OVERVIEW
Gold State Music (GSM) is a private investment firm focused on investing in the music sector. Our funds are focused primarily on investing in music rights (music publishing and recorded music rights) as well as in enterprises in need of growth and expansion capital.

GSM was founded in 2022 by Charles Goldstuck, and currently has offices in West Palm Beach, FL, New York, NY, and Lake Nona, FL (Orlando). Our funds are expected to deploy a total of $750 million through the first fund cycle. We have an experienced team comprised of industry professionals who are deeply rooted in the music ecosystem.

INVESTMENT STRATEGY
GSM invests principally in active artist and creator rights, focusing on creators who have had chart success and are still active in their careers. We invest in artist, writer and producer rights, and consider investments between $2 million and $125 million as our prime investment opportunities. Our experienced fund team are skilled in creating opportunities and thus value, in order to enhance the performance of our owned catalog rights.

GSM also focuses on enterprise investments, and targets companies that are characterized by attractive fundamentals: healthy growth rates, exceptional leadership and management teams, have growth capital requirements, potential for attractive margins, and well-established market positioning.

GSM invests only in the music and music-adjacent sectors. We know these sectors exceptionally well and invest in select opportunities where our skills and experience can help management teams build significant businesses. We are an active investor. We generally invest in minority positions that allow for board participation, where we can bring our skills and experience to bear. We participate in the strategic planning of our portfolio companies, and assist in executive recruiting, capital allocation, expansion opportunities, and ultimate liquidity options. We are attracted to proprietary opportunities that generally present themselves as a consequence of our deep participation in the sector. We are thus a very active partner to our management teams.

GSM takes a long-term perspective regarding our investments. We are committed to helping our companies succeed.

INVESTMENT TEAM
GSM’s investment team currently consists of 17 investment professionals located in New York, Los Angeles, West Palm Beach, Nashville, Lake Nona,  London, and Oslo.

OPPORTUNITY
Position: Director of Royalties
Location: Nashville, TN or New York, NY

Position Description
GSM is recruiting an experienced Director of Royalties to support its organization. The primary role is to manage all aspects of royalty flow and analyze royalty activity on behalf of our music investment catalogs.

RESPONSIBILITIES
The Director will be involved in all aspects of our music royalty accounting, working under the supervision of our Chief Administration Officer. The Director will also work closely with the underwriting teams.

The Director of Royalties responsibilities include:
·       Timely reporting and analysis of all royalty income related to company-owned rights
·       Coordinating and communicating with all payors to ensure that payments are timely and accurate
·       Managing the royalty analysis team members on a day-to-day basis to track and report timely on all royalty income
·       Maintaining internal reporting calendar to track all incoming and outgoing royalty payments
·       Supporting the financial and underwriting transaction teams in the evaluation of potential rights acquisition deals and accuracy in forecasting
·       Preparing internal memoranda and reporting related to royalty activity
·       Assisting in the recording of royalty activity in the company’s accounting ledger
·       Calculating and furnishing outgoing royalty statements based on contractual obligations
·       Combining and formatting large electronic datasets
·       Preparing royalty statements for ingestion into company’s BI database
·       Maintaining organization of electronic files and folders
·       Analyzing data to find underpayments of royalties and create claim schedules
·       Assisting the CAO and financial team in summarizing and reporting royalty activity for external use
·       Assisting in the conduct of payor royalty audits where necessary

Requirements
Ideal qualifications include:
·       At least eight to ten years of work experience in music royalty analysis and related reporting
·       Unmatched attention to detail
·       Strong quantitative, analytical, and problem-solving skills
·       Self-starter with the ability to operate effectively with limited supervision
·       Undergraduate degree from a nationally recognized institution
·       Strong interpersonal, organizational, and communication skills
·       An ability to fit into a medium-sized team and a highly demanding work environment
·       Strong familiarity with Microsoft Excel and PowerPoint
·       Experience with Tableau or another BI software is highly recommended

Compensation
Compensation will be competitive in the market, and will consist of a base salary, and discretionary year-end bonus.