[Remote] Manager, Royalty Accounting at Universal Music Group

California, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

5+ years’ experience in a distribution, participations, or royalty accounting role preferred
Background in accounting and/or finance preferred
Proficiency with MS-Office Suite and possess outstanding Excel skills (e.g. Nested Functions, V-Lookups, Pivot tables, etc.)
SAP experience a plus
Extremely detail-oriented, excellent planning and execution skills with a proven ability to establish and meet impactful goals and objectives
Ability to handle multiple projects, deal with tight deadlines, and work independently
Willingness to work outside normal responsibilities to achieve desired results
Strong analytical, problem-solving and communication skills

Responsibilities

Assist with running monthly royalty cycles, ensuring accuracy in both inputs/outputs, client rate structures and other high-level calculations
Manage tight monthly deadlines to ensure accurate sales reporting and accounting statement packages are delivered
Lead and manage a team of 2-3 employees including assigning tasks, monitoring progress and ensuring timely completion of duties
Work closely with overall Finance team to identify process improvements, communicate findings to stakeholders with recommendations for mitigation, and oversee implementation
Assist with accounting statement and payment reconciliations
Oversee advance payment process, ensuring accurate and timely payment based on contractual obligations
Ensure timely receipt and accurate processing of reporting from physical and digital sales partners
Work with UMG globally to maintain the accounting of international and domestic sales partners
Help with month-end close and prepare recurring and ad-hoc analysis for internal/external reporting requirements
Liaise with clients directly to answer any reporting or payment questions

Skills

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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