Assistant Accounting Analyst, North America Finance at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, Entertainment, FinanceIndustries

Requirements

Relevant experience in the finance industry with a strong interest in accounting
Bachelor’s degree, including some accounting classes preferred
Proficient in Microsoft Office with strong Excel skills (pivot tables, advanced formulas, ability to handle formula errors)
Self-motivated, proactive, and resourceful
Takes initiative, can learn to work independently
Thinks independently and critically, with excellent oral and written communication skills
Solid analytical, organizational, and problem-solving skills
Music industry knowledge a plus

Responsibilities

Assist in the day-to-day administrative support for the North America Finance team
Prepare and/or update financial schedules using Excel, including monthly report / journal entry preparation, downloading reports from general ledger, accounting support
Assist in monthly close and forecast process by updating financial schedules, compiling financial reporting packages and providing variance analysis assistance
Run reports from UMPG’s internal Business Intelligence and royalty system to assist with financial reporting
Compile and distribute monthly T&E reports to department heads
Maintain division organizational charts and headcount overviews
Liaise with other UMPG Departments for expense / billing support inquiries
Coordinate travel arrangements, compose travel itinerary and manage/update calendars for internal meetings
Maintain and submit expense reports for department head in a timely fashion
Other duties include special projects and ad-hoc requests as assigned, including organizing department team events

Skills

Key technologies and capabilities for this role

Excelpivot tablesadvanced formulasfinancial schedulesjournal entry preparationvariance analysisfinancial reportingBusiness Intelligenceroyalty systemsMicrosoft Office

Questions & Answers

Common questions about this position

What benefits does Universal Music Group offer?

UMG provides 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, 100% immediately vested 401(k) match on the first 5% of contributions, flexible PTO for exempt employees, 3 weeks PTO for non-exempt, 2 weeks paid Winter Break, and 10 company holidays.

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

This information is not specified in the job description.

What skills are required for the Assistant Accounting Analyst role?

Candidates need proficient Microsoft Office skills with strong Excel expertise (pivot tables, advanced formulas, handling formula errors), solid analytical, organizational, and problem-solving skills, plus excellent oral and written communication abilities.

What is the company culture like at Universal Music Group?

UMG is an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit, with a commitment to artistry, innovation, and entrepreneurship.

What makes a strong candidate for this position?

A strong candidate has relevant finance industry experience with a strong interest in accounting, a Bachelor’s degree with some accounting classes preferred, self-motivation, proactivity, resourcefulness, initiative to work independently, critical thinking, and music industry knowledge as a plus.

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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