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Royalty Accountant

LiveNation
Job LocationWest London
EducationNot Mentioned
SalaryNot Mentioned
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

The Royalty Accountant is responsible for the preparation and reporting to management for all our artists. This includes end of tour profit and loss statements as well as monthly and quarterly e-Commerce, retail and licensing statements.The role requires detailed reconciliation of costs and revenues to the nominal ledger so attention to detail and strong excel skills is essential. 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 work calmly under pressure, as well as being organised and able to prioritise workload.As Royalty Accountant you will work closely with the touring department and the management accountant, as well as supporting other members of the finance team. You may also be required to carry out ad-hoc reporting duties as requested by the Management Accountant and Finance Director.Live Nation Merchandise, part of Live Nation Entertainment is the largest live entertainment company in the world, consisting of five businesses: concert promotion and venue operations, sponsorship, ticketing solutions, e-commerce and artist management. Live Nation Entertainment seeks to innovate and enhance the live entertainment experience for artists and fans: before, during and after the show. Live Nation Merchandise is one of the leading music merchandise companies in the world and work with some of the greatest music artists of our time.RESPONSIBILITIESEnd of Tour Artist Profit & Loss Statement

  • Produce end of tour profit and loss statement
  • Capture and reconcile all revenue streams from Sage
  • Capture and reconcile all costs from Sage
  • Liaise with the team to invoice crew shirts or bank sales at the agreed price
  • Understand and produce end stock reconciliation after the tour has ended
  • Review artist contracts to obtain the correct royalty rate per territory/product as required
  • Produce first draft statements for review by the Head of Touring and Finance Director
    • Monthly E-Commerce & Retail Royalty & Profit Share statements
  • Export sales data and reconcile to nominal accounts
  • Produce monthly statements, ensuring royalty rates and deductions are accurate
  • Liaise with US management and send profit share statements in a timely manner
    • Quarterly Licensing Royalty Reports
  • Export sales data relating to licensing deals and reconcile to nominal accounts
  • Calculate the revenue received and calculate the royalty owed to artist per the contract
  • Accrue the royalty and profit share with the US if applicable
    • 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
    • Quarterly FEU Returns
  • Produce and file quarterly FEU returns and relevant deduction certificates online and within the set deadlines
  • Liaise with Accounts Payable to ensure that the FEU payment is made and received by HMRC on time
    • Other Duties
  • Maintain an accurate royalty database with correct rates and deals as they happen, ensuring you have a copy or extract of the contract to support the rate
  • If an artist is out of contract, communicate this with the wider team and agree next steps
  • Update and maintain the royalty accruals, artist advances and provisions schedule monthly, ensuring it reconciles to the nominal ledger
  • Preparation and reconciliation of inter-company schedules for international partners
  • Prepare artist advance recoupment statements when required
  • Ensure all royalty invoice are correctly coded, match the accrual and are processed in a timely manner
  • Management of tour cash drawn and expenses of road managers
  • Setting up new nominal ledger accounts and cost centres
    • REQUIREMENTSEssential
  • Previous experience of royalty preparation
  • AAT or Part qualified Accountant - CIMA, ACA or ACCA
  • Highly computer literate including Advanced Excel and Sage 200
  • Strong verbal and written communication skills
  • Meticulous attention to detail, but also able to take a higher-lever view of data and highlight salient facts for discussion
  • Ability to multi-task and work to tight deadlines
  • Ability to operate using own initiative
  • Pro activity - display strong initiative and ability to identify and rectify issues
  • Ability to build relationships at all levels of the business
  • Effective communication with finance and non-finance personnel at all levels of the business
    • Desirable
  • Media background - Merchandise/Music industry experience
    • Behaviours The following attributes determine how the role will be carried out and are required to be a success
  • Hard working, hands on finance professional
  • Dependable and responsible individual who takes ownership of tasks and responsibilities
  • An adaptable and self-motivated individual who can work on their own and provide guidance to other team members
    • Required skills
  • Accounting
  • Reconciliation
  • Royalties
  • Data Sales

    • Keyskills :
    Accounting Reconciliation Royalties Data Sales

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