Job Description
THE OPPORTUNITY
Fanatics is searching for a Staff Accountant that will be part of its Collectibles Royalty and Revenue Share Team. This role will include preparing royalty and revenue share calculation accrual entries, royalty reports and royalty payments. They will communicate with license partners as well as other internal and external parties, ensuring compliance with Licensor Agreements with royalty and revenue share obligations. This individual will work cross-departmentally and collaboratively with others on the team.
Core Responsibilities:
- Performs month-end close process including preparation of royalty accruals, estimates and prepaid royalty entries.
- Prepare licensee partners royalty reporting, reviewing for completeness, accuracy, and compliance with license agreement requirements
- Thoroughly understand license agreements and monitor to ensure financial contractual obligations are met throughout all business interactions across assigned licensees
- Track licensee guarantees, excess royalty payments, and determine royalty shortfall amounts, if applicable
- Assist with quarterly and annual audit requests from external auditors
- Prepare balance sheet reconciliations for Prepaid and Accrued Royalties
- Maintain/recommend a strong financial controls environment and compliance with SOX processes
- Able to research and respond promptly to all licensee and colleague inquiries and requests with accuracy and professionalism
- Positively impact the speed and ease for licensees to conduct business with the company
- Ability to effectively communicate with clients, licensees, and colleagues, including complex royalty accounting issues, errors, or opportunities for improvement
Customer Service / Collaboration:
- Able to research and respond promptly to all licensee and colleague inquiries and requests with accuracy and professionalism
- Positively impact the speed and ease for licensees to conduct business with the company
- Ability to effectively communicate with clients, licensees, and colleagues, including complex royalty accounting issues, errors, or opportunities for improvement
- Formalize task documentation and standardize procedures across the department to facilitate cross-training across the team.
- Identify opportunities to streamline royalty accounting and reporting processes.
Required Skills and Abilities:
- Bachelor's degree in accounting or finance required
- 1 - 3 years of accounting experience, preferably with royalty accounting exposure (music, consumer products, publishing, etc.)
- Experience in a large scale ERP system, Oracle and D365 is a plus
- Exceptional attention to detail
- Strong written and oral communication skills
- A self-starter with ability to excel at multi-tasking and staying organized
- Proficient in Microsoft Office Suite, including Excel (Pivot Tables, VLookups, & other formulas)
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