Financial Controller, Universal Music Group
Office located in Kings Cross, London
Music-based entertainment
Open for applications
Music-based entertainment
1001+ employees
Open for applications
Office located in Kings Cross, London
1001+ employees
Company mission
To shape culture through the power of artistry.
Role
Who you are
- The ideal candidate will have a strong background in financial management, accounting, and compliance, with the ability to work collaboratively across departments
- Professionally Qualified Accountant with post-qualification experience (ACA or ACCA)
- Bachelor’s degree in Economics, Accounting, or Finance with a strong academic record
- Extensive experience in preparing statutory accounts and audit files. Detailed knowledge of IFRS and UK GAAP
- Ability to operate at both a senior financial level and in a hands-on capacity
- Self-motivated with strong organizational and communication skills, and a keen attention to detail
- Previous experience with SAP, A4O, BPC, and HFM reporting suites
- Proven ability to work under pressure and meet tight deadlines
- Advanced knowledge of Excel
- Project management and delivery experience Desirable:
- Experience in the media or music business
- Familiarity with database queries
- Experience working with outsourced RTR and PTP functions
What the job involves
- We are looking for a detail-oriented and experienced Financial Controller to manage our financial operations, ensuring timely and accurate financial reporting
- Oversee month-end financials within corporate deadlines, including accruals, interface closings, journal entries, balance sheet reconciliations, and variance analysis
- Prepare and submit monthly HFM reports to corporate finance, along with the management pack and variance analysis for cash flow and P&L
- Lead the preparation of the annual budget and quarterly forecasts using BPC, ensuring timely submissions to corporate finance, and preparing board packs and internal analyses
- Provide visibility of performance against KPIs by creating dashboards and delivering monthly presentations
- Track and report on financial information related to investments, evaluating success against KPIs using various BI tools
- Manage financial accounting responsibilities, including the preparation of statutory accounts and serving as the liaison with external auditors
- Collaborate with the Production Department and UMG Tax Team to gather information for the BFI and facilitate tax credit submissions to HMRC
- Maintain an effective control framework, including designing and implementing approval mechanisms for key commercial decisions, as well as maintaining robust RTR, PTP, and OTC controls
- Manage the Management Accountant, fostering a collaborative and high-performance culture
- Support the Head of Finance with overseeing production finance activities
- Ensure compliance with tax legislation and appropriate film tax credit structures for film production
- Support the label CFO with commercial, financial, and internal controls as needed
- Lead projects, as needed by the organisation
Salary benchmarks
Our take
Universal Music Group (UMG) was founded in 1998 and it has grown rapidly and steadily since, now establishing a position as one of the "Big Three" record labels (alongside Sony Music and Warner Music Group).
UMG differentiates itself from competitors with its internal links across business functions. Each artist can access the best recording technologies, merchandising services, management services, and live music services, as well as much more. This is not provided by other smaller and even larger companies, meaning UMG is in a unique position to build each artist’s “brand”.
UMG became a publicly traded company in late 2021 and has used funds to finance its international expansion. Valued at over $49.8 billion, this global music leader looks to remain in a strong position for years to come.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Company HQ
Santa Monica, CA
Articles
Leadership
Lucian Grainge
(CEO & Chairman)Worked in the music business for his entire career. He has been named the most powerful person in the music business on four occasions in the 2010s by Billboard.
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