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Hernando Parada is a seasoned finance professional with extensive experience in royalties, accounting, and finance, having worked for prominent companies such as Universal Music Australia, EMI Music Australia, and Comfenalco Cundinamarca. With a strong background in music industry finance, Hernando has expertise in royalty systems, accounting, and financial analysis. He holds a Professional Technician In Accountancy and Finance from SENA - Colombia and a Bachelor's degree in Physic Culture, Sports and Recreation from Santo Tomas University - Colombia. Hernando is proficient in Microsoft Excel and Microsoft Office.

Experience

    • Australia
    • Musicians
    • 100 - 200 Employee
    • Inventory Lead
      • Aug 2016 - Present

    • Royalty Systems Manager - ANZ
      • Mar 2015 - Aug 2016

      Responsibility for ensuring that the company's royalty liabilities and obligations are in accord with the Artist's Contracts, License Agreements, Company All in Fee Agreement and Industry Copyright Agreement.Supervising the processing and maintenance of all release data and publisher liabilities to ensure that the business fully complies with the terms and conditions of the Mechanical Copyright, All in Fee, Local Artist Agreements and License Agreements.Proactively ensure the maintenance and development of local royalty systems to improve the efficiency of the department directly with UMGI system support and internal IT department.Liaise with other departments relating to relevant information required for royalty processing eg. Licensing, legal and business support. A&R.Liaise directly with senior Royalty Manager related to quarterly runs.

    • Royalty Administrator
      • Nov 2013 - Mar 2015

    • Royalty Accountant
      • Aug 2013 - Nov 2013

  • EMI Music Australia
    • Sydney Australia
    • Royalty Accountant
      • Jan 2010 - Aug 2013
      • Sydney Australia

      Digital project: upload and clear back catalogue sales for Australia and New Zealand.Propose and post adjustment journals related with artist royalties.Setup up and maintenance of the artist and video ledger including creditor setup.Recording of artist related expenditureProcessing of quarterly and 6 monthly Royalty statements and payments to artists and international affiliatesAssistance with the royalties month end processObtaining and analyzing contract summaries to determine recoupable commitmentsMaintenance of local royalty system

  • EMI Music
    • Colombia
    • Royalties & Operations Manager
      • Feb 2004 - Nov 2009
      • Colombia

      Liquidation and payment of Royalties related to the sales of Colombia, Venezuela, Ecuador, Peru and Central America to artists in the local and international repertoire.Monthly Accrual of the Royalty Expense. Analysis of the Royalty expense for purposes of corporate reporting. Elaboration of the Royalty Expense Budget for Corporate Reporting PurposesLiquidation and Payment of the Mechanical Royalties (Copyright) to the corresponding Publishing Companies for tracks used in EMI’s Catalogue.Analysis and Elaboration of the Copyright Expense Budget for corporate reporting. Analysis of the Copyright Suspense Account Process of Claims of Publishers. Creation and Control of products in the Company’s catalogue. Control of promotional goods for Accounting purposes. Confirmation of Outstanding Payable/Receivable Balances for Intercompanies. Confirmation of Balances of Royalties for Intercompanies. Management of Corporate Reporting Systems.Management of the Health and Security program.Manufacturing and Inventory Control.Release Planning.Supplier Negotiation.Distribution logistics

    • Accountant Assistant
      • Jan 1996 - Dec 2003
      • Colombia

      Analysis and Elaboration of the Finance reports for reporting. Analysis of the Finance information.Entering information to corporate systems.Maintenance and control of fixed assets.Administration and maintenance of physical archive.Office assistant tasks

Education

  • 2011 - 2012
    Strathfield College - Sydney (Australia)
    Advance Diploma In Accounting, Diploma In Accounting
  • 2002 - 2008
    Santo Tomas University - Colombia
    Bachelor In Physic Culture, Sports and Recreation, Health and Physical Education/Fitness
  • 1996 - 1998
    SENA - Colombia
    Professional Technician In Accountancy and Finance, Professional Technician In Accountancy and Finance
  • 1987 - 1993
    Republic of Panama (Republica de Panama) - Public School
    Bachelor's degree (Bachiller Academico), 11

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Musicians”

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