Wasserman operates at the epicenter of sports, music and entertainment, serving talent, brands and properties on a global scale. The Music Settlement Staff is primarily responsible for settling the financial aspects of clients' tours, ensuring accuracy in settlement details and acting as a liaison between agents, clients, and business managers.
Responsibilities
- Prep and process client tour statements from start to finish:
- Reconcile settlement details for each deal and confirm artist was fully compensated via funds paid to the agency, funds paid to the artist, or a combination thereof
- Verify and note applicable deductions and/or withholding tax that occurred at the source
- Assess and calculate Wasserman's liability to withhold non-resident withholding tax (1042)
- Acquire all necessary agent and artist team approvals and actively resolve any issues or discrepancies until Wasserman and their clients’ records agree
- Verify and maintain client remittance information
- Prepare client statements for A/P processing and/or collect client funds due to Wasserman
- Maintain weekly A/R status notes of all assigned roster clients
- Process any applicable refunds due to cancellations / purchaser overpayments
- Provide financial analysis for artist advances requests and oversee the disbursement and repayment of the approved advances
- Assist with client onboarding and off-boarding
- Support Client Trust Team to with identifying and labeling funds as needed
- Maintain highest degree of artists’ financial confidentiality
- Participate in ad hoc Music Accounting Department projects and take on additional tasks and responsibilities as assigned
Skills
- Experience with Excel and Outlook required
- Bachelor's in Music Business, Economics, Finance, Accounting, or Arts Administration
- Excellent attention to detail and ability to prioritize and meet deadlines in a high-volume environment
- Even-keeled disposition with high level of communication skills (oral, interpersonal, and written) to handle varied personalities and sensitive situations
- Demonstrated ability to troubleshoot and to anticipate issues that may arise proactively and quickly determine next steps
- Strong interest in learning about the music industry and growing a career in the music agency business
- Previous music industry experience preferred
Company Overview
Wasserman provides marketing services to the most iconic sports figures, musical artists, brands, and properties. It was founded in 2002, and is headquartered in Los Angeles, California, USA, with a workforce of 1001-5000 employees. Its website is http://www.teamwass.com.
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