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Royalty Analyst

2 months ago

Nashville, United States Tri Star Sports and Entertainment Group,Inc Full time
Job DescriptionJob Description

Tri Star Sports and Entertainment Group is a renowned business management firm serving high net-worth clients in the sports and entertainment industry. Tri Star provides comprehensive financial and advisory services including accounting, tax, tour management and wealth preservation strategy. We foster a culture of professionals who are committed to super serving our clients and their trusted advisors. Tri Star seeks to employ innovative methods to provide the highest level of accounting and business management services. We create a financial foundation and path to sustain growth and stability which allows our clients to focus on their fullest professional and personal goals.

Position Summary

This position requires a highly organized individual who possesses strong initiative and has the ability to complete multiple projects in a deadline driven environment. This individual must be able to communicate effectively and understands the need to work in an integrated manner with other members of the department in furtherance of goals, objectives, and knowledge. Tri Star will only consider candidates for this role who have worked in royalties or within the music business.


This position must report to our Nashville office Monday - Friday.


Job Essentials, Responsibilities, Duties

  • Download and summarize royalty statements from portals.
  • Combine and format large electronic datasets.
  • Maintain organized electronic files and folders.
  • Aggregate transform, summarize, and analyze various datasets by creating databases, designing pivot tables, and running queries.
  • Reconcile royalty subledger activities to the general ledger.
  • Reconcile various third-party liability account balances.
  • Analyze existing royalty system terms to ensure alignment with agreements.
  • Analyze data to find underpayments of royalties and create claim schedules.
  • Prepare accurate and timely monthly, quarterly, and semi-annual royalty statements to comply with contractual obligations, ensuring all costs and advances are reconciled to the general ledger.
  • Prepare royalty schedules for insurance applications and/or renewals.
  • Prepare customized royalty reports as requested.
  • Conduct Internet research.
  • Communicate client change of address and direct deposit information to income sources.
  • Respond to inquiries from internal teams.

Specific Job Knowledge, skills, and Abilities

  • Experience with an accounting system (QuickBooks, Dynamics, SAP, Oracle).
  • Experience with data mining tools (Access, SQL, BI).
  • Experience developing metrics for reporting, using data visualization tools Tableau or Power BI.
  • Prior experience working in accounting, audit, royalty accounting, music and/or licensing.
  • Experience or education in the music business, particularly music royalties or audit.
  • Eagerness to learn new skills and concepts.
  • Strong written and verbal communication skills with the ability to interact across the organization.
  • Extremely detail-oriented to create accurate and timely reports.
  • Strong work ethic with a positive attitude & a fit with the company’s culture & values.

Qualifications

  • BA or BS in Finance, Accounting, Business, or related field
  • Experience in royalties required
  • Experience providing services to HNW or high profile clients, preferred
  • 5+ years of relevant work experience
  • Proficiency in Excel, including Pivot Tables and formulas (such as VLOOKUP and SUMIF)
  • Strong analytical and problem-solving skills, with clear attention to detail
  • Ability to set goals, manage timetables and meet deadlines

Tri Star Core Values

PERFORMANCE: We provide clients with excellent reporting and service


HONESTY & INTEGRITY: We are transparent and accountable, always being truthful to staff and clients


TEAMWORK: We actively participate in group discussions, tasks, and projects


COMMITMENT: We are dedicated to our roles within Tri Star, the core values of the firm and the clients


TECHNOLOGY: We seek to capitalize on innovative technologies and contribute to positive change in the firm