SUBSIDIARY ABS-CBN Star Music
POSITION Finance Manager
WORK LOCATION National Capital Region
DATE POSTED October 05, 2018

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

    FINANCIAL REPORTING AND ANALYSIS
    1. Ensures timely and accurate submission of variance analysis of the current vs budget vs previous period.
    2. Reviews and validates various management report such as Profitability reports, Production cost reports, Profit and Loss.
    3. Ensures accuracy and completeness of recorded revenues, colelctions, adjustments, and receivables.
    4. Manages financial ratios/analyses and financial projections with optimal financial opportunities. Reviews break-even point of projects and use the same to determine the activity level needed to achieve a desired target profit.
    5. Calculates financial impact or projected financial results of all programs/projects. Compute for applicable financial ratios.

    BUDGETING AND FORECASTING
    1. Reviews and validates budget assumptions for resoanbleness.
    2. Consolidates abd presents to Star Music and MOR 101.9 annual budget covering revenue, production and operating costs, GAEX and CAPEX.

    AUDIT AND INTERNAL CONTROL
    1. Ensures compliance with company policies and procedures.
    2. Ensures strict implementation of audit recommendations arising from both internal and external audit reviews.
    3. Recommends improvements in internal control system and monitor subsequent implementations, if approved.

    OTHERS
    1. Trains, coaches, and attends to questions and issues in relation to finance
    2. Participates in the negotiations and reviews the contracts, MOAs or deal memos.
    3. Assists in the business case formulation for new business or projects.
     

REQUIREMENTS

    • Excellent interpersonal, written, and oral communication skills.
    • Ability to work in a team fostered environment.
    • Ability to work in a multi-tasked environment.
    • Ability to prioritize and organize work.

Preference will be given to candidates who APPLY ONLINE.