Royalty Accountant - #389655

Recruitment Matters Africa (Pvt) Ltd


Date: 6 days ago
City: Johannesburg, Gauteng
Contract type: Full time
Our client is looking for a Royalty Accountant.

Responsibilities

  • Calculate and process royalty payments for artists, producers, distribution clients, and other stakeholders.
  • Ensure accurate and timely disbursement of royalty payments according to contractual terms.
  • Process royalties on both the RASA and internal systems.
  • Prepare royalty statements and reports for internal and external stakeholders.
  • Assist in the preparation of financial reports, including income statements and balance sheets related to royalties.
  • Perform a recoupability analysis against advances on a monthly basis.
  • Reconcile royalty accounts.
  • Maintain and update royalty accounting systems and databases.
  • Ensure all royalty data is accurate and up-to-date.
  • Pull reports as required for international and domestic revenue.
  • Review and analyze royalty agreements to determine payment terms and obligations.
  • Ensure compliance with contractual and legal requirements.
  • Ensure that statements are sent out to stakeholders timely.
  • Assist in internal and external audits related to royalty accounting.
  • Provide necessary documentation and information to auditors as required.
  • Perform regular reconciliations of royalty accounts to ensure accuracy.
  • Investigate and resolve discrepancies in royalty calculations and payments.
  • Work closely with the finance, legal, and A&R departments to ensure alignment and accuracy in royalty payments.
  • Communicate effectively with artists, managers, and other external stakeholders regarding royalty-related inquiries.
  • Collaborate with the A&R team on artist P&Ls and models.
  • Identify opportunities for improving royalty accounting processes and systems.
  • Implement best practices and efficiencies in royalty accounting.

Key Skills

  • Strong understanding of accounting principles and financial analysis.
  • Excellent analytical and problem-solving skills.
  • Proficiency in Microsoft Excel and other accounting software.
  • Attention to detail and high level of accuracy.
  • Ability to work under pressure and meet tight deadlines.
  • Strong communication and interpersonal skills.
  • Knowledge of music industry contracts and royalty structures.
  • Attention to Detail: Ensures accuracy in financial records and reports.
  • Analytical Thinking: Analyzes complex data and contractual terms to ensure accurate royalty calculations.
  • Communication: Clearly conveys information and interacts effectively with internal and external stakeholders.
  • Integrity: Maintains confidentiality and handles sensitive financial information with discretion.
  • Time Management: Manages multiple tasks and priorities efficiently to meet deadlines.

Qualifications

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
  • CPA or equivalent certification preferred.
  • Minimum of 2-3 years of experience in royalty accounting, preferably in the music industry.
  • Experience with royalty accounting software and systems (e.g., SAP, Oracle, RASA, SAGE, XERO).
Post a CV

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