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Position: Other
City and State: Woodland Hills, CA
Job Description: UMG seeks an Account Support Specialist for a cross section of their Artist roster to prepare, maintain, and trouble shoot the royalty accounting. Essential Duties: • Prepare legal briefs of financial information in contracts for input into the Royalty System. • Review legal briefs prepared by Artist Royalty Analysts. • Prepare complex royalty calculations and resulting statements according to contract specifications. • Review royalty calculations and statements prepared by Artist Royalty Analyst. • Prepare financial documents related to assigned Artists (Journal Entries; Participant Royalty Statements; Month-End Expense Ratio Analysis; Artist Studies; Participant Statement and General Ledger Manual Adjustments) • Prepare analysis during the monthly financial close process. This position requires attention to detail, and cognitive thinking to discover and research areas to investigate further. • Prepare reconciliations of product sales; review system generated adjustments; and prepare summaries of detail transactions for higher level review. • Investigate claims by participants of any omissions/underpayments payments, and interact with the legal department to determine appropriate action. • Prepare recording fund calculations for Business Affairs and Label Finance in order to determine the financial obligation of artists’ recording budgets pursuant to contract specifications. • Handle inquiries from royalty participants, attorneys, business managers, and other departments within Universal. • Act as liaison between the Contract Administration Group and Artist Royalty Group in order to streamline the legal brief process and to facilitate the flow of information. Job Requirements: • 3-5 years related experience and/or training; or equivalent combination of education and experience. • Individual must be proficient in reading, interpreting, comprehending, and implementing complex financial commitments in contracts. • Ability to work on multiple projects as assigned. • Sharp analytical skills, must be able to think without direction. • The applicant must possess the ability to communicate effectively in a non-judgmental manner with clients. • The applicant must have a proven record of working in a team environment and effective participation as an active member in a team is essential. • The applicant must possess effective time-management skills, the ability to prioritize tasks, the ability to identify and solve problems, strong multi-tasking skills, and the ability to carry out assignments with minimal supervision. • Ability to meet deadlines and work well under pressure in a fast paced and On-Call environment. • Strong understanding of Royalty Accounting concepts and principals Education and/or Experience: • Degree in Finance or Law is preferred • Must have extensive experience in interpreting contracts and royalty calculations • In depth knowledge of Microsoft Applications, especially Excel & Outlook, knowledge of Royalty Systems and JD Edwards, or SAP preferred. • Typing ability of a minimum of 40 words per minute. • Ability to work extended hours as required
Salary Range: N/A
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