Manager, Fund Accounting-Administration - Santa Monica, 90404

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