments.
• Provide input and analysis relating to risk of Digital Accounts as needed and overall management of the Risk Review schedule and timeline for the Digital portfolio.
• Serve as primary contact for SSC Accounting, Legal, Finance, and Business Teams.
• Review contracts for terms, advances, payments, reporting, and pricing for use in various tracking and reconciliation projects.
• Manage and track Invoice Advance/Guarantees, Formatting, and Prep Fees to ensure timely payment.
• Implement, translate, and review contractual language for royalty-related revenue stream customers and other partners.
• Accurately record and report all digital revenues by media type and ensure that all cash is properly applied and required triggers for revenue recognition are met.
• Lead and develop both internal and offshore resources.
• Assist in preparing Cash Forecasts for significant revenue streams associated with our industry in partnership with FP&A.
• Prepare accruals for outstanding unprocessed or revised sales reporting files.
• Work with customers to resolve account discrepancies and collect any additional monies.
• Ensure proper tracking of income for cash projection and application references.
• Oversee daily cash reporting and other follow-up processes as needed.
• Manage preparation of invoices for pricing, manifest, suspense, compliance, and/or product code issues, when required.
• Develop efficient, innovative ways to streamline and improve processes around use and storage of data reported.
• Concentrate on cleanup activities while maintaining an eye on process improvement possibilities.
• Lead account review, cash forecast, and bad debt meetings with Corporate Controllership and Finance Shared Service Leadership.
• Facilitate monthly royalty payments for promotional funds, rights holders, and other internal payees as needed.
• Support revenue recognition function where applicable.
• Own and review SOX controls established and operating over the Digital portfolio.

Qualifications

• 10 years of progressive experience in Finance Operations, shared services, revenue recognition, accounts receivable, and related OTC processes or revenue accounting.
• Minimum of five years leading large teams including outsourced support resources.
• Deep expertise in SAP S/4 HANA.
• Expert process knowledge of the sub-towers: Customer Master Data, Credit Management, Billing, Collections, Dispute Management, and Cash Application.
• Bachelor’s degree required (Finance preferred).
• Strong understanding of internal controls, data governance, and SOX compliance.
• Well versed in data analytics with proficiency with BI software, Excel, or other tools to construct data matching models.

Requirements

• Deep understanding of ASC 606 (US GAAP) and/or IFRS 15 (Revenue from contracts with Customers).
• Detailed understanding of Music Industry revenue streams.
• MBA in Finance.
• Working knowledge of Music Industry metadata on products, tracks, and other artist-related works.

Benefits

• Salary ranges are included for job postings where required by law. The actual base pay is dependent upon many factors, such as work experience and business needs.
• The pay range is subject to change at any time dependent on a variety of internal and external factors.