Manager, Accounting (Direct to Consumer)

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:

Universal Music Group (UMG) currently has an opening for an Accounting Manager position within its Central Accounting Services (CAS) division to support the growing Direct to Consumer (D2C) business. Reporting to the Director of Accounting CAS, this position will support the general accounting close cycle of the D2C business, as well as provide management reporting and accounting support to the business.  The ideal candidate will have 5-7 years of combined frontline general ledger and/or corporate reporting experience, must possess a Bachelor’s degree in Accounting - CPA credentials are preferred.

Our mission in Central Accounting Services is to continually expand our contribution to the organization through team mentorship, individual development, and creative process improvements.  We are looking for an enthusiastic colleague with a dedicated work ethic and sharp mind.

How you'll CREATE:

In this role, the successful candidate will have the opportunity to participate in a broad array of accounting, analysis and reporting activities, including primary responsibility for:

• Primary responsibility for managing the monthly financial close & management reporting process of the D2C business:

• Manage one BPO staff in Mumbai to ensure deliverables & work quality is consistent with agreed upon SLA’s (service level agreements)

• Manage one onshore Senior Accountant

• Review & approve journal entries & financial schedules prepared by BPO and onshore staff

• Review all GL activities for proper accounting, including monthly intercompany billing

• Review and oversee cash reconciliation process between bank account, cash receipts and revenue recognition

• Review monthly D2C sales & use tax reporting

• Review & approve monthly 3rd party payments for external artists online store settlements

• Liaise with D2C Finance team to develop, prepare and maintain management financial package, including financial reports (monthly sales and fulfillment reporting, revenue recognition and cost analysis), balance sheet reconciliations and supporting analytics to facilitate review of monthly close by senior finance management

• Manage D2C sales fulfillment interface processing and enhancements, including liaising with multiple Global Technology teams, D2C Operations and directly with various ecommerce platform providers.

• Provide support to D2C finance team as necessary to assist in forecasting and the annual plan process

• Coordinate with division Finance representatives, as well as other UMG functional departments to stay current with business activity and emerging issues

• Liaise with internal & external auditors and prepare audit schedules as required

• Liaise with Compliance team to ensure best business practices

• Support special projects, process improvement initiatives & annual SOX testing

Bring your VIBE:

• Bachelors Degree in Accounting a must, CPA or MBA preferred

• Minimum 5 to 7 years of broad general ledger accounting or corporate reporting experience; public accounting experience preferred

• Experience with Shopify or other ecommerce platform provider preferred

• Experience with SAP or similar general Ledger applications

• Strong Excel & Word skills required

• Music or Entertainment industry experience a plus

• Strong analytical skills required; along with attention to detail and the ability to effectively multi-task and work under pressure to meet deadlines

• Possess strong oral and written communication skills

• Authorized to work in the US.

Perks Playlist:

• Be part of an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit

• Comprehensive medical, dental, vision, and FSA options, as well as:

  • 100% coverage for out-patient mental health services

  • Wellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720