Royalties Audit Assistant

Royalties Audit Assistant

Music is Universal. It’s the passionate and dedicated team at Universal Music who help make us the world’s leading music company. From A&R to finance, legal to digital, sales to marketing, Universal Music is the place to grow and develop your career within a truly commercial and innovative business that leads in everything it does.

Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of gender, race, disability, sexual orientation, religion, belief, age, marital status, background, pregnancy, or caring responsibilities. We also recognise the importance of diversity of thought within our teams and are fully committed to embracing the talents of people with autism, dyslexia, ADHD, and other forms of neurocognitive variation.

We will always seek to make appropriate adjustments to recruitment, workplaces, and work processes to be fully inclusive to people with different needs and working styles. If you need us to make any reasonable adjustments for you from application onwards, including alternatives to the online form or to disclose a neurocognitive condition, please email UniversalMusicCareers@umusic.com.

Department Description

The Royalty Department plays a key role for our artists. Using royalty clauses contained within the recording agreements, we create and deliver regular royalty statements that are transparent and accurate in a timely manner.

The world of royalties is changing faster than ever and we are continuously adapting to change as well as implementing new initiatives and processes to continue to deliver a best in class service.

The Role

Working in the royalty audit team within the royalty department, the Royalty Audit Assistant will work across various ongoing royalty audits towards the audit’s final settlement. Reporting to the Head of Royalty Audits, the role is responsible for assisting with gathering, reviewing, analysis and delivery of royalty data. The audits will cover the UMG roster, working across all the frontline labels.

Key Responsibilities

• Tracking audit queries, updating work schedules and maintaining audit files.
• Extracting and manipulating data from UMG royalty systems.
• Preparation of data for external auditors.
• Building & maintaining relationships with internal contacts for gathering information.
• Producing data analysis for use in audit queries, audit claims and royalty reconciliations.
• Liaising with the royalty teams to ensure corrective actions are completed.
• Conduct independent reviews of royalty statements for accuracy.
• Resolution of ad hoc queries.

Skills And Experience Required

• Must have experience using Microsoft Excel (v-lookups and pivot tables).
• Excellent written and verbal communication skills.
• Ability to think proactively to seek solutions.
• Ability to meet deadlines quickly and accurately while managing competing priorities is required.
• Experience working in a royalty related role (nice to have).
• An interest in music and the music industry (nice to have).
• A wider understanding of a finance function (nice to have).

Key Behaviours

• Organised
• Confidentiality

About UMG UK

We are Universal Music Group UK – the UK’s leading music-based entertainment company. We exist to shape culture through the power of artistry. We help UK artists produce, distribute and promote the most critically acclaimed and commercially successful music to inspire and entertain fans at home and around the world.

Bonus Tracks: Your Benefits

• Group Personal Pension Scheme (between 3% and 9%)
• Private Medical Insurance
• 25 paid days of annual leave
• Interest Free Season Ticket Loan
• Holiday Purchase scheme
• Dental and Travel Insurance options
• Cycle to Work Scheme
• Salary Sacrifice Cars
• Subsidised Gym Membership
• Employee Discounts (Reward Gateway)

Just So You Know…

The company presents this job description as a guide to the major areas and duties for which the jobholder is accountable. However, the business operates in an environment that demands change and the jobholder's specific responsibilities and activities will vary and develop. Therefore, the job description should be seen as indicative and not as a permanent, definitive, and exhaustive statement.

Job Category

Royalties & Copyright

Key skills/competency

• Royalties Audit Assistant
• Microsoft Excel
• Data Analysis
• Royalty Statements
• Audit Queries
• Data Manipulation
• Internal Communication
• Time Management
• Problem Solving
• Music Industry