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
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