Fool’s Gold – Record Label Controller (US)

This position is responsible for royalty reporting, monitoring royalty related revenues, royalty contract management, bookkeeping, fiscal activity reconciliation, accounts payable and accounts receivable.

This position reports directly to the CEO, label manager, and business manager(s)

 Job Duties and Responsibilities include but not limited to:
  • Compiling and parsing physical and digital music sales data and using this data to calculate artist and publishing royalties using a combination of a dedicated royalty software and tools
  • Quarterly and semi-annual sales to RoyaltyShare reconciliation
  • Analyze and summarize monthly and quarterly royalty revenues
  • Manage all royalty related sales files
  • Issue royalty payments along with Royalty Share artist statements
  • Review recording agreements, analyze mechanical royalty clauses and obtain a mechanical license from publisher
  • Review royalty contracts and determine appropriate revenue recognition methodology
  • Manage royalty contract database
  • Respond to mechanical and artist statement queries
  • Prepare semi-annual rendering summary tracking previous balance, payments made, current period royalties and closing balances
  • Prepare other reports, as necessary
  • Bookkeeping tasks (I.e. bank account and credit card reconciliation, A/P, A/R)
  • Other basic accounting tasks as directed by label’s business manager(s)
  • College graduate with an accounting or music business degree (or similar)
  • Royalty accounting and music business experience
  • Experience with RoyaltyShare preferred
  • Proficiency in Microsoft excel and Microsoft word, Vlookup and pivot tables
  • Inquisitive and excellent at finding more efficient processes and tracking down the source of errors
  • Staying informed about industry trends
  • Knowledge of music publishing
  • Attention to detail
  • Excellent time management skills
  • Ability to work with limited supervision
  • Responds well to pressure
  • Strong written and verbal communication skills

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