Senior Coordinator, Finance at Universal Music Group

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Bachelor’s Degree in Accounting or Finance preferred
Must be able to keep information confidential
Strong written, verbal communication, and organizational skills
Ability to work within a diverse environment and develop working relationships across the departments and at all levels
Ability to work effectively under high pressure and demanding situations
Detail-oriented and extremely accurate data entry skills
Demonstrated success with systems/data management
Ability to meet tight deadlines with conflicting priorities
Initiative and self-motivation, requiring minimal supervision
Proficiency in Microsoft Office
Some SAP and previous experience with Accounts Payable is a plus
1-2 years in a fast-paced and detail-oriented environment

Responsibilities

Provide support with the management of Marketing budgets for two labels and their subsidiaries
Work with the Financial Operations team to complete vendor setups and other Accounts Payable tasks
Process a high volume of invoices within Uniport and ensure all invoices are UMG-compliant
Provide Uniport training and support as needed
Code and create overhead and marketing purchase orders (according to specific artist contract deals) for third-party vendors
Complete Marketing project setups in SAP
Process same day and wire payment requests, including checking dollar amounts, documentation, approvals, and GL coding
Interface with the label departments and third-party vendors to resolve any discrepancies or invoice issues
Perform various month end closing tasks, journal entries, and audits and resolve any budget discrepancies
Create and manage excel reports outlining budget summaries to assist marketing departments with quarterly planning
Day to day interaction with users across all UMG business units in the U.S
Other general administration duties as needed
Creating POs and issuing payments on behalf of the Marketing departments
Setting up vendors on behalf of the Marketing departments
Reconciling creative budgets in Uniport monthly/quarterly
Working closely with the Marketing departments on a day-to-day basis to manage their budgets

Skills

Uniport

SAP

Accounts Payable

Vendor Setup

Purchase Orders

Invoice Processing

Budget Reconciliation

Journal Entries

GL Coding

Audits

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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