Senior Manager, Label Accounting at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

BS in Finance, Economics, or Accounting; CPA strongly preferred
Strong financial accounting experience directing application of accounting policies, controls & compliance support, close activities, and third-party reporting
7+ years of relevant work experience in corporate accounting, corporate finance, and/or FP&A
Proven ability to quickly learn new industries and concepts. Prior relevant experience in music or entertainment a plus
Experience with financial applications and systems preferred such as SAP, HFM, MicroStrategy, etc
Proficiency with MS Office products including advanced skills in Excel
Great organizational and time management skills, with the ability to prioritize based on evolving workload
Strong written and verbal communication skills including summarizing complex analyses to executives and other departments
Personable with good teamworking skills
Self-starter with ability to think critically and make problem solving decisions

Responsibilities

Manage corporate close activities and related disclosure requirements
Working closely with central accounting team, direct appropriate accounting activities managed by label (revenue recognition, accruals, journal coding, etc.)
Review 3rd party JV statements and manage 3rd party queries on issued statements
Prepare 3rd party merchandise/ad hoc participation statements
Develop and implement key controls and ensure label adherence to corporate control and compliance initiatives
Facilitate Inter-Company rebill process working with the business and territories to validate coding and manage approvals for clearing
Develop accounting workflow, best practices, and project set up for new business initiatives, research appropriate accounting treatment for different lines of business
Manage accounting support for new business initiatives as needed (approvals, journal entries, corporate reporting)
Support business unit T&E approvals/reviews, travel approvals, and product approvals
Support product mapping and other product setup research to ensure appropriate internal and external reporting

Skills

Revenue Recognition

Accruals

Journal Entries

Joint Venture Statements

Key Controls

Intercompany Transactions

Accounting Workflow

Corporate Close

T&E Management

Product Mapping

Corporate Reporting

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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