At a Glance
- Tasks: Maximise royalty payments for PRS members and improve operational effectiveness.
- Company: PRS for Music, a leading organisation supporting songwriters and composers.
- Benefits: Flexible working, 25 days holiday, family-friendly leave, and professional development opportunities.
- Other info: Inclusive culture with opportunities for personal growth and collaboration.
- Why this job: Join a dynamic team making a real impact in the music industry.
- Qualifications: Experience in performance-focused roles and advanced Excel skills.
The predicted salary is between 28350 - 34650 £ per year.
Music wouldn't exist without the work of songwriters, composers and publishers. We're here to represent them and make sure that they are paid for their work. After more than a century in the industry, we continue to innovate as a world-leading organisation.
The Royalty Resolution Coordinator position is a key role within the Distribution Operations department and has specific focus on driving the highest productivity to maximise the value of payments to PRS for Music members. The role is responsible for ensuring that we have the necessary processes and planning in place to maximise the value paid to PRS members, focusing on driving improvements to maximise operational effectiveness. Therefore the successful candidate will have excellent interpersonal skills and attention to detail. They will be expected to challenge current processes and have experience of delivering excellent KPI results.
The Operations & Royalty Distributions department at PRS for Music is crucial in managing the end-to-end process of distributing royalties to its members – both through the main quarterly distributions, and through smaller, monthly distributions. Through a collaborative and inclusive team approach, Distribution Operations work closely with teams across the business to calculate the revenue available for distributions, matching music usage data with licensed revenue and performing agreed control checks to ensure accuracy and completeness. There is also a chance to be involved in PRS' distribution policy decisions and reviews of its operational processes, while delivering record-breaking distributions to PRS members.
Responsibilities
- Accountable for maximising the value that is paid to PRS members, by reducing the amount held in various suspense accounts.
- Accountable for obtaining up to date bank account and address details for PRS members to release held payments.
- Accountable for releasing held values from PRS suspense accounts where copyright disputes and other issues have been resolved.
- Supporting the Distribution Support Team with the processing of returned payments.
- Working with the Royalty Resolution Manager to provide regular updates to senior leadership on the progress made in reducing held balances.
- Supporting the Membership department with complex member payment queries.
For a full list of duties, please email the recruitment team and request a copy of the job description.
About you
At PRS for Music, we want you to bring the best version of yourself to work. We believe that celebrating individuality promotes a culture of acceptance and openness. Along with being whoever you want to be, in an ideal world you will also have:
- Experience of a performance focused culture.
- Knowledge of Excel to 'advanced' level, with a working knowledge of other Microsoft applications.
- Excellent analytical, financial and presentational skills.
- Excellent communication skills.
- Highly driven, tenacious and target focused with a proven track record of achieving and exceeding operational KPIs and working collaboratively across teams.
What’s in it for you?
Here are just a few things that set PRS for Music apart from the crowd:
- We trust, value, and support our people to make the difference.
- We believe that diversity of thought and experience provides the platform for innovation and creativity.
- We are consciously inclusive and have eight Affinity Groups which you can join and make an impact.
- We invest in the development of our people to drive our ambitions forward.
- We offer a range of family friendly leave including enhanced maternity and paternity, grandparent, fertility, reproductive and menopause support.
- We know time to rest and recharge is important which is why we offer 25 days holiday entitlement with the option to top up twice annually up to a maximum of 30 days.
- Employees can work from anywhere in the world for up to eight weeks of the year.
- Plus a whole range of other benefits, including retail discounts, gym discounts, season ticket or bicycle loan.
The Process
Our interview process for this role is simple: First stage interview will take place virtually on MS Teams. Second stage interview will take place in person at our London Bridge Hub. We use competency-based questions within our interviews. This allows you to provide examples of situations where you have had to demonstrate the required skills relevant to the role you are applying for. To assist your preparation for interview, research the STAR method to aid bringing your examples to life.
Location
We offer a hybrid working model, allowing employees to work from home up to three days a week. To ensure the health and safety of all our employees, if you wish to work from home for more than 2.5 days per week, we will conduct a quick and easy remote-working assessment. At PRS we are committed to equity, diversity, inclusion and belonging for all. We have taken a holistic approach to ensure that no one feels excluded regardless of age, class, sexuality, gender, race, religion, or ability. We value the needs of everyone in our organisation and strive to build an environment where our employee’s contributions are recognised in order that everyone may thrive.
Royalty Resolution Coordinator (FTC) employer: Prs For Music Ltd
At PRS For Music Ltd, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. Our remote-friendly approach allows for flexibility while working within a diverse team dedicated to accuracy and excellence in royalty distributions. We offer ample opportunities for employee growth and development, making it a rewarding place for those looking to make a meaningful impact in the music industry.
StudySmarter Expert Advice🤫
We think this is how you could land Royalty Resolution Coordinator (FTC)
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Prs For Music Ltd.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Prs For Music Ltd might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Royalty Resolution Coordinator (FTC)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Prs For Music Ltd will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Prs For Music Ltd. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Prs For Music Ltd confidence in your short-term commitment to the role.
How to prepare for a job interview at Prs For Music Ltd
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Prs For Music Ltd.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Prs For Music Ltd that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.