Assistant Manager, Finance at Universal Music Group

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Bachelor’s degree in Finance, Accounting, or a related field. A professional certification such as CPA, ACCA, or CMA is preferred
Minimum of 3-5 years of experience in a finance or accounting role, with some supervisory experience
Proficiency in financial software (e.g., SAP, Oracle) and Microsoft Office Suite, particularly Excel
Strong analytical and problem-solving skills with attention to detail
Excellent verbal and written communication skills
Ability to work collaboratively in a team environment and manage multiple priorities
In-depth understanding of financial principles and practices
Adherence to ethical standards and the ability to handle sensitive information confidentially
Ability to adapt to changing business needs and work in a fast-paced environment

Responsibilities

Assist in the preparation of monthly, quarterly, and annual financial statements
Ensure accurate and timely reporting of all financial information
Support the Finance Manager in preparing management reports and presenting findings to senior management
Assist in the development of the annual budget and financial forecasts
Monitor and analyze budget variances and provide recommendations for corrective actions
Work with department heads to ensure budget adherence
Conduct financial analysis to support business decisions
Analyze financial data, identify trends, and provide insights to improve financial performance
Assist in evaluating investment opportunities and financial risks
Assist in monitoring and managing the company’s cash flow
Prepare cash flow forecasts and ensure sufficient liquidity for business operations
Ensure compliance with financial regulations and company policies
Assist with internal and external audits, including the preparation of audit schedules and documentation
Maintain accurate and organized financial records
Identify areas for process improvements in financial operations
Assist in the implementation of new financial systems, procedures, and controls to enhance efficiency
Participate in special projects as assigned by the Finance Director
Provide support for mergers, acquisitions, or other corporate finance activities

Skills

Financial Reporting

Budgeting

Forecasting

Financial Analysis

Cash Flow Management

Variance Analysis

Management Reporting

Financial Compliance

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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