What are the responsibilities and job description for the Account Coordinator position at ACL Digital?
Job Title: Royalty Accounting Coordinator
Location: Culver City, CA (Hybrid)
Duration: 06 Months
Job Description:
- Music Business Affairs group handling legal for music used for marketing/ad purposes, streamers, soundtrack royalties, etc.
- Someone with general accounting is ideal and someone with music business industry is a plus
- A lot of Invoicing, managing bank statements/receipts, help allocate funds for projects, work with third party vendors, etc.
Responsibilities:
- The primary purpose of this position will be to support the Music Administration and Exploitation groups and to assist with music royalty/revenue recognition and allocation, licensing income accounting and analysis, quarterly music royalty and vendor updates and maintenance.
- In addition, there will be ad-hoc analyses and special projects in which this position will lead or assist. They must have some experience with Excel.
- Experience with SAP/ARIBA, royalty accounting software (Curve, Record Maestro, Royalty Share) & database/BI systems (Teradata, Snowflake, Tableau, etc) preferred.
- Assist with generating quarterly statements for Madison Gate Records and initiate royaltor payments – 25%
- Assist with allocating royalty earnings to proper production accounts in SAP/ARIBA – 20%
- Provide support for Business Affairs projects (i.e., income analysis, royalty estimate, Soundscan search). – 5%
- Downloading and importing third party royalty statements from various labels/providers into client’s internal databases – 15%
- Vendor maintenance (i.e., add new vendors, input address changes, add banking info, unblock inactive vendors). – 10%
- Request mechanical licenses for MGR releases. – 5%
- On a monthly basis, check group bank account for music licensing receipts and prepare allocations for ingestion into SAP/ARIBA – 10%
- Provide supporting documentation for Audit group as needed. – 1%
- Provide support on long-term special projects & ad-hoc tasks – 9%