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Head of Royalties

 

Bloomsbury Publishing PLC is an entrepreneurial, independent, worldwide publisher listed on the London Stock Exchange with offices in London, Oxford, New York, Sydney and New Delhi. Over its 35 year history, Bloomsbury’s mission has been to publish works of excellence and originality.

Bloomsbury is very dynamic, fast-growing business operating globally across consumer and academic publishing.

Bloomsbury’s Royalties team is responsible for preparing royalty statements, making advance and royalty payments, providing accurate and timely accounting information and author care for Bloomsbury’s authors globally. The Royalties team are responsible for keeping pace with and delivering ahead of the evolving demands of the business.

We are recruiting for new a Head of Royalties, to lead and manage the Royalties team.

The Head of Royalties is responsible for delivering all areas of Bloomsbury royalties:

  • Advances, royalties and statements
  • Author and agent queries
  • Accounting for royalties and advance provisions
  • Royalty analysis for internal stakeholders

The role will manage and support a team of royalty professionals in delivering these responsibilities. Critical to the success of this role will be setting and communicating clear priorities and timetables for the team, whilst managing the team and the wider stakeholder group to deliver.

Whilst prior publishing royalties experience is desirable, this role is also open to candidates with royalties’ experience in comparable industries with strong leadership skills, good communication and a track record of delivery in a high-pressure environment.

Bloomsbury are separately undertaking a project to implementation a Biblio royalty solution. Whilst the project is well supported from a royalties perspective, this role will play a key role in delivering the success of the project and the necessary process improvements the new system will enable.

The role

Authors and Agents

  • Deliver and maintain effective processes and controls to ensure accurate and timely
  • Set up of author contracts in the royalty system including royalty reserves and linking of ISBNs.
  • Payment of author advances.
  • Semi-annual royalty runs, including relevant tax documentation.
  • Handle and resolve royalty queries from authors, agents and editors in a professional, accurate and timely manner.
  • Ownership of accurate author and agent payee details in the appropriate system.

Finance and Accounting

  • Reconcile the royalty accounts, including advances, royalty ledger control, retention reserves and royalty earnings
  • Timely and accurate booking of the monthly royalty accruals in the finance system.
  • Deliver clear and timely analysis of the monthly royalty accrual to the relevant finance stakeholders.
  • Reconcile the monthly advances schedules.
  • Deliver accurate unearned advance schedules to the finance team, including any necessary supporting analysis to explain and articulate the key movements.
  • Review monthly royalty sales report, ensure key titles’ sales figures are checked and uploaded to the relevant agent’s system.
  • Provide schedules for the group statuary audit, e.g. advances commitment, ageing and analysis of unearned advances for reserve.
  • Design and deliver processes and controls with relevant finance teams to ensure successful payment of the royalties through the finance system.
  • Oversee preparation of tax forms, quarterly and annual tax returns, liaison with tax authorities and rights department on tax exemption requirement

Systems (Royalty and Finance)

  • Timely and accurate data input into the royalty system: advances, sub-rights, other earnings, carried forward, reversions, write offs
  • Monthly review of and clearing of items from royalty exception reports
  • Ownership of accuracy and suitability of all royalty system reporting.
  • Implement improvements to the royalty systems and processes.

Management and Leadership

  • Provide line management for an experienced team of three royalties professionals.
  • Provide coaching, development and training as well as high quality direction and leadership to a wider royalty team of 8 individuals.
  • Act as a spokesperson and sponsor for the royalties department across Bloomsbury.
  • Set and communicate the strategic goals of the royalties department.
  • Deliver clear workplans, objectives and targets to deliver on the department strategic goals.

Internal stakeholders

  • Provide Finance with high quality clearly presented royalty data and analysis, including on unearned advances.
  • Provide clear and well-presented royalty schedules to editorial and commercial teams.
  • Develop and deliver royalty data analysis which supports and challenging decision making.
  • Review unpublished advances with editors, monitoring cancelled advances.
  • Support the business on new contract discussions with respect to royalties.
  • Provide ad hoc financial analysis for editors and authors, e.g. royalty earnings.

