Associate Director, Audit

This is a Full Time Job

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Associate Director, Audit

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 five departments: Audit, 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. We currently have a fantastic opportunity to join our innovative and highly sought Audit Group.

The Audit Group is responsible for managing all incoming audits arising from the artist recording agreements, joint venture and participation agreements, publishing license agreements, and union collective bargaining agreements to which WMG's U.S. record labels are a party. Members of the Audit Group 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.

Why this could be your next big break:

The candidate hired to fill this position will be responsible for: managing all aspects of the audit process, including without limitation tracking audit notifications, reviewing and analyzing the claims contained in the audit reports we receive, making recommendations to the relevant WMG internal label clients regarding how to respond to those claims, facilitating settlement negotiations between the contracting party and WMG's internal label clients, and ensuring that any internal accounting entries related to the audit process are made accurately and in a timely manner.

Here you'll get to:
• Oversee the tracking of audit notice letters received by the Group's label clients; upon receipt of a given notice, determining (and then advising such label clients of) the maximum duration of the period the contracting party is contractually permitted to audit, and then facilitating the negotiation of the actual period WMG will permit the contracting party to audit;
• Oversee the audit fieldwork process, including, without limitation, collecting all relevant data and other information contained in the books and records of the WMG label concerned that is relevant to (and falls within the contractually-defined scope) of the audit concerned;
• Review and analyze the audit claims submitted by the auditor in question, as well as the relevant provisions of the underlying contracts that govern WMG's exploitation of the assets that is at issue in the audit;
• Develop recommendations for the WMG label client(s) concerned regarding how to respond to the individual claims set forth in each audit;
• Facilitate the settlement of each audit, on behalf of the WMG label client concerned; in close coordination with that label's Business & Legal Affairs and Finance Departments;
• Administer any and all payments made in connection with the settlement of each audit, ensuring that each is