Financial Analyst

Finance & Accounting Woodland Hills, California Req. R0005496


Description

We are UMG, the Universal Music Group. We are the world’s leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.

How we LEAD: 

This position will be responsible for processing third party digital sales files for Universal Music Group (UMG).  Duties include, but are not limited to, revenue recognition, maintaining third-party contractual compliance and maintaining SOX compliance.  This position interacts with all levels of internal UMG management, as well as with the finance and operation employees of the US labels, business analysis, legal and external digital service providers. This position reports directly to the Associate Director of Digital Finance for UMG.

How you’ll CREATE:

  • Processing third party account transaction files into UMG systems
  • Review reported data for accuracy and completeness
  • Review of data load into the sales system, validating contractual financial terms
  • Review and reconciliation of the data created from digital sales processor with downstream systems
  • Resolution of transaction file issues with third party accounts
  • Maintain third party reporting and payment status report
  • Creating corresponding journal entries to record revenue
  • New Digital partner onboarding
  • Review and clearance of suspense transactions resulting from inaccurate data submissions from third party digital accounts
  • Management and label reporting of UMG digital revenue
  • Review third-party contracts for compliance and entry into contract database
  • Communication with third-party companies regarding all issues of compliance
  • Support audit requests, forecasting and planning
  • Special projects and variance analysis as required

Bring your VIBE:

  • Bachelor’s degree with a major in Finance or Accounting required
  • Minimum of 3 years’ experience in related field required
  • Ability to prioritize in a fast-paced environment under tight deadlines
  • Excellent time management and organizational skills
  • Strong analytical and problem-solving skills
  • Ability to interact comfortably and effectively with employees at all levels of our company
  • Excellent verbal and written communication skills
  • Intermediate/advanced Excel proficiency, including use of pivot tables and worksheet functions
  • SAP experience a plus
  • Entertainment industry experience a plus

Perks Playlist:

  • Competitive Compensation Package including Salary, Benefits and Generous 401k Savings Plan with company matching
  • Flexible Paid Time Off plus Paid Holidays, 2 week “Winter Break” & Wellness Fridays (year-round)
  • Medical, Dental and Vision Insurance
  • Student Loan Repayment Assistance & Tuition Reimbursement (after 12 months of service)
  • Robust Employee Assistance Program (for you and your loved ones)
  • Annual Well-Being Allowance which includes Fitness, Travel, Home Enhancements, Nutrition, and Spa Treatment Reimbursements

Universal Music Group is an Equal Opportunity Employer

All UMG employees are currently required to be fully vaccinated against COVID-19 or provide proof of a negative PCR or Antigen test before entering any Company offices unless they have been approved for an exemption or unless prohibited by applicable law.

Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.