Anyone ever been a record company scout before?

I've just seen an ad for a student scout for a major record company at my uni job place. Requirements are a keen interest in Jazz (it then went on to mention Jamie Cullum and Groove Armada (!) and it also mentions that I will have to produce monthly reports on the talent I have found.

Will they actually pay me for writing about local talent? Or is this just a complete load of BS, anyone done anything like this before?

Skills needed: good musical ear, commercially aware, understanding of the market place, ability to make informed, detached decisions, good networker i.e. with agents, managers & promoters. Work will be on an as and when required basis so no fixed hours every week.