Director, Technical Accounting & Financial Reporting

Broadcast Music, Inc. (BMI)

Nashville (TN)

Hybrid

USD 120,000 - 180,000

Full time

2 days ago

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Benefits offered by this job

Medical, Dental, and Vision Insurance

401K with employer match

Hybrid Office Schedule

Job summary

BMI, a leader in music rights and creator advocacy, seeks an experienced accounting leader to oversee capitalized software, fixed assets, IT accounting and GAAP compliance across multiple entities.

You will drive consolidation, intercompany transactions, and financial reporting, collaborating with FP&A, external auditors, and IT teams to ensure accurate reporting and strong internal controls.

Qualifications

Bachelor’s degree in accounting or finance required; CPA preferred.
Strong knowledge of GAAP, ASC 810, ASC 350-40, and related research methods.
Experience in consolidations, intercompany transactions and capitalized software.

Responsibilities

Oversee capitalized software and fixed assets accounting.
Coordinate multi-entity consolidations and intercompany eliminations.
Prepare and review monthly financial statements and variance analyses.
Provide financial analysis for audits and corporate projects.

Skills

GAAP knowledge

Excel data analysis

Intercompany eliminations

ASC 810 expertise

Education

Bachelor’s Degree in Accounting or Finance

CPA preferred

Tools

Oracle Fixed Assets

Workday Adaptive

RMS

Job description

About The Company

BMI is a mission-driven organization at the forefront of music rights and creator advocacy. Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, BMI is a global leader in music rights management. Currently representing the public performance rights in over 25 million musical works created and owned by more than 1.4 million artists. BMI negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are publicly performed.

About The Company

About The Role

Direct and support accounting departments technical accounting, financial reporting and analysis, consolidation activities, with a particular emphasis on capitalized software and fixed asset accounting.. Responsible for GAAP compliance, multi-entity consolidation and intercompany accounting, financial statement preparation and review, internal controls, quarterly reporting deliverables, and technical accounting research for complex and non-routine transactions.

Essential Functions

FUNCTIONS OF THE JOB Capitalized software, Fixed Assets and IT Accounting

Manage senior accountant responsible for fixed assets and capital expenditures.
Ensure proper capitalization of internally developed software in accordance with ASC 350, including review of stage classification and capitalizable cost determination
Review and record journal entries for all IT-related costs — capital and expense — ensuring proper classification and allocation between the two.
Review and provide analysis for all IT expenditures, including proper allocation between expense and capital and provide monthly executive level reporting.
Oversee annual impairment review of fixed assets and capitalized software.
Provide oversight for the Oracle fixed assets module to include proper asset classifications, strategic initiative setup and segregation of assets to the proper entity.
Review reconciliations of IT time reporting in RMS to Oracle fixed assets to ensure the systems are in synch.
Collaborate with the resource manager to ensure the employee, contractor and consultant roster are properly allocated between business as usual and addbacks to properly report costs.
Ensure fixed assets are properly allocated by legal entity to support accurate consolidation and elimination of intercompany asset transfers.
Participate in General Service procurements meetings to provide financial analysis and guidelines for capitalization.
Collaborate with FP&A on Workday Adaptive input, reporting and sheet buildouts for capital and expenses.

Financial Accounting & Technical Research

Review or perform month end transaction review, journal entries, and financial statement variance analysis for assigned departments.
Coordinate team efforts for multi-company, multi-currency eliminations & consolidations; prepare/review intercompany reconciliations, elimination entries, and consolidated financial statements in accordance with GAAP. Ability to understand ERP set-ups and assist with decision making on how to modify when needed.
Oversee the end-to-end intercompany transaction process, including billing, settlements, and resolution of intercompany out-of-balance positions across all legal entities in collaboration with the International Controller.
Develop and maintain an intercompany accounting policy and procedures manual; ensure consistent treatment across entities and compliance with transfer-pricing documentation requirements.
Monitor addbacks for adjusted EBITDA to ensure properly set up on the system and that costs is a justified addback.
Participate in preparation of monthly financial statements and annual audited financial statements.
Prepare/review monthly reconciliations for various general ledger accounts.
Proactively design and maintain actionable reporting and metrics that are appropriate for audiences from development team members to executive management to BMI’s owners independently or in corroboration with others.
Review workpapers for property tax, property allocation, research & development and various others as assigned.
Participate in year-end external financial audit.
Serve as accounting decision maker in corporate projects in developing approach, business requirements and financial analysis, while ensuring that accounting requirements are adhered to.
Maintain and update applicable accounting policies, process flows and procedures.

Supervisory Responsibilities

Directly supervise team members while providing appropriate leadership, guidance and development to other accounting team members as needed. Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Position Qualification Requirements

Education: Bachelor’s Degree in Accounting or Finance required. CPA preferred.

Experience

Minimum 8-10 years of progressive accounting or finance experience with a focus on consolidations, intercompany transactions, and capitalized software. Purchase accounting experience a plus.
Working knowledge of technical accounting standards including ASC 810 (consolidation), ASC 350-40 (internal-use software), and general GAAP research methodology; demonstrated ability to research and document positions on complex or non-routine transactions
Experience in financial reporting, accounting policies related to information technology purchases (software, hardware, license agreements) related to information technology, including demonstrated ability to navigate complex and technical content particularly related to software capitalization
Demonstrated ability to lead, mentor and develop a team of accounting professionals.
Strong project management skills with the ability to manage multiple priorities and tight quarter-end deadlines. Experience presenting financial results and analysis to executive leadership and/or external stakeholders.
Working knowledge of technical accounting standards including ASC 810 (consolidation), ASC 350-40 (internal-use software), and general GAAP research methodology; demonstrated ability to research and document positions on complex or non-routine transactions.

Skills And Abilities

Strong in the use of Microsoft Office software including strong ability to analyze data using Excel for reporting and data mining purposes
Extensive experience creating and modifying Microsoft Excel spreadsheets used for analyzing widely diverse types of data.
Strong understanding of accounting policies and procedures, with ability to apply and interpret them in practice.
Critical thinking and sound judgment in evaluating and resolving technical accounting issues.
Strong people skills including the ability to interact with team members at all level
Excellent verbal and written communication skills.

Benefits & Perks

We take care of our people, here’s what you can expect when joining the team: