Finance Accountant
Team: Accounting Coordinator
The Company
Rhymesayers Entertainment is a leading independent record label and artist management company based in Minneapolis, MN. In an era of quantity over quality, Rhymesayers Entertainment provides a comprehensive ecosystem to empower artists globally. With over 25 years of collaboratively partnering with artists, Rhymesayers Entertainment has helped build and guide the careers of artists such as Atmosphere, MF DOOM, Aesop Rock, Sa-Roc, and many more.
Position Summary
Rhymesayers Entertainment is seeking a dynamic Finance Accountant to join our team. In this role, you will lead and oversee the financial activities of the businesses ensuring accurate financial reporting, reconciliations and analysis for executives to measure the performance of our businesses.
This position requires autonomy in managing accounting processes, encompassing tour settlements, AP/AR, cost tracking, and monthly management reports. The role also involves working with the CFO to create comprehensive budgeting and forecasting with a primary focus on revenue, costs, and profit and loss(P+L) tracking.
Key Responsibilities
- Financial Reporting: Prepare detailed monthly, quarterly, and yearly management reports, reconciliations, and budget analysis with the CFO for Rhymesayers business entities including, artist business mgmt, property management, live touring, recording, and publishing.
- Autonomously Managing all responsibilities related to accounting and finance processes, including closing tour settlements, reviewing all AR/AP, Annual 1099 filings, monthly D2C sales tax return filing by state, and monthly management reports as well as working with external CPA’s on annual tax filings.
- Financial Forecasting: Collaborate with the CFO to create comprehensive and detailed financial forecasts.
- Audit Management: Serve as the primary point of contact for annual financial audits, conduct internal audits to ensure compliance and coordinate with external auditors and provide necessary documentation.
- Project Budgeting and Tracking: Collaborate with the campaigns department heads, CFO, COO, and project managers in the creation of project budgets. Track costs and present the COO and CFO with accurate up-to-date financial data.
- Label Catalog & Merchandising Accounting: Assist the CFO in tracking recoupable advances, revenue recognition, project chargebacks, and royalty accounting reconciliations related to projects and releases.
Desired Skills and Experience
- Previous Music Industry experience and knowledge
- Bachelor’s degree in Finance, Accounting, or related field
- Solid understanding of royalty accounting and project chargeback mechanics
- Proven experience with a minimum of 3-5 years experience in accounting, financial reporting, budget analysis, and audit management
- Strong knowledge of accounting principles, financial regulations and tax laws.
- Proficient in accounting softwares (e.g. Xero, Quickbooks)as well as Microsoft Excel.
- Excellent communication and interpersonal skills with an ability to build a narrative around financial data
- Detail-oriented and capable of meeting tight deadlines
- High moral character to maintain confidentiality
- Deep accounting knowledge with strong attention to detail and accuracy
- Excellent analytical, problem-solving and organizational skills in
Benefits and Wellbeing Perks
- Competitive Salary
- 401K
- Remote Working
- Fully covered individual medical, dental, and vision benefits sponsored by the employer.
- Paid Time Off
- Paternity + Maternity Leave
- Creative + Mindful Company Culture
Rhymesayers Entertainment is an Equal Opportunity Employer
