Senior Manager of Financial Planning & Analysis, Spotify
Advertising
$132.9-189.8k
Plus equity
More information about location
2-3 days a week in office
Commercial music streaming service
Job no longer available
Commercial music streaming service
1001+ employees
Job no longer available
$132.9-189.8k
Plus 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 people manager and leader
- Able to influence senior stakeholders and business partners
- 8+ years of experience in a finance setting/FP&A preferably in investment banking or FP&A at a technology and/or media company
- Ideal candidates will have a consistent track record of outstanding financial and strategic analysis and delivering meaningful recommendations based on this analysis
- Display initiative in anticipating and exceeding the business demands of business managers with a sharp eye for detail
- Spotify is fast-growing with a flat organizational structure, which means that managers are often asked to both manage and individually contribute. Candidates must be motivated, focused, flexible, and be able to work autonomously
- Extensive experience conducting quantitative and qualitative financial analysis
- Proficiency working with automated reporting tools (i.e., Netsuite/ Adaptive, Workday financials, etc.)
- Outstanding proficiency with Excel; sophisticated financial modeling
- Excellent verbal and written communication skills
What the job involves
- We are looking for an outstanding Financial Planning & Analysis (FP&A) Senior Manager to join and lead our Advertising FP&A team
- You will run core FP&A responsibilities for the Ads FP&A team and be a key business partner to our Advertising Business Unit (BU) as Spotify continues to help brands and advertisers be heard on our platform across all content types including music and podcasts
- The team is tasked with supporting the Ads BU including forecasting, setting metrics, reporting and performance analysis, investment decisioning, driving efficiency and automation and strategic
- In short, you will be responsible for owning and managing the company’s financial forecasting process as well as partnering with business collaborators to enable and drive financially informed decision-making for Spotify’s advertising business
- To deliver, you will manage a team, partner closely with our Podcast FP&A team, work out of our Spotify offices, and report to the Senior Director of Ads & Podcast FP&A
- Implement and maintain detailed and dynamic financial models to support quarterly forecasts, budgeting and long range planning across the Ads BU P&L and cash flow
- Prepare guidance and financial update materials for the Advertising leads and corporate FP&A team including variance from forecast and identification of risks and opportunities
- Prepare scenario analysis to facilitate discussion when faced with economic trade-offs
- Manage and deliver on operational and analytical processes connected to each accounting period close, including accruals, variance analysis, management reporting, and/or model recalibrations as necessary
- Work with senior leadership within the Ads organization to translate pivotal initiatives into a multi-year roadmap with complete cost and capital requirements
- Identify and create business metrics to understand the operational and financial health of the business and drive improvement
- Identify operating improvements, deep dive on cost structures, and analyze business opportunities/investments across content categories and geographies
- Assess the financial viability of new business ideas and initiatives and develop metrics to assess the ongoing impact post launch
- Working with Spotify engineering and vendor partners to craft and improve systems to ensure timely, accurate and complete information sharing
- Influence others, insist on the highest standards, and have a bias for action
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.
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