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Senior Director, Fund Accounting & Administration
Universal Music Group - Santa Monica, CA
posted 14 days ago
About the position
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. This role works a Hybrid schedule in office 3 days a week.
Responsibilities
- 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
Requirements
- Bachelor's Degree in Accounting a must
- CPA or MBA preferred
- 10 to 12 years of broad general ledger accounting or corporate reporting experience
- 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
Benefits
- Comprehensive medical, dental, vision, and FSA options
- 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
- 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
