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  Royalty Analyst
Industry: Music Job Posted: 4/6/2019
Location: Northeast Region Job Status: Full Time
Experience Level: TBD
 

Job Description:

Job ID 2019-7789

Overview

Sony Music Entertainment is a global recorded music company with a roster of current artists that includes a broad array of both local artists and international superstars, as well as a vast catalog that comprises some of the most important recordings in history. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation of America.

Sony Music is committed to providing equal employment opportunity for all persons regardless of age, disability, national origin, race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, veteran or military status, genetic information or any other status protected by applicable federal, state, or local law.

The Royalty Administrator (staff level) is involved in all royalty aspects for the assigned artist(s). This includes low to mid profile artists.

Responsibilities

The Royalty Administrator’s (staff level) responsibilities may include, but will not be limited to:

• Reading the artist, producer, and/or third party contract to obtain relevant information.
• Interpreting the contractual clauses related to the royalty obligation (with the assistance of the supervisor or manager)
• Understanding the legal definitions of terms used within the contracts or related documents (with the assistance of the supervisor or manager).
• Coordinating with Label’s legal and business affairs staff to obtain missing information.
• Setting up and maintaining contractual information within the royalty system.
• Ensuring that all relevant exploitations methods are identified and the appropriate royalty rate is assigned.
• Ensuring that escalation counters are set to properly count relevant sales.
• Running sales query and reviewing results with Supervisor or Manager.
• Ensuring all sales transactions are properly processed on a timely basis.
• Monitoring sales files on a daily basis for activity related to assigned artists.
• Reviewing pending sales transactions.
• Ensuring all royalty participants are set up correctly (Appropriate Name, Address and Tax Information is established in order to ensure the proper payment and reporting).
• Preparing the appropriate accounting statements as contractually required.
• Reviewing sales and costs to ensure they are accurately stated.
• Coordinating the statement review with the appropriate label personnel.
• Confirming that checks are received and matched to all payable statements.
• Obtaining Supervisor or appropriate approval before payment is released.
• Researching all inquiries related to assigned accounts.
• Providing supervisor with status reports regarding the assigned artist accounts.
• Providing guidance to the entry level staff members including providing an overview of tools available to assist in the completion of the assigned tasks. The tools include Royalty Systems, Sony/BMG Resources/Systems, and External Resources such as internet sites (i.e. AllMusic.com).
• Providing key contact information when needed.
• Providing copies of manuals or notes regarding industry terminology.

Qualifications

• Bachelor’s Degree, preferably in Business Administration, Accounting or Finance
• Minimum of (2) years or related work experience
• Strong proficiency in Word, Excel and Outlook
• SAP, EROS, and Access experience a plus
• Ability to work well in a collaborative, team oriented environment.
• Excellent organizational skills and attention to detail.
• Initiative, always striving to improve things.
• Ability to manage multiple tasks concurrently.
• Strong written and verbal communication skills and the ability to interact well with different levels within the organization.
• Self starter with the ability to meet and manage multiple deadlines.



 

 

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