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 the pioneer in the SSC to set up the RTR team and will be involved with transition activities and responsible for day-to-day RTR operation-related matters. This role will report into the Site Lead for the 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 - Financial Accounting stream.
Job Responsibilities/Objectives:
- Collaboratively guide the 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
- Work with SSC leadership, BU finance, Business Leaders and outsourced party to establish service levels, performance metrics, and technology requirements, and adapt them as needed over time
- Oversee the day-to-day operations of RTR Financial 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): B/S Reconciliation review, Month-Close execution and reporting, Intercompany, FA, projects transactions review and reporting
- Provide support for statutory reporting and difference reconciliation between local GAAP and IFRS, familiar with local tax requirements and can deliver tax related reports.
- Comprehensive understanding of digital sales related revenue, cost and margin booking and be able to review and provide guidance to the work done by outsourced party.
- Cash management and forecast.
- Analyse the financial statements and highlighting risks, opportunities and areas of focus to business unit and maintain healthy balance sheet position
- Stay updated on accounting standards and polices and help implement necessary adjustments to ensure compliance
- Review, coordinate and prioritize the work done by outsourced party and offer insights and feedback on areas of improvement or on areas of excellence
- 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
- 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
- Ensure that the FTE capacity planning is reflective of accurate volumes and average handling time
- Lead migrations and knowledge transfers for new business units, prepare relevant documentation and drive process consistency & standardization in order to optimize operational efficiency
- Participate in the ongoing documentation and updating of company procedure manuals
Required Skills / Experience
- Detailed understanding of the review process underlying all Financial accounting activities and associated controls, which include B/S Reconciliation Review, Month-Close execution and reporting, Intercompany, Fix Assets, Projects transactions review, Statutory reporting
- High integrity, independent and analytical and communications skills together with a strong sense of responsibility
- At least 12 years' relevant experience in RTR/Accounting, with at least 5 years as Financial Accountant
- Preferably 2 years experience in audit or controls and compliance
- Proactive, fast learner, self-motivated and performance-driven with the ability to multitask
- Proficiency in MS Office tools, Blackline and SAP ECC
- Proficiency in IFRS and and work experience in a company that had to comply with SOX Controls
- Experience in utilizing data insights to identify trends, efficiencies, and areas for improvement
- Experience in working with SLA's, KPI's and in determining the right resourcing loading model
- Fluency in English (must) and Mandarin (must), clear and concise communication style
- Experience of working within a multicultural, international environment
- Strong and proven people management / supervisory background
Education
- Bachelors / Masters Degree in Finance & Accounting
- Certified Public Accountant (ACA / ACCA fully qualified or international equivalent)
- Six Sigma/SAP/People management certifications are a plus
Interested? Please follow the link to submit your application today!
Note: Only shortlisted applicants will be contacted.
Note: Only shortlisted applicants will be contacted.
About us:
Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries.
Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans.
UMG's catalog is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). UMG also includes Universal Music Publishing Group, one of the industry's premier music publishing operations worldwide and Bravado, the leading provider of consumer, lifestyle and branding services to recording artists and entertainment brands around the world.
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