- Review contracts for financial terms and compare to royalty statements, checking for compliance
- Tracing financials through a contract's life cycle to identify and resolve discrepancies
- Advise internal teams how to correct entry errors that prevent statement processing
- Advise licensees how to resubmit statements that cannot be processed due to errors
- Troubleshoot access issues when licensees are not able to access our system
- Troubleshoot inquiries from Finance and offshore royalty reporting teams
- Complete ad hoc special projects and provide reporting for management as needed
- Reach out to licensees (customers) to collect/resolve open AR balances and royalty compliance issues
- Maintain collection reason codes to accurately identify status of open receivables
- Monitor cash expected from licenses to ensure they are received in a timely manner
- Manage internal/ external ad-hoc requests as they relate to invoice account balances
- Point person for all withholding tax certificates ensuring they are received and sent to *** tax
- Assist cash application team resolve unapplied payments
- Provide support to Sales Team and Finance Dept. as needed
- Play an active role during month end close
- Strong understanding of General Accounting Principles (royalty accounting is a plus)
- Strong ability to trace an issue to find its root cause and final impact
- Strong ability to understand and interpret contracts
- Strong Microsoft Excel skills
- Strong written and oral communication skills
- Strong time management and organizational skills
- Proactive mindset with ability to provide creative solutions to complex problems
- Detail oriented with ability to see the big picture and work on cross-divisional projects with many stakeholders
- Ability to multitask and manage diverse projects and assignments
- Ability to work independently and collaboratively (i.e. leader as well as team player)
- 3-5 years of relevant global licensing industry work experience
- Experience in operations finance, accounting, and operations management preferred
- B.A., B.S. in Business or Finance
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Licensing Compliance Consultant - New York, United States - First Tek
Description
Resume Format - Please add Sales Pitch to top of Resume, our explanation of why the candidate is qualified for the position.
Hybrid: 2 days on site(Tuesday and floating day)
Top 3 Skills: 3-5 years of relevant global licensing industry work experience, Experience in operations finance, accounting, and operations management preferred, knowledge of general accounting principles, strong excel skills,
Other Skills/Nice to Haves:
royalty accounting is a HUGE plus
POSITION TITLE:
Licensing Compliance Consultant
DEPARTMENT:
Global Consumer Products Business Operations
Principal Responsibilities - Royalty Compliance
Principal Responsibilities - Cash Collections/Compliance
Skills
