Royalty Audit Specialist

3 Months ago • All levels • Administrative • Finance • $49,140 PA - $112,567 PA

Job Summary

Job Description

As a Royalty Audit Specialist at UMG, you'll be responsible for various aspects of the audit process, including responding to fieldwork requests from outside auditors, meeting with auditors, and supervising their work. You'll analyze audit claims, review contracts and documents, and communicate with external auditors. The role demands strong analytical, organizational, and communication skills, including the ability to present multiple perspectives in adversarial situations and handle highly confidential information. Exposure to all aspects of royalty reporting and key industry players is offered. A passion for music and a drive to learn and grow within the music business are essential.
Must have:
  • Strong analytical & organizational skills
  • Excellent communication (written & verbal)
  • Proficient in Excel & Word
  • Ability to work independently & multitask
  • BA in Business, Accounting, or Finance
Good to have:
  • Business Objects/data warehouse experience
Perks:
  • Comprehensive medical, dental, vision
  • 100% outpatient mental health coverage
  • Wellbeing reimbursements
  • Student loan repayment assistance
  • 401k match
  • Flexible PTO
  • Paid Winter Break
  • Company Holidays
  • Summer Fridays
  • Generous parental leave

Job Details

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 own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. 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.
 

How we LEAD:

UMG is currently seeking to fill the role of Royalty Audit Specialist.  In this role, you will be responsible for various aspects of the audit process, as well as assisting the audit team in preparing responses and preparing for settlement negotiations.

This position affords the right candidate exposure to all aspects of royalty reporting and many key players in the business space.  The right candidate will have a passion for music and be hungry to learn and grow in the business of music.

How you'll CREATE:

  • Respond to audit fieldwork requests from outside auditors.

  • Meet with outside auditors and supervise their work.

  • Carefully and articulately communicate in adversarial situations with external auditors regarding their requests.

  • Analyze audit claims and confirm auditor’s claim schedule calculations.

  • Review artist contracts, copyright licenses, correspondence, statements, reports, and other pertinent documents to determine validity of claims.

  • Present multiple perspectives on issues to senior audit team.

  • Recognize and safeguard highly confidential information in adversarial interactions between UMG and third parties.

Bring your VIBE:

  • Strong quantitative, analytical and organizational skills with attention to detail.

  • Must be able to think objectively and present multiple sides of an issue.

  • Must be able to work independently.

  • Able to multi-task, prioritize work and meet deadlines.

  • Excellent verbal and written communication skills.

  • Strong Excel & Word skills; Business Objects/data warehouse experience a plus

  • BA degree in Business, Accounting or Finance. 

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.

For more information, please click on the following links.

E-Verify Participation Poster: English / Spanish

E-Verify Right to Work Poster: English | Spanish


Job Category:

Finance & Accounting

Salary Range:

$49,140 - $112,567

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.

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