Music Settlement Staff

Music Settlement Staff 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 (hybrid, in office 3 days a week)

Roles & 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.

Requirements:

• Experience with Excel and Outlook required

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

• Previous music industry experience preferred

• 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

Base salary range: $47,500-$50,000 annually, plus bonus potential.

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.

Wasserman does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.

Wasserman is proudly an equal opportunity employer. We are always searching for the most passionate and talented people from all backgrounds and experiences to join us.

20 years into our evolution, we continue to expand services and geographies across the exciting and extraordinary worlds of sports, music, entertainment and culture.

We are committed to making a meaningful difference and driving real change when it comes to diversity equity and inclusion — not only among our employees, but in how we serve clients and push the industry at large.

If this sounds like a place you’d like to work, let’s talk!

Wasserman is a global leader in sports, music and entertainment. Founded in 2002, Wasserman represents many of the world’s most iconic sports and entertainment figures, musical artists, brands and properties, empowering them to shape culture and captivate audiences worldwide.