Netflix is the world's leading internet entertainment service with over 247 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. Visit our culture memo (https://jobs.netflix.com/culture/#introduction) and long-term view (https://www.netflixinvestor.com/ir-overview/long-term-view/default.aspx) to learn more about the unique Netflix culture and the opportunity to be part of our team.
The Opportunity
The Finance Strategy & Analysis team is looking for an Associate to provide strategic financial analysis and insights to our global Music Business & Legal Affairs team, with a particular focus on the back-end licenses they negotiate with rights holders and CMOs (collective management organizations). This Associate role will be based out of our London office.
Netflix derives a significant competitive advantage from the highly analytical approach it takes to managing all aspects of the business, and this is equally applicable to the Music Business & Legal Affairs team. The Finance Strategy & Analysis team supports deal negotiation and strategy, guides prioritization efforts, and communicates the financial impact of key decisions across the company. We partner closely with the senior leadership of Netflix who depend heavily on the insights we provide to inform business decisions in this critical and growing area of focus.
This exciting and challenging role will primarily support the distribution side of the Music Business & Legal Affairs group which is responsible for structuring and negotiating agreements with collective management organizations (“CMOs”) all over the world. Most of the CMOs that Netflix works with license music rights, but some manage other types of authors’ or performers’ rights - this role will provide an education on the valuation and licensing of complex IP rights. A central part of the role will be building and managing the financial models to support the CMO team at a global, macro level and for specific deals. This will involve working with internal and external stakeholders, reviewing technical and financial data, and taking ownership of the financial analysis process from start to finish.
Netflix is growing fast with a flat organizational structure, which means that employees are often asked to perform tasks with a range of difficulties. The ideal candidate will be prepared to regularly “roll up their sleeves” to perform more mundane tasks on the same day that they present to the executives of the company.
Responsibilities include:
Preparing deal valuation analyses (rights valuation, model building, scenario testing etc.) in partnership with the CMO team
Modeling and forecasting music rights payments as an input into broader company financial planning
Conducting market research and competitive benchmarking across VOD landscape
Developing strategic frameworks to guide decision making and prioritization
Regularly present analyses and reports on financial impact in an easy-to-understand format to senior business leaders
Compiling post-mortem analyses to identify areas for optimization and improvement
Working cross-functionally with other Finance and Strategy teams globally
Candidate profile:
Curiosity, motivation, discipline, and the ability to work autonomously
An ability to remain highly organized in a loosely structured, fast-paced environment
Interest in the entertainment industry (film, television, music); music experience preferred
Superb financial modeling skills with extensive experience conducting quantitative and qualitative analysis, and an ability to sort through complex data to crystallize business implications
Extremely high attention to detail
Exceptional communication skills with the ability to build relationships with people across all levels and an present complex analyses to executives/senior management clearly and concisely
Prior experience (at least 3 years) in management or economic consulting, investment banking, or an equivalent analytical role