Sr. Analyst, Royalties Audit

Job Description

Job Description:

Job Title: Sr. Analyst, Royalties Audit

A little bit about our team:

Warner Music's Center of Excellence for Shared Services, opened in 2017, is the home to the financial, legal and administrative functions that provide critical support and best-in-class services to our US Recorded Music and Publishing businesses. The Nashville center embodies the innovative and creative spirit that stems from the company's deep history in nurturing entrepreneurial thinking and artist-focused innovation, enabling our employees to develop a wide range of skills through cross-function collaboration and development opportunities.

The Audit Group is responsible for managing all incoming audits arising from the artist recording agreements, joint venture and participation agreements, publishing license agreements, and union collective bargaining agreements to which WMG's US record labels are a party Members of the Audit Group work closely with employees in the Business Affairs, Finance, Production, Operations, New Media, and Marketing departments of each label client to fulfill the above-referenced responsibilities for the recordings and record those labels release.

Your role:

This is a great opportunity to make an immediate and significant contribution to the audit team. The candidate hired to fill this position will be responsible for: managing all aspects of the audit process, including without limitation tracking audit notifications, reviewing and analyzing the claims contained in the audit reports we receive, making recommendations to the relevant WMG internal label clients regarding how to respond to those claims, facilitating settlement negotiations between the contracting party and WMG's internal label clients, and ensuring that any internal accounting entries related to the audit process are made accurately and in a timely manner.

Here you'll get to:
• Determine and advise WMG label clients of the maximum duration of the period the contracting party is contractually permitted to audit;
• Prepare and distribute audit reserves to WMG label clients;
• Manage the audit fieldwork process for assigned audits, including, without limitation, corresponding with the auditor, collecting all relevant data and other information contained in the books and records of the respective WMG label for the audit concerned;
• Review and analyze the audit claims submitted by the auditor in question, as well as the relevant provisions of the underlying contracts that govern WMG's exploitation of the assets that is at issue in the audit;
• Develop recommendations for the WMG label client(s) concerned regarding how to respond to the audit claims in a given audit;
• Assist with the settlement of each audit, on behalf of the WMG label client concerned; in close coordination with respective Business & Legal Affairs and Finance Departments;
• Administer any and all payments made in connection with the settlement of each audit, ensuring that each is properly recorded in the books and records of the applicable WMG label client(s);
• Train and lead the members of the Group in connection with each of the above-listed activities;
• Collaborate with junior staff and consultants to ensure fieldwork tasks are completed in a timely and accurate manner;
• Assist with the preparation and distribution of monthly and quarterly Audit Reserves/P&L Reports to WMG label clients;
• Input and track of all data related to assigned audits in the Group's consolidated audit tracking spreadsheet; and
• Perform such other duties as you may be asked to perform by the senior management of the Group and the division.

About you:
• Candidates for this position must be able to work well independently and as part of a team;
• Candidates must have strong computer skills, including strong data entry and data analysis skills (with an emphasis on accuracy and problem-solving) and strong proficiency using Microsoft Office's Excel, Word and PowerPoint applications; familiarity with Microsoft Office's Access application is preferred, but not required.
• Candidate must possess excellent verbal and written communication skills;
• Candidate must possess excellent analytical, mathematical and organizational skills;
• Candidate must be able to meet deadlines consistently and effectively while working under pressure; candidate must be able to manage multiple assignments at any given time and prioritize them effectively and appropriately; and
• Candidate must possess comprehensive working knowledge of WMG's EROS artist royalty system;
• Candidate must possess working knowledge of one or more of the legacy royalty systems previously used by WMG's major US labels (e.g., Atlantic Records, Warner Bros. Records, Rhino Entertainment).
• Candidate must have Bachelor's degree or equivalent experience required; major in accounting, finance or business is preferred.

We'd love it if you also had:
• A minimum of 2+ years experience working in a position or positions involving participation in, and management of, the external audit process for a record label

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Jobcode: Reference SBJ-gxy004-3-145-186-6-42 in your application.