Royalties Sr. Manager
Posted on Nov 16, 2018 by Fanatics, Inc.
Royalties Sr. Manager
This position is responsible for the management of all financial royalty reporting, including Royalty Income and Royalty Expense tracking, payment, forecasting, and publication of monthly royalty liability calendars for business unit. This position works closely with business unit to review contracts and to gain full understanding of contract requirements to ensure proper set-up for payments. Also works with sports league auditors to review payments and handle issues as needed. Manages staff for the preparation of monthly and quarterly Royalty reports, publication of monthly business update and monthly preparation of sales commission statements and payments.
Manages the Royalty compliance process to include tracking and reporting Royalty Income and Royalty Expenses from internal and external sources. Develops processes and procedures to improve the workflows and efficiency of the royalty accounting process and system interfaces. Manage the preparation and accuracy of Royalty Reports based on contractual requirements. Develop Controls for the Royalty Reporting compliance process and ensures internal controls are adhered to. Participates in all external licensor audits
Manages staff to ensure all Royalty related contractual and auditor obligations are met including accurate and timely payments based on contractual obligations. Provides direction, hires, trains and conducts performance reviews for staff.
Manages royalty process across multiple licenses and ensures proper financial information is reported in a timely manner. Reconciles G/L income and Royalty Expense from the Royalties system and prepares balance sheet reconciliations for income and royalties on a monthly basis. Manages key month end accruals and journals are prepared and maintained. Ensure reconciling entries are immediately addressed. Assist the finance team in preparing the annual budgets and in preparing revised forecasts on a monthly basis.
Manages accounts receivable process for Royalty income and Royalty Expenses from Sublicensing Operations.
Publishes month and quarter-end results to senior management and keep management appraised of any issues and planned steps to resolve.