Analyst, Underwriting

Stem exists to help artists navigate the business behind their music. We do this by reducing complexity, creating clarity, and providing more opportunities to exercise full control. The artists on our platform decide for themselves how their hard-earned dollars flow - whether through splits to their collaborators, or to artist-friendly advances that scale their operations with no strings attached. 


Stem is looking for an analyst to join our team and manage the day-to-day operations of Scale, our advances offering for independent musicians. This role will be at the forefront of music financing, shifting the paradigm of how artists access capital to grow by clearly showing how much they’re paying and enabling them to retain ownership of their intellectual property. 


This person will initially work closely with our analyst, general manager, and business intelligence team, learning the methodologies for valuing music and underwriting advances. They will then be expected to underwrite advances fully independently, and contribute to process improvements via new tools, automation, incorporating additional signals, and refining the model. If you’re the type of person who enjoys tackling nebulous challenges and isn’t afraid to run sensitive processes with minimal oversight, this role might be for you!


This role is full-time and fully remote, with occasional in-person get-togethers in Los Angeles for which we cover travel / lodging for out-of-town employees.


Our team:

Stem Disintermedia is led by a driven & collaborative team from diverse backgrounds, including senior professionals from UTA, PeerStreet, Hired, Apple Music, and FlashFunders. Our highly-strategic group of investors and senior advisors include former COO of Venmo Michael Vaughan, Acorns board member and former Wealthfront CEO Adam Nash, Carta CEO Henry Ward, QED Co-founder Adams Conrad, Quality Control Music (Cardi B, the Migos and Lil Yachty) co-founder and COO Kevin "Coach K" Lee, Three Six Zero CEO Mark Gillespie, two-time NBC All-Star Baron Davis and WndrCo. Our employees include musicians, parents, activists, artists, and more - what unites us are our shared values, commitment to exceptional communication, and belief in Stem’s mission.


What You’ll Do:

+ Analyze musicians’ streaming data to estimate the value of their catalog and predict the cash flows of future releases

+ Compile historical earnings data to validate performance projections and understand decay

+ Underwrite artist advances to ensure Stem’s portfolio performance

+ Monitor the performance of the portfolio and identify ways to refine the model

+ Take ownership of the underwriting process and improve it by advocating for and implementing new tools/data sources

+ Assist the client team in explaining Scale’s structure to artists and their teams

+ Work with the engineering team to assist in productizing advance disbursement, repayment, and tracking


Our ideal candidate has:

+ A high level of discipline – able to execute sensitive processes repeatedly without errors

+ Advanced Microsoft Excel skills, including VLOOKUPs, Pivot Tables, and statistical functions

+ Financial modeling skills and an understanding of concepts such as IRR and DCF

+ Excellent communication skills, including the ability to clearly and professionally present Scale advances to artist teams while building trust and rapport


It’s a bonus if you have:

+ Basic SQL proficiency

+ Experience with BI tools such as Periscope, Sisense for Cloud Data Teams, Looker, or Tableau

+ Basic statistics proficiency

 

 

Technologies/Systems/Software we use:

+ Microsoft Excel

+ Nielsen/MRC Data

+ Periscope/Sisense for Cloud Data Teams

+ PostgreSQL

+ Chartmetric


Don't match every skill listed? Almost nobody does! Think you're a good fit anyway? Please let us know.


Benefits:

+ Competitive compensation package including equity for all full-time employees. We maintain salary brackets for all career tracks to ensure equitable salaries across the company.

+ 100% premiums covered for employee medical, dental, and vision (60% for dependents)

+ Company 401(k) match up to 4%

+ Unlimited paid time off

+ FSA

+ Life insurance 

+ Student loan paydown program

+ Excellent parental leave policies

 

**Stem is an equal opportunity employer, and more than that, actively strives to build and nurture a diverse, inclusive, and equitable team.  We celebrate differences and screen for shared values rather than culture fit.  We are committed to providing employees with a work environment free of discrimination and harassment.**


APPLY HERE: https://jobs.lever.co/stem/a3221c9b-a7d3-4238-b10c-e15381aee984

Additional Info

Job Type : Full-Time

Education Level : Bachelors Degree

Experience Level : Coordinator, Entry Level

Job Function : Analyst

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