About The Role 

beatBread is currently seeking an organized and detail-oriented Underwriting Assistant to support the underwriting team in creating, monitoring, and reporting on contracts with artists.

 

Essential Duties and Responsibilities

  • Provide support on due diligence on artists, including reviewing contracts, financial statements, and market data to ensure sound underwriting decisions.
  • Analyze financial statements, historical data, and industry trends to inform underwriting decisions and pricing.
  • Assess the financial viability and potential return on investment of artist advances by analyzing factors such as revenue streams, market trends, artist popularity, and historical earnings.
  • Collaborate with internal teams and external stakeholders to structure advance deals that align with the company’s risk appetite and financial goals.
  • Address questions from internal contacts on submissions and offers 
  • Prepare detailed reports and presentations on the performance of artist advances, including financial forecasts and risk assessments.
  • Stay updated on changes in the music industry, emerging risks, and advancements in underwriting practices.
  • Participate in QA and UAT for internal system updates in development and provide feedback
  • Provide other support as needed

 

Qualifications and Skills

  • Proficient in Microsoft Office Applications, particularly Excel
  • Strong written and verbal communication skills
  • Excellent attention to detail
  • Demonstrates curiosity and a commitment to finding solutions
  • Comfortable with high volume of data & requests
  • Good time management, prioritization, and multitasking abilities
  • Excellent problem-solving skills
  • Strong organizational skills in a fast-paced environment. This includes having the ability to quickly adapt without letting existing tasks fall behind.
  • To be able to thoughtfully speak up, advise and provide feedback on processes and systems
  • To be highly self-directed, e.g., understand the need and “get the work done” with varying degrees of direction.
  • Can-do, positive, “figure it out” attitude
  • Start-up or Music industry experience preferred
  • Understanding of music metadata & distribution preferred
  • Experience with HubSpot preferred

 

Physical Requirements

  • Must be able to respond to sound
  • Must be able to remain in a stationary position 75% of the time
  • Occasionally move about inside the office
  • Constantly operates a computer and other office productivity machinery
  • Frequently and accurately communicate information
  • Ability to lift up to 20 pounds occasionally

 

About beatBread

 

The Concept 

beatBread is a technology driven platform that enables funding for artists, labels, composers, and other key music industry participants.  Creators always have the option to retain long-run ownership of their Music when they seek funding from beatBread, and receive transparent, flexible funding options. Instead of listening to each artist's Music and guessing whether they will grow or not, we feed streaming and fan-engagement data to an optimized machine-learning model to predict artist growth and revenue.  We use these predictions to invest in artists, and, also, to empower music companies, institutions, and high net worth individuals to make their own investments in artists. Investors include leading venture capital firms, including Deciens Capital, Mucker Capital and Afore Capital, along with several progressive and innovative music companies.

 

Why Artists Love What We Do 

Artist’s love beatBread because they can fund their careers without giving up ownership of their Music or the choice of their partners. beatBread's approach also enables us to fund creative people and organizations from those that are "chart toppers" to those who are too small or too "off center" for traditional labels to back.

 

Because we don't tell artists which marketing, distribution, or creative partners they need to work with, even large, chart-topping artists often find the options we provide more attractive than traditional funding options. 

 

Company Growth 

Since funding our first artist two years ago, we are now funding more than a deal per day and putting seven figures of advance dollars out in the market each month. Prominent artist service companies have chosen to integrate our platform directly into their products, with major streaming platforms and distributors showing keen interest in partnership.  

 

Our Team and Culture 

beatBread is a lucky combination of music business executives with decades of experience, startup folks who love music, data scientists who live to dig into billions of data points, and software developers born to build cool stuff. We are all unified by a mission to help more musicians stay independent and keep control of their work and their careers, and a vision to become the largest source of funding in the global music industry. 

 

Culturally, we are curious, hardworking, and informal. As a matter of both pragmatism and personal values, we do our best to approach our work and our partners with more humility than many fast growing venture-backed companies, or many entertainment professionals who put image and status ahead of impact and value. 

 

Benefits

We strives to offers exceptional benefits to our full-time employees.  These are just a few of our amazing benefits:

 

  • 100% paid health insurance for employees AND their dependents
  • Several options for dental, vision, life, and other supplementary insurance coverages
  • Paid sick and vacation time begins accruing on your first day with the company
  • Participation in our 401k retirement saving account upon hire.  The company matches up to 3%.
  • Twelve paid holidays per year
  • …and so much more!