Sony Music Entertainment

  • Manager Royalty Operations

    Location US-NJ-Rutherford
    Posted Date 7 days ago(1/14/2019 12:17 PM)
    Job ID
    2019-7447
    # Positions
    1
    Category
    Royalties - Other
    Level
    Manager
  • Overview

    Sony Music is committed to providing equal employment opportunity for all persons regardless of age, disability, national origin, race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, veteran or military status, genetic information or any other status protected by applicable federal, state, or local law.

     

    The Royalty Manager is involved in all royalty aspects for the assigned artist(s).  This includes the roster/high profile artists.

    Responsibilities

    The Royalty Manager’s responsibilities may include, but will not be limited to:

    • Reading the artist, producer, and/or third party contract to obtain relevant information.
    • Interpreting the contractual clauses related to the royalty obligation.
    • Understanding the legal definitions of terms used within the contracts or related documents.
    • Coordinating with Label’s legal and business affairs staff to obtain missing information.
    • Preparing and tracking current period releases.
    • Liasing with Label Departments to retrieve outstanding agreements for royalty participants.
    • Tracking and verifying that each month releases are setup prior to financial month end for accrual purposes.
    • Auditing contractual information within the royalty system.
    • Auditing all relevant exploitations methods are identified and the appropriate royalty rate is assigned.
    • Auditing escalation counters are set to properly count relevant sales.
    • Auditing contract to product contract links and participation percentages for accuracy.
    • Responsible to audit all sales transactions are properly processed on a timely basis.
    • Monitoring sales files on a daily basis for activity related to assigned artists.
    • Responsible to audit that all royalty participants are set up correctly.
    • Appropriate Name, Address and Tax Information is established in order to ensure the proper payment and reporting.
    • Preparing the appropriate accounting statement as required.
    • Audit the sales and cost are accurately stated and the statement is issued on the required due date.
    • Coordinate the statement review with the appropriate label personnel.
    • Audit and approve staff’s statements as established by department guidelines.
    • Researching and responding to month end accrual inquires from accounting and label finance.
    • Researching all inquiries related to assigned accounts.
    • Providing supervisor with status reports regarding the assigned artist accounts.
    • Monitor systems issues and proposed enhancements.
    • Perform special projects as assigned.
    • Monitoring the status of the artist accounts assigned to staff members.
    • Setting daily/weekly goals for the staffs completion of assigned work.
    • Work closely with Department Senior Managers to set overall goals.
    • Provide progress reports as determined by the Senior Managers on department goals.
    • Identify training needs of staff members, work with Senior Managers to develop appropriate training plan.
    • Provide performance feedback. Identify areas of development.

    Qualifications

    • Bachelor’s Degree preferably in Business Administration, Accounting or Finance.
    • Strong proficiency in Word, Excel and Outlook.
    • Minimum of 5  years of royalty or related work experience
    • Ability to work under time constraints while managing department goals.
    • Ability to work well in a collaborative, team oriented environment.
    • Excellent organizational skills and attention to detail.
    • Initiative, always striving to improve things.
    • Ability to manage multiple tasks concurrently.
    • Strong written and verbal communication skills and the ability to interact well with different levels within the organization.

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