Finance Assistant - London, N1C 4AG
Finance Assistant - London, N1C 4AG, United Kingdom
Label/Department
As a global division of Universal Music Group, the world’s largest music company, Virgin Music Group serves as one of the leading partners to independent labels and artists who require a standalone team with global infrastructure and local expertise in every major music market globally. We proudly foster a creative environment that values diversity, inclusion, and excellence. The finance team plays a key role within VMG, working closely with and supporting the VMG CFO and CEOs, whilst providing assistance to the Heads of Finance in the operating companies around the world.
The Role
As a Finance Assistant in Virgin Music group, you’ll be immersed across both the finance operations and financial planning & analysis divisions of the department. You will be helping with the day-to-day running of the department as well as ad hoc analysis, whilst gaining valuable skills and learning about the industry at both a global and market focussed level.
Key Responsibilities
As part of the Financial Planning & Analysis function, you will:
Assist in the running of monthly management presentations across key analysis areas
Use a range of systems to extract key reports to support both monthly and ad hoc analysis
Support in the quarterly forecast and annual plan processes, running key reports and reconciliations and collaborating with finance teams across the globe to gather additional information and data
Learn about industry and market trends and review VMG performance against the latest Forecast, Plan and prior year through tracking of KPIs and deal level P&Ls
As part of the Finance Operations function, you will:
Support the monthly reporting process including the preparation of reconciliations, control and assurance reports, and UMG Global Finance deliverables
Be involved in the monthly royalty processing for selected operating entities
Gain experience in using key financial reporting systems, such as SAP and Hyperion, supporting the month end processes and validation procedures
Provide additional off-cycle support to the wider VMG team (assisting with new supplier set up and ad hoc financial system queries)
Ensure accuracy, compliance and consistency across financial processes and reporting activities
Skills and Experience Required
Must Have
A genuine interest in the music industry and in building a career within it
A desire to become a finance professional
A team player who is good at building professional relationships and adapting a personal approach to deal with different personalities who have varying levels of knowledge and skills across the organisation
Ability to communicate effectively, verbally and in written form
Strong computer literacy and excellent Excel (or equivalent) skills
Excellent analytical skills
Flexible with ability to multi-task and prioritise
Ability to manage own workload in a pressurised environment and work to tight deadlines
Proficiency in Excel (VLOOKUPs, Pivots, SUMIFs) and PowerPoint
Nice to Have
A degree in Accounting/Finance or similar is preferred (2:1 or higher)
Finance specific internship or practical finance experience is a bonus
Why Join VMG?
Virgin Music Group offers compelling, efficient, and highly flexible global solutions with the most advanced marketing technology available for independent record labels and artists who want to succeed. This is your opportunity to:
Gain hands-on experience in a global music company
Develop professional and interpersonal skills that last a lifetime
Connect with industry experts
Be considered for future roles in a business that values emerging talent
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)
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