Job Title: Royalty Analyst
Reports To: CFO
Location: Remote
Position Type: Full-time, Exempt
About SongVest
Invest in the music you love with SongVest, a revolutionary music fan investment platform and royalties marketplace! SongVest recently launched SongShares, the first-ever SEC qualified fractional shares of music royalties from hit songs that fans can own. SongVest is a fully-remote company, with employees across the country.
Position Description
The Royalty Analyst primary responsibility is processing, gathering, reviewing, analyzing, and presenting royalty data in an organized manner. The Specialist will communicate internally with CFO and COO to ensure all royalty data reports are received, represent the company when speaking to publishers, distributors, PROs, and other third parties when processing transactions, and work with clients to address specific royalty questions. Candidates should have at least 3 years of experience with music royalties. They should have an eye for detail along with the ability to identify data trends and anomalies.
Essential Duties and Responsibilities
- Support the CFO and CEO with review of detailed royalty statements for viability of a sale on specific songs, income streams or entire catalogs
- Using SongVest proprietary system, upload data and run financial analysis of a potential seller’s royalty statements
- Create proposals with financial overview, royalty estimates and list of specific assets to be sold
- Create and upload analyses to company website for use by investors
- Review statements to ensure the recipient for all royalties, identifying any unrecouped balances, 3rd party advances, or management/publisher fees
- Assist Operations to maintain legal contracts, paperwork, templates and documents needed for the completion of royalty Letters of Direction or Assignments
- Correspond professionally and timely with sellers and royalty payers as needed to confirm details
- Maintain records and files of royalty statements, including seller’s detailed contact and tax information
- Work with CFO on quarterly accounting of royalty disbursements to SongVest investors
- Maintains knowledge of emerging technologies and trends in music royalties
- Identifies trends and insights, and optimizes processes to streamline and bring consistency to the analysis function
- In the future, leads Royalty department staff by recruiting, selecting, orienting, and training employees
- Coordinates with external vendors and third parties as needed
Required Knowledge, Skills and Abilities
- Must understand the different streams of royalty revenue for music creators
- Must understand the company’s business model
- Possess excellent analytical and mathematical skills
- Strong organizational and problem solving skills
- Excellent knowledge of data analysis and forecasting methods
- Have advanced Excel skills for running reports
- Experience with CRM tools like Zoho (or comparable)
- Demonstrate detailed knowledge of the company’s and competitor’s products and services
- Ability to learn and understand legal requirements for royalty sales and transfers
- Ability to prioritize independently and meet deadlines
- Familiarity with financial trend analysis
- Is capable of conducting independent research
Education and Experience
Bachelor’s Degree in Accounting, Finance, Statistics, Data Science, or similar field 5+ years of experience (3 years related to music royalties preferred)