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Royalty Executive
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Job Introduction

To ensure the business meets its royalty accounting and reporting obligations on BBC Studios distribution activities to rights holders and profit participants, we have three open Executive roles within each of our Talent Accounting teams: (1) Music Reporting (MRT), (2) Contributor Royalty Accounting (CRA) or (3) Independent Production Accounting (IPA).

(1) MRT  - The Music Reporting Team is a small team within Talent Accounting that completes all of BBC Studios’ reporting and payment obligations to the music collection societies and other copyright holders (mainly PRS for Music, MCPS & PPL). 

(2) CRA – The Contributor Royalty Accounting Team manage all royalty and reporting obligations to contributors including cast members, writers, presenters / on screen talent, musicians etc. in line with Union agreements and legal terms.

(3) IPA manage the royalty accounting and reporting obligations to Producers and other rights holders, such as Hartswood Films (Sherlock) Neal Street Productions (Call the Midwife) and Love Productions (Bake Off) that are due a net share on BBC Studios distribution activities.

Role Responsibility

  • To lead in core processes of the department to ensure compliance with contractual obligations and internal processes
  • Facilitates month-end processes including the delivery of month-end reports to Finance to ensure royalty costs are correctly reflected in the financial accounts
  • Facilitates the running of monthly accrual calculations including analysis and validation of accrual data. Runs and validates statement reporting to contributors and agents 
  • Advises team on interpretation of accounting and reporting obligations to ensure they are correctly reflected on the royalty system
  • Continuously improves the team’s understanding of royalty terms through regular training and feedback, managing available resources to meet targets
  • Build and maintain relationships with internal and external stakeholders, ensuring all queries and requests are dealt with appropriately and in a timely manner; fostering and developing positive and collaborative relationships
  • Assist with Talent Accounting change projects by acting as a Subject Matter Expert (SME) and completing all user-acceptance testing allocated to the team by agreed timelines
  • Support change activities and advises on system and process improvements providing points of advice to decision makers
  • Support the recruitment process by shortlisting candidates for interview and participating in the interview and onboarding processes

MRT specific

  • Helping with BAU tasks such as submissions and payments to the Music Collection Societies
  • Assisting with implementation of ongoing improvements to our reporting processes and supporting change projects
  • Preparing Composer accounting and payments for review
  • Analysis to support negotiations and improvements

CRA specific

Support day to day monthly team activities;

  • Contract Entry process, ensuring all clearance and rights terms are accurately reflected on our royalty system
  • Month end processes; preparing the royalty system for monthly accrual calculations and analysis of accrual results
  • Monthly payment file checking and processing ensuring accurate onwards reporting to talent and agents
  • Support the team with change and improvement projects, including requirements docs, UAT activities and reporting results

IPA specific

  • Assist IPA Managers in coordinating the day-to-day activities of a team of 2 to 3 IPA Assistants; reviewing and approving across Contract Entry, Accruals and Payments.
  • Interpret complex BBCW distribution agreements with independent producers to ensure the terms are accurately reflected in BBCW’s royalty system.
  • Provide training to IPA Assistants, and receive training from IPA Managers, to ensure consistency and knowledge share on key accountabilities and processes across the IPA team

 

The Ideal Candidate

We are looking for candidates with the skills outlined below;

  • Strong organisational and planning skills – able to manage a busy workload against tight deadlines
  • Highly numerate with aptitude for database and analytical work – able to summarise complex data
  • Works well under pressure and able to problem solve
  • Methodical approach and keen eye for detail; can find and resolve errors in large data sets
  • Ability to liaise with senior staff at all levels
  • Proven record in critical re-evaluation of processes and procedures
  • Understanding of and interest in the changing media landscape
  • Can work effectively with a landscape of interconnecting complex systems
  • Consistently achieves and exceeds targets
  • Suggests new, more efficient ways of doing things
  • Strong Excel skills (essential)
  • Accounting or legal background (desirable)

MRT specific

  • Excellent Analysis skills (essential)
  • Royalties experience (essential)
  • Music royalties experience (desirable)

CRA specific

  • Knowledge of UK talent union and PACT terms of trade (desirable)
  • Royalties experience (desirable)
  • Alliant applications experience (desirable)
  • Quick to pick up new things – e.g. new systems
  • A strong people manager; can manage people / a team / workload of a team

IPA specific

  • Proven experience in the Talent Accounting Analyst role (Essential)
  • A thorough understanding of BBCS’s royalty system, CASPAR (Essential)
  • Experience of interpreting and analysing complex financial contractual information
Job ID 36735416592 Date posted 23/09/2022 Location London, England, United Kingdom
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