Universal Music Group

Global Financial Reporting Analyst

London, England, United Kingdom

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Music, EntertainmentIndustries

Job Description

Employment Type: Full time

Position Overview

Universal Music is seeking a dedicated individual to join the Global Finance team as an Analyst. Reporting to the Global Financial Reporting Manager, this post-qualified role will focus on supporting the delivery of the group’s financial reporting process. The Global Financial Reporting team is responsible for consolidating global operating company results, preparing financial statements, reviewing operating company financial reporting, communicating results to corporate shareholders, and providing analysis and presentations to management. The team also supports the UMG CFO, UMG Board, and Heads of Finance in operating companies.

Key Responsibilities

  • Support the development, analysis, review, and presentation of Group Management Accounts, Financial Statements, and other financial KPIs for senior management.
  • Ensure completion of key month-end processes and Group-level analysis, including intercompany reconciliation & eliminations, consolidation entries, and central adjustments.
  • Take responsibility for functional processes within the UMG NV consolidation.
  • Own specific Balance Sheet analysis areas for monthly and quarterly reporting.
  • Support the Reporting Team in the review, implementation, and continuous monitoring of financial controls and the control environment.
  • Assist with Financial Reporting policy matters, such as those related to Music Catalogue or Investment transaction activity.
  • Support the maintenance of the internal chart of accounts and financial group reporting structures.
  • Assist with the Group audit process.
  • Provide additional off-cycle support to the line manager and other senior members of the Global Financial Reporting team.

Requirements

Essential

  • A relevant professional qualification (ACA, ACCA, CIMA, or equivalent).
  • Experience in financial controls and accounting, either from within a business or as an auditor.
  • Experience with financial reporting requirements, specifically IFRS and the interpretation of new standards.
  • Ability to work effectively in a team environment and collaborate with colleagues at all levels.
  • Strong communication skills, both verbal and written. Must be able to explain and present financial results clearly, accurately, and concisely.
  • Strong planning and organizational skills.

Company Information

Music is Universal. It’s the passionate and dedicated team at Universal Music who help make us the world’s leading music company. From A&R to finance, legal to digital, sales to marketing, Universal Music is the place to grow and develop your career within a truly commercial and innovative business that leads in everything it does.

Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of gender, race, disability, sexual orientation, religion, belief, age, marital status, background, pregnancy, or caring responsibilities. We also recognise the importance of diversity of thought within our teams and are fully committed to embracing the talents of people with autism, dyslexia, ADHD, and other forms of neurocognitive variation.

We will always seek to make appropriate adjustments to recruitment, workplaces, and work processes to be fully inclusive to people with different needs and working styles. If you need us to make any reasonable adjustments for you from application onwards, including alternatives to the online form or to disclose a neurocognitive condition, please email UniversalMusicCareers@umusic.com.

Skills

Financial Reporting
Consolidation
Financial Statements
Financial Analysis
Presentations
GAAP
IFRS

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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