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Royalty Manager
Macmillan Publishers
New York, NY, United States
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Description
Macmillan Publishers is a global trade book publishing company with prominent imprints around the world, publishing a broad range of award-winning books for children and adults in all categories and formats. Macmillan Publishers is committed to our authors, our employees, and to the environment.
U.S. publishers include Celadon Books, Farrar, Straus and Giroux, Flatiron Books, Henry Holt & Company, Macmillan Audio, Macmillan Children’s Publishing Group, Picador, St. Martin's Press and Tor Books. In the UK, Australia, India, and South Africa, Macmillan publishes under the Pan Macmillan name. The German company, Holtzbrinck Deutsche Buchverlage, includes among its imprints S. Fischer, Kiepenheuer and Witsch, Rowohlt, and Droemer Knaur.
Macmillan Publishers is a division of the Holtzbrinck Publishing Group, a large family-owned media company headquartered in Stuttgart, Germany.
We are an Equal Opportunity Employer committed to reflecting a broad representation of differences --race, ethnicity, religion, sex, sexual orientation, gender identity/expression, physical ability, age, family status, economic background and status, geographical background and status, and perspective — in our workplace. The successful candidate for this position will be an employee of Macmillan Publishing Group, LLC
Requirements
Position Description:
Reporting to the VP of Royalties, this position will be responsible for the preparation, review and issuance of accurate and timely royalty statements to authors, agents, illustrators, and other parties. Responsibilities include the review and application of contract terms into advance and royalty payments, managing payment requests, extraction and interface of data relevant to the royalty and support systems, and preparation of royalty calculations support and analysis. This position will interact with various departments within the organization.
Major Responsibilities:
• Process timely royalty statements and related activity files:
◦ Review contracts and payee setup in the royalty system
◦ Review sales data prior to interfacing to the royalty system
◦ Post expenses/fees/deductions to the royalty system
◦ Complete initial review of royalty statements to ensure accuracy
◦ Distribute statements to editorial teams and business units for review
◦ Calculate and record reserves for returns in accordance with contract terms and company policies
◦ Prepare manual adjustments and statements when required
• Interact with business units and other departments to resolve issues
• Process new contracts and amendments on a regular basis. Review, code and approve all advance and payment requests.
• Comply with US and foreign tax withholdings as well as reporting and filing requirements related to advances, royalty, and subrights payments
• Handle statement recipients’ inquiries and requests
• Prepare ad hoc reports/analyses as needed
Required Skills / Knowledge:
• Must be detail-oriented, analytical, and exercise good judgment
• Strong verbal and written communication skills
• Highly proficient with Microsoft Excel, databases and system queries
• Excellent organizational skills. Effectively manages change, delays, and unexpected events
• Focuses on problem resolution
• Able to manage high volumes of data, meet deadlines, and multi-task
• Meets challenges with resourcefulness
• Motivated, disciplined, with high personal and professional standards of integrity and ethics
Experience Needed:
• 3-5 years’ experience with royalty contracts, statement preparation, and accounting
• Book publishing experience preferred
Educational Background Required:
• Bachelor’s degree in Accounting/Finance preferred