Job Summary:Company: Merch TrafficDepartment: FinanceLocation: Kings Cross, London (Hybrid, 3-4 days per week in the office)Reports to: Head of FinanceContract Type: Full time, permanentRole DescriptionThe Royalty Accountant is responsible for the preparation and reporting to management for all our artists. This includes end of tour profit and loss statements as well as monthly and quarterly e commerce, retail and licencing statements. The role requires detailed reconciliations of costs and revenues to the nominal ledger so attention to detail and strong excel skills is essential. 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 work calmly under pressure, as well as being organised and able to prioritise workload.As Royalty Accountant you will work closely with the touring and retail department and the management accountant, as well as supporting other members of the finance team. You may also be required to carry out ad-hoc reporting duties as requested by the Management Accountant and Finance Director.What it’s like to work in the TeamOur team is made up of a diverse group of individuals, but we all share the same passion for putting our employees first. We have a fun atmosphere within the team, which helps us maintain an open, approachable department, which can partner and build genuinely authentic and valuable relationships with our stakeholders. We are committed to working as a team and so support each other to achieve wins together.Who you areCompetencies / Skills / Knowledge / ExperienceEssentialAccruals/Prepayments/Journal Entry 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 initiativeProactivity – display strong initiative and ability to identify and rectify issuesAbility to build relationships at all levels of the businessEffective communication with finance and non-finance personnel at all levels of the businessDesirablePart qualified accountant or qualified by experiencePrevious experience of royalty preparation would be advantageousExperience Xero would be advantageousGood knowledge of Excel – VLOOKUPs and pivot tables would be helpfulMedia background - Merchandise / Music industry experienceBehavioursHard working, hands on finance professionalDependable and responsible individual who takes ownership of tasks and responsibilitiesAn adaptable and self-motivated individual who can work on their own and provide guidance to other team membersWhat the role includesEnd of Tour Artist Profit & Loss StatementsProduce end of tour profit and loss statementsCapture and reconcile all revenue streams from XeroCapture and reconcile all costs from XeroLiaise with the team to invoice crew shirts or band sales at the agreed priceUnderstand and produce end stock reconciliations after the tour has endedReview artist contracts to obtain the correct royalty rate per territory/product as requiredProduce first draft statements for review by the Head of Touring and Finance DirectorMonthly E Commerce & Retail Royalty & Profit Share statementsExport sales data and reconcile to nominal accountsProduce monthly statements, ensuring royalty rates and deductions are accurateQuarterly Licencing Royalty ReportsExport sales data relating to licencing deals and reconcile to nominal accountsCalculate the revenue received and calculate the royalty owed to artist per the contractAccrue the royalty and profit share with the US if applicable Quarterly 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 invoicesQuarterly FEU ReturnsProduce and file quarterly FEU returns and relevant deduction certificates online and within the set deadlinesLiaise with Accounts Payable to ensure that the FEU payment is made and received by HMRC on timeOther DutiesMaintain an accurate royalty database with correct rates and deals as they happen, ensuring you have a copy or extract of the contract to support the rateIf an artist is out of contract, communicate this with the wider team and agree next stepsUpdate 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 partnersPrepare artist advance recoupment statements when requiredEnsure all royalty invoices are correctly coded, match the accrual and are processed in a timely mannerManagement of tour cash drawn and expenses of road managersSetting up new nominal ledger accounts and cost centresEqual 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.comAPPLICATION DEADLINE: 11th September 2023. We reserve the right to close applications at any time.#MerchTraffic
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