Royalty Accountant

SUMMARY:
Our client is looking for a Royalty Accountant.

POSITION INFO:

Our client is looking for a Royalty Accountant.

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.

Key Skills:

• 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.

Qualifications:

• Bachelor’s 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).