Royalty Manager (In-office)
Description
- Prepare timely royalty statements and related activity files:
- Review contracts and payee setup in the royalty system
- Review and analyze sales data before interfacing with the royalty system
- Post expenses/fees/deductions to the royalty system
- Complete initial and subsequent reviews of royalty statements to ensure accuracy
- Distribute statements to editorial teams and business units for review
- Calculate and record reserves for returns by contract terms and company policies
- Prepare manual adjustments and statements when required
- Interact with business units and other departments to resolve issues
- Process new contracts and amendments regularly. Review, code, and approve all advance and payment requests.
- Comply with US and foreign tax withholdings as well as reporting and filing requirements related to advances and royalty payments
- Handle statement recipients’ inquiries and requests
- Prepare ad hoc reports/analyses as needed
Requirements
- Must be detail-oriented, analytical, and exercise good judgment
- Strong verbal and written communication skills
- Highly proficient with Microsoft Excel, databases, and system queries
- Excellent organizational skills. Effectively manages change, delays, and unexpected events
- Focuses on problem resolution
- Able to manage high volumes of data, meet deadlines, and multi-task
- Meets challenges with resourcefulness
- Motivated, and disciplined, with high personal and professional standards of integrity and ethics
- 3+ years experience with royalty contracts, statement preparation, and accounting
- Music Royalty (Artist and Mechanical) experience preferred
- Proficiency with the Royalty Share royalty platform is a plus
- Bachelor’s degree in Accounting/Finance preferred
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VP MUSIC GROUP INC
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**About** VP Music Group is a US based record company that owns and distributes through 4 labels, VP Records, Greensleeves Records, Dub Rockers and 17 North Parade. The company's origins stem from the "Randy's Records" record shop which opened in 1958 on the corner of East and Tower streets in Kingston. Also under the music group is a distribution branch named VPAL. The company has offices in New York City, Miami, Kingston, London, Tokyo, Rio de Janeiro and Johannesburg. The VP Records label was founded in 1979 by the late Vincent "Randy" Chin and his wife Patricia Chin, who owned the Randy's Records store in Kingston, Jamaica (as seen in the 1978 film Rockers), as well as the Studio 17 recording studios. In the mid-1970s, the Chins moved to New York City, setting up a record store in Brooklyn called VP Records in 1975, from which they sold and distributed records. In 1979, they relocated the store to Jamaica, Queens. In 1993, the record label was formed after the success of the retail store. The name of the label is a product of the first letters in the founders' names. The label established itself as one of the first and largest independent record labels for reggae and dancehall, and with the popularity of the riddim sound of the early 2000s, the label achieved worldwide success for artists such as Sean Paul through the label's deals with Warner Music Group's Atlantic Records and Virgin Music Canada. The label is often also accredited with having increased the popularity of the now globally recognized Elephant Man, also known as the 'Energy God' or 'Ele', through a deal with Bad Boy Records. VP Records has acquired the slogan "Miles Ahead in Reggae Music" to signify that they could be considered to be the future of music that derives from the Caribbean. In addition to reggae, VP is also known for dancehall, soca, afrobeats or afro-reggae music. VP also releases a series of Riddim Driven albums, which feature various artists tracks using the same rhythm. The Biggest Reggae One-Drop Anthems is a series of CD reggae compilations that began in 2005 released by Greensleeves Records; Greensleeves was acquired by VP in 2008, and with Greensleeves' catalogue of over 12,000 songs, VP became the largest reggae label and publisher in the world. VP has also issued the compilations series Strictly the Best, which has now reached over 50 volumes. VP Records has been awarded Billboard's "Best Independent Label" for two consecutive years (2002 and 2003) and has received the award for "Best Reggae Imprint Label" for three consecutive years. VP was also nominated for Best Independent Reggae Label at the 2003 Billboard Hip-Hop and R&B awards, and had been mentioned and featured in publications such as Vibe magazine, New York Times, Los Angeles Times, Billboard, and Time magazine. Vincent Chin died in 2003. The label is now run by the Chins' sons Randy and Christopher, while Patricia Chin continues to assist with the maintenance of her late husband's company as well.