Job Description: Senior Revenue Accountant (Royalties)

Job Purpose: Analyze and monitor royalty revenues, licensee contract management, and royalty revenue reporting.

Job Duties and Responsibilities:

• Review royalty contracts and determine appropriate revenue recognition methodology
• Track, analyze, and reconcile quarterly royalty reports based on contractual terms; review and analyze royalty revenues to ensure completeness and accuracy 
• Summarize revenues that should be billed monthly/quarterly 
• Work directly with the Accounts Receivable and Credit & Collection teams to Monitor accounts with past due balances
• Monitor and analyze balance sheet accounts related to royalties such as deferred revenue, accrued royalties.
• Assist the general accounting team with analysis of transactions pertaining to commissions, company royalty, profit participation expenses to ensure that expense recognition matches the revenue recognition
• Maintain adequate accounting records and analyses that support financial decision-making
• Perform monthly analysis of royalty revenues and budget variance.  Work with various teams to investigate variances and analyze trends
• Work with the brand teams and licensees on estimate overages and subsequently true-up to actuals based on royalty reports.  
• Coordinate with billing
• Monitor licensee reporting and compliance to determine any operational issues or any potential breach of contract.
• Prepare other external reports, as necessary
• Assist with the annual audit of the financial statements

Skills/Qualifications: 

• Bachelor’s degree in Accounting or a related field
• Experience with royalty/license revenue accounting preferred
• Ability to learn new software and implement changes in the accounting system
• Ability to perform root/cause analysis and propose solutions
• Ability to manage multiple projects and tasks with strong orientation for details and deadlines
• Ability to identify variances or unusual trends that will require further investigation
• Confident verbal and written communicator with experience communicating with people at all levels of the organization
• Proven experience working independently with limited supervision