Job Description

Wasserman Music represents a world-class roster of artists for live performance, touring, brand partnerships and beyond, empowering them to create culture and impact audiences globally. The passionate, entrepreneurial agents at Wasserman Music are long-term artist development strategists who build significant, global platforms for the world's most influential artists. Wasserman Music is a division of Wasserman, a partner to the world’s most iconic sports figures, musical artists, brands, and properties in their endeavors across sports, entertainment, and culture. Our purpose is to transform and advance brands, businesses, and careers.

The Music Settlement role is primarily responsible for settling the financial aspects of our clients' tours for the agency. The duties of the role include, but are not limited to, confirming the accuracy of all settlement details (compensation, withholding tax, deductions) and acting as the liaison between our agents, clients, and clients’ business managers to ensure all tours are settled in a timely manner.

This role will be based in our Chicago, IL office.

Roles & Responsibilities

• Double check settlement details of all plays and confirm artist was fully compensated for the play – via funds paid to the agency, funds paid to the artist, or a combination thereof and process any applicable refunds due to cancellations
• Verify and note applicable deductions and/or withholding tax that occurred at the source
• Assess and calculate Wasserman Music’s liability to withhold non-resident withholding tax (1042)
• Verify and chargeback any expenses where applicable
• Prep and handle tour statements from start to finish – Send initial draft to RA for approval and follow-up on subsequent reviews/changes from artists management team. Resolve any issues or discrepancies to ensure Wasserman Music and clients’ records are balanced. Submit statements due to clients and collect funds due to Wasserman Music.
• Provide financial analysis for all artist advances and/or loan requests and oversee the disbursement and repayment of the approved advances/loans
• Assist in identifying and labeling funds when needed
• Maintain highest degree of artists’ financial confidentiality
• Take on additional tasks and responsibilities as assigned

Requirements

• Experience with live events/touring experience is a plus
• Degree in Accounting/Finance or equivalent experience
• Impeccable communication skills (oral, interpersonal, and written)
• Ability to prioritize and meet deadlines
• Demonstrated ability to troubleshoot and to anticipate issues that may arise proactively and quickly determine next steps
• Meticulous attention to detail
• Must be able to effectively perform tasks in a fast-paced working environment
• Ability to interact with employees at all levels of the company as well as external clients

Benefits

Base salary: $46,500-50,000 plus bonus potential.

Vision, Medical, Dental, 401(k) and more!

Actual base salary is dependent on several factors including but not limited to; market dynamics, location and region, experience, specialized skills/training (education), level of responsibility, budgetary considerations, tenure at the company (for current employees), etc. The salary range listed is just one component of the total compensation package for employees. Compensation decisions are dependent on circumstances of each hire.