Manager, Royalty Accounting

We are UMG, the Universal Music Group. We are the world’s leading music company. In everything we do, we are 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. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.
 

How We LEAD:

The Manager, Royalty Accounting position at Virgin Music Group will play a key support and technical role in the administration of various financial and reporting system tasks pertaining to the monthly client distribution/participation cycles. This position will report to the Senior Manager, Royalty Accounting and will own certain distribution/royalty accounting functions, ensuring execution and continued alignment with the overall Finance department’s responsibilities, requirements, and goals. 

How You'll CREATE:

• Assist with running monthly royalty cycles, ensuring accuracy in both inputs/outputs, client rate structures and other high-level calculations
• Manage tight monthly deadlines to ensure accurate sales reporting and accounting statement packages are delivered
• Lead and manage a team of 2-3 employees including assigning tasks, monitoring progress and ensuring timely completion of duties
• Work closely with overall Finance team to identify process improvements, communicate findings to stakeholders with recommendations for mitigation, and oversee implementation
• Assist with accounting statement and payment reconciliations
• Oversee advance payment process, ensuring accurate and timely payment based on contractual obligations
• Ensure timely receipt and accurate processing of reporting from physical and digital sales partners
• Work with UMG globally to maintain the accounting of international and domestic sales partners
• Help with month-end close and prepare recurring and ad-hoc analysis for internal/external reporting requirements
• Liaise with clients directly to answer any reporting or payment questions

Bring your VIBE:

• 5+ years’ experience in a distribution, participations, or royalty accounting role preferred
• Background in accounting and/or finance preferred
• Proficiency with MS-Office Suite and possess outstanding Excel skills (e.g. Nested Functions, V-Lookups, Pivot tables, etc.)
• SAP experience a plus
• Extremely detail-oriented, excellent planning and execution skills with a proven ability to establish and meet impactful goals and objectives
• Ability to handle multiple projects, deal with tight deadlines, and work independently
• Willingness to work outside normal responsibilities to achieve desired results
• Strong analytical, problem-solving and communication skills

Perks Playlist:

• Be part of an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit

• Comprehensive medical, dental, vision, and FSA options, as well as:

  • 100% coverage for out-patient mental health services

  • Wellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720/year)

  • A lifetime fertility support allowance of $30,000 to plan participants

  • Student Loan Repayment Assistance and Tuition Reimbursement

  • 100% immediately vested 401(k) match on the first 5% of your contribution on eligible compensation

• Variety of ways to prioritize much-needed time away from work including:

  • Flexible Paid Time Off (PTO) for exempt employees

  • 3-weeks PTO for non-exempt employees

  • 2-weeks paid Winter Break

  • 10 Company Holidays (including Juneteenth and Wellbeing Day)

  • Summer Fridays (between Memorial Day and Labor Day)

  • Generous paid parental leave for every type of parent

Check out our full overview of benefits on the Perks Playlist page of the career site.

Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.

Universal Music Group is an Equal Opportunity Employer

We are an E-Verify employer in Alabama, Arizona, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Utah.

For more information, please click on the following links.

E-Verify Participation Poster: English / Spanish

E-Verify Right to Work Poster: English | Spanish

Job Category:

Finance & Accounting

Salary Range:

$58,100-$93,363

The actual base salary offered depends on a variety of factors, which may include, as applicable, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job.  All candidates are encouraged to apply.