Manager, Fund Accounting-Administration

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: 

Universal Music Group (UMG) currently has an opening for an Fund Accounting / Administration Manager position within its Central Accounting Services (CAS) division.  This position will support the fund accounting, administration, and investor reporting responsibility for music investment funds that are managed by UMG.  The ideal candidate will have 4-6 years of combined general ledger, fund accounting, and/or corporate reporting experience, must possess a Bachelor’s degree in Accounting, and CPA credentials are preferred. Our mission in Central Accounting Services is to continually expand our contribution to the organization through team mentorship, individual development, and creative process improvements.  We are looking for an enthusiastic colleague with a dedicated work ethic and sharp mind.

How you’ll CREATE:

In this role, the successful candidate will have the opportunity to participate in a broad array of accounting, analysis and reporting activities, including:

• Liaise with third-party fund administrators and service providers that support accounting and financial reporting processes

• Assist with the preparation and review of quarterly NAV and closing packages

• Manage offshore resources involved in quarterly accounting and financial reporting processes and monitor compliance with agreed-upon service level agreements (SLA)

• Review all GL activities for proper accounting

• Review & approve journal entries & analysis prepared by offshore staff; including balance sheet account reconciliations

• Manage cash reconciliations and provide guidance to the offshore team for more complex transactions

• Assist with calculations of management and other fund related fees

• Prepare management financial packages, including financial reports, balance sheet reconciliations and supporting analytics to facilitate review of quarterly close by senior finance management.

• Provide support as necessary to assist in the quarterly forecasts and annual plan process

• Manage cash flow projections regularly to ensure adequate funding exists for normal operations, acquisitions, and quarterly distributions.   

• Facilitate the necessary steps to complete funding process with the various partners/parties.  

• Liaise with internal & external auditors and prepare audit schedules as required

• Support special projects, process improvement initiatives & annual compliance testing

• Respond to various investor requests for reports and information

Bring your VIBE:

• Bachelor’s Degree in Accounting a must, CPA or MBA preferred

• 4 to 6 years of broad general ledger accounting or corporate reporting experience  with at least 2 to 3 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

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

Salary Range:

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.