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Financial Controller

Company Description

Recently acquired by Believe, Sentric Music is in an exciting phase of significant growth into new markets. Sentric Music Group is a rapidly expanding music publishing company with 100+ employees based across our offices in Liverpool, London, Hamburg, Palma, New York and LA. The company handles copyright and royalty administration for a large client base consisting of songwriters, record labels and music catalogue owners. Our industry-challenging platform is transforming the traditional models for royalty collection and our client base is consistently growing. 

Believe is above all a passion for music, tech, and digital marketing, shared by over 1,900 talented people in more than 50 countries. It is a visionary and entrepreneurial spirit that drives us and makes us a world leader in the digital distribution of music. 

Believe is a tribe of experts who successfully meet the challenges of the transformation of our music industry every day. It’s an adventure, a human adventure, and one that is propitious and stimulating for all of us. 

Finally, Believe is a story that began in 2005 and that we must continue to narrate, now, and with you. Believe's mission is to develop labels and artists in the most suitable way, at each stage of their career and development, in all local markets around the world, with respect, expertise, fairness and transparency.

Job Description

As Financial Controller, you will be responsible for overseeing the company’s financial health, managing the accounting functions, ensuring regulatory compliance, and providing financial insights to the leadership team. You will play a key role in budgeting, financial planning, and internal controls. The Financial Controller is responsible for leading the liaison with the Group headquarters in Paris.

Key Responsibilities :

Financial Reporting & Analysis

  • Oversee the preparation of monthly management account for use by the Sentric Management team
  • Oversee the reporting of Sentric financial results to the Group headquarters in Paris in line with Group reporting guidelines and IFRS
  • Oversee the preparation of annual financial statements in accordance with UK GAAP
  • Prepare detailed explanations for variances

Budgeting and Forecasting

  • Lead the budgeting process, working closely with department heads to develop financial plans that align with company objectives
  • Create and maintain accurate cash flow forecasts to ensure adequate liquidity for operational needs
  • Provide financial insights and recommendations to support business decisions and strategic initiatives.

Internal Controls and Compliance 

  • Ensure all accounting processes comply with legal requirements and Group processes
  • Establish and monitor internal controls to safeguard company assets and ensure accurate financial reporting
  • Coordinate audits with external auditors and ensure timely completion of audits

Tax and Regulatory

  • Manage tax filings, including VAT, corporation tax, WHT and any other applicable taxes
  • Ensure compliance with all financial and legal requirements

Team Leadership & Development

  • Lead and mentor a team of finance professionals, fostering a collaborative and high-performance work environment
  • Oversee the day-to-day accounting operations, including accounts payable, accounts receivable, payroll, and general ledger activities
  • Drive continuous improvement of financial processes, systems, and reporting tools.

Qualifications

Skills

Required

  • Very strong technical accounting skills; can demonstrate application of technical skills in complex situations
  • Excellent analytical and problem-solving skills, with attention to detail
  • Strong proficiency in Excel and advanced financial modelling
  • Strong leadership skills with experience in managing and developing a finance team
  • Ability to communicate complex financial information in a clear and concise manner to non-financial stakeholders

Desirable

  • French-speaking

Knowledge

Required

  • Knowledge of GAAP / IFRS and relevant tax laws and regulations
  • Knowledge of applying revenue recognition criteria and working to ensure revenue recognition processes comply with audit requirements

Desirable

  • Understanding of the music- and music publishing industry

Attitude 

  • Adaptable; able to apply skills and knowledge to changing situations
  • Continuous improvement mindset, always looking at how to do tasks better and more efficiently
  • Positive approach to problem solving
  • Enthusiasm for working with and communicating with customers and other business stakeholders at all levels
  • Ability to maintain a professional manner when handling complex matters
  • Persistent drive to complete tasks in accurate and timely manner

Experience 

Required

  • Minimum of 5-7 years of post-qualification experience in financial leadership roles

Desirable

  • Experience of working in a high-growth environment Experience of working in the music or entertainment industry Experience of working in an international business

Qualifications

  • Educated to Bachelor’s degree level
  • Must be a CCAB qualified accountant

Additional Information

SET THE TONE WITH US​

Working at Believe means having individual and collective impact in a fast-growing company!  ​

At all stages of their careers, Believers are an important part of what we are doing: shaping the future of the music industry. ​

We need teams that truly reflect the diversity of our clients: our international presence is an inspiring and enriching work environment for each one of us, with daily opportunities to connect with our colleagues all over the world. ​

​We have two hearts at Believe - our People and our Artists. ​

We believe in THE POWER OF OUR PEOPLE, who grow every day to develop their potential… We aim to provide our Believers with the best environment to thrive. ​

ROCK THE JOB ​

  • Hybrid remote working policy (3 days in the office)

  • Private Health Care 

  • Pension plan 

  • 25 days annual leave, + 1 day for your birthday 

  • Life assurance and long-term disability cover   

  • Access a digital mental health and well-being platform 

  • Tailor-made training and coaching program 

  • Enhanced sickness pay and maternity/paternity cover 

​SING IN HARMONY  ​

  • Ambassador program: an employee volunteering initiative dedicated to all Believers interested in having a positive impact on Diversity, Equity & Inclusion (DEI), wellbeing and the planet.​

We are committed to having a workforce that is representative of the community it serves at all levels of the organisation. We, therefore, welcome applications from all backgrounds and all sections of the community regardless of age, disability, gender, race, religion and sexual orientation.

Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About Financial Controller, Believe

As the Financial Controller at Sentric Music in vibrant Liverpool, you'll step into a pivotal role within a dynamic and rapidly growing music publishing company that has caught the attention of Believe. You will be leading the charge in overseeing the company's financial health, ensuring that everything runs smoothly in compliance with relevant regulations. Your savvy financial insight will be vital to our management team, aiding in budgeting, financial planning, and internal controls. You’ll also serve as the key liaison with our Group headquarters in Paris, collaborating seamlessly to align our financial goals. On a day-to-day basis, you'll take charge of financial reporting, analysis, and prepare management accounts, as well as annual financial statements in accordance with UK GAAP. Your analytical prowess will shine as you create and maintain cash flow forecasts and lead the budgeting process alongside department heads. Additionally, your leadership skills will shine as you mentor a dedicated team of finance professionals, drive continuous improvement in our operations, and ensure we maintain strong internal controls. If you thrive in a collaborative and empowering environment while having a passion for music and finance, Sentric Music offers the perfect chance to make an impact in the industry. Join us as we embark on an exciting journey and help shape the future of music publishing!

Frequently Asked Questions (FAQs) for Financial Controller Role at Believe
What qualifications are required for the Financial Controller position at Sentric Music?

To become a Financial Controller at Sentric Music, candidates should possess a Bachelor's degree and be a CCAB qualified accountant. Additionally, a minimum of 5-7 years of post-qualification experience in financial leadership roles is necessary. Familiarity with GAAP and IFRS, especially in the context of the music industry, would be advantageous.

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What are the key responsibilities of the Financial Controller at Sentric Music?

As a Financial Controller at Sentric Music, your primary responsibilities will encompass overseeing financial reporting and analysis, managing the budgeting process, ensuring compliance with regulations, and leading a team of finance professionals. You'll also be tasked with coordinating external audits and managing tax filings, all while providing financial insights to support business decisions.

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How does the Financial Controller support the leadership team at Sentric Music?

The Financial Controller directly supports the leadership team at Sentric Music by preparing monthly management accounts, budgeting forecasts, and delivering detailed financial analyses. Your insights will empower the leadership to make strategic financial decisions, ensuring alignment with company objectives and driving growth.

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What skills are essential for the Financial Controller role at Sentric Music?

Essential skills for the Financial Controller role at Sentric Music include strong technical accounting skills, excellent analytical and problem-solving abilities, proficiency in Excel and financial modeling, and effective communication skills. A positive attitude towards continuous improvement and leadership experience in managing a finance team are also crucial.

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What benefits does Sentric Music offer to its Financial Controller?

The Financial Controller at Sentric Music can enjoy a flexible hybrid working policy, private health care, a competitive pension plan, and generous annual leave encouraging work-life balance. Additional benefits include tailored training programs, enhanced sickness pay, and participation in a meaningful ambassador program focused on Diversity, Equity & Inclusion.

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Common Interview Questions for Financial Controller
Can you discuss your experience with financial reporting and analysis in previous roles?

In your response, highlight specific examples of financial reports you have prepared, discuss your familiarity with various reporting standards like UK GAAP or IFRS, and demonstrate your analytical skills by mentioning how your findings led to actionable insights or strategic business decisions.

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How do you approach budgeting and forecasting?

Explain your methodology for budgeting, such as involving department heads for collaborative financial planning. Discuss how you utilize historical data and market analysis to create precise forecasts that align with business objectives, showcasing your analytical and strategic thinking.

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Describe a time you improved internal controls within an organization.

Provide a specific scenario where you identified a gap in internal controls, describe the steps you took to enhance them, and discuss the impact of these improvements on the organization’s financial reporting accuracy or operational efficiency.

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What strategies do you implement to ensure regulatory compliance?

In your response, outline your systematic approach to compliance, such as regular reviews of internal processes, keeping up with changes in legislation, and collaborating with external auditors. Discuss how you've successfully navigated compliance issues in the past.

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How do you lead and motivate your finance team?

Share examples of how you've fostered a collaborative and high-performance work environment. Discuss methods you've used to mentor team members, celebrate successes, and encourage continuous learning and improvement within the team.

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What software tools do you use for financial modeling and reporting?

Discuss your proficiency with financial software tools and advanced Excel functions you've effectively utilized for financial modeling. Mention specific tools or software you've worked with and how they've improved your reporting accuracy and efficiency.

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Can you explain your understanding of revenue recognition criteria?

Here, you should discuss the concept of revenue recognition, including the relevant standards such as IFRS 15, and how you've ensured compliance with these criteria in previous roles. Provide specific examples of how you applied this knowledge practically in a work context.

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What do you consider the most challenging aspect of being a Financial Controller?

Reflect on challenges such as ensuring accuracy in complex reporting environments or balancing regulatory demands with business needs. Emphasize your problem-solving mindset and strategies you've successfully used to overcome these obstacles.

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How do you communicate complex financial information to non-financial stakeholders?

Discuss your technique for simplifying complex data, using analogies or visual aids when necessary. Emphasize the importance of clarity and how you've tailored your communication approach to different audiences in previous roles.

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Why are you interested in working for Sentric Music as a Financial Controller?

Your response should resonate with the company’s mission and your passion for the music industry. Talk about how your expertise in finance aligns with Sentric Music’s goals and how you see yourself contributing to the company's growth and success.

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Believe is one of the world's leading digital music companies. Believe's mission is to develop independent artists and labels in the digital world by providing them the solutions they need to grow their audience at each stage of their career and d...

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Full-time, hybrid
DATE POSTED
December 21, 2024

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