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Royalty Analyst

UnitedMasters
Brooklyn, NY Full Time
POSTED ON 11/26/2021 CLOSED ON 12/22/2021

What are the responsibilities and job description for the Royalty Analyst position at UnitedMasters?

# Who we are 

As a new industry alternative for independent artists, UnitedMasters provides premium music distribution services and facilitates unique partnerships between artists and the world’s biggest brands. We enable artists to maintain full ownership over their master recording rights while introducing them to millions of new fans worldwide through our direct brand partnerships.

The UnitedMasters team is made up of musicians, marketers, engineers and storytellers with backgrounds from YouTube, SoundCloud, Pandora, Instagram, Dropbox, Complex, VICE and more. We work hand in hand with the award-winning creative teams that forge those innovative partnerships at Translation. 

# Essential Responsibilities You’ll Own

  • Participate in the monthly royalty payout run process 
  • Preparation of quarterly royalty payment reports and support documentation.
  • Reviewing contracts to determine royalty payment requirements.
  • Reconciliation of the general ledger accounts for royalties, advances and write offs.
  • Track and monitor guarantee requirements and expiration dates of licensing contracts
  • Assists in the review of new contracts received from Licensors
  • Enter required contractual data points into the rights management system
  • Review and upload royalty reports including identification and resolution of any data conflicts
  • Liaise with agents to ensure timely receipt of royalty statement reporting
  • Prepare monthly 3rd third party royalty statements
  • Maintain monthly Artist advance reconciliation summary
  • Work closely with Corporate Finance/Accounting team
  • Ad hoc requests and analytics to support Sales and Finance team
  • Process and review Artist royalty statements for contract compliance
  • Record transactions in RASA (our Royalty system)
  • Track statements to be processed and update with status of outstanding issues
  • Prepare licensing and royalty data for reporting out to internal business partners
  • Other duties as assigned, including assist with month-end close, assist in preparation of participation reporting to parent company and other parties, assist with licensee audit program, assist with development of standards, processes, and procedures

 

# What will set you up for success

  • Bachelor’s Degree in Finance, Accounting, Business/Music Business or closely related field
  • 3 years Accounting and/or Royalty experience
  • Must be detail-oriented and have excellent organizational, communication and interpersonal skills
  • Flexible work style: able to adjust to multiple demands and a changing and fast-paced environment
  • Ability to work independently, take initiative, and exercise professional judgment
  • Attention to detail and a high level of accuracy required
  • Required technical skills: Advanced MS Excel (knowledge of pivot tables, subtotal, sort, filter, if statements, vlookups, etc. required)

 

About Translation Enterprises

Translation Enterprises, composed of Translation LLC and UnitedMasters, is a minority-owned marketing and technology company empowering brands and artists to forge authentic connections with audiences at scale through a unique mix of actionable insights, technology, and storytelling. 

Translation was founded on the power of culture to propel discourses, trends, and movements - and more importantly, be the most unapologetic determinant of what is relevant. For over 15 years, Translation has partnered with brands and creators to build and grow disruptive platforms that foster deeper community engagement. This experience has given us unparalleled insight into the dynamics of culture and affinities that link people together. Backed by Alphabet, Andreessen Horowitz, and 21st Century Fox, we are reimagining how brands and artists tell their stories, create value, and push culture forward.

 

 

 

Salary.com Estimation for Royalty Analyst in Brooklyn, NY
$107,098 to $139,588
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