Director, Third PartyParticipation Accounting
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Job Location:
Woodland Hills, CA - USA
Monthly Salary:
$ 103360 - 174808
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
We are UMG the Universal Music Group. We are the worlds leading music 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:
The Central Accounting Services (CAS) division is responsible for ensuring the accuracy integrity and transparency of all financial activities across the business. This includes managing core processes such as revenue recognition for streaming physical sales and licensing as well as complex areas like artist royalties participations and catalog acquisitions. This role will focus on general accounting activities as described below.
Success in the Central Accounting Services (CAS) division at Universal Music Group means adhering to procedures to ensure financial accuracy collaborating effectively and continuously seeking improvements. Team members use their accounting expertise to prepare and review statements apply company standards and identify key trends. Strong data skills are needed to analyze issues and present clear findings. Building effective partnerships with stakeholders is essential to deliver insights that support daily operations and UMGs mission to delight and entertain fans worldwide.
How youll CREATE:
In this role the successful candidate will have the opportunity to participate in a broad array of analysis and reporting activities including:
- Review and approve complex participation statements for accuracy and completeness.
- Effectively manage and coordinate task schedules of on- and off-shore team members to drive timely and efficient completion of statements and other deliverables including responses to third-party data requests.
- Monitor effectiveness of participation accounting and statement operations and drives continuous improvement initiatives.
- Lead the resolution of significant statement and accounting matters ensuring standardized processes and consistent application across all teams
- Assist team members with interpretation and application of artist participation agreements ensuring accurate accounting treatment and adherence to contractual terms.
- Cultivate strategic partnerships across UMG departments and with external stakeholders.
- Advise on complex contract terms and non-routine transactions.
- Assess and resolves impacts of new policies and standards on operations.
- Manages auditor relationships and resolves audit findings.
- Oversee control environment to maintain effective and relevant controls over statement preparation and participation accounting processes.
- Lead integration and adoption of new systems automation and digital transformation initiatives.
Bring your VIBE:
- Bachelors degree in Accounting required; CPA or MBA strongly preferred.
- Minimum 7 years of general ledger accounting with at least 4 years of participation accounting; public accounting experience is a plus.
- Proficiency with ERP/accounting software (SAP preferred) and financial reporting platforms (e.g. HFM).
- Advanced Microsoft Excel skills and experience with data analysis.
- Strong analytical skills attention to detail ability to effectively multi-task and work under pressure to meet deadlines.
- Strong oral and written communication skills
- Prior experience in music and/or entertainment is highly preferred.
- Authorized to work in the US.
Perks Playlist:
Join an entrepreneurial global organization where authenticity boldness creativity connection drive and insight arent just valuestheyre how we work every day. Here are some of the ways we support you along the way (and just a few of the benefits we offer):
Comprehensive medical dental and vision coverage
Including 100% coverage for out-patient in-network mental health services
Fertility coverage for eligible medical plan participants
Wellbeing reimbursements for fitness classes spa treatments meal services travel and so much more (up to $720/year)
Student Loan Repayment Assistance and Tuition Reimbursement
401(k) with 100% immediate vesting on the first 5% of your contributions plus an additional UMG contribution
A variety of ways to prioritize much-needed time away from work including:
Flexible Paid Time Off (PTO) for exempt employees
3-weeks PTO for non-exempt employees
2-weeks paid Winter Break
10 Company Holidays (including Juneteenth and Wellbeing Day)
Summer Fridays (between Memorial Day and Labor Day)
Generous paid parental leave for every type of parent
Check out our full overview of benefits on the Perks Playlist page of the career site.
Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.
Universal Music Group is an Equal Opportunity Employer
We are an E-Verify employer in Alabama Arizona Georgia Mississippi North Carolina South Carolina Tennessee and Utah.
For more information please click on the following links.
E-Verify Participation Poster:English / Spanish
E-Verify Right to Work Poster:EnglishSpanish
Job Category:
Finance & AccountingSalary Range:
$103360 - $174808The actual base salary offered depends on a variety of factors which may include as applicable the qualifications of the individual applicant for the position years of relevant experience specific and unique skills level of education attained certifications or other professional licenses held and the location in which the applicant lives and/or from which they will be performing the job. All candidates are encouraged to apply.
Required Experience:
Director
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
Universal Music Group is the world’s leading music company. We own and operate a broad array of businesses in more than 60 countries.
