VACO/Warner Music
  • 03-Apr-2018 to 02-Jun-2018 (EST)
  • Nashville, TN, USA
  • Full Time

With its broad roster of new stars and legendary artists, Warner Music Group ("WMG") is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word, as well as Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. 

 

Organization Description:

The U.S. Shared Services organization is based in WMG's Center of Excellence for Shared Services in Nashville, Tennessee (the "Center").  The Center consists of five departments: Analysis, Finance, Legal, Licensing, and Reporting.  Employees of the Center provide services to all of WMG's U.S. record labels, Warner-Chappell Music Publishing, WEA Corp. and Alternative Distribution Alliance (WMG's distribution companies), and WMG's other U.S. business units.

 

Department Description:

The U.S. Shared Services Reporting Department is responsible for managing all of the reporting obligations of WMG's U.S. record labels (including those operated by the Atlantic Records, Rhino Entertainment, Warner Bros. Records, and Warner Music Nashville) to recording artists, producers, writers and publishers, labor unions, and other external payees.  The Department's services include the following:

 

  • Calculating and paying royalties to recording artists, producers, and other third parties;
  • Calculating the net profits earned by joint ventures between WMG's record labels and external parties and then paying those external parties their contractual shares of such profits;
  • Calculating and paying mechanical royalties to songwriters and/or their publishers and administrators; and
  • Calculating and paying monies due to labor unions pursuant to the terms of the collective bargaining agreements between such unions and the applicable WMG record labels that are signatories to those agreements.

Members of the Department work closely with employees in the Business Affairs, Finance, Production, Operations, New Media, and Marketing departments of each label client to fulfill the above-referenced responsibilities for the recordings and record those labels release. 

 

High Level Job Description: 

The candidate hired to fill this position will be responsible for managing the process of entering all newly executed Artist Recording Agreements into the EROS royalty system. This is a key process control which impacts the entire Reporting Operations Group. 

 

Detailed Job Description/ Group Responsibilities: 

  • Review, interpret, and enter key terms from fully-executed artist recording agreements into WMG's artist royalty system (EROS);
  • Liaise with Business Affairs executives at each of WMG's U.S. record labels to discuss various issues, including questions about contract interpretation;
  • Facilitate the Reporting Department's responses to inquiries from WMG's internal and external auditors related to the Reporting Group's key process controls around Contract Entry;
  • Manage the application of all royalty rate reductions taken to enable WMG's U.S. record labels to recoup the television advertisement campaign costs incurred by WMG's ex-U.S. affiliates, including the entry of the relevant rate reductions in WMG's artist royalty system (EROS),the estimation of the value of such rate reductions, and the communication to the Finance teams at the applicable WMG's U.S. record label of the resulting royalty savings to be applied toward the recoupment of such foreign television advertising campaign expenses;
  • Assist with WMG's monthly, quarterly and annual financial close processes as needed by responding to information requests from WMG's Corporate Finance Department, the U.S. Shared Services Royalty Finance Team , and the Finance Departments of WMG's U.S. Record Labels;
  • Train and supervise one junior member of the Reporting Administration department; and
  • Perform any other duties and tasks related to the Department's role and responsibilities that might be assigned by the Department's senior management from time to time.

 

Required Competencies/Skills:

  • Candidate must be able to work well independently and as part of a team;
  • Candidate must possess excellent verbal and written communication skills;
  • Candidate must possess excellent analytical, mathematical and organizational skills;
  • Candidate must be able to meet deadlines consistently and effectively while working under pressure;
  • Candidate must be able to manage multiple assignments at any given time and prioritize them effectively and appropriately; and
  • Candidate must have strong computer skills, including strong data entry skills (with an emphasis on accuracy) and strong proficiency using Microsoft Office's Excel, Word and PowerPoint applications; familiarity with Microsoft Office's Access application is preferred, but not required.

 

Special Requirements/Preferences:

  • Candidate must have 1-3 years of experience working with contracts, or equivalent legal documents, in the Music industry.
  • Candidate should be able to work outside of normal business hours from time-to-time, as and when needed. Similarly, candidates should be prepared to schedule vacation days at times that will not conflict with any relevant internal deadlines, so that their absences will not interfere with their ability to meet such deadlines.

 

Education Required/Preferred:

  • Bachelor's degree preferred.

 

Our Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national Origin, alienage or citizenship, disability, marital status, familial status, military or veteran status, or any other legal recognized protected basis under federal, state or local laws, regulations or ordinances.

Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws and the Company complies with all applicable reasonable accommodation requirements which such laws may require.  Accordingly, please inform the Company's Human Resources representative if you need an accommodation in order for you to complete any employment application-related forms or otherwise to participate in the application or selection process for the position for which you are applying. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity and will enable applicants to participate in the application and selection process and for employees to perform the essential functions of their jobs without imposing undue hardship on our Company.   The Company also will make reasonable accommodations to an applicants or employee's religious beliefs and practices as may be required by law, unless an undue hardship would result. 

 

Copyright 2017 Warner Music Inc.              

VACO/Warner Music
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