Royalty Manager
GoldState Music
Nashville, TNThis is a Full Time Job
Opportunity:
• Position: Royalty Manager
• Location: Nashville, TN or New York, NY (Remote)
• Position Description: GSM is recruiting an experienced Royalty Manager to support its organization. The primary role is to manage royalty flow and analyze royalty activity on behalf of our music investment catalogs.
Responsibilites:
The Royalty Manager will be involved in all aspects of our music royalty accounting, working under the supervision of our CAO. The Manager will also coordinate with the transaction teams.
The Royalty Manager responsibilities include:
• Timely reporting and analysis of all royalty income related to company-owned rights
• Coordinating and communicating with all payors to ensure that payments are timely and accurate
• Maintaining internal reporting calendar to track all incoming and outgoing royalty payments
• Supporting the financial and underwriting transaction teams in the evaluation of potential rights acquisition deals and accuracy in forecasting
• Assisting in the conduct of payor royalty audits where necessary
• Preparing internal memoranda and reporting related to royalty activity
• Downloading and summarizing royalty statements for accuracy
• Assisting in the recording of royalty activity in the company's accounting ledger
• Calculating and furnishing outgoing royalty statements based on contractual obligations
• Combining and formatting large electronic datasets
• Preparing royalty statements for ingestion into company's BI database
• Maintaining organization of electronic files and folders
• Analyzing data to find underpayments of royalties and create claim schedules
• Assisting the CAO and financial team in summarizing and reporting royalty activity for external use
Requirements:
• Ideal qualifications include:
• At least five years of work experience in music royalty analysis and related accounting
• Unmatched attention to detail
• Strong quantitative and analytical skills, as well as problem solving skills
• Self-starter with the ability to operate effectively with limited supervision
• Undergraduate degree from a nationally recognized institution
• Strong interpersonal, organizational, and communication skills
• An ability to fit into a medium-sized team and a highly demanding work environment
• Strong familiarity with Microsoft Excel and PowerPoint
• Experience with Tableau or another BI software is highly recommended
Compensation:
Compensation will be competitive with the market, and will consist of a base salary, and discretionary year-end bonus.
Salary/Benefits
Medical, dental, vision
Additional Information
Overview:
Gold State Music is a private investment firm focused on investing in the music sector. Our funds are focused primarily on investing in music rights (music publishing and recorded music rights) as well as in enterprises in need of growth and expansion capital.
GSM was founded in 2022 by Charles Goldstuck, and currently has offices in West Palm Beach, FL, New York, NY, and Lake Nona, FL (Orlando). Our funds are expected to deploy a total of $750 million through the first fund cycle. We have an experienced team comprised of industry professionals who are deeply rooted in the music ecosystem.
Investment Strategy:
GSM invests principally in active artist and creator rights, focusing on creators who have had chart success and are still active in their careers. We invest in artist, writer and producer rights, and consider investments between $2 million and $125 million as our prime investment opportunities. Our experienced fund team are skilled in creating opportunities and thus value, in order to enhance the performance of our owned catalog rights.
GoldState Music also focuses on enterprise investments, and targets companies that are characterized by attractive fundamentals: healthy growth rates, exceptional leadership and management teams, have growth capital requirements, potential for attractive margins, and well-established market positioning.
GoldState Music invests only in the music and music-adjacent sectors. We know these sectors exceptionally well and invest in select opportunities where our skills and experience can help management teams build significant businesses. We are an active investor. We generally invest in minority positions that allow for board participation, where we can bring our skills and experience to bear. We participate in the strategic planning of our portfolio companies, and assist in executive recruiting, capital allocation, expansion opportunities, and ultimate liquidity options. We are attracted to proprietary opportunities that generally present themselves as a consequence of our deep participation in the sector. We are thus a very active partner to our management teams.
GoldState Music takes a long-term perspective regarding our investments. We are committed to helping our companies succeed.
Investment Team:
GoldState Music's investment team currently consists of 16 investment professionals located in New York, Los Angeles, West Palm Beach, Nashville, Lake Nona, London, and Oslo.
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