- 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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Credit and Collections Analyst II - New York, United States - US Tech Solutions
Description
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
Location:
Broadway, NY
Duration: 12 months (can extend depending upon performance and business needs)
Principal Responsibilities – Royalty Compliance
US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions.
US Tech Solutions is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
