Full-Time

Coordinator

Global Royalty

Posted on 9/16/2024

Universal Music Group

Universal Music Group

10,001+ employees

Global music recording, publishing, and distribution

Consumer Goods
Entertainment

Entry, Junior

Franklin, TN, USA

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 1 year of work experience or prior internship experience in the administration of music rights, Business Management for Artists, Accounting, or Financial Planning & Analysis strongly preferred.
  • Excellent written and verbal communication skills are required.
  • Experience in Microsoft Excel and text editors required.
  • Ability to work in a bespoke systems landscape required.
  • Strong organization skills, critical thinking, analytical abilities, and attention to detail are required.
  • Ability to meet deadlines quickly and accurately while managing competing priorities is required.
  • 4 year degree in Business Administration, Accounting, or Music Business strongly preferred.
  • The ability to partner and work well as part of a team is required.
Responsibilities
  • Load, process, and reconcile electronic royalty statements in an accurate and timely manner and in accordance with company controls.
  • Support UMPG’s international royalty process with royalty statement processing and support of the company’s local offices around the world.
  • Contribute to royalty statement processing for UMPG’s North American royalty operations, learning the nuances of income sources and supporting the local administration team.
  • As part of royalty assurance, load and maintain UMPG catalog information and assist with revenue generating projects including society suspense, label copy, business & legal affairs inquiries, and sync requests.
  • Execute the timely due diligence and review of all suspense data, seeking to maximize songwriter payout.
  • Prepare and review royalty statement reconciliations, utilizing accounting skills to ensure accurate reporting to songwriters.
  • Ensure accuracy in all processing and reporting by verifying song matches.
  • Employ critical thinking in the review of data and analytics to ensure accurate royalty processing.
  • Act as a self-starter in proactively finding solutions and offering assistance to the team.
  • Learn and develop ownership in assigned projects as part of the core area of concentration.
  • Contribute to the building of new system tools and the implementation of new technologies within UMPG’s Global Royalty system, partnering with teams cross divisionally and around the world.
  • Bring a fresh perspective, seeking to deconstruct and rebuild processes to create efficiencies and improvements.
  • Perform ad hoc reporting and royalty team projects as needed.
Universal Music Group

Universal Music Group

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Universal Music Group (UMG) is a leading music company involved in recording, publishing, and distribution across over 60 countries. It works with a variety of artists, from global stars like Elton John and Taylor Swift to independent musicians, providing services such as marketing and promotion. UMG generates revenue through music sales, streaming, licensing, live performances, and merchandising. The company aims to maintain its market leadership by offering comprehensive support to artists and maximizing revenue opportunities.

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%
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Simplify's Take

What believers are saying

  • UMG's AI-driven analytics optimize marketing strategies and enhance consumer understanding.
  • The partnership with Modern Sky expands UMG's reach into the lucrative Chinese market.
  • UMG's focus on immersive experiences, like virtual reality concerts, creates new revenue streams.

What critics are saying

  • Drake's legal actions could harm UMG's reputation and result in financial penalties.
  • Limp Bizkit's lawsuit for unpaid royalties highlights potential financial liabilities for UMG.
  • UMG's 'Fan-Sational Holiday' campaign may face cybersecurity risks and data breaches.

What makes Universal Music Group unique

  • UMG leads the music industry with a diverse global presence in 60+ countries.
  • It offers comprehensive services, from recording to merchandising, for renowned and emerging artists.
  • UMG's strategic partnerships, like with WPP, enhance its advertising and promotional capabilities.

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Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

INACTIVE