Management Accounting Lead, Seak

We are UMG, the Universal Music Group. We are the world’s leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.

The core values that comprise Universal Music Group are Authenticity, Boldness, Creativity, Connection, Drive and Insight. These values are the essence of our people which makes UMG the most renowned company in the music industry.

Job Summary:
In this position, you will be part of the RTR team and will be involved with transition activities (if any) and responsible for day-to-day RTR operation-related matters. This role will report into the Site Lead, Shared Service Center.

The RTR Lead manages the teams and end-to-end activities of RTR. The role its crucial through its interaction with key stakeholders in finance, business, outsourcing partner and global process owners. Current scope would cover 10 countries in APAC.

Overall, the responsibilities span the comprehensive management of financial transactions and personnel within the RTR - Management Accounting stream.

Job Responsibilities/Objectives:

- Work with SSC leadership, Local Finance, Business Leaders and outsourced party to establish service levels, performance metrics, and technology requirements, and adapt them as needed over time
- Transition and establishment of the RTR operations within the SSC, ensuring a smooth transfer of financial processes, systems, and data from the Business Units in the region to the SSC when necessary.
- Lead month-end financial review meetings, have discussions on the financials with Finance Director and follow-up on actions raised
- Ensure that the FTE capacity planning is reflective of accurate volumes and average handling time

Day to Day Operation
- Handle the day-to-day operations of RTR Management accounting and outsourced party deliverables, ensuring the prompt and precise delivery of financial services to stakeholders within the region
- Manage service level agreements (SLAs) and key performance indicators (KPIs) to meet or surpass performance targets for all RTR processes, which include (but not limited to): P&L and Margin review, Management reporting packs, Joint Venture/Distribution Deal accounting, Advisory and Control, Repertoire Metadata and Month-Close execution and reporting
- Proactively collaborate with the stakeholders & cross-functional teams (Local Finance, Global Process Owners, BPO, Business) to improve financial processes.
- Particípate in continous process improvement. Regularly track and resolve outstanding issues identified.
- Royalty accounting: provision and actual for third party and intercompany royalty.
- Handle Project accounting for non-recording income - project code review, P&L review.

Month-end close
- Complete HFM(Hyperion) and SAP close
- Review, coordinate and prioritize the work done by outsourced party and offer insights and feedback on areas of improvement or on areas of excellence
- Handles end-to-end R2R activities, ensuring accuracy, timeliness, compliance & adherence to SLAs. Responsible for Month End Closing (MEC) process including reconciliations and journal entries.
- Ensure strong control environment & healthy balance sheet position.
- Monthly closing analysis review on revenue, margin, overhead, marketing.

Controls
- Monitor global process adherence and controls implementation across all employees involved in the RTR flow
- Highlight all areas of concern, risks for non-compliance of corporate policy and procedures
- Participate in the ongoing documentation and updating of company procedure manuals
- Participate in audit meetings, follow-up on deliverables and review the quality of evidence submitted

Standardization and Improvement
- Adhere to and improve the governance model between Local business units, SSC and outsourced party
- Collaborate with global process owners regarding process standardization and optimization, improvements, automations or system upgrades
- Support communication of change and trainings for all team members (local, SSC, outsourcing) with respect to RTR processes or automations
- Escalate outsourcing party business continuity challenges (managerial KPIs) or performance challenges (SLAs) to Outsourcing contract manager
- Lead migrations and knowledge transfers for new business units, prepare relevant documentation and drive process consistency & standardization in order to optimize operational efficiency

Required Skills / Experience
- Detailed understanding of the review process underlying all Management accounting activities and associated controls, which include P&L and Margin review, Management reporting packs, Joint Venture/Distribution Deal accounting, Advisory and Control, Repertoire Metadata and Month-Close execution and reporting
- High integrity, independent