Senior Manager, Finance at Universal Music Group

Manila, Metro Manila, Philippines

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Bachelor’s degree in Accountancy, Finance, Economics, or a related field; CPA, CFA, or MBA is a must
At least 10 years of experience in FBP, Controllership, or Finance Management, preferably in a multinational company
Strong financial modeling, forecasting, and business analytics skills
Deep understanding of IFRS, local tax regulations, and financial compliance requirements
Experience managing audits, tax compliance, and financial reporting
Excellent leadership, stakeholder management, and communication skills
Proficiency in financial systems such as SAP, Hyperion, or similar ERP tools
Ability to work in a fast-paced environment and handle multiple priorities effectively
Integrity is a must

Responsibilities

Work closely with Finance Director on Monthly reporting process, analyze and review financial data including Income Statement, Balance Sheet and Cash Flow
Responsible for regular analysis and financial reports to support business decision making
Monitor monthly closing of account, ensures timely submission of reports to Corporate including forecast and budget reporting
Prepare various analysis, financial reporting and presentation for Management, including supporting Deal or Project analysis when necessary
Prepare / review statutory financial statements
Coordinate with third party for tax preparation, auditing and other financial needs as necessary
Oversee financial controls and ensure adherence to UMG’s financial policies and regulatory requirements
Ensure accurate and timely financial reporting, ensuring compliance with IFRS and local accounting standards
Supervise tax compliance, including VAT, corporate income tax, and other statutory filings, ensuring accuracy and timeliness
Manage and support tax audits, statutory audits, and internal reviews, ensuring proper documentation and risk mitigation
Strengthen internal controls, implement process improvements, and oversee financial compliance to safeguard company assets
Support FD in ensuring that everyone in the Company complies with financial policies and procedures of the company, including government financial regulations
Ensure regular updates of company compliance program and performing periodic walkthrough testing to ensure effectiveness of our internal controls
Provide financial training and mentorship to business teams to enhance financial literacy and accountability
Identify opportunities to streamline Finance processes and enhance decision-making tools
Work closely with regional finance teams to implement best practices and financial transformation initiatives

Skills

Financial Reporting

Financial Analysis

Income Statement

Balance Sheet

Cash Flow

Budgeting

Forecasting

IFRS

Tax Compliance

VAT

Auditing

Internal Controls

Statutory Filings

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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