Royalty Accountant
vor 2 Wochen
We are Universal Music Australia (UMA), part of The Universal Music Group. We are the world's leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audio-visual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.
UMA is looking for an Accountant to join their tight knit and high performing Royalties team. We support culture through the power of artistry and believe that every team within UMA plays a role in this unique and inspiring company vision. Reporting to the Royalty Controller, and working directly with both Royalties and Finance, this position will involve ensuring the accurate reporting of the artist related financial results in accordance with reporting timetables, artist related contracts and relevant accounting standards and principles and assisting the Finance department with month end processing and ad hoc functions.
The role:
Preparation of all royalty & copyright balance sheet reconciliations
Accounting for monthly Royalty expense accruals in P&L across various revenue types.
Prepare Licensing Income reconciliation and P&L allocations
Posting royalty related adjustment journals
Reviewing intercompany royalty and receipts
Evaluate Artist commitments on and off balance sheet.
Reconciling quarterly royalty interface
Prepare Monthly and Quarterly royalty related schedules to Corporate Finance.
Preparation and review of 3rd party deal accounting – JVs and distribution deals.
Prepare A&R quarterly budget forecasts.
Prepare A&R month end reconciliation including spend, recoupment and provisions
Manage queries with 3rd parties on the accuracy of statements and other accounting
Review interface of intercompany royalty (AIF) invoices and receipts
Updating the BW Provision Tool.
Review Non-Recoupable A&R and NRA income
Preparation of monthly foreign license income analysis
Assist with Royalty and artist vendor related queries, processes and reporting
Responsibility over month end tasks for Royalties
Assist with Artist Audits, internal audits and external audits
Documentation of processes and internal controls
Preparation and posting of ad hoc journals as required
Prepare Annual WHT reconciliation
Provide WHT guidance for A&R and Royalty payments
Preparation of other tax matters as required
Prepare narratives and flowcharts including annual testing per SOX requirements
Working with legal and finance teams
Ad hoc requests from management
About you:
Tertiary qualification in Accounting/Finance
Strong analytical system skills - fully conversant with Microsoft applications, particularly Excel and Word
+3 years' experience in an accounting environment/workplace
CA/CPA part qualified
Systems aptitude (previous experience with SAP advantageous)
Strong learning agility and the ability to learn quickly
Strong knowledge and understanding of accounting theory, terminology and journal entries
Ability to work with multiple stakeholders
Proactive and able to take ownership of assigned responsibilities
Excellent organisational skills and attention to detail due to high volume of work generated within royalty & finance administration
Excellent verbal and written communication skills.
Excellent time management skills with a proven ability to meet deadlines.
About us:
Career opportunities – fantastic opportunity to elevate your Finance career within a supportive, motivated and ambitious team
The opportunity to join the WORLDS leading music company
All the perks of working within the music industry (did someone say live music?)
X 2 'U-Days' per calendar year to spend however you like
Strengths based learning and development opportunities
Much more….
Just So You Know…
The company presents this job description as a guide to the major areas and duties for which the jobholder is accountable. However, the business operates in an environment that demands change and the jobholder's specific responsibilities and activities will vary and develop. Therefore, the job description should be seen as indicative and not as a permanent, definitive and exhaustive statement.
Diversity & Inclusion:
At Universal Music we are committed to fostering diversity and inclusivity as an equal opportunity employer. We encourage applicants from all backgrounds to apply for our roles regardless of their gender, race, ethnicity, nationality, age, sexual orientation, gender identity, intersex status, marital or family status, neurodiversity, religion or belief, disabilities, or socio-economic background. We also encourage people from all cultural backgrounds to apply, including First Nations people. It is through our diversity and inclusivity that we bring together different perspectives, enhancing our creative and evolving workplace. Music is Universal.
Job Category: Finance & Accounting
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