01Overview
Position Summary The Staff Accountant role at LCBM is responsible for supporting the financial operations of our clients dynamic music organizations and operations. This role handles day-to-day accounting functions such as accounts payable and receivable, royalty tracking, commission reporting, tour accounting, general ledger maintenance, and financial reporting.
The Staff
Accountant works closely with the business management team to ensure accurate financial data, timely payments, and compliance with industry specific contracts and regulations. The ideal candidate combines strong accounting fundamentals with an understanding of music industry revenue streams, including royalties, advances, and distribution income, and thrives in a fast-paced environment.
Key Responsibilities The Staff Accountant will be responsible for performing a range of accounting tasks, including:
Maintain general ledger accounts for multiple artist and client entities, ensuring accuracy and proper classification of transactions
Process accounts payable and receivable, including vendor payments, client disbursements, and deposit tracking
Prepare and reconcile bank, credit card, and tour settlement accounts
Track and account for music industry income streams, including royalties, touring revenue, merchandising, publishing, and licensing income
Assist in the preparation of monthly and quarterly financial statements and client reports
Support royalty accounting by recording statements, verifying calculations, and investigating discrepancies
Assist Business Manager with the management of cash flow reporting and budgeting for artists, touring activities, and business entities
Coordinate with business managers, tour managers, and external partners to gather financial data and ensure timely reporting
Maintain accurate records of contracts, advances, and recoupment schedules
Prepare journal entries, accruals, and account reconciliations
Support tax preparation by organizing financial records and assisting with required filings
The responsibilities outlined above are representative of the position but are not all-inclusive. The employee may be required to perform additional duties, including those outside the primary scope of this role, as reasonably assigned by management.
Qualifications The ideal candidate will have experience in accounts payable or a related field, with an understanding of accounting principles and practices or have a degree in Music Business, Accounting, Finance, or Business Management. Experience with QuickBooks Online and BILL.com is preferred. The candidate should also possess excellent organizational and communication skills, as well as the ability to work accurately and efficiently in a fast-paced team environment.
Skills & Competencies
Excellent verbal and written communication skills.
Ability to thrive in a team environment.
Strong organizational and multitasking abilities.
High level of professionalism and discretion with confidential information.
Ability to prioritize tasks and meet deadlines in a dynamic environment.
Strong attention to detail and problem-solving skills.
Compensation: $71,000.00 - $75,000.00 per year
Benefits
401(k)
Dental insurance
Disability insurance
Health savings account
Life insurance
On-the-job training
Paid sick time
Paid time off
Vision insurance
Work from home
Work Location: Hybrid remote in Beverly Hills, CA 90211
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Company : LC Business Management
Salary : 5,9176,250 a month .