Director of Accounting
Universal Music Group
Woodland Hills, CAThis was removed by the employer on 8/3/2015 12:49:00 PM PST
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Full Time Job
JOB DESCRIPTION:
In partnership with the finance team of Universal Music Logistics (UML), a subsidiary of Universal Music Group/UMG) responsible for the physical supply chain; this position will oversee UML's financial reporting & accounting team within UMG's Central Accounting Services (CAS) department. This position will manage the monthly close for UML and work closely with UML's finance team to ensure accurate and timely submission of monthly financial results to UMG global finance in London. In addition, this position will oversee the inventory accounting department that performs services on behalf of all UMG labels, including the monthly reconciliation of inventory balances and providing analytical reports to the UMG labels to assist in the analysis of manufacturing costs. The position will also entail interactions with various groups within UMG and external parties such as manufacturing vendors and auditors.
Our mission in CAS is to continually expand our contribution to the company by providing excellent customer service to the various UMG divisions, while ensuring the integrity and accuracy of UMG's IFRS based financial statements. We are looking for an individual with proven team leadership skills, a passion for process renewal, a solid technical foundation in GAAP, experience in providing excellent customer service and a solid background in manufacturing.
ESSENTIAL DUTIES AND AREAS OF RESPONSIBILITY:
• Oversee current staff of 4 employees responsible for the monthly close & financial reporting for the UML business unit and inventory accounting for all UMG labels.
• Manage the monthly close process and ensure financial statements are prepared in accordance with IFRS and submitted within global corporate deadlines for UML:
o Review monthly reporting package and various analyses (income statement/balance sheet) prepared by staff to validate the monthly close of UML
o Coordinate with business unit finance team and other departments within UMG to ensure all transactions are properly recorded in the general ledger
o Provide accounting guidance to staff to ensure transactions are recorded in accordance with the Red Book (UMG's accounting policy book)
o Coordinate and run the monthly close meetings to review the monthly financial statements with the UML finance team
o Review the submission of the financial statements to corporate via the Hyperion Financial Management (HFM) consolidation system
o Maintain appropriate supporting documents to ensure compliance with internal control and Sox documentation requirements
• Manage & oversee central processes affecting UMG labels related to physical chain including the following:
Review inventory reconciliations & ensure reconciliation issues are resolved timely
o Primary liaison within the UMG finance community on resolving issues and providing appropriate reports or analytics on areas of the balance sheet and income statement impacted by inventory accounting, including manufacturing costs analysis and obsolescence/scrapping analysis.
o Oversee the reconciliation of physical sales interfaces between the source systems Legacy/SR and SAP
o Liaise with UML finance team to resolve issues and questions from UMG labels and distribution company accounting and finance teams surrounding SR interfaces
o Liaise with UML business and finance team to resolve issues and questions surrounding intercompany invoices for mastering invoices
• Liaise with internal or external auditors and provide audit deliverables and inquiry resolution.
• Ensure compliance with internal controls and assist in the annual SOx compliance testing.
• Continue process improvements and develop new, more efficient procedures to assist in meeting tight reporting deadlines.
• Manage the resources & general ledger work processes outsourced to WNS, UMG's outsourcing partner.
JOB REQUIREMENTS:
QUALIFICATIONS & EXPERIENCE REQUIREMENTS:
• BA in Accounting or related field of study, MBA or CPA valued.
• Minimum of 5 years financial reporting experience.
• Manufacturing industry experience and solid knowledge of cost accounting required.
• Music industry financial reporting experience preferred.
• Excellent verbal and written communication skills.
• Advanced Excel proficiency a must.
• Knowledge SAP accounting software preferred.
• Ability to manage competing priorities, work under pressure and meet deadlines in a fast paced financial environment.