Touring Royalty Accountant
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Job Location:
Monthly Salary:
Posted on:
14 hours ago
Vacancies:
1 Vacancy
Job Summary
Music is Universal
Its the passionate and dedicated team at Universal Music who help make us the worlds leading music company. From A&R to finance legal to digital sales to marketing Universal Music is the place to grow and develop your career within a truly commercial and innovative business that leads in everything it does.
Everyone is welcome to apply for our roles and we are determined to ensure that no applicant or employee receives less favourable treatment because of gender race disability sexual orientation religion belief age marital status background pregnancy or caring responsibilities. We also recognise the importance of diversity of thought within our teams and are fully committed to embracing the talents of people with autism dyslexia ADHD and other forms of neurocognitive variation.
We will always seek to make appropriate adjustments to recruitment workplaces and work processes to be fully inclusive to people with different needs and working styles. If you need us to make any reasonable adjustments for you from application onwards including alternatives to the online form or to disclose a neurocognitive condition please email
Department
Bravado is the worlds largest music merch company.The Finance department is thekeycentraldepartment that ensure the company can continue to operate.Our Finance Teamis responsible formanaging the companys financial health and ensuring robustaccuratefinancial operations. They oversee everything from accounting and payments to royalties reporting and financial planning. The team works collaboratively to support the business with clear insights reliable data and efficient processes enabling informed decision-making and helping drive overall business success.
The Role
The Tour & Royalty Accountantis responsible formanaging and overseeing all financial aspects related to artist tours and royaltyaccounting. This includes producingaccuratetour P&L statements calculating UK withholding tax for foreign artists and preparing royalty statements in line with contractual terms. The role requires extracting and analysing financial data to ensure accuracy investigating discrepancies and managing monthly accruals and true-ups.
Key Responsibilities
Produceaccuratetour P&L statementsdemonstratinga solid understanding of debit and credit accounting. Contribute to the ongoing development and optimisation of tour accounting processes
Calculate the UK withholding tax position for foreign artists performing in the UK and prepare quarterly submissions to HMRCin accordance withFEU regulations
Extract and analyse financial data todeterminesales calculate income and costs and review reports for accuracy and reasonableness ensuring any discrepancies or anomalies are promptly investigated
Calculate and process monthly royalty accruals including true ups to actuals
Calculate and prepare royalty statements for Bravado actsin accordance withcontractual terms
Managing offshore team ensuring their work isaccurateandtimely
Produce retail royalty statements
Resolve queries received from artistsagentsand other rights holders
Assistingwith month end procedures and deadlines
Assistingwith bank payments review & sign off
Maintaining label liaisons Q of E reporting
Maintaining advance study and ensuring accuracy
Support audit process by coordinating with auditors and supplying all necessary documentation and explanations
SOX control requirements
IT literate and experience of different accounting software and packages. Navision and SAP would be an advantage. Excel is essential
Coding and authorisation of advance payments in line with contractual terms
Work with the legal team re contract interpretations and contract improvements
Correspond with artist management as and when
Work with UMG labels toestablishnew reporting process (coming in 2026)
Additionalresponsibilities as agreed with on ad-hoc basis
Skills and Experience Required
Must have
Knowledge and experience of financial accounting and royalties. Accounting knowledge is essential (needs to be well versed in the world of debits & credits).Must be able to prepare a basic P&L
Attention to detail isvery important
Experience of reading contractsin order todetermineroyalties etc.
Good excel skills
Nice to have
Knowledge and experience working with Navision & SAP
Knowledge of Access databases
Knowledge of AnalysisForOffice
A desire to work towards a related qualification
Key Behaviours
Strong analytical skills and strategic thinking
Good communicationskills
Strong teamplayer
Motivated and committed
Ability to manage own workload and deadlines
About UMG UK
We are Universal Music Group UK the UKs leading music-based entertainment company. We exist to shape culture through the power of artistry. We help UK artists produce distribute and promote the most critically acclaimed and commercially successful music to inspire and entertain fans at home and around the world.
Bonus Tracks: Your Benefits
Group Personal Pension Scheme (between 3% and 9%)
Private Medical Insurance
25 paid days of annual leave
Interest Free Season Ticket Loan
Holiday Purchase scheme
Dental and Travel Insurance options
Cycle to Work Scheme
Salary Sacrifice Cars
Subsidised Gym Membership
Employee Discounts (Reward Gateway)
Just So You Know
The company presents this job description as a guide to the major areas and duties for which the jobholder is accountable. However the business operates in an environment that demands change and the jobholders specific responsibilities and activities will vary and develop. Therefore the job description should be seen as indicative and not as a permanent definitive and exhaustive statement.
Job Category:
Royalties & Copyright
Key Skills
- Internal Audit
- Accounting Tally
- General Ledger Accounting
- External Audit
- Microsoft Excel
- PMP
- Financial Accounting
- Financial Analysis
- Payroll
- Financial Recouncilation
- Financial statement
- Accounting and Finance
- ACCA
- CPA
- Financial Reporting
