Royalty Accountant

Founded in 2005, iam8bit is a creative production emporium that has quietly redefined the entertainment industry, time and time again. Collaborating with a plethora of partners and narrative-busting IPs, iam8bit punctuates the importance of engaging with fans directly. By creating the video game industry's very first community events, the company injected the idea of experiential immersion into game and film marketing. iam8bit also played a crucial role in the vinyl renaissance, minting its first record in 2010, and is the industry leader in premium physical editions of top-tier games. In 2020, iam8bit evolved into financing and publishing games, with several yet-to-be-announced PC, console and tabletop games on the horizon under its iam8bit Presents imprint.

The Royalty Accountant manages the accurate tracking, calculation, and payment of royalties to artists, authors, composers, licensors, and rights holders. The ideal candidate will possess strong financial acumen, knowledge of royalty agreements. This role plays a critical part in ensuring compliance with contractual obligations and supporting the business in rights-related financial reporting.

RESPONSIBILITIES 

• Review and understand royalty contracts to ensure proper royalty calculation and reporting.
• Calculate, process, and distribute royalty payments to rights holders in accordance with contractual terms.
• Maintain and update royalty accounting databases with accurate financial and contractual data.
• Reconcile royalty statements and resolve any discrepancies with internal and external stakeholders.
• Prepare monthly, quarterly, and annual royalty reports for management and partners.
• Collaborate with owners to understand rights and revenue structures.
• Respond to inquiries from artists, agents, authors, and managers regarding royalty statements and payments.
• Assist in internal and external audits related to royalties and rights reporting.
• Monitor revenue streams (e.g., sales, streaming, licensing) to ensure all royalty-bearing activity is captured.
• Continuously improve royalty processes and help implement system enhancements where necessary.

QUALIFICATIONS

• Bachelor’s degree in Accounting, Finance, Business, or related field.
• 2 years of experience in royalty accounting, general accounting, or financial reporting.
• Strong understanding of royalty structures in music, publishing, entertainment, or software industries.
• Proficient in Excel and accounting software; experience with royalty platforms (e.g., Counterpoint, Vistex, Curve, BrandComply) a plus.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational skills.
• Ability to understand and apply complex contract terms.
• Experience in the music, media, publishing, or entertainment industries.
• Familiarity with digital revenue platforms (e.g., Spotify, Apple Music, Amazon, YouTube).

PHYSICAL REQUIREMENTS

The successful candidate must be able to perform the essential functions of the job with or without reasonable accommodation. This may require sitting, or alternating between sitting and standing, for extended periods, keyboarding, and other physical requirements associated with similar positions. 

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This is a full time, exempt position. Hours are 9-5:30,

Monday - Friday, with occasional work outside of business hours including weekends. The position is hybrid at our offices in Highland Park.

BENEFITS 

At iam8bit, we're committed to supporting our team members in both their personal and professional growth. As part of our tight-knit and dynamic team, you'll enjoy a range of benefits designed to enhance your overall well-being and foster your career development. Benefits include 401k with employer matching, medical, dental and vision insurance, education benefits, employee discount, and generous paid time off. 

EQUAL OPPORTUNITY EMPLOYER

iam8bit is an equal opportunity employer and is committed to providing a work environment that is free from discrimination and harassment. We celebrate diversity and are committed to creating an inclusive environment for all employees.