SUBSIDIARY ABS-CBN Star Music
POSITION Finance Analyst
WORK LOCATION National Capital Region
DATE POSTED November 09, 2022

BUSINESS SUMMARY

Star Recording, Inc. - or simply, Star Records - was a major diversification move in the evolution of ABS-CBN from a broadcast media to a fully integrated entertainment company. After gaining a solid foothold in film production and distribution (Star Cinema) and merchandising (ABS-CBN Licensing), venturing into the music business was an obvious development. 

Incorporated in February 1995, Star Records began commercial operations in September of the same year, having signed an exclusive distribution agreement with Sony Music Entertainment, covering the entire country except Metro Manila. 

Within a few months, the company managed to set up what has become the largest provincial sales and distribution network, with branches in Cebu, Iloilo, Davao and Cagayan de Oro, complemented by a team of sales representatives for Northern, Central and Southern Luzon.

RESPONSIBILITIES

    Job Summary:

    Responsible in assisting the Finance Officer for the overall direction and control of all financial concerns of  ABS-CBN Music. Scope of responsibility includes providing the Finance Officer detailed analysis and preparation different financial data or reports that the divisions may require.  Acts also as a business partner to assigned business unit or department.  
     

    Duties and Responsibilities:
    FINANCIAL REPORTING AND ANALYSIS

    • Responsible for timely posting of month-end closing entries
    • Responsible for the timely and accurate submission of internal and external reports required of the Service Units and Corporate Finance
    • Responsible for monitoring actual cost versus approved budget per project

    BUDGET REVIEW

    • Responsible in assisting the FO and business units in the preparation and review of profit and loss budget
    • Ensures reasonableness and accuracy of projected revenue and cost 
    REVENUE ACCOUNTING
    • Ensures timely submission of billings to SSC
    • Ensures that all billings are supported with fully signed contract
    • Determine proper recognition of revenue accrual
    • Assists in efficient collection of receivables

    COST ACCOUNTING

    • Ensures all request for payment are within the approved budget
    • Ensures completeness and correctness of supporting documents
    • Ensures timely submission of request for payments to approvers and SSC for processing 

    SONG DATABASE MAINTENANCE

    • Ensures timely approval of songs requests from label heads
    • Ensures song requests are approved by Music Core Group and are covered with contracts
    • Monitors song request exceptions and ensures completion and compliance by the label heads
    • Creates internal order necessary in the activation of songs
    • Validates song details and activates songs

     POLICIES AND PROCEDURES

    • Responsible for the proper implementation of the company’s policies, reporting to the Finance Officer identified gaps and inefficiencies in the existing financial and operational aspects of the Division’s business activities, and proposing solutions to address the gaps/issues

    AUDIT AND INTERNAL CONTROL

    • Ensures compliance on policies and procedures throughout the organization
    • Arranges the periodic review of practices, procedures and systems within the functional area of responsibility and take necessary actions to ensure compliance with Company policies
    • Reviews proposals for significant new practices, procedures, and systems to determine whether Company requirements are satisfied and recommend approval or modification

    OTHER SERVICES

    • Assists the Finance Officer in providing expert advice on tax issues affecting the Divisions handled
    • Serves as advisor to divisions assigned with regards to billing request, cost estimates, and other financial related matters
    • Performs other functions that maybe assigned by the Finance Officer or the Division being handled from time to time.

     

REQUIREMENTS

    Qualifications:

    • Graduate of BS Accountancy or any related business course
    • Minimum of 2 years of relevant experience in corporate finance, financial analysis, and other related fields
    • CPA license or an MBA degree is an advantage
    • Proficient in MS Office applications (Excel, Powerpoint, and Word)
    • Preferably with exposure to SAP financial tools

Preference will be given to candidates who APPLY ONLINE.