OTC Analyst

Overview

Job Description. At Warner Music Group, we’re a global collective of music makers and music lovers, tech innovators and inspired entrepreneurs, game-changing creatives and passionate team members. We are guided by four core principles that underpin everything we do across all our diverse businesses : Music is Everything; Global Growth, Local Expertise; Innovation and Insight; Empowered by People. We remain committed to Diversity, Equity, and Inclusion and encourage applications from people of any age, gender identity, sexual orientation, race, religion, ethnicity, disability, veteran status, and any other characteristic or identity. Consider a career at WMG and get the best of both worlds – an innovative global music company that retains the creative spirit of a nimble independent.

A Little Bit About Our Team

In the immediate term this role will support the Global Finance Transformation team (FIT). FIT is a group of professionals across the WMG organization brought together to re-imagine our processes and systems, with the goal of establishing more standardized and efficient ways of working to drive WMG’s global growth and business aspirations.

Your Role

In the long term, the OTC Analyst will manage daily AR (Accounts Receivable), credit and collection and cash application activities. They will develop and execute continuous process improvements to streamline the order-to-cash process in a Center environment.

Here You’ll Get To

• Prior to the Global Finance Transformation Go-Live you will support the project team with transition activities such as documentation of processes.
• Post implementation, you will provide financial order management support to supply chain and sales personnel to control credit exposure, effect timely payment, and minimize and resolve customer disputes.
• Manage the recording, depositing, researching and application of checks, transactions, and credit cards.
• Ensure all payments are collected, accruals are calculated properly, and cash forecasts are accurate.
• Facilitate monthly A / R close process, including preparation of general ledger, adjustments, journal entries, and reconciliation of specific accounts.
• Complete standard invoice requests and generate billing proposals.
• Ensure that unallocated / unidentified cash receipts are addressed and posted timely.
• Execute collection of assigned customer account portfolio, lead monthly calls with labels related to account balances.
• Evaluate current and delinquent customer accounts, reconciliations / settlements, ensure proper escalation expectations and refer uncollectable debts for write-off.
• Process credit notes and cash allocations; manage and process collections; update bad debts provision.
• Manage customer inquiries and disputes; process dispute / deduction adjustments and write-off balances.
• Perform revenue assurance activities; conduct A / R search queries; liaise with business partners including label and publishing divisions, corporate divisions (tax, legal, etc.) on various projects.
• Process invoices and resolve customer issues in a timely manner; maintain accurate credit and collection files and perform monthly portfolio analysis.

About You

About Us

As the home to 300 Elektra, Asylum, Atlantic, East West, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Rhino, Roadrunner, Sire, Warner Records, Warner Classics, and several other premier recording labels, Warner Music Group champions emerging artists and global superstars alike. Our publishing company, Warner Chappell Music, represents songwriters and producers through a catalogue of more than one million copyrights worldwide. Our consumer brands include UPROXX, Songkick, HipHopDX, and EMP. We’re home to WMX – the next generation services division that connects artists with fans and amplifies brands – and ADA – the global distribution company for independent artists and labels.

We’re Warner Music Group : Music With Vision & Voice.

Love this job and want to apply? Click the “Apply” link at the top of the page or apply directly with your LinkedIn. Applying with LinkedIn will import your profile information but still allow you to upload a resume and cover letter. We’re reviewing resumes to find the best people for WMG, and appreciate your interest.

Thanks for your interest in working for WMG.

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