Vice President of Finance
Universal Music Group
Philadelphia, PAThis is a Full Time Job
How we LEAD:
The Vice President, Finance is a senior financial leader responsible for driving profitable growth, financial discipline, and strategic decision-making across a music merchandise and apparel business operating through eCommerce, wholesale, retail, licensing and touring channels.
This role will engage in financial planning and forecasting, product and channel profitability, inventory and cost accounting, commercial deal evaluation, and management reporting. The Vice President will partner closely with executive leadership and teams across merchandising, eCommerce, retail sales, touring, licensing, production, supply chain, and operations.
The ideal candidate combines deep apparel-industry financial expertise with strong commercial judgment and a practical understanding of the operational complexities associated with inventory, product development, fulfillment, royalties, licensing, and multi-channel distribution.
How you'll CREATE:
• Participate in the annual budget, long-range plan and periodic reforecast.
• Partner with commercial leaders to develop revenue targets, margin goals, expense plans, and performance improvement initiatives.
• Develop integrated financial plans covering revenue, gross margin, operating expenses, working capital, cash flow, inventory, and capital investment.
• Provide timely variance analysis of actual results compared to budget, forecast, prior year.
• Identify key performance drivers, risks, and opportunities and translate them into clear recommendations for senior management.
• Develop and maintain profitability reporting by artist and business line and evaluate margin performance
• Support inventory planning, SKU rationalization, markdown strategies and end-of-cycle inventory decisions.
• Partner with business and legal affairs and senior management in deal structuring and negotiation.
• Support assortment planning, demand planning, pricing decisions, product launches, artist campaigns, tour planning, retail programs, and customer negotiations.
• Develop executive dashboards and management reporting that provide clear visibility into revenue, margin, profitability, inventory, cash flow, and operational performance.
Bring your VIBE:
• Bachelor's degree in finance, accounting, economics, business administration, or a related discipline.
• Significant progressive finance experience, including leadership responsibility in FP&A, commercial finance, operational finance, or a related function.
• Substantial experience in the apparel, fashion, merchandise, footwear, accessories, consumer products, or closely related inventory-based industry.
• Strong knowledge of apparel economics, including product costing, sourcing, landed cost, inventory management, markdowns, returns, sell-through, and seasonal product lifecycles.
• Experience leading annual budgets, forecasts, long-range plans, management reporting, and financial performance reviews.
• Demonstrated ability to analyze profitability by product, channel, customer, artist, program, or business unit.
• Strong understanding of inventory accounting, cost accounting, inventory reserves, purchase commitments, and working-capital management.
• Experience evaluating commercial deals, investments, guarantees, royalties, licensing arrangements, or strategic partnerships.
• Familiarity with ERP and warehouse management systems, specifically SAP, BPC, Oracle HFM.
• Experience with financial planning, business intelligence, reporting, or data-visualization systems.
• Advanced Excel skills, including complex financial modeling, scenario analysis, large datasets, lookups, pivot tables, and structured reporting.
• Excellent written, verbal, and presentation skills.
• Demonstrated ability to communicate financial concepts clearly to creative, commercial, operational, and executive audiences.
• Ability to operate effectively in a fast-paced, entrepreneurial, and deadline-driven environment.
Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.
Job Category:Finance & Accounting
Salary/Benefits
$154,450 - $270,000 /year USD
The actual base salary offered depends on a variety of factors.
Benefits
• Comprehensive medical, dental, and vision coverage
• 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)
• 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
• Flexible Paid Time Off (PTO) for exempt employees
• 3-weeks PTO for non-exempt employees
• 2-weeks paid Winter Break
• 10 Company Holidays
• Summer Fridays
• Generous paid parental leave for every type of parent
Perks
• Join an entrepreneurial, global organization where authenticity, boldness, creativity, connection, drive, and insight aren't just values-they're how we work every day.
Additional Information
We are UMG, the Universal Music Group, the world's leading music company 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. Our operations include a music merchandise and apparel business that functions through eCommerce, wholesale, retail, licensing, and touring channels. We identify and develop recording artists and songwriters, producing, distributing, and promoting critically acclaimed and commercially successful music to delight and entertain fans around the world.
