New York, New york
Senior Royalty Accountant Job Opening in New York, New york - Job Purpose: Analyze and monitor royalty revenues, licensee contract management and royalty revenue reporting.
Job Duties and Responsibilities:
· Manage royalty contract database to ensure that all royalty contracts are accounted
· Review royalty contracts and determine appropriate revenue recognition methodology
· Analyze and summarize monthly and quarterly royalty revenues based on contract terms, the relevant revenue recognition methodology and the current status of license
· Perform review and analysis to ensure completeness and accuracy of royalty revenues
· Analyze and reconcile quarterly reports received from licensees to determine any additional revenues to be billed
· Summarize royalty revenues that should be billed monthly/quarterly
· Monitor and analyze accounts receivable and past due balances
· Monitor and analyze accounts related to royalties such as deferred revenue and prepaid royalties
· Monitor and analyze transactions related to royalty revenue transactions such as commissions, company royalty expenses and others to ensure that expense recognition matches the revenue recognition
· Maintain adequate accounting records and analyses that supports financial decision-making
· Prepare an analysis of actual royalty revenues to budget, investigate variances and analyze trends
· Assist in the build-up of royalty revenue budgets, updates and changes
· Prepare weekly, monthly and quarterly royalty revenue reports
· Prepare other external reports, as necessary
· Monitor licensee reporting and compliance to determine any operational issues or any potential breach of contract
· Maintain communication with brand managers, legal department and licensees with respect to licensee operations and reporting
· Provide financial advice by studying operational issues; apply financial principles and practices; and developing recommendations to improve policies and procedures.
:
· Graduate of an accounting degree
· Experience with royalty/license revenue accounting preferred
· Proficiency in Microsoft Excel and Microsoft Word
· Ability to learn new software and implement changes in accounting system
· Ability to perform root/cause analysis and propose solutions
· Must possess the following traits:
o Detail oriented
o Excellent analytic skills, ability to identify variances or unusual trends that will require further investigation
o Deadline-oriented
o Good written and oral communication skills, ability to coordinate with personnel across the organization
o Organized and possess good time management skills
o Methodical approach
o Ability to work with limited supervision
o Ability to prepare reports in an accurate and concise manner
Job Type: Full-time
Job Location:
New York, NY 10018
Required experience:
Accounting: 3 years
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