Director, Technical Accounting & Financial Reporting

Socket.dev; Nashville (TN); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Medical, Dental, and Vision Insurance

401K with employer match on 100% of 4%

Hybrid Office Schedule

Paid Vacation & Sick/Personal Time

Paid Parental Leave

Job summary

BMI is seeking a Senior Accountant/Finance role in Nashville focused on technical accounting, fixed assets, and capitalized software. You will oversee multi-entity consolidations, intercompany transactions, and GAAP-compliant financial reporting, while guiding a team of accounting professionals.

Your work includes capitalizing software costs, IT expenditures, asset management, and collaboration with FP&A and external auditors.

Qualifications

• Eight to ten years of progressive accounting/finance experience with focus on consolidations, intercompany transactions, and capitalized software.
• Experience with ASC 810, ASC 350-40, and GAAP research methodology.
• Ability to lead, mentor and develop a team of accounting professionals.
• Strong project management skills and experience presenting financial results to executives.

Responsibilities

• Capitalize internally developed software and IT costs according to ASC 350 and review capitalization stage classifications.
• Manage fixed assets and IT expenditures, including journal entries and asset allocations.
• Oversee intercompany eliminations, reconciliations, and consolidated financial statements per GAAP.
• Collaborate with FP&A on Workday Adaptive inputs and reporting for capital and expenses.
• Provide analysis for annual asset impairment and quarterly reporting deliverables.

Skills

Excel proficiency

Financial analysis

GAAP knowledge

Leadership

Communication

Education

Bachelor's degree in Accounting or Finance

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 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.

FUNCTIONS OF THE JOB

Essential Functions:

Capitalized software, Fixed Assets and IT Accounting

• Manage senior accountant responsible for fixed assets and capital expenditures.
• Ensure proper capitalization ofinternally 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 andcapital and provide monthly executive level reporting.
• Overseeannual 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.
• Reviewreconciliations of IT time reporting in RMS to Oracle fixed assets to ensure the systems are in synch.
• Collaborate with the resource manager toensure 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 formulti-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 andmaintain 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 andthat 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 andmaintain 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 financialaudit.
• 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 andupdate 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 researchmethodology; 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 researchmethodology; 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 thinkingand 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'swhat you can expect when joining the team:

• Medical, Dental, and Vision Insurance
• 401K with employer match on 100% of the first 4%.
• Flexible Spending Accounts
• Hybrid Office Schedule & Remote Friday's
• Short-Term & Long-Term Disability Benefits
• Paid Vacation & Sick/Personal Time
• Paid Volunteer Time Off
• 12 Paid Holidays
• Summer Half-Days
• Company Paid Life Insurance
• Up To 12 weeks Paid Parental Leave
• Tuition Assistance Program
• Commuter Benefits (New York)
• Employee Resource Groups
• Entertainment discounts and access to BMI concerts and events in our offices
• Employee appreciation events and holiday parties hosted at all office locations