Head of Commercial Finance

Prs For Music Ltd; London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

A music rights organization in London seeks a principal finance partner to oversee financial matters. The role involves managing budgeting, forecasting, and financial planning while leading a team. Candidates should be qualified accountants skilled in stakeholder management and financial reporting. The company promotes a hybrid work model, offering a supportive and inclusive work culture.

Benefits

Enhanced maternity and paternity leave

25 days holiday entitlement

Gym discounts

Retail discounts

Season ticket or bicycle loan

Qualifications

• A qualified accountant with extensive experience in financial planning and reporting.
• Excellent communication and presentation skills are essential.
• Experience with stakeholder management and influencing senior leaders.

Responsibilities

• Lead the financial planning, forecasting, and budgeting processes.
• Manage financial controls and improve financial processes.
• Act as a strategic partner to the Chief Commercial Officer.

Skills

Strategic thinking

Excellent stakeholder management

Financial planning and reporting

Excellent communication skills

People leadership

Education

Qualified accountant

Tools

Microsoft Office

TM1

Job description

Overview

Music wouldn't exist without the work of songwriters, composers and publishers. We're here to represent them and make sure that they are paid for their work. After more than a century in the industry, we continue to innovate as a world-leading organisation.

The Role

The role serves as the principal strategic and financial partner to the Chief Commercial Officer, overseeing financial matters with MCPS and leading a team of finance business partners. Responsibilities include managing financial planning, forecasting, budgeting, and cost control for PRS and Joint Venture revenue streams through to distributions, as well as supporting the COO and Distribution Operations team in budgeting, forecasting, and variance analysis.

Team context

The Commercial Finance Team in PRS for Music sits within the wider Finance team and partners across the business from Commercial to Membership Support to Legal. As a team of five, the Commercial Finance team analyses the monthly performance of the business from a revenue, costs and distributions basis, prepares monthly reporting packs for the Executive Leadership Team and PRS for Music's Board. The team also leads the bi-annual forecast and annual budget process, challenging and supporting stakeholders to achieve goals in the five year plan.

Responsibilities

• Team leadership and development: Identify development opportunities, manage employee engagement actions, promote inclusion and PRS values, and oversee the performance, motivation, and engagement of the Commercial Revenue Finance team
• Financial controls and process improvement: Collaborate with finance teams to improve financial processes and systems, ensure financial controls, identify process improvement opportunities, and support monthly ELT sign-offs
• MCPS financial management: Manage MCPS monthly reporting, budgeting, and forecasting, present financial results to the MCPS Board, ensure financial controls within business units, and oversee revenues and distributions
• Strategic partnership: Act as a key financial and strategic partner to the Chief Commercial Officer, influencing decisions for revenues around £1.2 billion and costs of £120 million
• Long-term financial planning: Lead long-term financial planning, produce management reports for senior leadership, and support budgeting and forecasting for distribution operations

For a full list of duties, please email the recruitment team and request a copy of the job description.

About you

At PRS for Music, we want you to bring the best version of yourself to work. We believe that celebrating individuality promotes a culture of acceptance and openness. Along with being whoever you want to be, in an ideal world you will also have:

• Qualified accountant.
• Strategic thinker, able to see the big picture
• Commercial and business acumen
• Excellent stakeholder management and influencing skills to facilitate better decision making
• Ability to challenge but also support and influence senior leaders
• Extensive experience of Financial Planning and Reporting, and leading Business Partner teams
• Excellent communication skills - including the ability to identify key messages and summarise complex information.
• Excellent Microsoft Office skills.
• Excellent presentation skills.
• Excellent data gathering, reporting and analysis skills.
• TM1 experience desirable.
• Experience and understanding of the management of performing rights and flow of rights is desirable.
• People leadership experience, including strong coaching, training and motivational skills.

What's in it for you?

Here are just a few things that set PRS for Music apart from the crowd:

• We trust, value, and support our people to make the difference
• We believe that diversity of thought and experience provides the platform for innovation and creativity
• We are consciously inclusive and have eight Affinity Groups which you can join and make an impact
• We invest in the development of our people to drive our ambitions forward
• We offer a range of family friendly leave including enhanced maternity and paternity, grandparent, fertility, reproductive and menopause support.
• We know time to rest and recharge is important which is why we offer 25 days holiday entitlement with the option to top up twice annually up to a maximum of 30 days
• Employees can work from anywhere in the world for up to eight weeks of the year
• Plus a whole range of other benefits, including retail discounts, gym discounts, season ticket or bicycle loan.

The Process

• First stage interview will take place virtually on MS Teams.
• Second stage interview will take place in person at our London Bridge Hub.

We use competency-based questions within our interviews. This allows you to provide examples of situations where you have had to demonstrate the required skills relevant to the role you are applying for. To assist your preparation for interview, research the STAR method to aid bringing your examples to life.

Location

We offer a hybrid working model, allowing employees to work from home up to three days a week. To ensure the health and safety of all our employees, if you wish to work from home for more than 2.5 days per week, we will conduct a quick and easy remote-working assessment.

If you sound like you could be the right person for the job, apply now.

At PRS we are committed to equity, diversity, inclusion and belonging for all. We have taken a holistic approach to ensure that no one feels excluded regardless of age, class, sexuality, gender, race, religion, or ability. We value the needs of everyone in our organisation and strive to build an environment where our employee's contributions are recognised in order that everyone may thrive.