Accounting Manager
Universal Music Group
Woodland Hills, CAThis was removed by the employer on 3/24/2017 1:22:00 PM PST
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Full Time Job
Description
Job Functions:
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 and Brand Partnerships business. This position will support the general accounting close cycle of the D2C business and the brand partnership business, as well as provide management reporting and accounting support to both businesses.
In this role, the successful candidate will have the opportunity to participate in a broad array of accounting, analysis and reporting activities.
Job Requirements:
• Managing the monthly financial close & management reporting of the D2C business:
• Manage BPO staff in Mumbai to ensure deliverables & work quality is consistent with agreed upon SLA’s (service level agreements)
• Liaise with D2C Finance team on monthly merchandising sales reporting, and prepare required schedules for revenue recognition with associated costs
• Review & approve journal entries & analysis prepared by BPO staff in Mumbai; including balance sheet reconciliations
• Develop and maintain cash reconciliation process between Merchandising cash receipts, bank account, and revenue recognition
• Review all GL activities for proper accounting
• Review & approve 3rd party payments for artist online store settlements
• Develop and maintain SAP project reports to properly capture D2C Merchandising profitability at an artist level.
• Develop, prepare and maintain management financial package, including financial reports, balance sheet reconciliations and supporting analytics to facilitate review of monthly close by senior finance management.
• Provide accounting and management reporting support to the central brands team within UMG commercial services center:
• Develop, maintain and provide project level reports to capture profitability analysis of central brand partnerships
• Develop and maintain proper accounting allocation of brand partnership activity across UMG labels
• Provide monthly management reporting package to the central brands
• Prepare and review monthly accounting entries related to central brand partnerships
• Review all GL activities of central brand partnerships and ensure proper recognition of revenues and expenses
• Provide support to D2C business and central brands finance teams as necessary to assist in the quarterly forecasts and annual plan process
• Liaise with internal & external auditors and prepare audit schedules as required
• Support special projects, process improvement initiatives & annual SOX testing
Skills/Abilities:
• Strong Excel & Word skills required; Access 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.
Experience:
• The ideal candidate will have 5-7 years of combined frontline general ledger and/or corporate reporting experience
• Public accounting experience preferred
• Experience with SAP or similar general Ledger applications
• Music or Entertainment industry experience a plus
Education:
• Must possess a Bachelor’s degree in Accounting - CPA credentials or MBA are preferred.
Disclaimer
This job description only provides an overview of job responsibilities that are subject to change.
Universal Music Group is an Equal Opportunity Employer.