Senior Accountant, D2C, NRI & Artist Royalty Management at Universal Music Group

Ho Chi Minh City, Ho Chi Minh City, Vietnam

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Relevant qualifications in Accounting, Finance or related field
At least 3–5 years of accounting experience, preferably in a multinational or shared services environment
Strong technical accounting skills, with expertise in SAP and Cordis
Solid understanding of both Vietnamese and international accounting standards

Responsibilities

Manage the end-to-end accounting process for D2C and physical/merchandise inventory, including controlling stock movements through the Cordis system, reconciling inventory data from e-commerce sites like Shopify with 3rd party logistics providers, and coordinating physical stock counts
Ensure accurate and timely billing for all D2C and physical retail sales; reconcile payment gateway transactions, managing refunds, chargebacks, and associated fees
Manage the quarterly royalty statement process for artists, including updating advance recoupment files and individual recoupment summaries
Create Artist Statement Summaries (AST) in SAP, upload them to the royalty processing system (SRDP), and transfer them to the vendor folder for record-keeping
Verify and process invoices from artists for payment; for individuals without invoices, process balance transfers in SAP from the artist's royalty account to their main account
Serve as the primary point of contact for business and artist teams to gather and verify documentation related to non-recorded income (e.g., brand sponsorships and performance fees) and corresponding expenses
Perform monthly reconciliation of all NRI and expenses against bank statements, checking the integrity and detailed data of submitted documents
Prepare and present a concise monthly NRI summary report for key stakeholders
Support external and internal audit processes; assist in preparation of tax filings and ensure compliance with local tax regulations (VAT, PIT, WHT, CIT); provide HR support for PIT reports on NRI individuals and royalty activities
Prepare and post relevant journal entries in SAP and MISA, ensuring accurate recording of sales revenue, COGS, and inventory
Oversee and manage revenue and expenditure activities (PTP & OTC), ensuring timely revenue collection and accurate processing of expenditures
Handle general office administrative tasks, ad-hoc projects, and duties as assigned by the manager

Skills

Key technologies and capabilities for this role

SAPCordisInventory AccountingRoyalty ManagementShopifySales ReconciliationBillingPayment ProcessingFinancial StatementsVietnamese Accounting StandardsInternational Accounting Standards

Questions & Answers

Common questions about this position

What systems or software expertise is required for this role?

The role requires strong technical accounting skills with expertise in SAP and Cordis.

What are the core responsibilities in D2C and inventory accounting?

Responsibilities include managing end-to-end accounting for physical/merchandise, controlling stock movements through Cordis, reconciling inventory data from Shopify with 3PL providers, and handling sales billing, payment gateways, refunds, and chargebacks.

What does the artist royalty statement management involve?

It involves managing the quarterly royalty statement process, updating advance recoupment files, creating Artist Statement Summaries in SAP, uploading to SRDP, processing artist invoices or balance transfers, and record-keeping.

What are Universal Music Group's core values?

The core values are Authenticity, Boldness, Creativity, Connection, Drive and Insight.

Is the salary or compensation mentioned for this position?

This information is not specified in the job description.

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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