Staff Accountant

LC Business Management; Beverly Hills (CA); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Health, dental, and vision coverage

401(k)

PTO

Job summary

LC Business Management seeks a Staff Accountant to support financial operations for its music clients. Responsibilities include AP/AR, royalty tracking, tour accounting, GL maintenance, and financial reporting.

The role requires familiarity with music industry revenue streams and strong organizational skills to thrive in a fast-paced, team-oriented environment.

Qualifications

• The ideal candidate has a degree in Music Business, Accounting, Finance, or Business Management.
• Experience with QuickBooks Online and BILL.com is preferred.
• Excellent organizational and communication skills with accuracy in a fast-paced environment.

Responsibilities

• Maintain general ledger accounts for multiple artist and client entities with accurate classification.
• Process accounts payable and receivable including vendor payments and client disbursements.
• Prepare and reconcile bank, credit card, and tour settlement accounts.
• Track music industry income streams: royalties, touring revenue, merchandising, publishing, licensing.
• Assist in monthly/quarterly financial statements and client reports.
• Support royalty accounting by recording statements and checking calculations.

Skills

Communication

Teamwork

Organization

Attention to detail

Problem solving

Deadline management

Education

Music Business degree

Accounting degree

Finance degree

Business Management degree

Tools

QuickBooks Online

BILL.com

Job description

Position Summary

The Staff Accountant role at LCBM is responsible for supporting the financial operations of our client’s dynamic music organizations and operations. This role handles day to day accounting functions such as accounts payable and receivable, royalty tracking, commission reporting, tour accounting, general ledger maintenance, and financial reporting. The Staff Accountant works closely with the business management team to ensure accurate financial data, timely payments, and compliance with industry specific contracts and regulations. The ideal candidate combines strong accounting fundamentals with an understanding of music industry revenue streams, including royalties, advances, and distribution income, and thrives in a fast paced environment.

Key Responsibilities

The Staff Accountant will be responsible for performing a range of accounting tasks, including:

• Maintain general ledger accounts for multiple artist and client entities, ensuring accuracy and proper classification of transactions


• Process accounts payable and receivable, including vendor payments, client disbursements, and deposit tracking


• Prepare and reconcile bank, credit card, and tour settlement accounts


• Track and account for music industry income streams, including royalties, touring revenue, merchandising, publishing, and licensing income


• Assist in the preparation of monthly and quarterly financial statements and client reports


• Support royalty accounting by recording statements, verifying calculations, and investigating discrepancies


• Assist Business Manager with the management of cash flow reporting and budgeting for artists, touring activities, and business entities


• Coordinate with business managers, tour managers, and external partners to gather financial data and ensure timely reporting


• Maintain accurate records of contracts, advances, and recoupment schedules


• Prepare journal entries, accruals, and account reconciliations


• Support tax preparation by organizing financial records and assisting with required filings

The responsibilities outlined above are representative of the position but are not all-inclusive. The employee may be required to perform additional duties, including those outside the primary scope of this role, as reasonably assigned by management.

Qualifications

The ideal candidate will have experience in accounts payable or a related field, with an understanding of accounting principles and practices or have a degree in Music Business, Accounting, Finance, or Business Management. Experience with Quick Books Online and BILL.com is preferred. The candidate should also possess excellent organizational and communication skills, as well as the ability to work accurately and efficiently in a fast-paced team environment.

Skills & Competencies

• Excellent verbal and written communication skills.


• Ability to thrive in a team environment.


• Strong organizational and multitasking abilities.


• High level of professionalism and discretion with confidential information.


• Ability to prioritize tasks and meet deadlines in a dynamic environment.


• Strong attention to detail and problem-solving skills.

Schedule

Hybrid - three days in office; remote Mondays and Fridays. On remote days, you’re expected to be fully reachable and available from 9:00 a.m. to 5:00 p.m. Pacific Time.

Benefits

• Health, dental, and vision coverage


• 401(k)


• PTO