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- Tasks: Lead financial reporting and analysis for a global music powerhouse.
- Company: Join Universal Music, the world's leading music company with a vibrant culture.
- Benefits: Enjoy competitive salary, private medical insurance, and generous annual leave.
- Other info: Dynamic team environment with opportunities for growth and creativity.
- Why this job: Make an impact in the music industry while developing your finance career.
- Qualifications: Must have relevant financial qualifications and experience in global finance reporting.
The predicted salary is between 60000 - 75000 £ per year.
Music is Universal
It’s the passionate and dedicated team at Universal Music who help make us the world’s leading music company. From A&R to finance, legal to digital, sales to marketing, Universal Music is the place to grow and develop your career within a truly commercial and innovative business that leads in everything it does.
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of gender, race, disability, sexual orientation, religion, belief, age, marital status, background, pregnancy, or caring responsibilities. We also recognise the importance of diversity of thought within our teams and are fully committed to embracing the talents of people with autism, dyslexia, ADHD, and other forms of neurocognitive variation.
We will always seek to make appropriate adjustments to recruitment, workplaces, and work processes to be fully inclusive to people with different needs and working styles. If you need us to make any reasonable adjustments for you from application onwards, including alternatives to the online form or to disclose a neurocognitive condition, please email UniversalMusicCareers@umusic.com.
DepartmentThe Global Financial Reporting team is responsible for: the consolidation of the global operating company results, review of the financial reporting of the operating companies, integration of business combinations, communicating the results to the external market and providing analysis and presentations on group financial reporting to management. The team also closely supports the UMG CFO and UMG Board, and provides assistance to the Heads of Finance in the operating companies globally.
The RoleAs a Global Financial Reporting manager, you will report into the VP, Global Finance Reporting. The role will focus on the preparation, analysis, review and presentation of the Group Management accounts to senior management. The manager will also play a critical role in the management of the month-end timetable and related processes, providing assistance of a technical accounting nature to operating companies across the Group, implementation and monitoring of control environment improvements and maintenance of a Key Transaction register to support all material group reporting positions.
Fulfilling these key responsibilities will require managing a team of Global Reporting Analysts and liaising closely with the External Reporting team, treasury function, FP&A analysis team and senior management.
Responsibilities
Analysis, review and presentation of the Group Management Accounts to be shared with key senior management.
Managing team of Global Reporting Analysts through coordination of workloads, priority setting and review of tasks to ensure compliance, accuracy, integrity and timeliness of Group reporting. Provide training and support on financial reporting areas for the team.
Management of month-end Group consolidation, Group level analysis and review processes, including consolidation entries and central adjustments.
Support of forecast and plan cycles throughout the year, which includes Group level analysis and timeliness of reporting.
Control owner over key/non-key monthly management controls, ensuring these are performed and signed off on a timely basis.
Development, review, implementation and monitoring of financial controls and control environment on a continuous basis.
Maintenance of Key Transaction register as support for all material transactions and material positions.
Advising on technical accounting matters where they arise, for example within Business Combinations, Music Catalogue activity or IFRS16 (among others).
Support of internal chart of accounts and related consolidation system integration with other key business finance systems.
Providing support to teams from different territories on consolidation and technical questions.
Communicating with the wider team on month-end consolidation process and insights that affect the wider team.
Assist with the audit process for the Group.
Provide additional off-cycle support to VP , Global Financial Reporting and SVP, Global Financial Reporting and Analysis.
Maintenance of KPIs for financial reporting.
Implementing and developing continued improvements across the reporting team.
Skills And Experience RequiredMust Have
A relevant qualification (ACA, ACCA, CIMA or equivalent) with experience in financial controls and accounting, either from within business or as an auditor.
Prior experience managing multiple processes reporting cycles in a Global Finance Reporting role.
Prior experience managing a team in a Global Finance Reporting role.
Experience in financial reporting requirements, specifically IFRS.
Technical IFRS knowledge (IFRS 16, IFRS 3, IAS 38 among others).
Ability to manage and coach junior team members and provide support to colleagues at all levels including training where necessary.
Ability to communicate effectively, verbally and in written form to explain/present results.
Strong planning and organisational skills, with ability to manage own workload in a pressurised environment and work to tight deadlines.
Ability to apply knowledge from previous global experiences and share knowledge and insight.
Ability to build and sustain strong relationships with colleagues and lead firmwide teams of mixed grades and experience.
Strong interpersonal skills necessary to develop strong relationships with colleagues from the different territories within Universal Music.
Excellent analytical skills and experience building excel spreadsheets up to macro level.
Interest in music with an enthusiasm to work within the industry.
Nice to Have
Knowledge of HFM products would be advantageous.
About UMG UKWe are Universal Music Group UK – the UK’s leading music-based entertainment company. We exist to shape culture through the power of artistry. We help UK artists produce, distribute and promote the most critically acclaimed and commercially successful music to inspire and entertain fans at home and around the world.
Bonus Tracks: Your Benefits
Group Personal Pension Scheme (between 3% and 9%)
Private Medical Insurance
25 paid days of annual leave
Interest Free Season Ticket Loan
Holiday Purchase scheme
Dental and Travel Insurance options
Cycle to Work Scheme
Salary Sacrifice Cars
Subsidised Gym Membership
Employee Discounts (Reward Gateway)
The company presents this job description as a guide to the major areas and duties for which the jobholder is accountable. However, the business operates in an environment that demands change and the jobholder’s specific responsibilities and activities will vary and develop. Therefore, the job description should be seen as indicative and not as a permanent, definitive, and exhaustive statement.
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Global Financial Reporting Manager (12 month FTC) in London employer: Universal Music Group
Contact Detail:
Universal Music Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Financial Reporting Manager (12 month FTC) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Universal Music. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Universal Music's recent projects and financial strategies. Show them you’re not just another candidate, but someone who’s genuinely interested.
✨Tip Number 3
Practice makes perfect! Get a mate to do mock interviews with you. This will help you articulate your experience and skills confidently when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Global Financial Reporting Manager (12 month FTC) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Global Financial Reporting Manager role. Highlight your relevant qualifications and experience, especially in financial controls and IFRS. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills can contribute to our team. Don't forget to mention your interest in music – it’s a big plus for us!
Showcase Your Team Management Skills: Since you'll be managing a team of Global Reporting Analysts, make sure to highlight your leadership experience. Share examples of how you've successfully managed teams and supported colleagues in previous roles. We love seeing strong interpersonal skills!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Universal Music Group
✨Know Your Numbers
As a Global Financial Reporting Manager, you'll need to be on top of your financial game. Brush up on key financial metrics and reporting standards like IFRS 16 and IAS 38. Be ready to discuss how you've applied these in previous roles, as this will show your technical expertise.
✨Showcase Your Leadership Skills
You'll be managing a team of Global Reporting Analysts, so it's crucial to demonstrate your leadership abilities. Prepare examples of how you've successfully led teams, managed workloads, and provided training. This will highlight your capability to guide others while ensuring compliance and accuracy.
✨Communicate Clearly
Effective communication is key in this role, especially when presenting Group Management Accounts to senior management. Practice explaining complex financial concepts in simple terms. This will not only help you during the interview but also in your future role at Universal Music.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills and ability to handle pressure. Think of scenarios where you've had to manage tight deadlines or resolve conflicts within your team. Sharing these experiences will demonstrate your resilience and adaptability in a fast-paced environment.