Full-Time

Manager – Revenue Recognition

Posted on 11/21/2024

Universal Music Group

Universal Music Group

10,001+ employees

Global music recording, publishing, and distribution

Consumer Goods
Entertainment

Compensation Overview

$65.5k - $136.4kAnnually

Senior

Santa Monica, CA, USA

Hybrid work schedule.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SAP Products
Data Analysis
Requirements
  • BA in Finance, Accounting, or related field.
  • 5+ years of experience in cash accounting/revenue accounting.
  • Analytical mindset with strong problem-solving and decision-making skills.
  • Ability to effectively multi-task and problem solve with minimal oversight.
  • Must be results-oriented with the ability to work independently as well as in a team environment.
  • Strong oral and written communication skills.
  • Ability to keep information confidential.
  • Music/entertainment industry experience highly preferred.
  • SAP experience preferred.
  • Prior experience with data analytics or tools a plus.
Responsibilities
  • Monitor current cash processes and develop and implement new processes as needed.
  • Monitor and analyze revenue performance, identifying trends and opportunities for improvement.
  • Key contributor of the revenue close process (month/quarter/year): ensuring accuracy and compliance of company accounting policies.
  • Responsible for identifying, analyzing, and problem-solving revenue cycle issues with focus on receivables, deferred income, and bad debt expense.
  • Perform various month-end closing tasks, including journal entries, invoicing, refunds.
  • Lead the month-end revenue meeting.
  • Support the finance and accounting teams during the month and month-end close.
  • Provide ad hoc analyses around revenue and cash receipts, including enhancing models and reports as required.
  • Key liaison between the Finance and the NA Royalty Admin teams.
  • Occasional travel may be required.
Universal Music Group

Universal Music Group

View

Universal Music Group (UMG) is a leading entity in the music industry, involved in recording, publishing, and distribution across over 60 countries. The company works with a diverse range of artists, from global superstars to independent musicians, providing services such as marketing and promotion to help them reach wider audiences. UMG generates revenue through music sales, streaming, licensing, live performances, and merchandising, setting itself apart with its extensive network and comprehensive support for artists. The goal of UMG is to maintain its market leadership by adapting to changes in music consumption and supporting artists in their careers.

Company Stage

IPO

Total Funding

$3.9B

Headquarters

Santa Monica, California

Founded

1934

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • UMG's leadership in the music industry offers employees the opportunity to work with some of the most influential artists and cutting-edge technologies.
  • The company's diverse revenue streams and global presence provide financial stability and growth opportunities.
  • UMG's proactive approach to integrating AI and new technologies, like the MicDrop vocal plug-in, positions it as a forward-thinking leader in the industry.

What critics are saying

  • The ongoing legal battles with AI music generation companies could result in significant financial and reputational damage.
  • Rapid technological advancements and the rise of AI-generated music may disrupt traditional music industry models, posing a threat to UMG's established business practices.

What makes Universal Music Group unique

  • UMG's extensive global reach and diverse portfolio of artists, from superstars to emerging talents, sets it apart from competitors.
  • The company's multifaceted revenue streams, including physical and digital sales, streaming, licensing, and live performances, provide a robust financial foundation.
  • UMG's strategic partnerships, such as with SoundLabs for AI vocal plug-ins, demonstrate its commitment to innovation and staying ahead in the music technology landscape.

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Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance