Responsibilities
- Calculate and process royalty payments for artists, producers, distribution clients, and other stakeholders.
- Ensure accurate and timely disbursement of royalty payments according to contractual terms.
- Process royalties on both the RASA and internal systems.
- Prepare royalty statements and reports for internal and external stakeholders.
- Assist in the preparation of financial reports, including income statements and balance sheets related to royalties.
- Perform a recoupability analysis against advances on a monthly basis.
- Reconcile royalty accounts.
- Maintain and update royalty accounting systems and databases.
- Ensure all royalty data is accurate and up-to-date.
- Pull reports as required for international and domestic revenue.
- Review and analyze royalty agreements to determine payment terms and obligations.
- Ensure compliance with contractual and legal requirements.
- Ensure that statements are sent out to stakeholders timely.
- Assist in internal and external audits related to royalty accounting.
- Provide necessary documentation and information to auditors as required.
- Perform regular reconciliations of royalty accounts to ensure accuracy.
- Investigate and resolve discrepancies in royalty calculations and payments.
- Work closely with the finance, legal, and A&R departments to ensure alignment and accuracy in royalty payments.
- Communicate effectively with artists, managers, and other external stakeholders regarding royalty-related inquiries.
- Collaborate with the A&R team on artist P&Ls and models.
- Identify opportunities for improving royalty accounting processes and systems.
- Implement best practices and efficiencies in royalty accounting.
- Strong understanding of accounting principles and financial analysis.
- Excellent analytical and problem-solving skills.
- Proficiency in Microsoft Excel and other accounting software.
- Attention to detail and high level of accuracy.
- Ability to work under pressure and meet tight deadlines.
- Strong communication and interpersonal skills.
- Knowledge of music industry contracts and royalty structures.
- Attention to Detail: Ensures accuracy in financial records and reports.
- Analytical Thinking: Analyzes complex data and contractual terms to ensure accurate royalty calculations.
- Communication: Clearly conveys information and interacts effectively with internal and external stakeholders.
- Integrity: Maintains confidentiality and handles sensitive financial information with discretion.
- Time Management: Manages multiple tasks and priorities efficiently to meet deadlines.
- Bachelors degree in Accounting, Finance, Business Administration, or a related field.
- CPA or equivalent certification preferred.
- Minimum of 2-3 years of experience in royalty accounting, preferably in the music industry.
- Experience with royalty accounting software and systems (e.g., SAP, Oracle, RASA, SAGE, XERO).
