Analyst, Participations

This is a Full Time Job

Analyst, Participations
Job Description:

We are Warner Music Group, home to a broad roster of new stars and legendary artists through a collection of the best-known record labels in the music industry including Asylum, Atlantic, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin', Warner Records, Warner Classics, and Warner Music Nashville, as well as Warner Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. We currently have a fantastic opportunity to join our innovative and highly sought-after Participations team at WMG's Center of Excellence for Shared Services.

A little bit about our team:
The U.S. Shared Services organization is based in WMG's Center of Excellence for Shared Services in Nashville, Tennessee (the ''Center''). The Center consists of both Finance and Legal Shared Services divisions that contain Analysis, Finance, Legal, Licensing, and Reporting departments. Employees of the Center provide services to all of WMG's U.S. record labels, Warner Chappell Music Publishing, WEA Corp. and Alternative Distribution Alliance (WMG's distribution companies), and WMG's other U.S. business units.

Why this could be your next big break:
The U.S. Shared Services Reporting Department is responsible for managing all of the reporting obligations of WMG's U.S. record labels (including those operated by the Alternative Distribution Alliance, Atlantic Records, Rhino Entertainment, Warner Records, and Warner Music Nashville) to recording artists, producers, writers and publishers, labor unions, and other external payees. The Department's services include the following:
• Calculating and paying royalties to recording artists, producers, and other third parties;
• Calculating the net profits earned by joint ventures between WMG's record labels and external parties and then paying those external parties their contractual shares of such
• profits;
• Calculating and paying monies due to labor unions pursuant to the terms of the collective bargaining agreements between such unions and the applicable WMG record labels that are signatories to those agreements.
• Members of the Department work closely with employees in the Business Affairs, Finance, Production, Operations, New Media, and Marketing departments of each label client to fulfill the above-referenced responsibilities for the recordings and records those labels release.

High-Level Job Description:
Prepare and distribute participation profit share, distribution (P&D), and merchandise statements on behalf of WMG's recorded music labels and subsidiaries according to contractual agreements.

Here you'll get to:
• Prepare and distribute participation profit share, distribution (P&D), merchandise statements
• Compile transactional data for statement preparation, analyze, review and provide supporting statement data
• Read, comprehend and summarize artist and label contracts, create corresponding statements and schedules
• Perform statement and account reconciliations
• Assist with tasks as part of the overall close process, that involves reconciliations, transfers, participation, P&D and merch liabilities, journal entries, accruals and true-up schedules
• Maintain vendor master data, update cash flow reports and co-ordinate payments
• Communicate with third parties, internal departments, and conduct research as required
• Maintain process documentation and ensure department controls are adhered to
• Manage individual workflow to ensure compliance with contractual deadlines
• Collaborate with other team members to improve the efficiency of the reporting process, and ensure department priorities and deadlines are met
• Learn operational & accounting systems and the related flow of data through the systems

Rockstar candidates will have the following:
• Advanced proficiency with MS Excel
• Possess st