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    Credit and Collections Analyst II - New York, United States - US Tech Solutions

    US Tech Solutions
    US Tech Solutions New York, United States

    4 weeks ago

    Default job background
    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


    • 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
    Principal Responsibilities - Cash Collections/Compliance


    • 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
    Skills


    • 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)
    Experience/Knowledge


    • 3-5 years of relevant global licensing industry work experience
    • Experience in operations finance, accounting, and operations management preferred
    Education/Background


    • B.A., B.S. in Business or Finance
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