Associate Manager, Artist Royalties

Universal Music Group, Inc.•Woodland Hills, CA

56d

About The Position

We are UMG, the Universal Music Group. We are the world's leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world. We are UMG, the Universal Music Group. We are the world's leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world. We are currently seeking to fill the role of Associate Manager. In this role, you will be responsible for all aspects of account management including income tracking, creating and managing artist accounts to ensure that we are accurately reporting royalties and participations to artists and third parties in accordance with the applicable agreements and licenses. You will also be responsible for accuracy in monthly royalty expenses and accruals, cash forecasting and partnering with label management on artists projects. This position affords the right candidate exposure to all aspects of royalty and participation reporting and to many key players in the business space. The right candidate will have a passion for music and be hungry to learn and grow in the business of music.

Requirements

Strong analytical, organizational and problem-solving skills with attention to detail
Self-motivated
Must be able to prioritize work and meet deadlines with little oversight
Work well under pressure in a fast-paced environment
Excellent verbal and written communication skills
Proficient in Microsoft Excel, Word and OneNote
Ability to learn new concepts quickly and efficiently
Accountability for deliverables
Collaborative nature
Commitment to work overtime as required
Minimum 3 years work experience preferred
Experience with recording contracts and royalty accounting preferred.
Experience with participations or residuals.
Experience with Financial Accounting (including journal entry preparation and accruals)
Qualification (four-year college degree or certificate) in Music Business, Accounting or Finance or equivalent work experience is preferred.

Responsibilities

Review and administer statements for artists and third-party participants.
Communicate with various parties (internal and external) to obtain contracts and verify participation splits to ensure all obligations are executed in accordance with contract terms and understandings of all contractual parties.
Work with Label management to evaluate recording funds, deal profitability, deal renewals and option triggers.
Track new projects and recording activity in Studio Hub and update the relevant systems and processes for all participants and all releases.
Review contracts and briefs prepared by Business Affairs for accounting obligations.
Create and manage accounts.
Prepare, review and statement any assigned A&R participations and soundtrack reporting.
Support UMG Finance with Royalties Financial reporting.
Answer all daily inquiries from internal and external clients in a timely and professional manner.
Perform monthly analysis of global revenues, revenue trends and unprocessed revenues.
Work with income processing groups to clear any unprocessed revenues.
Perform monthly analysis of expenses for key accounts to ensure they are in line with contract terms.
Prepare and post corrections to the relevant systems.
Other duties as assigned.

Benefits

Be part of an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit
Comprehensive medical, dental, vision, and FSA options, as well as:
100% coverage for out-patient mental health services
Wellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720/year)
A lifetime fertility support allowance of $30,000 to plan participants
Student Loan Repayment Assistance and Tuition Reimbursement
100% immediately vested 401(k) match on the first 5% of your contribution on eligible compensation
Variety of ways to prioritize much-needed time away from work including:
Flexible Paid Time Off (PTO) for exempt employees
3-weeks PTO for non-exempt employees
2-weeks paid Winter Break
10 Company Holidays (including Juneteenth and Wellbeing Day)
Summer Fridays (between Memorial Day and Labor Day)
Generous paid parental leave for every type of parent