Royalty Manager

About the role

ABRAMS is a company founded in 1949 that specializes in illustrated publishing. We are currently seeking a Royalty Manager to join our Finance Team. The Royalty Manager will manage and oversee all aspects of royalty calculations, payments, and reporting for authors, illustrators, and other stakeholders.

Responsibilities

• Accurately calculate royalties based on contractual agreements.
• Process royalty payments in a timely manner.
• Ensure compliance with royalty terms and conditions specified in contracts.
• Prepare and distribute royalty statements to authors, illustrators, and agents.
• Maintain detailed records of royalty payments and calculations.
• Generate regular and ad-hoc royalty reports for internal and external stakeholders.
• Review and interpret royalty clauses in publishing contracts.
• Ensure all royalty terms are correctly implemented in royalty calculations.
• Serve as the primary point of contact for royalty-related inquiries from authors, agents, and internal teams.
• Provide clear and concise explanations of royalty statements and payments.
• Address and resolve any discrepancies or issues related to royalty calculations and payments.
• Assist with internal and external audits related to royalty payments.
• Ensure compliance with industry standards and legal requirements in royalty processing.
• Manage and prepare off-system royalty calculations for brand licensors and key authors related to subrights revenue.
• Accurately calculate royalty earnings outside of the royalty management system in accordance with contractual agreements.
• Review and validate subrights income and supporting documentation to ensure accurate royalty reporting.
• Maintain detailed records and audit trails for all off-system royalty calculations.
• Collaborate with Finance, Contracts, and Subrights teams to resolve royalty discrepancies and payment questions.
• Identify opportunities to improve the accuracy and efficiency of off-system royalty processes.
• Respond to internal and external inquiries regarding royalty calculations and payment details.
• Support royalty audits by providing documentation and analysis related to off-system calculations.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 5+ years of experience in royalty management, accounting, or finance within the publishing industry.
• Experience with IPM software preferred.
• Strong understanding of royalty agreements and publishing contracts.
• Proficiency in royalty management software and financial systems.
• Excellent analytical and mathematical skills.
• Attention to detail and accuracy in data processing.
• Strong organizational and time management skills.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.

Qualifications

• Knowledge of current industry trends and best practices in royalty management.
• Ability to work in a hybrid work schedule, requiring in-office presence three days per week.

Benefits

• Generous paid holidays and Summer Fridays.
• Company-paid year-end office closure between Christmas Eve and New Year’s Day each year.
• Comprehensive health benefits, including short-term and long-term disability.
• Retail savings (401k) and life insurance.
• Vacation, Personal, and Sick time off.

Pay

Base salary range for this position is ($80,000 - $85,000) per year. The final offer will be determined based on factors such as experience, skills, and qualifications.

Schedule

This position is in New York, NY, and follows a hybrid work schedule, requiring in-office presence three days per week.