Director of Commercial Finance

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

This is a new role in our structure that has been created to lead the Commercial Finance team at PRS, who are responsible for financial planning, forecasting, budgeting, and cost management for both PRS and Joint Venture revenue. The role has 3 direct reports and a team of 11 who are responsible for driving financial performance and informing strategic decision making across all commercial revenue and distribution areas. This role reports directly into the Chief Financial Officer and is part of the Finance Leadership team.

We are looking for a seasoned and inspirational Finance leader with experience of leading Finance Business Partnering teams in organisations managing both direct and joint venture revenues. You will need to have strong strategic thinking abilities and the ability to influence at a senior level. We are looking for someone with experience of elevating the business partnering offering at their organisation to be strategic and commercially minded, as well as a leader with experience of leading through change and driving and motivating a high performing and engaging team.

Responsibilities

As our Director of Commercial Finance, you will

• Lead and supports the Head of Commercial Finance in relation to meetings and presentations involving the MCPS Board and ELT. Provides overall detailed relationship across the span of ELT and JVs, ensuring that directional challenges are being met in detail by each business partnering team.
• Oversee accurate and timely financial planning, forecasting, budgeting, and cost management for both PRS and Joint Venture revenue, ensuring adequate challenge to budget holders to enable budgets to be aligned to the strategic direction of the organisation and deliver sustainable growth.
• Work closely with the CFO, Finance Leadership Team, and PRS Executive Leadership to develop long-term financial strategies for sustainable growth.
• Ensure costs are controlled and fully understood across the business.
• Identify financial risks and develop mitigation strategies related to royalty collections, distribution accuracy and regulatory compliance.
• Ensure adherence to financial governance, industry regulations and audit requirements.
• Provide support and challenge Exec to adopt new initiatives
• Data, Data, Data, using what is at your fingertips to drive decisions and lead team to do so
• Drive the Team and wider Team to become incredibly high performing and transform the way they work.
• Lead accurate and timely annual, quarterly and monthly budget, forecasts and outturns, ensuring adequate challenge to budget holders to enable budgets to be aligned to the strategic direction of the organisation and deliver sustainable growth.
• Produces, circulates, and presents financial analysis, quarterly reports, and other routine management information to the Board, Members Council, CEO and Leadership Team.
• Own the revenue, costs and distribution element for long term (3 - 5 years) planning aligned to the strategic direction of the organisation.

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:

• An accountancy qualification with excellent track record of academic and professional accomplishment.
• Ability to work well as part of a larger team and senior leadership team.
• People leadership experience, including strong coaching, training and motivational skills.
• Strategic thinking skills, able to see the big picture.
• Extensive experience of leading Financial Planning and Reporting.
• Strong commercial acumen.
• Ability to challenge but also support and influence senior leaders
• Experience of developing strategic and commercially minded finance business partners.
• Self motivation with good organisational and communication skills with a strong attention to detail.
• Ability to take a pro-active lead on matters of compliance and control within Finance and the business as a whole.
• Ability to work under pressure and meet tight deadlines.

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

Our interview process for this role is simple:

• 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.