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For Companies At a Glance
- Tasks: Manage finances for artist tours and royalty accounting, ensuring accuracy and compliance.
- Company: Join Universal Music Group UK, a leader in music-based entertainment.
- Benefits: Enjoy private medical insurance, generous leave, and a pension scheme.
- Why this job: Be part of shaping culture through music while developing your financial skills.
- Qualifications: Experience in financial accounting and strong Excel skills are essential.
- Other info: Dynamic work environment with opportunities for growth in the music industry.
The predicted salary is between 36000 - 60000 £ per year.
The Role The Tour & Royalty Accountant is responsible for managing and overseeing all financial aspects related to artist tours and royalty accounting. This includes producing accurate tour P&L statements, calculating UK withholding tax for foreign artists, and preparing royalty statements in line with contractual terms. The role requires extracting and analysing financial data to ensure accuracy, investigating discrepancies, and managing monthly accruals and true-ups.
Key Responsibilities
- SOX control requirements
- IT literate and experience of different accounting software and packages. Navision and SAP would be an advantage.
- Excel is essential
- Work with the legal team regarding contract interpretations and contract improvements
- Work with UMG labels to establish new reporting process (coming in 2026)
- Additional responsibilities as agreed on an ad-hoc basis
Skills and Experience Required
- Knowledge and experience of financial accounting and royalties.
- Accounting knowledge is essential (needs to be well versed in the world of debits & credits).
- Must be able to prepare a basic P&L
- Experience of reading contracts in order to determine royalties, etc.
- Good excel skills
- Knowledge and experience working with Navision & SAP
- Knowledge of Access databases
- Knowledge of Analysis For Office
- Strong analytical skills and strategic thinking
- Good communication skills
- Ability to manage own workload and deadlines
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)
Touring Royalty Accountant – Kings Cross, London employer: Universal Music Group
Contact Detail:
Universal Music Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Touring Royalty Accountant – Kings Cross, London
✨Tip Number 1
Network like a pro! Reach out to people in the music industry, especially those who work at UMG or similar companies. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! If you’ve got experience with Excel, Navision, or SAP, make sure to highlight that in conversations. Bring examples of your work to interviews, like P&L statements or royalty calculations, to demonstrate your expertise and how you can add value.
✨Tip Number 3
Prepare for the interview by researching UMG and understanding their culture. Familiarise yourself with their artists and recent projects. This will not only impress them but also help you tailor your answers to show you’re a perfect fit for their team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the UMG family. Keep an eye on our careers page for the latest opportunities!
We think you need these skills to ace Touring Royalty Accountant – Kings Cross, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Touring Royalty Accountant role. Highlight your experience with financial accounting, royalties, and any relevant software like Navision or SAP. We want to see how your skills match 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 the music industry and how your analytical skills can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Excel Skills: Since Excel is essential for this role, make sure to mention any specific projects or tasks where you've used it effectively. Whether it's creating P&L statements or analysing data, we want to know how you’ve mastered those spreadsheets!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining the UMG family!
How to prepare for a job interview at Universal Music Group
✨Know Your Numbers
Brush up on your financial accounting knowledge, especially around P&L statements and royalty calculations. Be ready to discuss how you’ve managed similar tasks in the past, as this will show your familiarity with the role.
✨Excel Skills are Key
Since Excel is essential for this position, make sure you’re comfortable with advanced functions and data analysis. Consider preparing a few examples of how you've used Excel to solve problems or streamline processes in previous roles.
✨Understand the Contracts
Familiarise yourself with reading and interpreting contracts, particularly in relation to royalties. You might be asked about your experience with contract analysis, so having specific examples ready will help you stand out.
✨Communicate Clearly
Good communication skills are crucial, especially when working with legal teams and UMG labels. Practice articulating your thoughts clearly and concisely, and be prepared to discuss how you’ve effectively collaborated with others in the past.