Senior Royalty Accountant - 20284

Company: Foster McKay
Location: New York
Posted on: May 16, 2022

Job Description:

- Senior Royalty Accountant - 20284 - Job Search - Foster McKay "Only those who dare to fail greatly can ever achieve greatly." Robert F. Kennedy Disciplines

• Accounting
• Administrative
• Business Development
• Credit
• Executive Retained
• Finance
• Human Resources
• Internal Audit
• Logistics
• Other
• Procurement
• Project Management
• Sales & Marketing
• Systems
• Tax
• Treasury Job Types
  • Permanent (Direct Hire)
  • Consulting (Temporary) Location New York, NY Compensation $85K - $90K # 20284 Why would I want this job?As Senior Royalty Accountant, you will act as a results oriented business partner to our Labels, working closely with teams across our organization. You will be relied upon to analyze royalty contracts, record monthly royalty accruals, and prepare royalty statements in accordance with contracts. This role also provides the opportunity to review, analyze and reconcile large data sets from multiple systems and applications in support of our key accounting treatments. Our Royalty Accounting team provides a collaborative environment to learn about our business while making an impact on the financial success of our company.What would I be doing?
    • Prepare and analyze complex third-party royalty statements against monthly accruals to ensure reasonability and investigate/explain variances
    • Create and maintain appropriate set up of royalty contracts in royalty system (Alliant).
    • Ensure contractual compliance for third-party royalty and licensing agreements related to the Company's royalty reporting, royalty payments, and scheduled advances and/or guarantees and rights periods
    • Participate in royalty audits and coordinate with internal teams to respond to auditor inquiries
    • Respond to questions from third-party licensors and developers on royalty reports
    • Work with our internal labels and accounts payable to code and process all milestone payments
    • Prepare monthly royalty cash forecasts for the Treasury team
    • Perform month-end close activities including utilizing a combination of sophisticated spreadsheets and royalty system (Alliant) to prepare journal entries, reconciliations and analyses for global revenue on both a US GAAP and Management reporting basis
    • Develop full understanding of existing and new Distribution, Licensing, Publisher, Music and Development Agreements in order to determine appropriate royalty calculations
    • Proactively question existing procedures to identify and implement process improvements to gain efficiencies and streamline workflows
    • Maintain compliance and evidence of compliance with SOX controls and policies
    • Work with external auditors on quarterly reviews and annual audit requests, including performing process walkthroughs and providing requested documents in a timely mannerWhat would make me qualified?
      • At least 3 years of public and/or private accounting experience
      • Ability to clearly document key royalty accounting processes and develop process flows
      • A track record of building strong relationships with colleagues, and demonstrated coaching skills
      • Comfort working in a high volume, fast paced environment
      • Excellent project management, analytical, and written and verbal communication skills
      • Ability to work flexibly; balancing multiple requests and changing priorities
      • A mentality of innovation and adaptability
      • Passion for problem-solving
      • Experience with JD Edwards (G/L) and Hyperion Financial Management ("HFM"); bonus points for Alliant experience
      • Advanced MS Office (Excel, Word) skills Apply Application for Senior Royalty Accountant - 20284 First Name*:
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Keywords: Foster McKay, New York , Senior Royalty Accountant - 20284, Accounting, Auditing , New York, New York