Analyst, Licensing Accounting

About the Company

BMI is a mission-driven organization at the forefront of music rights and creator advocacy. Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, BMI is a global leader in music rights management. Currently representing the public performance rights in over 25 million musical works created and owned by more than 1.5 million artists. BMI negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are publicly performed.

About the Role

POSITION SUMMARY: Responsible for processing billing adjustments on licensee accounts, assisting with the daily cash deposit and helping ensure accurate and timely recording of receivable-related activity. Provides responsive support to internal partners and licensees, assists with reconciliations and reporting and cross-trains with team members to support other functional areas as needed.

FUNCTIONS OF THE JOB:

Essential Functions: which may be representative but not all inclusive of those commonly associated with this position.

Billing Adjustments and Account Maintenance

• Process billing adjustments on licensee accounts, including; fee adjustments, write-offs, refunds and related account corrections for all licensing markets.
• Prepares and provides invoices, adjustment computations, fee reports or other account documentation to customers and internal partners upon request.
• Process, review and image report forms in accordance with established procedures.

Cash Application and Daily Deposit Support

• Assists with the daily cash deposit, including lockbox receipts, remote deposits, wire payments and credit card transactions according to the team rotation schedule.
• Help reconcile deposit activity and ensure payments are accurately recorded and supported.

Reconciliations and Month-End Activities

• Perform daily reconciliation of CRM system to the general ledger as assigned.
• Process and image report forms, assists with month-end close activities and supports the preparation and mailing of monthly statements as assigned.
• Support month-end close activities as assigned, including preparation and distribution of monthly statements.

Customer, Team and Cross-Functional Support:

• Respond to internal and external customer inquiries within established service level expectations..
• Assist with special projects and process improvement initiatives.
• Troubleshoot system and transaction issues, escalating when appropriate.
• Participate in system testing to support enhancements and process improvements.

General

• Regular attendance.
• Perform additional duties as assigned.
• Support our BMI Core Values and cultivate a culture of diversity and inclusion.

POSITION QUALIFICATION REQUIREMENTS

Education: Associate’s or Bachelor’s Degree in related field preferred.

Experience: Minimum 2 years related accounting/bookkeeping experience.

Experience in high-volume transaction environments preferred

Skills and Abilities: which may be representative but not all inclusive of those commonly associated with this position.

• Strong attention to detail and accuracy in financial processing.
• Basic understanding of accounting principles, reconciliation processes and high-volume transaction activity.
• Proficiency in Microsoft Office, particularly Excel; experience with CRM and financial systems preferred..
• Strong analytical, problem-solving, organizational and time management skills, with the ability to manage multiple tasks and meet deadlines.
• Ability to communicate clearly and professionally, both verbally and in writing.
• Ability to work independently and collaboratively while building effective working relationships with co-workers and customers.

This job description in no way states or implies that these are the only duties to be performed by the employee occupying the position. Employees may be required to follow other job-related instructions and perform other job-related duties as requested, subject to all applicable state and federal laws.

“Commonly associated” is not intended to mean always or only. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.