Analyst, Finance at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

MusicIndustries

Requirements

Bachelor’s degree (in Accounting or Finance preferred)
Excel – intermediate to advanced proficiency (pivot tables, formulas, lookups)
1–2 years of hands-on accounting experience, including preparing journal entries and account reconciliations
Solid understanding of GAAP and/or royalty accounting is highly preferred
Comfortable working with large volumes of data
Strong organizational and analytical skills with attention to detail
Ability to manage multiple priorities in a deadline-driven environment
Experience with SAP or similar ERP systems is a plus
Interest or background in music publishing and royalties is a plus

Responsibilities

Prepare, enter, and review journal entries
Support the month-end close processes, ensuring deadlines are met and financial data is complete and accurate
Perform account reconciliations for cash, accounts receivables, and deferred income accounts
Use SAP and BI Tools (i.e. Domo) to extract, reconcile, and analyze financial data and support reporting needs
Work with cross-functional teams (Royalty) to align accounting records with royalty income and payment cycles
Maintain supporting documentation and ensure compliance with internal controls and audit requirements
Contribute to ongoing improvements in financial systems, processes, and documentation standards

Skills

Key technologies and capabilities for this role

ExcelPivot TablesVLOOKUPSAPDomoGAAPJournal EntriesAccount ReconciliationsMonth-End Close

Questions & Answers

Common questions about this position

What benefits are offered for this Financial Analyst role?

Benefits include comprehensive medical, dental, vision, and FSA options, 100% coverage for out-patient mental health services, wellbeing reimbursements up to $720/year, a $30,000 lifetime fertility support allowance, student loan repayment assistance, tuition reimbursement, and 100% immediately vested 401(k) match on the first 5% of contributions.

What are the required skills and qualifications for this position?

Candidates need a Bachelor’s degree (Accounting or Finance preferred), intermediate to advanced Excel proficiency (pivot tables, formulas, lookups), 1–2 years of hands-on accounting experience including journal entries and reconciliations, solid understanding of GAAP and/or royalty accounting preferred, and strong organizational and analytical skills.

What is the salary for the Analyst, Finance role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What does UMG's company culture emphasize?

UMG values artistry, innovation, entrepreneurship, authenticity, drive, creativity, relationships, and a competitive spirit in an entrepreneurial, global organization.

Universal Music Group

Global music recording, publishing, and distribution

About Universal Music Group

Universal Music Group (UMG) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandise. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Santa Monica, CaliforniaHeadquarters

1934Year Founded

$3,890.9MTotal Funding

IPOCompany Stage

Consumer Goods, EntertainmentIndustries

10,001+Employees

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

Risks

Legal battle with Drake over 'pay-for-play' could harm UMG's reputation.

Downtown Music acquisition may face regulatory scrutiny, delaying expansion plans.

AI partnership with Amazon may not fully address evolving AI content challenges.

Differentiation

UMG leads the music industry with a diverse global presence in 60+ countries.

UMG's artist-centric streaming model enhances engagement and revenue for musicians.

UMG's strategic partnerships, like with Amazon, bolster innovation and content protection.

Upsides

UMG's acquisition of Downtown Music boosts its independent music sector presence.

Partnership with KLAY Vision positions UMG as a leader in AI-driven music innovation.

Collaboration with WPP enhances UMG's marketing capabilities and global reach.

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