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Title
Finance Director, Korea (hereafter FD)
Location
Seoul
Job Summary
This is a very important position due to importance of the Korean Music Market and global influence of Korean Music around the globe. The FD is a best-in-class finance professional and business partner, who has strong commercial understanding of businesses and will be responsible for leading and developing a capable, finance function which also covers: Business Support/Partnering, Financial and Strategic Planning/Analysis, Physical Supply Chain, Projects/ Commercial Partnerships /Investments, Accounting/Controllership, Treasury, Tax, Financial Audit, Royalty Accounting, Financial Control as well as Team Leadership/Management.
The role will involve supporting the Managing Director of Korea in business decisions and being a key player in the leadership team as supporting the management of any business impact/acquisitions, joint ventures and other commercial partnerships.
Reports to
Managing Director Korea (Dotted line CFO South East Asia & Korea)
Position Summary
The FD is the country’s finance lead, finance expert and key business & growth partner in the business for Korea, and able to facilitate execution and impact/business support.
The reports include the finance team leads in Korea.
The mandate includes structuring new business growth opportunities, strengthening the country finance team (technical competencies and commercial capabilities), ensure business partnering from end-to-end, review/design and implementation of systems, processes and internal control and compliance measures appropriate for the business, evaluation and implementation of shared services strategies, effective key finance stakeholders’ relationship management in the region and with headquarters.
Specific Responsibilities
Responsible for the business partnering finance strategy and delivery in Korea, facilitating the growth roadmap and accelerating the finance platform and the business.
Business Support & Partnering
Support the MD, leadership team in Korea and CFO SEAK to deliver the strategy, also considering objectives and budgets
Ensure that strong relationships are developed with the local department heads (HOD), regional teams and other internal stakeholders or other support functions
Provide financial advice and information to secure and safeguard the company’s resources and assets; develop and implement governance and control processes to protect business assets, (incl. ensuring corrective actions identified by internal / external audits are implemented)
Work with the business leaders (MD, local HOD and CFO SEAK) to drive the business forward by playing a key role in leadership meetings as required
Align to Regional/Global finance focus and initiatives, look for process improvements within the business to deliver better information to decision-makers and support all business efficiency improvement efforts across the country
Financial Planning & Analysis
Support the MD and leadership team in Korea to deliver the financial and business strategy
Manage the development, preparation and review of all financial plans (with MD, business leaders, commercial teams and regional finance), incl. annual budgets and quarterly forecasts, medium term strategic plans, business plans, forecasts and analysis, forecasts and presentations as per global guidelines
Spearhead monthly closing process, review monthly results and forecasts, flagging potential issues and opportunities, and providing clear variance analysis and commentary on key drivers of revenues, margin, costs, cash flow profiles, projects/capital expenditures, key…