Job SummaryThe 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 TeamOur 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 areCompetencies / Skills / Knowledge / ExperienceEssentialAccounting experienceStrong verbal and written communication skillsMeticulous attention to detail, but also able to take a higher-level view of data and highlight salient facts for discussionAbility to multi-task and work to tight deadlinesAbility to operate using own initiative; adaptable; self-motivatedProactive problem-solverAbility to build relationships at all levels of the businessEffective communication with finance and non-finance personnel at all levels of the businessDesirableCollege or University degree in Accounting, Business, Finance or related disciplineTwo (2) years of previous royalty experience at either a music merchandising company, record company, or music publishing companyGood knowledge of Excel – VLOOKUPs and pivot tables would be helpfulExperience with SAP and AtVenuMedia background - Merchandise / Music Industry experienceWhat the role includesEnd of Tour Artist Profit & Loss StatementsProduce end of tour profit and loss statementsCapture and reconcile all revenue streams from SAPCapture and reconcile all costs from SAPLiaise with the finance team to invoice crew shirts or band sales at the agreed priceReview artist contracts to obtain the correct royalty rate per territory/product as requiredProduce first draft statements for review by the SVP, Royalties, CFO, and other team membersMonthly E Commerce & Retail Royalty & Profit Share statementsExport sales data and reconcile to nominal accountsPrepare monthly royalty statements, ensuring royalty rates and deductions are accurateQuarterly Royalty Reporting Packages for DistributionProduce reporting packages for all UK and US managed artists on a quarterly basisLiaise with artist management when distributing statements and processing royalty invoicesOther DutiesUpdate and maintain the royalty accruals, artist advances and provisions schedule monthly, ensuring it reconciles to the nominal ledgerPreparation and reconciliation of intercompany schedules for international partnersEnsure all royalty payment invoices are correctly coded, match the accrual and are processed in a timely mannerEqual OpportunitiesWe are passionate and committed to our people and go beyond the rhetoric of diversity and inclusion. You will be working in an inclusive environment and be encouraged to bring your whole self to work. We will do all that we can to help you successfully balance your work and homelife. As a growing business we will encourage you to develop your professional and personal aspirations, enjoy new experiences, and learn from the talented people you will be working with. It’s talent that matters to us and we encourage applications from people irrespective of their gender, race, sexual orientation, religion, age, disability status or caring responsibilities.The CompanyLive Nation Entertainment is the world’s leading live entertainment company, comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. Ticketmaster is the global leader in event ticketing with over 500 million tickets sold annually and more than 12,000 clients worldwide. Live Nation Concerts is the largest provider of live entertainment in the world promoting more than 40,000 shows and 100+ festivals annually for nearly 4,000 artists in over 40 countries. These businesses allow Live Nation Media & Sponsorship to create strategic music marketing programs that connect over 1,000 brands with the 98 million fans that attend Live Nation Entertainment events each year. For additional information, visit www.livenationentertainment.comThe expected compensation for this position in NYC is:$84,000.00 USD - $105,000.00 USDThe 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.
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