Royalties Accountant

Job Description

The Royalty Accountant is responsible for the preparation and reporting of merchandising royalty statements for an assigned roster of Merch Traffic's artists. This includes end of tour profit and loss statements as well as quarterly E-commerce, retail, and licensing statements.

The role requires detailed reconciliation of costs and revenue to the general ledger. In addition, the role requires distribution of quarterly reporting packages to artist management, so good written and oral communication skills are required, plus an ability to meet contractual reporting deadlines. A high degree of organization skill is essential with ability to prioritize required tasks.

As the Royalty Accountant you will work closely with the touring and retail department and the SVP and Senior Director of Royalties, as well as supporting other members of the finance team. You may also be required to carry out ad-hoc reporting duties and audit support as requested by the CFO and the SVP of Finance.

What it's like to work in the Team
Our department is made up of a diverse group of individuals and we all share the same passion for putting our employees first. We have a convivial atmosphere within the team, which contributes to fostering authentic and valuable relationships internally and with our stakeholders. We are committed to supporting each other to achieve our goals.

Who you are

Competencies / Skills / Knowledge / Experience

Essential
• Accounting experience
• Strong verbal and written communication skills
• Meticulous attention to detail, but also able to take a higher-level view of data and highlight salient facts for discussion
• Ability to multi­-task and work to tight deadlines
• Ability to operate using own initiative; adaptable; self-motivated
• Proactive problem-solver
• Ability to build relationships at all levels of the business
• Effective communication with finance and non-finance personnel at all levels of the business

Desirable
• College or University degree in Accounting, Business, Finance or related discipline
• Two (2) years of previous royalty experience at either a music merchandising company, record company, or music publishing company
• Good knowledge of Excel – VLOOKUPs and pivot tables would be helpful
• Experience with SAP and AtVenu
• Media background - Merchandise / Music Industry experience

What the role includes

End of Tour Artist Profit & Loss Statements
• Produce end of tour profit and loss statements
• Capture and reconcile all revenue streams from SAP
• Capture and reconcile all costs from SAP
• Liaise with the finance team to invoice crew shirts or band sales at the agreed price
• Review artist contracts to obtain the correct royalty rate per territory/product as required
• Produce first draft statements for review by the SVP, Royalties, CFO, and other team members

Monthly E Commerce & Retail Royalty & Profit Share statements
• Export sales data and reconcile to nominal accounts
• Prepare monthly royalty statements, ensuring royalty rates and deductions are accurate

Quarterly Royalty Reporting Packages for Distribution
• Produce reporting packages for all UK and US managed artists on a quarterly basis
• Liaise with artist management when distributing statements and processing royalty invoices
Other Duties
• Update and maintain the royalty accruals, artist advances and provisions schedule monthly, ensuring it reconciles to the nominal ledger
• Preparation and reconciliation of intercompany schedules for international partners
• Ensure all royalty payment invoices are correctly coded, match the accrual and are processed in a timely manner

The Company

The expected compensation for this position in NYC is:
$84,000.00 USD - $105,000.00 USD

The expected compensation for this position in Westchester is

$84,000.00 USD - $105,000.00 USD
**Please note that the compensation information provided is a good faith estimate for this position only and is provided pursuant to the New York Salary Transparency in Job Advertisements Law. It is estimated based on what a successful New York City applicant might be paid. It assumes that the successful candidate will be in New York City or perform the position from New York City. Similar positions located outside of New York City will not necessarily receive the same compensation. Live Nation takes into consideration a candidate's education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the NYC Law, a potential new employee's salary history will not be used in compensation decisions.
**Please note that the compensation information provided is a good faith estimate for this position only and is provided pursuant to the Westchester County Human Rights Law. It is estimated based on what a successful Westchester County applicant might be paid. It assumes that the successful candidate will be in Westchester County or perform the position from Westchester County. Similar positions located outside of Westchester County will not necessarily receive the same compensation. Live Nation takes into consideration a candidate's education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the Westchester County, a potential new employee's salary history will not be used in compensation decisions.

Jobcode: Reference SBJ-rzb2wq-216-73-216-0-42 in your application.