Royalty Associate
Description
About the job
Downtown Artist & Label Services offers distribution, bespoke marketing solutions, and funding to entrepreneurial artists and their partners, ranging from emerging talent at the forefront of pop culture to the most storied managers and record labels. Downtown Music is owned and operated by Downtown Music Holdings. Downtown allows artists and their partners to achieve the same commercial success on digital sales and streaming platforms that they would expect of a major record label, without sacrificing any ownership in their works, control over their strategy, or their creative vision.
Downtown Artist and Label Services is looking for a Royalty Associate to join our Royalty Finance team. This role will provide administrative support to the team for our day to day processes and any ad-hoc projects. This role will also sit across numerous client services functions from an accounting perspective. This is an early-career opportunity for someone interested in learning the ins and outs of how mechanical royalties are processed and distributed. This role will be based in our Los Angeles office. This is a hybrid position that will have a flexible remote and in office working schedule.
**What you'll do: **
- Retrieve statements via email, portals, FTPs, etc. Reconcile statements to inbound royalty payments
- Calculate and distribute royalty statements to our global client base
- Maintain relationships with DA&LS distribution clients through e-mail correspondence regarding royalties and statements
- Assist with bulk matching statements in our royalty processing system
- Provide support to our A/R, Operations, Client Services, and Marketing Teams
- Complete ad hoc projects as needed
- Research labels, albums, artists, and revenue splits
- Track monetary advances and commissions monthly
- Estimate DSP (digital service provider) royalties monthly
After 3 months you’ll have:
- A firm grasp of how to read and interpret a royalty statement
- Insight into the DSPs that we work with, their reporting practices, and statement analytics
- Exposure to and experience with royalty cycles, from reporting to payment and distribution
- A practical understanding of our proprietary product and infrastructure
- Basic comprehension of how D&ALS operates, collects, and distributes royalties
- Exposure to and understanding of the detailed metadata received from DSPs/Pay Sources
- Understanding of how to process international wire, direct deposit, and PayPal payments
Requirements
You are / have:
- Bachelor's degree preferred in Finance, Accounting, or related field
- 1-2+ years of professional experience (the following environments preferred: streaming service, distributor, record label, artist management, PR, booking agency)
- Passion for music, publishing and royalties
- Experience with and facility for working with large data set
- Intermediate to advanced knowledge of Microsoft Excel
- Comfort with regular communication via Zendesk, e-mail and video conferencing platforms
- Excellent communication skills, both in a B2B and B2C environment
- Strong attention to detail, highly organized and extremely motivated
- Ability to self-manage and multi-task workload in a fast-paced, high-volume environment
- Outstanding analytical skills
- Diligence in managing a range of clients with excellent follow-through
- Proficiency in multiple languages a plus (French, Spanish)
- Positive, level-headed attitude with excellent time and stress management
- Understanding of global music royalty landscape a plus
- Familiarity with QuickBooks or accounting systems such as NetSuite or Dynamics a plus
Benefits & Perks
Why you want to work here:
- Ample opportunities to work with leaders and employees across multiple Downtown brands
- Work in a collaborative environment full of mission driven, innovative, and passionate people
- Be part of an open, welcoming, and inclusive culture
- Rich benefit program (Medical, Dental, Vision), Life Insurance, 401k (with match)
- Paid Volunteer Hours
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Downtown Music Holdings
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Downtown Music Holdings is a global company that owns, manages, and develops businesses with a vision for a more equitable and innovative music ecosystem. With operations across North America, Europe, Asia, Australia, and Latin America, we are the world’s leading provider of end-to-end services to artists, songwriters, labels, music publishers and other rights holders. Downtown Music Holdings manages millions of music copyrights across our portfolio of companies, with a catalog that spans more than 100 years of popular music, including music for film and television, and the single largest independent sound recording catalog in the industry.