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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) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandising. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Company Stage

IPO

Total Funding

$46.2B

Headquarters

Santa Monica, California

Founded

1934

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
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.

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

INACTIVE