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Department Overview
Part of Disney Entertainment (DE) Controllership within Enterprise Financial Services (EFS), this role supports the Disney Music Group (DMG) Music Publishing business.
ENTERPRISE FINANCIAL SERVICES is dedicated to providing high quality information and services to our business partners. The Controllership team records, reports, and analyzes a wide variety of revenues, expenses, and KPIs. We support the decision-making process while earning assurance and respect by efficiently reporting and maintaining accurate and timely financial data. We promote innovation and growth by developing our employees and maximizing technology while maintaining a fun environment.
DISNEY MUSIC GROUP is the music hub for The Walt Disney Company (TWDC), encompassing all aspects of music commercialization and marketing: recorded music (Walt Disney Records and Hollywood Records), Disney Music Publishing, and Disney Concerts. DMG distributes music both physically and digitally, and also licenses music throughout the world in various forms of media including television, print, gaming, and consumer products.
Job Description
We are searching for innovative team members who are flexible and agile to meet the needs of our changing business. Ideal candidates will be curious and teachable. They will be passionate about getting it right in all aspects of their role and will collaborate with and support business partners, customers, and leaders. Candidates will be observant and will proactively seek opportunities for efficiency, innovation, and continual process improvements. They will be willing to share those creative ideas with others.
Reporting to the Manager of Music Publishing Accounting as the Financial Accounting Analyst (FAA), you will be responsible for processing incoming cash receipts and royalty revenue statements. Cash receipts application involves reviewing daily bank wire and lockbox activity to record journal entries in the Accounting General Ledger, as well as creating data entries and making corrections in the Music Royalty System to account for all payments accurately. Statement processing involves utilizing Excel functions to prepare and upload royalty data files, validating data accuracy, and researching and matching royalty income to song titles to determine proper mapping of song records in the Music Royalty System.
This position requires a professional who is highly motivated and a self-starter. You will develop professional relationships and will collaborate with various business partners in order to complete tasks assigned. You will also have the opportunity to perform accounting transaction research and analysis and prepare reports for management to assist with business review and decisions. Additionally, the role will assist with accounting quarter-end close responsibilities, including but not limited to preparing journal entries, account reconciliations, and ad-hoc requests for analysis schedules.
An ideal candidate must be well-organized, detail-oriented, and be able to perform a variety of tasks under time pressure and strict deadlines. This is an exciting opportunity for a top finance/accounting professional to utilize expertise in a challenging, rewarding and creative environment while gaining valuable experience in the music industry.
Responsibilities
- Record journal entries in SAP (general ledger) for incoming cash receipts and pull payment detail support
- Create and update records in the Music Royalty system for cash and royalty revenue statement records for new payment receipts, corrections, and cancellations
- Utilize Excel to perform VLOOKUPs, reformat, and prepare royalty revenue statements for data upload
- Review, process, and track music royalty revenue statements from a variety of income sources
- Communicate and conduct researches with both third-party licensees and internal business partners to ensure statements are processed accurately with information obtained
- Monitor unprocessed revenue balances and prepare reports and analysis for Manager’s review as requested
- Assist with ad hoc projects/analysis requests related to royalty revenue statement and cash processing
- Assist with preparations of balance sheet account reconciliations, journal entries and supporting documentation related to quarter-close tasks as needed
- Establish an environment of continuous improvement to identify, develop, and implement process changes to increase accuracy of financial records and efficiency of processes
Basic Qualifications
- Understanding of accounting fundamentals (e.g., debit/credits, financial statements)
- Ability to succeed in a team environment and work with multiple business partners
- Ability to prioritize workload and escalate conflicting priorities
- Strong quantitative and problem-solving skills
- Intermediate Excel knowledge (vlookups, pivot tables, etc.)
- Adaptability and flexibility for changing needs and audiences
Preferred Qualifications
- Prior experience with or knowledge of SAP preferred
- Music and Entertainment/Media experience a plus
- Knowledge of music business and royalty revenue accounting
Required Education
- Bachelor’s degree in Accounting, Finance or Business Administration with 2-5 years of relevant experience
About The Walt Disney Company:
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with the following business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. From humble beginnings as a cartoon studio in the 1920s to its preeminent name in the entertainment industry today, Disney proudly continues its legacy of creating world-class experiences for everyone. Disney’s stories, characters, and experiences reach people from every corner of the globe. With operations in more than 40 countries, our employees and cast members work together to create entertainment experiences that are both universally and locally cherished.
The Walt Disney Company is an equal opportunity employer. Applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other basis prohibited by federal, state, or local law. Disney fosters a business culture where ideas and decisions from all people help us grow, innovate, and create the best stories while being relevant in a rapidly changing world.
The hiring range for this position in California is $84,600 to $103,400 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate’s geographic region, job-related knowledge, skills, and experience among other factors. A bonus and/or long-term incentive units may be provided as part of the compensation package, in addition to the full range of medical, financial, and/or other benefits, dependent on the level and position offered.
