Royalties Business Manager

Armstrong Knight; Ilford; On-site; GBP 30,000 - 45,000; Full time

Benefits offered by this job

Company Pension Scheme

Access to client gigs/events

Outstanding progression opportunities

Job summary

A dynamic management firm in Ilford seeks a skilled Business Manager to support clients in the music and entertainment sectors. This role involves managing royalty accounts, bookkeeping, and facilitating payments. Ideal candidates possess strong organizational skills, experience in client communication, and familiarity with accounting software. AAT qualification is preferred. The role offers excellent progression opportunities and a social work environment.

Qualifications

• Prior experience in music and entertainment sectors.
• Strong knowledge of VAT rules and tax implications.
• Ability to manage client relationships effectively.

Responsibilities

• Create and manage royalty accounts.
• Prepare and review royalty statements.
• Assist with bookkeeping and financial management.

Skills

Attention to detail

Organizational skills

Client communication

Initiative

Education

AAT qualified or relevant experience

Tools

Quick Books

Xero

Job description

Overview

Working with a fun, fast paced and dynamic team you will undertake day to day support for an exciting portfolio of clients within the music/entertainment sectors. Typical client base includes; Recording Artists, Touring Artists, Songwriters, Music Producers, Artist Managers, Booking Agents, Recording Studios, Record Labels, Music Publishers, Music Merchandisers, Creative Design Agents, Authors, Actors, Social Media & TV Presenters.

Key Responsibilities

• Creating and maintaining royalty accounts
• Preparation, review and completion of royalty statements
• Review and analysis of contracts
• Facilitating the payment of royalties to artists and other recipients in a timely manner
• Researching historical royalty payments in response to client queries
• Assist on any other royalties projects as and where needed

Business Management

• To undertake day to day bookkeeping and business management for a portfolio of clients
• Assist with the handling of the portfolio’s financial and personal affairs, whilst meeting the needs and client’s expectations
• Processing sales invoices, receipts and payments
• Completing and filing of client VAT Returns and EC sales lists
• Identifying issues and resolving
• Liaising directly with clients and suppliers on queries to ensure timely completion and a professional manner
• Providing credit control services for client portfolio
• Preparing client cash flow reports and forecasting
• Tour accounting including preparing reports for tour support, 360 commission and other reports in respect of mitigating withholding taxes
• Preparing monthly management accounts
• Dealing with financial paperwork and responding to HMRC queries
• Settlement of all client invoices and tax liabilities to meet deadlines
• Preparation of UK Certificates of Residence, A1’s and international withholding tax forms
• Direct client facing role that requires a confident and professional approach to client servicing
• Knowledge of Payroll and Pensions required as Business Manager would need to liaise with the client on a monthly basis to ascertain changes needed

Your Experience

• Prior experience working within an environment servicing music and entertainment clients
• Previous experience with software packages including Quick Books and Xero are a bonus
• AAT qualified and/or suitable/relevant book-keeping/business management experience
• Knowledge of VAT rules, Accounts, Tax, Payroll and Royalties desirable
• Royalties analysis
• Strong attention to detail
• Highly organised
• An excellent self-starter that demonstrates initiative but also a team player who has the ability and desire to support other members of the team
• Confident approach to client communications
• Takes responsibility for the quality and accuracy of his/her work, with a clear understanding of what and when to flag issues or gather further information on queries from colleagues or the client directly

Additional Information

• Outstanding progression opportunities
• Company Pension Scheme
• Highly social environment
• Access to client gigs/events

Please apply online or contact Thomas for more information on this exciting new career opportunity.