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Wasserman · 18 hours ago

Music Settlement Staff

Chicago, IL

Full-time

Hybrid

New Grad, Entry Level

$48K/yr - $50K/yr

Wasserman operates at the epicenter of sports, music and entertainment, serving talent, brands and properties on a global scale. The Music Settlement Staff is primarily responsible for settling the financial aspects of clients' tours, ensuring accuracy in settlement details and acting as a liaison between agents, clients, and business managers.

AdvertisingMarketingSocial MediaSports

Growth Opportunities

Responsibilities

Prep and process client tour statements from start to finish:

Reconcile settlement details for each deal and confirm artist was fully compensated via funds paid to the agency, funds paid to the artist, or a combination thereof

Verify and note applicable deductions and/or withholding tax that occurred at the source

Assess and calculate Wasserman's liability to withhold non-resident withholding tax (1042)

Acquire all necessary agent and artist team approvals and actively resolve any issues or discrepancies until Wasserman and their clients’ records agree

Verify and maintain client remittance information

Prepare client statements for A/P processing and/or collect client funds due to Wasserman

Maintain weekly A/R status notes of all assigned roster clients

Process any applicable refunds due to cancellations / purchaser overpayments

Provide financial analysis for artist advances requests and oversee the disbursement and repayment of the approved advances

Assist with client onboarding and off-boarding

Support Client Trust Team to with identifying and labeling funds as needed

Maintain highest degree of artists’ financial confidentiality

Participate in ad hoc Music Accounting Department projects and take on additional tasks and responsibilities as assigned

Qualification

ExcelFinanceMusic BusinessCommunication SkillsTroubleshootingArts AdministrationHigh-volume EnvironmentAttention to DetailInterpersonal SkillsWritten Communication

Required

Experience with Excel and Outlook required

Bachelor's in Music Business, Economics, Finance, Accounting, or Arts Administration

Excellent attention to detail and ability to prioritize and meet deadlines in a high-volume environment

Even-keeled disposition with high level of communication skills (oral, interpersonal, and written) to handle varied personalities and sensitive situations

Demonstrated ability to troubleshoot and to anticipate issues that may arise proactively and quickly determine next steps

Strong interest in learning about the music industry and growing a career in the music agency business