Full-Time

Senior Director

Fund Accounting & Administration

Confirmed live in the last 24 hours

Universal Music Group

Universal Music Group

10,001+ employees

Global music recording, publishing, and distribution

Consumer Goods
Entertainment

Compensation Overview

$134.2k - $244.2kAnnually

Senior, Expert

Santa Monica, CA, USA

Hybrid schedule requiring in-office presence 3 days a week.

Category
Financial Accounting
Financial Analysis
Accounting
Requirements
  • Bachelor’s Degree in Accounting a must, CPA or MBA preferred
  • 10 to 12 years of broad general ledger accounting or corporate reporting experience, with at least 5 to 7 years of fund accounting experience within large investment firms or financial institutions
  • Experience with ERP, fund accounting or similar general ledger applications
  • Strong Excel & Word skills required
  • Strong analytical skills required; along with attention to detail and the ability to effectively multi-task and work under pressure to meet deadlines
  • Possess strong oral and written communication skills
  • Authorized to work in the US
Responsibilities
  • Liaise with third-party fund administrators and service providers that support accounting and financial reporting processes
  • Coordinate and oversee the preparation of quarterly NAV and closing packages
  • Review calculations of management and other fund related fees
  • Manage the financial close process and ensure financial statements are prepared in accordance with US GAAP
  • Review monthly reporting package and various analyses (income statement/balance sheet) prepared by staff to validate the monthly close
  • Create and review partner capital calls, monthly and quarterly partner capital statements including calculation of partner allocations
  • Calculate and review waterfall models, distribution notices, and management fees
  • Lead quarterly forecasts and annual plan process
  • Liaise with internal or external auditors and provide audit deliverables and inquiry resolution
  • Support special projects, process improvement initiatives & annual compliance testing
  • Supervise, train, and review the work of a growing team of Fund Accountants
Universal Music Group

Universal Music Group

View

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 merchandise. 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

$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