Vice President, Finance

Universal Music Group; Philadelphia (Philadelphia County); On-site; USD 154,000 - 270,000; Full time

Benefits offered by this job

Comprehensive benefits package

401(k) with company contributions

Wellbeing programs and fitness stipend

Generous paid time off and holidays

Job summary

Universal Music Group seeks a seasoned Vice President, Finance to drive profitability and strategic decision-making across a global merchandise and apparel business operating through eCommerce, wholesale, retail, licensing and touring channels.

You will own financial planning, product and channel profitability, inventory costing, and management reporting, partnering with executive leadership and cross-functional teams to optimize revenue growth and working capital.

Qualifications

• Senior financial leader with experience in multi-channel apparel/merchandise businesses.
• Expertise in budgeting, forecasting, and long-range planning.
• Strong ability to evaluate deals, royalties, licensing, and working capital.

Responsibilities

• Lead annual budget, long-range plan, and reforecasts.
• Partner with commercial leaders to set revenue targets and margins.
• Develop profitability reporting by artist and business line; analyze pricing and inventory impact.
• Provide variance analyses and actionable recommendations to senior management.

Skills

Financial leadership

FP&A

Budgeting

Forecasting

Profitability analysis

Education

Bachelor’s degree in finance, accounting, economics, or business administration

Tools

SAP

BPC

Oracle HFM

Job description

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:The Vice President, Finance is a senior financial leader responsible for driving profitable growth, financial discipline, and strategic decision-making across a music merchandise and apparel business operating through eCommerce, wholesale, retail, licensing and touring channels.This role will engage in financial planning and forecasting, product and channel profitability, inventory and cost accounting, commercial deal evaluation, and management reporting. The Vice President will partner closely with executive leadership and teams across merchandising, eCommerce, retail sales, touring, licensing, production, supply chain, and operations.The ideal candidate combines deep apparel-industry financial expertise with strong commercial judgment and a practical understanding of the operational complexities associated with inventory, product development, fulfillment, royalties, licensing, and multi-channel distribution.How you'll CREATE:Participate in the annual budget, long-range plan and periodic reforecast.Partner with commercial leaders to develop revenue targets, margin goals, expense plans, and performance improvement initiatives.Develop integrated financial plans covering revenue, gross margin, operating expenses, working capital, cash flow, inventory, and capital investment.Provide timely variance analysis of actual results compared to budget, forecast, prior year.Identify key performance drivers, risks, and opportunities and translate them into clear recommendations for senior management.Develop and maintain profitability reporting by artist and business line and evaluate margin performanceSupport inventory planning, SKU rationalization, markdown strategies and end-of-cycle inventory decisions.Partner with business and legal affairs and senior management in deal structuring and negotiation.Support assortment planning, demand planning, pricing decisions, product launches, artist campaigns, tour planning, retail programs, and customer negotiations.Develop executive dashboards and management reporting that provide clear visibility into revenue, margin, profitability, inventory, cash flow, and operational performance.Bring your VIBE:Bachelor’s degree in finance, accounting, economics, business administration, or a related discipline.Significant progressive finance experience, including leadership responsibility in FP&A, commercial finance, operational finance, or a related function.Substantial experience in the apparel, fashion, merchandise, footwear, accessories, consumer products, or closely related inventory-based industry.Strong knowledge of apparel economics, including product costing, sourcing, landed cost, inventory management, markdowns, returns, sell-through, and seasonal product lifecycles.Experience leading annual budgets, forecasts, long-range plans, management reporting, and financial performance reviews.Demonstrated ability to analyze profitability by product, channel, customer, artist, program, or business unit.Strong understanding of inventory accounting, cost accounting, inventory reserves, purchase commitments, and working-capital management.Experience evaluating commercial deals, investments, guarantees, royalties, licensing arrangements, or strategic partnerships.Familiarity with ERP and warehouse management systems, specifically SAP, BPC, Oracle HFM.Experience with financial planning, business intelligence, reporting, or data-visualization systems.Advanced Excel skills, including complex financial modeling, scenario analysis, large datasets, lookups, pivot tables, and structured reporting.Excellent written, verbal, and presentation skills.Demonstrated ability to communicate financial concepts clearly to creative, commercial, operational, and executive audiences.Ability to operate effectively in a fast-paced, entrepreneurial, and deadline-driven environment.Perks Playlist:Join an entrepreneurial, global organization where authenticity, boldness, creativity, connection, drive, and insight aren’t just values—they’re how we work every day. Here are some of the ways we support you along the way (and just a few of the benefits we offer):Comprehensive medical, dental, and vision coverageIncluding 100% coverage for out-patient in-network mental health servicesFertility coverage for eligible medical plan participantsWellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720/year)Student Loan Repayment Assistance and Tuition Reimbursement401(k) with 100% immediate vesting on the first 5% of your contributions, plus an additional UMG contributionA variety of ways to prioritize much-needed time away from work including:Flexible Paid Time Off (PTO) for exempt employees3-weeks PTO for non-exempt employees2-weeks paid Winter Break10 Company Holidays (including Juneteenth and Wellbeing Day)Summer Fridays (between Memorial Day and Labor Day)Generous paid parental leave for every type of parentCheck 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 EmployerWe are an E-Verify employer in Alabama, Arizona, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Utah.Please note, UMG is not enrolled in E-Verify in California and New York, and cannot support employment of candidates whose employer must enroll in E-Verify, for example candidates on STEM-OPT.For more information, please click on the following links.E-Verify Participation Poster: English / SpanishE-Verify Right to Work Poster: English | SpanishJob Category:Finance & AccountingSalary Range:$154,450- $270,000The 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.