Analyst, Revenue Assurance

This is a Full Time Job

Analyst, Revenue Assurance
Job Description:

Organization Description:

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 five departments: Analysis, Finance, Legal, Licensing, and Reporting. 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.

Department Description:
• 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 Atlantic Records, Rhino Entertainment, Warner Bros. 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 mechanical royalties to songwriters and/or their publishers and administrators; and
• 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 record those labels release.
• The Revenue Assurance Group is responsible for processing all incoming payments received pursuant to the synch and master use licensing agreements covering WMG's recorded music repertoire, tracking and collecting outstanding payments, and administering WMG's artist royalty obligations with respect to such incoming payments.
• Members of the Group work closely with our colleagues in the Visual Media Licensing team, the Master Use Licensing teams, Accounting Operations, Label Business Affairs, Label Finance, Accounts Receivable, and Marketing departments of each label client to fulfill the above-referenced responsibilities related to third-party licensing.

High Level Job Description:

The responsibilities of the candidate hired to fill this position will include collecting, logging and associating incoming cash receipts with the corresponding synchronization licenses, including internal deal number, artist, track and production/project, preparing weekly accounting entries to record revenue, tracking and collecting inbound license fees.

Detailed Job Description/ Responsibilities:
• Work with WMG Visual Media Licensing team and internal label clients to allocate incoming payments to corresponding synchronization licenses
• Associate all incoming synchronization licensing payments with the corresponding deal and deal terms in our Licensing Sub System to ensure accurate and timely allocation and recording of cash payments
• Prepare weekly licensing entries to account for all incoming synchronization revenue by reconciling cash activity to deal/invoice terms
• Coordinate with accounting operations to ensure accurate and timely recordation of revenue and corresponding artist royalty obligations
• Provide ad hoc synch licensing reporting to various internal clients as requested
• Perform various research projects related to third party licenses and payments for various internal clients as needed
• Research unidentified accountings using internal resources and by contacting various third-party licensees and/or other vendors
• Perform any other duties and tasks related to the Department's rol