Associate Manager, Artist Royalties at Universal Music Group

Woodland Hills, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Strong analytical, organizational and problem-solving skills with attention to detail
Self-motivated
Ability to prioritize work and meet deadlines with little oversight
Ability to work well under pressure in a fast-paced environment
Excellent verbal and written communication skills
Proficient in Microsoft Excel, Word and OneNote
Ability to learn new concepts quickly and efficiently
Accountability for deliverables
Collaborative nature
Commitment to work overtime as required
Minimum 3 years work experience preferred
Experience with recording contracts and royalty accounting preferred
Experience with participations or residuals
Experience with Financial Accounting (including journal entry preparation and accruals)
Qualification (four-year college degree or certificate) in Music

Responsibilities

Review and administer statements for artists and third-party participants
Communicate with various parties (internal and external) to obtain contracts and verify participation splits to ensure all obligations are executed in accordance with contract terms and understandings of all contractual parties
Work with Label management to evaluate recording funds, deal profitability, deal renewals and option triggers
Track new projects and recording activity in Studio Hub and update the relevant systems and processes for all participants and all releases
Review contracts and briefs prepared by Business Affairs for accounting obligations
Create and manage accounts
Prepare, review and statement any assigned A&R participations and soundtrack reporting
Support UMG Finance with Royalties Financial reporting
Answer all daily inquiries from internal and external clients in a timely and professional manner
Perform monthly analysis of global revenues, revenue trends and unprocessed revenues
Work with income processing groups to clear any unprocessed revenues
Perform monthly analysis of expenses for key accounts to ensure they are in line with contract terms
Prepare and post corrections to the relevant systems
Manage all aspects of account management including income tracking, creating and managing artist accounts to ensure accurate reporting of royalties and participations to artists and third parties in accordance with applicable agreements and licenses
Ensure accuracy in monthly royalty expenses and accruals, cash forecasting and partnering with label management on artists projects
Other duties as assigned

Skills

royalty reporting

account management

income tracking

royalty statements

cash forecasting

accruals

Universal Music Group

Global music recording, publishing, and distribution

About Universal Music Group

Universal Music Group (UMG) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandise. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Santa Monica, CaliforniaHeadquarters

1934Year Founded

$3,890.9MTotal Funding

IPOCompany Stage

Consumer Goods, EntertainmentIndustries

10,001+Employees

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

Risks

Legal battle with Drake over 'pay-for-play' could harm UMG's reputation.

Downtown Music acquisition may face regulatory scrutiny, delaying expansion plans.

AI partnership with Amazon may not fully address evolving AI content challenges.

Differentiation

UMG leads the music industry with a diverse global presence in 60+ countries.

UMG's artist-centric streaming model enhances engagement and revenue for musicians.

UMG's strategic partnerships, like with Amazon, bolster innovation and content protection.

Upsides

UMG's acquisition of Downtown Music boosts its independent music sector presence.

Partnership with KLAY Vision positions UMG as a leader in AI-driven music innovation.

Collaboration with WPP enhances UMG's marketing capabilities and global reach.

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