Royalties Accountant

This is a Full Time Job



WHO ARE YOU?

Passionate and motivated. Driven, with an entrepreneurial spirit. Resourceful, innovative, forward thinking and committed. At Live Nation Entertainment, our people embrace these qualities, so if this sounds like you then please read on!

THE ROLE

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.

THE TEAM

The Accounting team within the Merch Traffic Division 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.

WHAT THIS ROLE WILL DO

End of Tour Artist Profit & Loss Statements
• Produce end of tour profit and loss statements
• Capture and reconcile all revenue streams from SAP
• Capture and reconcile all costs from SAP
• Liaise with the finance team to invoice crew shirts or band sales at the agreed price
• Review artist contracts to obtain the correct royalty rate per territory/product as required
• Produce first draft statements for review by the SVP, Royalties, CFO, and other team members

Monthly E Commerce & Retail Royalty & Profit Share statements
• Export sales data and reconcile to nominal accounts
• Prepare monthly royalty statements, ensuring royalty rates and deductions are accurate

Quarterly Royalty Reporting Packages for Distribution
• Produce reporting packages for all UK and US managed artists on a quarterly basis
• Liaise with artist management when distributing statements and processing royalty invoices

Other Duties
• Update and maintain the royalty accruals, artist advances and provisions schedule monthly, ensuring it reconciles to the nominal ledger
• Preparation and reconciliation of intercompany schedules for international partners
• Ensure all royalty payment invoices are correctly coded, match the accrual and are processed in a timely manner

WHAT THIS PERSON WILL BRING
• College or University degree in Accounting, Business, Finance or related discipline required
• Two (2) years of previous royalty experience at either a music merchandising company, record company, or music publishing company
• Accounting experience
• Strong verbal and written communication skills
• Meticulous attention to detail, but also able to take a higher-level view of data and highlight salient facts for discussion
• Good knowledge of Excel – VLOOKUPs and pivot tables would be helpful
• Experience with SAP and AtVenu preferred
• Media background - Merchandise / Music Industry experience preferred
• Ability to multi­-task and work to tight deadlines
• Ability to operate using own initiative; adaptable; self-motivated
• Proactive problem-solver
• Ability to build relationships at all levels of the business
• Effective communication with finance and non-finance personnel at all levels of the business

BENEFITS & PERKS

Our motto is 'Taking Care of Our Own' through 6 pillars of benefits:
• HEALTH: Medical, Vision and Dental benefits for you and your family, including Flexible Spending Accounts (FSA) and Health Savings Accounts (HSAs)
• YOURSELF: Generous paid time off policy including paid holidays, sick time and paid days off for your birthday, Free concert tickets
• WEALTH: 401(k) program with company match, Stock Program
• FAMILY: New parent programs & support including caregiver leave and childcare cash, infertility support
• CAREER: Tuition reimbursement, student loan repayment internal growth and development programs & trainings
• OTHERS: Volunteer time off, crowdfunding network

Live Nation's policy regarding vaccinations and masking will evolve based upon updated regulations and factors related to COVID-19. Currently, we strongly encourage employees to be fully vaccinated or have received a negative COVID test within [24] hours of entering an office.

EQUAL EMPLOYMENT OPPORTUNITY

We 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.

Live Nation strongly supports equal employment opportunity for all applicants regardless of age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), family and medical care leave or the denial of family and medical care leave, mental or physical disability (including HIV and AIDS), marital status, domestic partner status, medical condition (including cancer and genetic characteristics), genetic information, military and veteran status, political affiliation, national origin (including language use restrictions), citizenship, race, sex (including pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, and gender expression, sexual orientation, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation.

We will consider qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance, San Francisco Fair Chance Ordinance and the California Fair Chance Act and consistent with other similar and / or applicable laws in other areas.

We also afford equal employment opportunities to qualified individuals with a disability. For this reason, Live Nation will make reasonable accommodations for the known physical or mental limitations of an otherwise qualified individual with a disability who is an applicant consistent with its legal obligations to do so, including reasonable accommodations related to pregnancy in accordance with applicable local, state and / or federal law. As part of its commitment to make reasonable accommodations, Live Nation also wishes to participate in a timely, good faith, interactive process with a disabled applicant to determine effective reasonable accommodations, if any, which can be made in response to a request for accommodations. Applicants are invited to identify reasonable accommodations that can be made to assist them to perform the essential functions of the position they seek. Any applicant who requires an accommodation in order to perfo

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