Touring Royalty Accountant - London, N1C 4AG
Touring Royalty Accountant - London, N1C 4AG, United Kingdom
Department
Bravado is the world ’ s largest music merch company . The Finance department is the key central department that ensure the company can continue to operate . Our Finance Team is responsible for managing the company’s financial health and ensuring robust, accurate financial 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 Accountant is responsible for managing and overseeing all financial aspects related to artist tours and royalty accounting . This includes producing accurate tour 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
Produce accurate tour P&L statements, demonstrating a 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 HMRC in accordance with FEU regulations
Extract and analyse financial data to determine sales, 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 acts in accordance with contractual terms
Managing offshore team, ensuring their work is accurate and timely
Produce retail royalty statements
Resolve queries received from artists, agents and other rights holders
Assisting with month end procedures and deadlines
Assisting with bank payments review & sign off
Maintaining label liaison’s 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 required
Work with UMG labels to establish new reporting process (coming in 2026)
Additional responsibilities 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 is very important
Experience of reading contracts in order to determine royalties, etc.
Good excel skills
Nice to have
Knowledge and experience working with Navision & SAP
Knowledge of Access databases
Knowledge of Analysis For Office
A desire to work towards a related qualification
Key Behaviours
Strong analytical skills and strategic thinking
Good communication skills
Strong team player
Motivated and committed
Ability to manage own workload and deadlines
About UMG UK
We are Universal Music Group UK – the UK’s 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)
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