Finance Assistant at Universal Music Group

London, England, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

A genuine interest in the music industry and in building a career within it
A desire to become a finance professional
A team player who is good at building professional relationships and adapting a personal approach to deal with different personalities who have varying levels of knowledge and skills across the organisation
Ability to communicate effectively, verbally and in written form
Strong computer literacy and excellent Excel (or equivalent) skills
Excellent analytical skills

Responsibilities

Assist in the running of monthly management presentations across key analysis areas
Use a range of systems to extract key reports to support both monthly and ad hoc analysis
Support in the quarterly forecast and annual plan processes, running key reports and reconciliations and collaborating with finance teams across the globe to gather additional information and data
Learn about industry and market trends and review VMG performance against the latest Forecast, Plan and prior year through tracking of KPIs and deal level P&Ls
Support the monthly reporting process including the preparation of reconciliations, control and assurance reports, and UMG Global Finance deliverables
Be involved in the monthly royalty processing for selected operating entities
Gain experience in using key financial reporting systems, such as SAP and Hyperion, supporting the month end processes and validation procedures
Provide additional off-cycle support to the wider VMG team (assisting with new supplier set up and ad hoc financial system queries)
Ensure accuracy, compliance and consistency across financial processes and reporting activities

Skills

Key technologies and capabilities for this role

Finance OperationsFinancial PlanningFinancial AnalysisExcelAccounting

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time role.

What is the work location or remote policy for this role?

This information is not specified in the job description.

What skills are needed for the Finance Assistant role?

The role requires skills in financial planning and analysis, using systems to extract reports, running reconciliations, and collaborating with global finance teams, along with understanding industry trends and KPIs.

What is the company culture like at Virgin Music Group?

The company fosters a creative environment that values diversity, inclusion, and excellence, with a commitment to embracing neurocognitive diversity and making adjustments for inclusivity.

What makes a strong candidate for this Finance Assistant position?

Strong candidates will have an interest in the music industry, eagerness to learn about global finance operations and trends, and the ability to collaborate with international teams while handling reports and analysis.

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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