Accounting Manager, Royalty

Job Duties

• Cook up review and documentation of license agreements (understand terms, rates, and payment structures) with Paralegal and Licensing team.
• Review reporting to licensors and compare to contract terms.
• Analyze sales data, revenue streams, and costs to ensure accuracy in royalty calculations.
• Support quarterly royalty reporting to licensors.
• Ensure all royalty accounting and reporting activities comply with contractual agreements and relevant accounting standards and regulations.
• Maintain the royalty database, creating new contract entries, updating rates, and managing contact information.
• Prepare royalty, inventory and departmental forecast reports.
• Reconcile royalty payments with sales and other financial data to verify accuracy and resolve discrepancies.
• Collaborate with internal teams (e.g., Legal, Data Analytics) and external partners (e.g., licensees, rights holders) to address inquiries and resolve issues.
• Maintain various balance sheet accounts and assist with the preparation of management estimates, as needed.
• Support month-end close and financial statement preparation/analysis, as needed.
• Partner with Inventory team to accurately account for inventory transactions, strengthen controls and provide required management reporting.
• Work with cross-functional teams to examine existing procedures and help improve processes.
• Partner with IT as part of team responsible for all software implementation and enhancements.
• Support external audits from licensors, bank and external accounting firm.
• Participating in quarterly town halls and team meetings presenting or facilitating short topics.
• Mentor team members.

Qualifications

• 7-10 years’ work experience in progressive accounting roles in a similar industry or with a company processing royalties (wholesale/distribution/retail or other inventory-based operations).
• Audit and/or royalty experience preferred.
• Demonstrated ability to lead teams and implement process improvements.
• Excellent analytical, organizational, communication, and leadership skills.
• Performs work with a high degree of accuracy.
• Ability to meet deadlines and work well in a fast-paced environment.
• Proficiency with ERP systems, Power BI, Microsoft products (Excel, Outlook) and ongoing system enhancements.