Senior Manager of Finance, Spotify
IRL Ventures
$153-218.5k
+ Equity
More information about location
2-3 days a week in office
Commercial music streaming service
Be an early applicant
Commercial music streaming service
1001+ employees
Be an early applicant
$153-218.5k
+ Equity
More information about location
2-3 days a week in office
1001+ employees
Company mission
To unlock the potential of human creativity—by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it
Role
Who you are
- Experienced Finance Professional: 6+ years in FP&A, Corporate Development, or Investment Banking. Experience in industries with physical footprints (e.g., Real Estate, Hospitality, Retail, or Entertainment) is highly preferred
- Sophisticated Modeler: Can build dynamic models that handle complex variables like construction ramp-ups, negative working capital, and lease capitalization and distill models into key assumptions
- Trust builder: You have a "sharp eye for detail” along with the ability to influence senior stakeholders both in Finance and across Spotify through clear, data-driven narratives and investment cases
- Operational Mindset: You are comfortable navigating ambiguity and building processes from scratch in a fast-paced, flat organizational structure
- Systems familiarity: Comfortable automated reporting tools (Netsuite/Adaptive, Workday Financials) and an interest in leveraging AI to drive analytical throughput
What the job involves
- Spotify is looking for a seasoned Senior Manager to join our Finance team to support the evaluation and potential operation of new in person experiences. As Spotify continues to evolve beyond digital streaming, we are exploring initiatives that bridge the gap between our platform’s global reach and the physical-world
- This is a "foundational" finance role responsible for building the investment models, unit economic frameworks, and operational governance for these new initiatives. You will partner with leadership and the business to produce scenario analysis and manage the financial lifecycle of infrastructure and operational investments
- Modeling: Lead the development of multi-year financial models for capital-intensive projects, managing budgets and long-term recoupment cycles
- Unit Economics: partner with the business to determine the appropriate "Single Unit" P&L framework. Analyze revenue drivers (including secondary monetization streams) and cost structures to ensure investments meet IRR and cash flow targets
- Strategic Investment Appraisal: Provide financial partnership scenario analysis
- Market Entry Analysis: Partner with the business to evaluate commercial structures, and regional economic variables to optimize potential roadmaps
- Performance Governance: Establish the reporting infrastructure for these new initiatives, translating operations into clear financial narratives for leadership
- Cross-Functional Partnership: Act as the primary finance lead for a diverse team of operators across Spotify
Our take
Spotify was founded in an attempt to combat the rampant music piracy that was causing significant harm to the industry. The company has since taken music streaming mainstream and now has 180m+ paying subscribers across the world.
With features that include a highly accessible interface and a vast catalogue of artists, Spotify's strong brand has been able to maintain growth in spite of fierce competition from deep-pocketed rivals like Amazon and Apple. The company has achieved this by making smart acquisitions to move into other verticals to strengthen its offerings, especially podcasting, by acquiring Gimlet Media, Anchor and Parcast.
Spotify's future plans include rapid growth with a goal to become a one-stop destination for all digital sound, as well as AI and NFT integrations. However, high costs incurred from the acquisition of exclusive podcasts, increasing competitor strength, and weak bottom-line growth mean that the company must find a balance to maintain its position in the sector.
Freddie
Company Specialist at Welcome to the Jungle
Insights
23% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jan 2016
$1bn
CONVERTIBLE
Jun 2015
$526m
SERIES G
Total funding: $2.1bn
Company benefits
- Extensive learning opportunities, through our dedicated team, GreenHouse
- Flexible share incentives letting you choose how you share in our success
- Global parental leave, six months off - fully paid - for all new parents
- All The Feels, our employee assistance program and self-care hub
- Flexible public holidays, swap days off according to your values and beliefs
Company HQ
Norrmalm, Stockholm, Stockholms län
Leadership
Daniel Ek
(CEO & Chairman)Founded Spotify in 2006. Previously worked as an executive at Tradera, an auction company that was sold to eBay and was briefly the CEO of uTorrent.
Salary benchmarks
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