Finance Assistant at Universal Music Group

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

CIMA/ACCA foundation level student (or looking to commence studies)
Experience in a finance role or other relevant experience in a music/entertainment company
Highly organised
Excellent communicator at all levels/across all departments
Strong Excel skills with experience of updating & preparing reports
Proven Team Player

Responsibilities

Digital/New Media Revenues: Update and maintain cashbook of receipts; Raise invoices, input and post journals as required; Preparation of SAP General Ledger reconciliations; Assist in standard and ad hoc analysis across all digital revenues and cashflows
Recording Costs: Coding of purchase orders and invoices using the in-house purchase order system; Creation and Maintenance of SAP projects; Input and posting journals to SAP General Ledger; Preparation of SAP General Ledger reconciliation; Assist in standard and ad hoc analysis of recording costs
Royalty Report Preparation: Preparation of standard suite of royalty reports using the in-house royalty systems; Preparation of ad hoc royalty and deal reports as required
Provide General Finance Assistance: Assist in testing and implementation of new system and process developments; Assist with the annual SOX compliance programme; Finance Dept Administration; General and Audit assistance as required

Skills

Key technologies and capabilities for this role

ExcelAccountingFinancial AnalysisFinancial PlanningForecasting

Questions & Answers

Common questions about this position

What are the main responsibilities of the Finance Assistant role?

The role involves assisting with invoices, expense claims, and accruals, along with tasks like updating cashbooks, raising invoices, SAP reconciliations, coding purchase orders, posting journals, and preparing royalty reports.

What skills or background are required for this position?

Candidates need an accounting background, passion for working with numbers and Excel, and experience with tasks like SAP reconciliations, journal posting, and financial analysis.

Is this a remote or office-based role?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What kind of company culture does Universal Music Group offer?

The company emphasizes a passionate and dedicated team, collaboration, curiosity, and integrity, with a strong commitment to diversity, inclusion, and making reasonable adjustments for different needs.

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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