Manager – Royalty Accounting
The music industry is shifting from a static, artist royalty payment structure to a collaborative, profit sharing relationship with creative partners. The Joint Venture team is central in supporting the Sony Music Label teams by reporting the results of those collaborative partnerships to the creative partners. As a member of the JV team, the Senior Accountant will be responsible for performing accounting and analysis functions integral to financial statement reporting, management reporting and general accounting in compliance with the contract and accounting standards.
What you'll do:
- Prepare financial statements and statements of accounts in accordance with each deal’s contract and review with SME Label management and issue to venture partners.
- Review contracts, clarify issues, summarize key points, and communicate to all affected SME departments to ensure compliance with the contract’s terms and accurate accounting.
- Review and analyze monthly results for assigned joint ventures, including interfacing with SME departments to understand unusual variances or transactions, reconciling subsystems to the general ledger, analyzing accounts and preparing journal entries.
- Coordinate with Business Affairs, A&R Administration, outside partners, their attorneys, representatives, and auditors to address issues, review statements, and review status of deals as required.
- Provide support for the audits of assigned joint venture financial statements with external auditors, including audits by venture partners’ auditors.
- Participate in ad hoc special projects and analyses for senior management.
Who you are:
- CA / CPA or equivalent, with minimum of 2-3 years of business experience, preferably in a Big 4 accounting firm.
- Willing to work in US shift (4.30 pm – 1.30 am).
- Open to hybrid work arrangement with 2 days in a month from office.
- Strong analytical skills with ability to multi-task and prioritize projects.
- Ability to work under pressure and meet deadlines in a collaborative, team-oriented environment.
- Excellent written and oral communication skills in English, and the ability to develop and maintain strong relationships with all levels of management.
- Disciplined self-starter with can-do attitude; proactive, resourceful, detail oriented and strong follow-through skills.
What we give you:
- You join a vibrant global community with the opportunity to channel your passion every day.
- A modern office environment designed for you, empowering you to bring your best.
- Investment in your professional growth and development enabling you to thrive in our vibrant community.
- The space to accelerate progress, positively disrupt and create what happens next.
- We give you the platform to champion positive change, with the opportunity to contribute to our social impact, diversity, equity and inclusion initiatives.
- An excellent range of benefits at par with the current market benchmarks, viz. medical allowance, health insurance, accident cover and EAP program.
Equal Opportunities
As an active part of a culturally and socially diverse society, Sony Music’s aim is that our workforce is diverse and inclusive. Sony Music is an equal opportunity employer and supports workforce diversity.
We employ, retain, promote and otherwise treat all employees and job applicants according to their merit, qualifications, competence and talent. We apply this policy without regard to any individual’s sex, race, religion, origin, age, sexual orientation, marital status, medical condition or disability.
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