Other core activities and projects

  • Assist with the migration to new royalty system, particularly user acceptance testing of the new system.
  • Assist with integration of new acquisitions into the royalty system.
  • Advise the business on ability to deliver potential author contracts and new royalty models.
  • Where applicable develop business cases to develop new royalty functionality.
  • Other projects as required

Knowledge, skills and experience 

Requirements

  • Strong leadership skills with significant demonstrable experience in a team leader.
  • Demonstrable experienced in development, training, and recruitment of a team.
  • Royalties experience, ideally in consumer or academic publishing.
  • Demonstrable experience of being a lead and spokesperson for a royalties department

Critical skills

  • Ability to prioritise and clearly communicate in a high-pressure environment.
  • Proactive and motivated with the ability to work under own initiative with adherence to tight deadlines, an aptitude for continuous improvement, the ability to work flexibly and excellent organisational skills.
  • Excellent communication skills, verbal and written, and the ability to nurture and maintain positive working relationships at all levels.
  • Ability to articulate and present complex data to numerate and non-numerate stakeholders.
  • Highly numerate, fast and accurate, strong attention to detail with complex schedules.
  • Problem solver with a track record of understanding and delivering change.
  • Strong excel skills, particularly advanced use of pivot tables and lookups.
  • Familiarity with royalty systems, Biblio and Vista KEA preferred.
  • Basic understanding of double entry book-keeping.

Desirable

  • Experience of data processing using Microsoft product suite including Powerquery/Excel/Access.
  • Understanding of withholding tax rules.
  • In-depth knowledge of author contracts.

Additional information

The role is a full-time permanent position

Salary Range: £70,000 - £80,000

The role is based at our London office 50 Bedford Square, London, WC1B 3DP on a hybrid working pattern of 2 days office based / 3 days home based (or fully office based if preferred).  Allocated office days for this role are Monday and Tuesday.

Please apply with a CV and one page maximum covering letter addressed to Human Resources (Word or PDF format only) via the ‘APPLY NOW’ button detailing how you meet the requirements outlined above for this role by 15th December 2023.

Bloomsbury reserve the right to close the role early if we exceed the required number of applications

Bloomsbury Benefits

As well as a fantastic opportunity to join a global award-winning organisation, Bloomsbury offers the following competitive benefits package:

Working Pattern

  • hybrid working pattern of: 2 days office based / 3 days home based (or fully office based if preferred)

Holidays

  • 25 days holiday
  • 3.5 days Christmas company holiday

Other Benefits

  • Two paid Personal Wellness Days
  • Flexible Fridays – take Friday afternoon off by working an additional 3 hours and 45 minutes earlier in the week
  • Season Ticket Loan
  • Sharesave Scheme
  • AXA Healthcare Plan (Private Medical Insurance)
  • In-house Doctor
  • Eyecare Voucher Scheme
  • Company culture – Employee Voice Meetings, Staff Networks (Bloom (BAME), Accessibility, Mental Health, Pride, and Parents, Guardians and Carers) and 21 Mental Health First Aiders trained across the UK offices, Publishing Events and access to free Publishing Resources

For additional benefits see below

Bloomsbury is a place where anyone of any background, race, ethnicity, religion, sexuality, gender identity, age, ability, or socio-economic status can thrive, feel comfortable, and be heard and accepted. We are an equal opportunities employer and welcome applications from all sections of the community.

We are willing to make any reasonable adjustments throughout the recruitment process, please flag to the recruitment team if required

Applicants must have the legal right to work in the UK. 

The Company

Bloomsbury Publishing Plc.

Bloomsbury Publishing is a leading independent publishing house, established in 1986, with authors who have won the Nobel, Pulitzer and Booker Prizes, and is the originating publisher and custodian of the Harry Potter series. Bloomsbury has offices in London, New York, New Delhi, Oxford and Sydney. Within Bloomsbury’s Academic division, it publishes under Bloomsbury, as well as under a number of prestigious and historic imprint names. Read Our Story for how it all began. 

 Bloomsbury is committed to creating a working environment that stimulates creativity and collaboration, is respectful of difference, is inclusive and ethical in its practice, and promotes well-being. We are determined to nurture and develop our employees to reach their highest potential, and we know that our success is down to the passion, commitment and hard work of our talented people. We recognise the urgent need to attract and support applicants from all backgrounds and identities to become part of the global publishing industry, allowing diverse voices to reflect and shape our culture and society.

Head of Royalties

Full-time, Permanent
Publisher
Administration, Management, Communications, Royalties, Business Development
Salary description: 
£70,000 - £80,000

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