Senior Director, Fund Accounting & Administration

Job Description

Universal Music Group (UMG) currently has an opening for a Senior Director, Fund Accounting & Administration position within its Central Accounting Services (CAS) division. This position will be responsible for the fund accounting, administration, and investor reporting responsibility for music investment funds that are managed by UMG. The ideal candidate will have 10-12 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
• Coordinate and oversee the preparation of quarterly NAV and closing packages
• Review calculations of management and other fund related fees
• Manage the financial close process and ensure financial statements are prepared in accordance with US GAAP
• Review monthly reporting package and various analyses (income statement/balance sheet) prepared by staff to validate the monthly close
• Create and review partner capital calls, monthly and quarterly partner capital statements including calculation of partner allocations
• Calculate and review waterfall models, distribution notices, and management fees
• Lead quarterly forecasts and annual plan process
• Liaise with internal or external auditors and provide audit deliverables and inquiry resolution.
• Support special projects, process improvement initiatives & annual compliance testing
• Supervise, train, and review the work of a growing team of Fund Accountants

Bring your VIBE:
• Bachelor's Degree in Accounting a must, CPA or MBA preferred
• 10 to 12 years of broad general ledger accounting or corporate reporting experience, with at least 5 to 7 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.

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Job Category:
Finance & Accounting

Salary Range:
$134,190 - $244,218

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.

Jobcode: Reference SBJ-rnqjw1-18-223-209-114-42 in your application.