Royalty Accountant

HR Genie; Johannesburg; On-site; ZAR 300 000 - 600 000; Full time

Job summary

An established industry player is seeking a meticulous Royalty Accountant to manage and process royalty payments for artists and stakeholders. This role involves ensuring accurate disbursement of payments, preparing financial reports, and maintaining accounting systems. The ideal candidate will possess a strong understanding of accounting principles, excellent analytical skills, and a keen attention to detail. Join a dynamic team where your expertise will contribute to improving royalty accounting processes and ensuring compliance with contractual obligations. If you are passionate about finance and the music industry, this opportunity is perfect for you.

Qualifications

• Bachelor’s degree in Accounting or Finance required.
• 2-3 years of experience in royalty accounting preferred.

Responsibilities

• Calculate and process royalty payments for artists and stakeholders.
• Prepare royalty statements and reports for stakeholders.
• Reconcile royalty accounts and maintain accounting systems.

Skills

Accounting Principles

Financial Analysis

Analytical Skills

Problem-Solving Skills

Communication Skills

Attention to Detail

Time Management

Knowledge of Music Industry Contracts

Education

Bachelor’s degree in Accounting

CPA or equivalent certification

Tools

Microsoft Excel

SAP

Oracle

RASA

SAGE

XERO

Job description

Our client is looking for a Royalty Accountant.

POSITION INFO :

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.
• 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).