Royalty Analyst, Rhino/Catalog Group
Warner Music Group
Burbank, CAThis was removed by the employer on 10/29/2014 1:44:00 PM PST
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Full Time Job
WMG - Warner Music Group
Department Description:
• The U.S. Recorded Music Rights Administration Division (“RMRA”) is an internal client services organization that consists of four main departments: Artist Royalties & Administration, Licensing & Rights Administration, Publishing Royalties & Administration, and Legal Affairs. RMRA’s primary clients are WMG’s U.S. record labels.
• The Artist Royalties & Administration Department consists of three main groups: the Atlantic Group, the Warner Bros. Group, and the Rhino/Catalog Group. Collectively, these groups are responsible for preparing and sending out royalty statements (and the corresponding royalty payments) to each third party who is contractually required to receive royalties pursuant to a recording, producer or other agreement with one of WMG’s U.S record labels.
• The Rhino/Catalog Group works specifically with the Business Affairs, Finance, Production, Operations, New Media, and Marketing Departments (among others) of Rhino Entertainment and its affiliated labels to fulfill the above-referenced responsibilities with respect to each of the recordings and records that Rhino and its affiliated labels releases, including recordings and records that feature newly –released repertoire and recordings and records that feature catalog repertoire previously-released by one of WMG’s other record labels.
High Level Job Description:
The candidate hired to fill this position will be responsible for entering and maintaining record royalty rates for the applicable royalty recipient in the various record royalty systems that WMG utilizes and processing record royalty statements for the Group’s record label clients.
Detailed Job Description/ Responsibilities:
• Create and maintain royalty accounts information for royalty recipients in WMG’s artist royalty system, including by updating the recipient’s contact information and tax identification numbers as needed;
• Review and analyze recording agreements, producer agreements and other similar agreements (and any corresponding deal summaries or deal memos) for the purpose of identifying and summarizing the applicable royalty rates, related terms and payee information for a given record or recording and then enter those terms into WMG’s artist royalty system;
• Provide the Income Tracking Team in the Revenue Assurance Group with direction regarding the contractual terms to be applied to third party licensing income, to ensure that royalty recipients are paid properly with respect to third party licenses.
• Link individual record products to the applicable contractual terms as they have been set-up in WMG’s artist royalty system in a timely manner;
• Perform and review adjustments to existing royalty rate set-ups in WMG’s artist royalty system, as needed;
• Process and review semi-annual, quarterly and monthly artist royalty statements to ensure the accuracy of both the royalty rates applied and the underlying earnings on which royalties are being paid;
• Ensure that artist royalty statements are issued in a timely manner;
• Assist with WMG’s monthly, quarterly and annual financial close processes as needed by responding to information requests from WMG’s Corporate and Royalty Finance Departments and the Finance Departments of WMG’s U.S. Record Labels;
• Research historical royalty payments and account set-up in response to internal inquiries; and
• Perform any other duties and tasks related to the Department’s role and responsibilities that might be assigned by the Team’s senior management from time to time.
Required Competencies/Skills:
• Candidate must be able to work well independently and as part of a team;
• Candidate must possess excellent verbal and written communication skills;
• Candidate must possess excellent analytical, mathematical and organizational skills;
• Candidate must be able to meet deadlines consistently and effectively while working under pressure;
• Candidate must be able to manage multiple assignments at any given time and prioritize them effectively and appropriately; and
• Candidate must have strong computer skills, including strong data entry skills (with an emphasis on accuracy) and strong proficiency using Microsoft Office’s Excel, Word and PowerPoint applications; familiarity with Microsoft Office’s Access application is preferred, but not required.
Special Requirements/Preferences:
• Candidate should possess a minimum of 0 to 2 years’ experience working in a position or positions involving the administration of artist, mechanical or other publishing royalties.
• Candidate should be prepared to work overtime toward the end of each quarterly royalty statement cycle; candidate should be prepared to schedule vacation days at times that will not conflict with these deadlines, so that their absences do not interfere with their ability to meet royalty statement deadlines.
Education Required/Preferred:
• Bachelor’s degree required.
Our Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national Origin, alienage or citizenship, disability, marital status, familial status, military or veteran status, or any other legal recognized protected basis under federal, state or local laws, regulations or ordinances.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws and the Company complies with all applicable reasonable accommodation requirements which such laws may require. Accordingly, please inform the Company’s Human Resources representative if you need an accommodation in order for you to complete any employment application-related forms or otherwise to participate in the application or selection process for the position for which you are applying. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity and will enable applicants to participate in the application and selection process and for employees to perform the essential functions of their jobs without imposing undue hardship on our Company. The Company also will make reasonable accommodations to an applicants or employee’s religious beliefs and practices as may be required by law, unless an undue hardship would result.