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Analyst, Audit

Warner Music Group

Los Angeles, California, 90021

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Salary:

$24 - $27 Hour

Job type:

Monday to Friday
Others

Job Schedule:

Morning shift
Day shift
Evening shift
Night shift
Others

Job benefits:

Health insurance
Paid time off
Dental insurance
Vision insurance
401(k)
Infertility and Family Planning
Family Support Offerings
Family Caregiver Leave
Life Insurance
Disability Coverage
others

Description:

Job Description:

At Warner Music Group, we’re a global collective of music makers and music lovers, tech innovators and inspired entrepreneurs, game-changing creatives and passionate team members. Here, we know that each talent makes our collective bolder and brighter. We are guided by four core principles that underpin everything we do across all our diverse businesses:

Music is Everything: Music is our passion, and we can never get enough. Tastes, trends, and tech will change, but great artists and songwriters will always be our driving force.
Global Growth, Local Expertise: Music is a global language. Through communication and collaboration, our success can come from anywhere and translate everywhere.
Innovation and Insight: Pushing the boundaries requires the best information and the boldest imagination. We use both to create the future.
Empowered by People: Like the artists we serve and the music they make, our differences make us stronger. This is a place where every talent can belong and build a career.
We remain committed to Diversity, Equity, and Inclusion. We know it fosters a culture where you can truly belong, contribute, and grow. We encourage applications from people of any age, gender identity, sexual orientation, race, religion, ethnicity, disability, veteran status, and any other characteristic or identity.

Consider a career at WMG and get the best of both worlds – an innovative global music company that retains the creative spirit of a nimble independent.

A little bit about our team:

The U.S. Legal Shared Services organization is based in WMG’s Center of Excellence for Shared Services in Nashville, Tennessee. The U.S. Legal Shared Services organization consists of three departments: Audit, Legal, and Publishing. Employees of the Center of Excellence provide services to all of WMG’s U.S. record labels, Warner Chappell Music Publishing, WEA Corp. and Alternative Distribution Alliance (WMG’s distribution companies), and WMG’s other U.S. business units.


The Audit Department is responsible for managing all incoming audits arising from the artist recording agreements, joint venture and participation agreements, publishing license agreements, and union collective bargaining agreements to which WMG’s U.S. record labels are a party.


Members of the Department work closely with employees in the Business Affairs, Finance, Production, Operations, New Media, and Marketing departments of each label client to fulfill the above-referenced responsibilities for the recordings and record those labels release.

Your role:

This position will manage all aspects of the audit process, including, without limitation, tracking audit notifications, reviewing and analyzing the claims contained in the audit reports we receive, making recommendations to the relevant WMG internal label clients regarding how to respond to those claims, facilitating settlement negotiations between the party auditing and WMG’s internal label clients, and ensuring that any internal accounting entries related to the audit process are made accurately and in a timely manner. 

Here you’ll get to:

Determine and advise WMG label clients of the maximum duration of the period the contracting party is contractually permitted to audit;
Prepare and distribute audit reserves to WMG label clients;
Prepare support documentation in connection with the audit fieldwork process, including, without limitation, collecting all relevant data and other information contained in the books and records of the respective WMG label for the audit concerned;
Assist with the review and analysis of audit claims submitted by the auditor in question, as well as the relevant provisions of the underlying contracts that govern WMG’s exploitation of the assets that is at issue in the audit;
Assist with the development of recommendations for the WMG label client(s) concerned regarding how to respond to the individual claims set forth in each audit;
Assist with the administration of any and all payments made in connection with the settlement of each audit, ensuring that each is properly recorded in the books and records of the applicable WMG label client(s);
Input and track of all data related to assigned audits in the Group’s consolidated audit tracking spreadsheet; and
Perform such other duties as you may be asked to perform by the senior management of the Group and the division.

Skill:

Communication
Organizational
Computer
Problem solving
data analysis
others

Others Requirements:

Bachelor’s degree or equivalent experience required; major in accounting
finance or business is preferred.
Advanced proficiency with Microsoft Excel including
but not limited to
functions such as macros/automations
conditional formatting
lookup tables
pivot tables
formulas and advanced charting.
others

Category:

Finance

Positions:

3

Location:

Remote