Processor/Underwriter

Location: West Palm Beach, FL (Hybrid)

Reports to: VP of Operations

Company Overview:

Sound Royalties is dedicated to creating and delivering financial products that help sustain the music community. We have a deep appreciation for music and music Creatives. We understand and provide financing for music professionals to create their music, pay for the next project, and go out on tour without the need to wait for their future royalty checks.

Founded in 2014, we are the premier music finance firm providing artist-friendly funding on all types of royalty streams. We redefined traditional music financing, empowering music creatives with access to capital while never taking ownership of copyrights and allowing for ongoing cash flow instead of 100% recoupment. With this approach, we are the largest music financing service provider in the industry.

We currently serve thousands of music industry professionals in 14 countries and growing, from emerging artists and rising stars to GRAMMY-Award winners in every genre. Our customer portfolio includes hundreds of thousands of songs and streams that include credits by Selena Gomez, Ariana Grande, Bad Bunny, The Fugees, Alicia Keys, Zac Brown Band, Beyonce, Bonnie Raitt, Alison Krauss, Kenny Loggins, Smokey Robinson, Willie Nelson, The Black Crowes, Blondie, Kool & The Gang, Isaac Hayes, Solange, and so many more.

About the role:

The Senior Royalty Underwriter will be based in our West Palm Beach office and will report directly to the EVP of Operations. This role is responsible for managing the end-to-end process of a customer's deal and identifying any risks that may affect the assignment of royalties. The Senior Royalty Underwriter will play a crucial role in mitigating risks, keeping all internal interested parties apprised of deal status, and ensuring smooth operations within the Royalty Underwriting team.

Primary Responsibilities:

• Manage a portfolio of 20-30 customer files, overseeing the entire process from contract review to funding
• Conduct a thorough review and underwriting of customer files within 24 hours of receiving the executed contract
• Process and evaluate customer applications, utilizing analytical skills and internal/market guidelines for accurate assessment
• Communicate effectively with clients, outside vendors/royalty payors, and financial institutions to gather necessary information for assignment completion
• Assist Royalty Specialist with general inquiries and provide them with relevant information as needed throughout the process
• Collaborate with other areas of Music Operations to support the department's daily operational workflow and ensure seamless coordination
• Review reports to identify outstanding items and follow up with royalty payors for resolution
• Use review checklist for underwriting accuracy
• Track pending items from customers and update our SFDC records in a timely manner
• Analyze credit and search reports, interpreting the gathered information and taking appropriate actions
• Process cash advances or loan payoffs to clear title to royalty payments
• Keep Royalty Specialists informed of the status and outstanding items related to each deal
• Identify and raise potential issues with customer transactions, working collaboratively with sales and management to find resolutions

Qualifications:

• Bachelor's degree in Finance, Accounting, Business, or a related field is preferred
• 5 years of experience as an Underwriter or in a similar role within the financial industry
• Strong understanding of risk assessment and underwriting principles
• Knowledge of royalty assignments and music industry is advantageous
• Excellent analytical and decision-making skills
• Effective communication and interpersonal abilities
• Detail-oriented with a focus on accuracy
• Proficiency in using CRM systems and other relevant software applications
• Ability to work collaboratively in a team environment
• Strong problem-solving skills
• Manage a portfolio of 20-30 files
• Work closely with EVP of Operations and Underwriting Team
• Provide support with various tasks related to the day-to-day functions of the department
• Work on all management priority contracts

Why work with us?

• Our employees describe our culture as a supportive environment, and love working here

• We work hard, look out for each other, and take time to enjoy company activities and outings

• We are passionate about the unique products and services we provide to the music community

• You will benefit from our excellent base pay with discretionary bonus, 401k with a match, outstanding medical, dental and vision plans, paid time off, and our modern new office space in an eco-friendly building

• “What’s not to love? We take care of the customers, and management takes care of us.

Sound Royalties is a GoDigital Media Group company and we operate with the following core values:

• Personal Improvement & Wellbeing
• Empowered Thinking
• Integrity & Fairness
• Service

Company Benefits:

We offer an industry leading benefits package that includes traditional benefits such as paid time off, health insurance, dental insurance, tax deferred retirement plans, and access to experts in preventative care. Plus, fun items such as access to GDMG University which is our training program that is led by entertainment, music, and other industry leaders and company events/excursions.

Additional Information:

Sound Royalties is a member company of the GoDigital Media Group that is committed to creating an inclusive work environment that reflects the diversity of our community. We are an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to their race (or traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religious creed (including religious dress and grooming practices), color, national origin, ancestry, physical disability, mental disability, reproductive health decision-making, medical condition, genetic information, marital status, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender, gender identity, gender expression, age (40 and over), sexual orientation, veteran or military status.

Job Type: Full-time

Pay: $45,000.00 - $50,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Application Question(s):

• What is your salary expectation?

Work Location: Hybrid remote in West Palm Beach, FL 33409

Salary : $45,000 - $50,000