Director, Technical Accounting & Financial Reporting

About the Company

BMI is a mission-driven organization at the forefront of music rights and creator advocacy. Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, BMI is a global leader in music rights management. Currently representing the public performance rights in over 25 million musical works created and owned by more than 1.4 million artists. BMI negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are publicly performed.

Direct and support accounting departments technical accounting, financial reporting and analysis, consolidation activities, with a particular emphasis on capitalized software and fixed asset accounting.. Responsible for GAAP compliance, multi-entity consolidation and intercompany accounting, financial statement preparation and review, internal controls, quarterly reporting deliverables, and technical accounting research for complex and non-routine transactions.

FUNCTIONS OF THE JOB

Essential Functions:

Capitalized software, Fixed Assets and IT Accounting

• Manage senior accountant responsible for fixed assets and capital expenditures.
• Ensure proper capitalization of internally developed software in accordance with ASC 350, including review of stage classification and capitalizable cost determination
• Review and record journal entries for all IT-related costs — capital and expense — ensuring proper classification and allocation between the two.
• Review and provide analysis for all IT expenditures, including proper allocation between expense and capital and provide monthly executive level reporting.
• Overseeannual impairment review of fixed assets and capitalized software.
• Provide oversight for the Oracle fixed assets module to include proper asset classifications, strategic initiative setup and segregation of assets to the proper entity.
• Review reconciliations of IT time reporting in RMS to Oracle fixed assets to ensure the systems are in synch.
• Collaborate with the resource manager toensure the employee, contractor and consultant roster are properly allocated between business as usual and addbacks to properly report costs.
• Ensure fixed assets are properly allocated by legal entity to support accurate consolidation and elimination of intercompany asset transfers.
• Participate in General Service procurements meetings to provide financial analysis and guidelines for capitalization.
• Collaborate with FP&A on Workday Adaptive input, reporting and sheet buildouts for capital and expenses.

Financial Accounting & Technical Research

• Review or perform month end transaction review, journal entries, and financial statement variance analysis for assigned departments.
• Coordinate team efforts formulti-company, multi-currency eliminations & consolidations; prepare/review intercompany reconciliations, elimination entries, and consolidated financial statements in accordance with GAAP. Ability to understand ERP set-ups and assist with decision making on how to modify when needed.
• Oversee the end-to-end intercompany transaction process, including billing, settlements, and resolution of intercompany out-of-balance positions across all legal entities in collaboration with the International Controller.
• Develop and maintain an intercompany accounting policy and procedures manual; ensure consistent treatment across entities and compliance with transfer-pricing documentation requirements.
• Monitor addbacks for adjusted EBITDA to ensure properly set up on the system andthat costs is a justified addback.
• Participate in preparation of monthly financial statements and annual audited financial statements.
• Prepare/review monthly reconciliations for various general ledger accounts.
• Proactively design and maintain actionable reporting and metrics that are appropriate for audiences from development team members to executive management to BMI's owners independently or in corroboration with others.
• Review work papers for property tax, property allocation, research & development and various others as assigned.
• Participate in year-end external financial audit.
• Serve as accounting decision maker in corporate projects in developing approach, business requirements and financial analysis, while ensuring that accounting requirements are adhered to.
• Maintain andupdate applicable accounting policies, process flows and procedures.

Supervisory Responsibilities

Directly supervise team members while providing appropriate leadership,…