Manager, Fund Accounting-Administration - Santa Monica, 90404
Universal Music Group, Santa Monica
Manager, Fund Accounting-Administration - Santa Monica, 90404, United States of America
How we LEAD:
Universal Music Group (UMG) currently has an opening for an Fund Accounting / Administration Manager position within its Central Accounting Services (CAS) division. This position will support the fund accounting, administration, and investor reporting responsibility for music investment funds that are managed by UMG. The ideal candidate will have 4-6 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
Assist with the preparation and review of quarterly NAV and closing packages
Manage offshore resources involved in quarterly accounting and financial reporting processes and monitor compliance with agreed-upon service level agreements (SLA)
Review all GL activities for proper accounting
Review & approve journal entries & analysis prepared by offshore staff; including balance sheet account reconciliations
Manage cash reconciliations and provide guidance to the offshore team for more complex transactions
Assist with calculations of management and other fund related fees
Prepare management financial packages, including financial reports, balance sheet reconciliations and supporting analytics to facilitate review of quarterly close by senior finance management.
Provide support as necessary to assist in the quarterly forecasts and annual plan process
Manage cash flow projections regularly to ensure adequate funding exists for normal operations, acquisitions, and quarterly distributions.
Facilitate the necessary steps to complete funding process with the various partners/parties.
Liaise with internal & external auditors and prepare audit schedules as required
Support special projects, process improvement initiatives & annual compliance testing
Respond to various investor requests for reports and information
Bring your VIBE:
Bachelor’s Degree in Accounting a must, CPA or MBA preferred
4 to 6 years of broad general ledger accounting or corporate reporting experience with at least 2 to 3 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