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Ideal for a recent college graduate seeking their initial role in the accounting/finance field 🙂
Job Title: Jr. Financial Analyst
Employer: Sound Royalties (soundroyalties.com)
Classification: Full-Time, exempt
Location: West Palm Beach, FL (Hybrid)
Reports to: Servicing Manager
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 Servicing specialist will work closely with other members of the servicing team as well as all departments across the company to ensure all incoming royalties and resulting overflows plus reporting are dealt with in a timely and accurate manner. This is an excellent opportunity for a team-player with a positive attitude to work in a fast paced-growing company in the music financial industry.
Primary Responsibilities:
- Calculation of excess collections due back to customers
- Determination of cross-collateralization between customer accounts
- Backup daily royalty collection identification and classification
- Entry/adjustment of daily transactions into all necessary systems
- Set up of funds movement transactions in the bank and overflow payment systems
- Investigate royalty shortfalls and surplus
- Investigate missing royalty payments
- Communicate with royalty payors when required
- Handle collection, overflow and statement inquiries from Royalty Support and Sales
- Work closely with Operations regarding changes / updates to deals after funding
- Month end reporting and reconciliations
- Ad-Hoc servicing reporting
- Assist with Audit information requests
- Assist Accounting Department when required
- Maintain strict confidentiality of client information and records
Qualifications:
- Proficient in Microsoft Office suite, with a focus on Excel
- Experience in financial or banking industries a plus
- Prior experience working with CRM is a plus
- Strict attention to detail, highly organized, and efficient
- Time-management skills and adaptability
- Excellent written and verbal communication skills
- Strong organizational, planning, and prioritization skills
- Accountable, a self-starter, strong attention to detail
- Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
- Ability to work cooperatively and collaboratively with all levels of employees, management and external individuals to maximize performance, creativity, problem solving and results
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.
