Manager, Financial Planning & Analysis

Position Summary

Assists in managing the financial planning and analysis activities of BMI, ensuring that strategic financial choices align with business objectives. Creates long-term financial plans, budgets, and forecasts by assessing current financial data and analyzing market trends. Delivers insights and recommendations for leadership to aid decision-making and enhance financial performance. Reviews investment options, evaluate risks, and identify potential cost-saving measures. Collaborates with different departments to ensure financial plans are in line with operational goals. Generates detailed financial reports and presentations for stakeholders, outlining key findings and recommendations for action. Provides financial support and expertise as it relates to debt compliance, treasury activities, and business planning cycles (budgeting and forecasting) and monthly financial reporting and variance analysis.

LOCATION

Nashville, TN office. BMI has transitioned back to working in the office on a regular hybrid schedule. At present, most team members are expected in the office three (3) days a week. Decisions regarding future transitions will take place in phases as BMI continues to closely monitor COVID-19 as employee safety is our priority.

Functions Of The Job

Essential Functions: representative but not all inclusive of those commonly associated with this position.

Treasury Activities

• Primary responsibility for periodic reporting under the company’s debt indenture.
• Completes timely reports reflecting cash receipts and payments and allocation of funds in accordance with the debt offering memorandum.
• Directs cash transfers between legal entities and accounting within legal entities, always ensuring adequate liquidity.
• Reconciles and settles intercompany cash.
• Optimizes (interest) yield while balancing liquidity.
• Coordinates strategic problem solving with internal and external partners.
• Works with Accounting team on financial statement disclosures related to indebtedness.
• Coordinates with outside service providers related to cash management and debt compliance activities.
• Assists in the completion of month-end activities related to cash management, including cash flow forecasts, actual vs. budget analysis, accessing bank account, balances, etc.
• Contributes to the 13-week “direct method” cash flow forecast, inclusive of scenario planning.
• Assists in analyzing variances to budget and prior periods.
• Assists in reconciling the 13-week direct cash flow forecast with the monthly indirect forecast at the end of each quarter.
• Conducts quarterly audits of bank website user access and responsibilities.
  

Business Planning (Annual Budget Development and Forecast Updates)

• Actively participates in the annual planning cycles (budget, forecasts, etc.).
• Serves as a business partner with departmental budget leaders to answer questions, provide support, and enforce compliance with FP&A deadlines and requirements,
• Produces reports and supporting schedules as needed, either manually or from budget planning tool (Workday Adaptive Planning).
• Creates budget for capital expenditures and depreciation & amortization, including both building & equipment as well as intangible and software assets, and explains any key variances/changes.
• Assists in the creation of the annual budget package and related presentations.
• Serves as business partner with department leaders in timely preparation of their annual budget submissions (revenues, expenses, capital spending) and periodic forecasts (mid-year, quarterly, annual, etc.).
• Provides useful information in helping department leaders develop their budgets.
• Answers questions and provide analysis as requested.
• Maintains an open dialogue with department leaders on budget items to meet project deadlines
• Develops full understanding of plan inputs submitted.
• Assists in the maintenance of cash flow and balance sheet forecasting models, either manually or in budget planning system (Workday Adaptive Planning).
• Contributes to the completion of periodic reporting to private equity ownership.
• Assists in the maintenance of the department’s Enterprise Performance Management software (Workday Adaptive Planning) including building reports, maintaining model structure (departments, accounts, user permissions, etc.), adding or updating users’ access, and other maintenance issues.
• Maintains & improves on training & reference materials for the department’s Enterprise Performance Management software (Workday Adaptive Planning) and assist department heads with using it as needed.
• Assists in other departmental or cross-functional improvement projects as needed.
  

Business/Strategic Analysis

• Stays abreast of current industry trends relevant to BMI’s business and use current technology/tools to enhance the effectiveness of deliverables and service.
• Assists in evaluating capital expenditure requests as requested.
• Completes ad hoc reports and analysis as requested.
• Assists the Accounting team with actual vs budget analysis as needed.
  
  

Position Qualification Requirements

Education/Knowledge: Bachelor’s degree in accounting/finance/economics required. MBA preferred.

Experience: Minimum five (5) years’ experience in finance, accounting or analytical experience required.

• Experience building complex models using Excel (forecasts, acquisitions, capital investments, etc.).
• Business planning (budget or long-range) experience preferred.
• Experience with Enterprise Performance Management software preferred.
  
  

Skills And Abilities

Which may be representative but not all inclusive of those commonly associated with this position.

• Expert understanding of finance theory and principles (discounted cash flow analysis, lease versus buy, weighted average cost of capital, etc.).
• General understanding of financial markets, investment strategies and investment types.
• General understanding of accounting.
• High-energy self-starter with history of successful accomplishments.
• Strong attention to detail.
• Quality focused.
• Process improvement focused.
• Calm under pressure.
• Acts with a sense of urgency commensurate with the situation.
• Excellent financial/business acumen.
• Strong oral and written communication and presentation skills.
• Able to simplify and effectively communicate complex information.
  
  

License(s)/Certifications Required

Certified Public Accountant, Certified Financial Analyst, Certified FP&A preferred.

SALARY RANGE

The specific base salary offered to a successful applicant will be based on individual qualifications, skills, experience, and education. The pay range is subject to change at any time based on various internal and external factors. The position may also be eligible for one or more performance-based bonuses. In addition to cash compensation, BMI offers a competitive portfolio of benefits to its employees, as described below.

What We Give To You

• Health, dental, and vision insurance
• 401K with employer match
• Flexible spending accounts
• Paid vacation and paid sick/personal time
• 12 paid calendar holidays
• Paid volunteer time off
• Summer hours that offer more time for fun in the sun
• Company paid life insurance
• Up to 12 weeks paid parental leave
• Tuition assistance for qualified team members
• Commuter benefits (New York)
• Amazing and engaging culture
• Employee Resource Groups
  
  

BROADCAST MUSIC, INC. IS AN EQUAL OPPORTUNITY EMPLOYER: All applicants will receive equal opportunity for employment without regard of race, color, sex, religion, nationality, age, sexual orientation, gender identity and/or expression, veteran’s or marital status, disability, or any other cultural factor.