Company: Open On Sunday LLC
Start Date: Immediately
Reporting: Directly to Global Head of Publishing & CEO
Compensation: Competitive, based on strength of candidate.
Location: Remote or Atlanta, GA
Role Responsibilities
The Global Royalty Coordinator is concerned with all aspects of catalog royalties and the accuracy of their payment. The GRC tracks and records incoming royalty payments for the Investment Accounting, Control and Administrative teams; reviews and analyzes source statement data to ensure that payment accuracy; contacts stakeholders directly to resolve issues; prepare and issue royalty review and internal audit statements to senior management; and, assist the Investment and Accounting teams in conducting portfolio variance analysis reviews. In suitable, assist the Chief Development Officer in further design of OOS’ machine learning platform.
Skills And Attributes For Success
• Understand music royalty accounting and emerging revenues streams.
• Have deep experience in royalty accounting statement analysis, the analysis of large data sets, and using excel for creating pivot tables, etc.
• Ability to plan and manage multiple projects with varying priorities.
• Communicating with business leadership and across payors/stakeholders.
• Assist/lead audit settlement negotiations.
• Ability to learn new software platforms.
• Ability to engage and collaborate in diverse settings of people, perspectives and experiences.
• A sense of urgency, decisiveness, and ability to work well under pressure.
To qualify for the role, you must have
• Bachelor’s degree in Business, Business Management, Finance, Accounting, Computer Science, or related field required.
• 5+ years of experience in music royalty accounting and/or music royalty audits.
• Strong proficiency in excel; knowledge of data analytics.
• General Entertainment industry knowledge.
• Must love music and data.
What does a Royalty Coordinator do?
As the name suggests, royalty coordinators are concerned with all aspects of royalties and their payment. They track and record incoming royalty payments and statements, review and analyze the data to ensure that no one is underpaying or overpaying, contact sources directly to resolve issues when they arise, and prepare and issue royalty statements to the copyright holders of the song or recording.
At its heart, this position is a mix of bookkeeping, analysis, and problem-solving. Royalty coordinators spend the majority of their time entering and combing through data, as well as devising new ways to organize and display it. But when they’re not, they’re working with the real people behind those numbers to ensure that everyone is being fairly compensated—a task that requires a mixture of diplomacy and straightforwardness. This position exists in a variety of industries; where there are copyrights, there are royalty coordinators. In the music business, these royalties are collected for the use of copyrighted compositions or recordings, and are generally owed to publishers, record labels, and artists.
At a Glance
Career Path
This is an entry-level position that generally requires at least a bachelor’s degree in business or accounting, and preferably also a previous internship in the music industry. Because royalty coordinators work with several departments, including accounting, licensing, and business affairs, as well as with artists and their representatives, this position can be a great opportunity to learn various aspects of the music business and work toward another position, such as licensing representative or business manager.
Finding Work
Royalty coordinators work at performing rights organizations (PROs), music publishers, record labels, and companies where music is central to their product, such as online music streaming services. These organizations typically publish opportunities for work on job-posting websites. As always, internships offer an opportunity to get ahead.
Professional Skills
• Mathematics and finance
• Bookkeeping and data entry
• Data analysis
• Microsoft Excel
• Attention to detail
• Problem solving
Interpersonal Skills
Royalty coordinators should be mathematically and analytically minded, with close attention to detail and a knack for finding and correcting discrepancies. As a large part of the job is reviewing and analyzing royalty data, the ideal royalty coordinator has a love for data, organization, and problem-solving. It’s also helpful to have strong communication skills and a passion for music business. Those who are willing to go above and beyond by discovering or creating better ways to track and report royalties have an opportunity to get ahead in the business.
Work Life
Royalty coordinators work regular business hours in an office setting. They are unlikely to travel as part of the job.
To Apply: Please email resume to [email protected]
Good luck! Let’s build the future music industry. Tell ’em Digital Music News sent ya!