About Company
Are you a numbers wizard with an unwavering passion for music? Hiring.zycto is actively seeking a Royalty Accounting Specialist to join a vibrant team dedicated to the intricate financial heartbeat of the music industry. We represent cutting-edge clients, from indie labels to major publishers, ensuring artists and creators receive their due. This role offers the unique opportunity to blend your accounting expertise with your love for melodies, contributing directly to the success and sustainability of musical talent. You’ll thrive in an environment that values precision, innovation, and a genuine appreciation for the art form, making every calculation a note towards a brighter future for music.
Job Description
We are seeking a highly meticulous and enthusiastic Royalty Accounting Specialist to join our dynamic team in Fresno, California, supporting our esteemed clients within the music industry. This pivotal role is perfect for an individual who possesses a keen eye for detail, strong analytical capabilities, and a genuine passion for music. As a Royalty Accounting Specialist, you will be instrumental in managing the complex process of calculating, processing, and distributing royalties to artists, songwriters, publishers, and other rights holders. You will work with diverse data sets, contracts, and industry-specific software to ensure accuracy and compliance with contractual agreements and industry standards.
Your day-to-day will involve a deep dive into royalty statements, analyzing revenue streams from various sources such as streaming, sales, licensing, and sync placements. You will reconcile discrepancies, prepare detailed financial reports, and communicate effectively with internal teams and external stakeholders regarding royalty inquiries. This position offers a unique opportunity to directly impact the financial well-being of creative talent, ensuring transparency and fairness in compensation. If you are ready to apply your accounting prowess in an industry that moves to its own beat, thrives on creativity, and demands precision, this is your chance to shine. Join us in making sure every note, lyric, and performance is accounted for, contributing to the continued success and growth of the global music landscape.
Key Responsibilities
- Prepare, review, and distribute accurate royalty statements for artists, songwriters, and other rights holders.
- Process and reconcile incoming royalty data from various revenue sources (e.g., streaming platforms, digital retailers, performance rights organizations, sync licenses).
- Interpret and apply complex contractual terms to ensure accurate royalty calculations and payments.
- Investigate and resolve royalty discrepancies, communicating findings clearly to relevant parties.
- Maintain and update royalty accounting systems and databases with current contract information and rates.
- Assist with month-end and year-end close procedures related to royalty accruals and payments.
- Collaborate with legal, business affairs, and A&R departments to understand and implement new contractual terms.
- Generate ad-hoc royalty reports and analysis as required by management or clients.
Required Skills
- Bachelor's degree in Accounting, Finance, or a related field.
- 3-5 years of experience in royalty accounting, preferably within the music or entertainment industry.
- Proficiency in advanced Microsoft Excel (pivot tables, VLOOKUPs, complex formulas).
- Strong analytical and problem-solving skills with exceptional attention to detail.
- Excellent written and verbal communication skills.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- Demonstrated understanding of music industry revenue streams and copyright principles.
Preferred Qualifications
- CPA certification or actively pursuing.
- Experience with royalty accounting software (e.g., Vistex, Counterpoint, IPM, custom systems).
- Familiarity with generally accepted accounting principles (GAAP).
- Proven ability to interpret legal contracts and apply terms to financial calculations.
- A genuine passion for and knowledge of the music industry.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- Paid time off, including vacation, sick leave, and holidays.
- 401(k) retirement plan with company matching.
- Opportunities for professional development and career growth.
- Access to exclusive music industry events and networking opportunities.
- A collaborative and supportive work environment.
- Employee assistance program.
How to Apply
Interested candidates are encouraged to click on the application link below. Please submit your resume and a cover letter detailing your relevant experience and passion for the music industry. We look forward to reviewing your application!