At a Glance
- Tasks: Assist in onboarding a new company and transition to UMG financial reporting standards.
- Company: Join Universal Music, the world's leading music company with a vibrant culture.
- Benefits: Enjoy private medical insurance, generous leave, and a pension scheme.
- Other info: Dynamic environment with opportunities for growth and inclusivity.
- Why this job: Make an impact in the music industry while developing your career in finance.
- Qualifications: Qualified accountant with experience in group reporting and project management skills.
The predicted salary is between 50000 - 60000 £ 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.
The Role
UMG has acquired a new company comprising of 3 divisions and legal entities incorporated in 12 countries run by central finance teams based in Netherlands and the US. The Senior Business Process Analyst will assist in the onboarding of the newly acquired company, helping the finance teams in the transition to UMG financial reporting standards under IFRS, including the adoption of UMG global finance processes. A primary focus will be migrating from their current reporting structure and current ERP’s on to those used at UMG. You will assist with tools and have a knowledge of reporting under IFRS and working under project timelines to reach critical reporting and transition timelines.
Key Responsibilities
- Assist with tools and plans to transition from a central consolidated reporting model to individual reporting entity submissions.
- Demonstrate experience in reading reporting models and data mapping.
- Guide the reporting of purchase accounting adjustments.
- Partner with new company Finance Directors (FDs) and UMG Corporate Finance.
- Ensure changes in accounting policy are tracked and implemented.
- Transition from manual reporting models to UMG’s integrated global finance stack within the next 12 months.
- Work with operational finance teams to help implement process changes.
- Adopt UMG’s standard documented processes and practices.
- Provide required training and go-live support.
- Assist and monitor the migration to UMG’s SAP Global ERP from a mix of 3 to 5 legacy ERP systems.
- Support the onboarding to BlackLine reporting under UMG’s global template.
Skills and Experience Required
- Be a qualified accountant with experience in group reporting and month-end close reporting.
- Possess a beneficial background in an audit or controls-led environment under SOX.
- Experience in transitioning balance sheet migrations and P&L reporting models.
- Demonstrate experience in periodic close accounting and working within month-end close timetables.
- Proven record of data modelling, advanced Excel or Power Automate/BI skills, and designing data templates for end users.
- Display project management skills with a strong ability to work to deadlines.
- Ability to manage intercompany elimination processes.
- Knowledge of SAP ECC.
- HFM and BlackLine knowledge desirable.
About UMG UK
We 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)
Just So You Know... 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.
Senior Business Process Analyst (12 Month FTC) – Kings Cross, London employer: Universal Music Group
At Universal Music Group UK, we pride ourselves on being a dynamic and inclusive employer that fosters creativity and innovation in the heart of Kings Cross, London. Our commitment to employee growth is reflected in our comprehensive benefits package, including a generous pension scheme, private medical insurance, and opportunities for professional development, all within a vibrant work culture that celebrates diversity and collaboration. Join us to be part of a passionate team dedicated to shaping culture through music while enjoying unique perks like subsidised gym memberships and a cycle to work scheme.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Process Analyst (12 Month FTC) – Kings Cross, London
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We think you need these skills to ace Senior Business Process Analyst (12 Month FTC) – Kings Cross, London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Universal Music Group. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Universal Music Group confidence in your short-term commitment to the role.
How to prepare for a job interview at Universal Music Group
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Universal Music Group.
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Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Universal Music Group that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
