Senior Lead, Royalty Services
Los Angeles, CA, USA
Posted on Friday, May 26, 2023
Stem exists to help artists navigate the business behind their music. We reduce complexity, create clarity, and provide more opportunities for artists to exercise control over their finances. The artists and labels on our platform have clear visibility into their royalty income, and our insights enable them to decide for themselves how their hard-earned dollars flow. They can easily manage splits with their collaborators or access artist-friendly advances that scale their operations with no strings attached.
Our growing Royalty Services team is solving the burden of royalty calculations for independent record labels and making it easier for artists to forecast, collect, and manage what they’re owed. We have years of experience building intuitive financial tools for artists and labels and now we’re applying that expertise to one of the most tedious tasks in the music industry. When we’re done, labels will have more insight into their business, and artists will get paid on time. Trust us—it takes a lot of technology to make it sound so simple.
We’re seeking a Senior Lead, Royalty Services with solid experience in royalties, a passion for music, and an ability to make complex processes easy to understand. You’ll be a Senior Lead of royalty services, which is our new platform to independent record labels in North America, and help us improve the lives of people who get paid from music.
This role is full-time and fully remote, with occasional in-person get-togethers for which we cover travel / lodging for out-of-town employees.
Stem Disintermedia is led by a driven & collaborative team from diverse backgrounds, including senior professionals from Spotify, UTA, Hired, and Apple Music. Our group of investors and strategic advisors includes former COO of Venmo Michael Vaughan, Carta CEO Henry Ward, Quality Control Music (Cardi B, the Migos and Lil Yachty) co-founder and COO Kevin "Coach K" Lee, and QED Investors partner Frank Rotman. Our employees include musicians, parents, activists, artists, and more. We’re united by our shared values, commitment to exceptional partnership, and fierce belief in Stem’s mission.
What you'll do:
- Work closely with the VP, Royalty Services to further refine internal processes for the growing Royalty Services department
- Process new periods of master/mechanical statements for current clients by ingesting DSP statements, costs, metadata, contract terms, and third party income
- Review periods processed by the Royalty Services team to ensure data is flowing over correctly to Product/Engineering
- Be the point of contact for client requests. Produce ad hoc reports, research, calculations, and analytics as needed by clients
- Help to train, mentor, and grow the royalty services team as the company scales
- Attend trainings and pipeline meetings as required
- Represent Stem at industry events and conferences
- Help independent labels stay independent by bringing fintech to music!
Our ideal candidate has:
- 5 or more years of royalty accounting experience
- Direct experience working in the music industry at a label
- Working knowledge of processing royalties and how they work and ability to interpret music contracts
- Strong interpersonal skills, with the ability to translate and convey music royalty information to product, engineering, and other teams
- Able to effectively and positively communicate about royalties to customers
- Experience with modern royalty accounting software
- A positive team player as well as a successful individual performer
- Ability to work cross functionally with external people/teams of different personalities and work styles
- Has the ability to meet and set deadlines
- Extremely detail oriented and meticulous
It's a bonus if you have:
- Provided outside royalty accounting services or business management services to labels
- Passion for numbers and a strong ability to problem solve
Technologies/Systems/Software we use:
- Google Workspace
- Royalty Account Systems (Preference of Curve / Record Maestro)
- Google Sheets/Excel
- Other remote collaboration tools as needed
Don't match every skill listed? Almost nobody does! Think you're a good fit anyway? Please let us know.
+ Competitive compensation package including equity for all full-time employees.
+ We maintain salary brackets for all career tracks to ensure equitable salaries across the company.
+ 100% premiums covered for employee medical, dental, and vision (60% for dependents)
+ Company 401(k) match up to 4%.
+ Unlimited paid time off
+ Life insurance
+ Student loan pay down program
+ Excellent parental leave policies
**Stem is an equal opportunity employer, and more than that, actively strives to build and nurture a diverse, inclusive, and equitable team. We celebrate differences and screen for shared values rather than culture fit. We are committed to providing employees with a work environment free of discrimination and harassment.**
See more open positions at Stem
Something looks off?