Collections Analyst

Motion Recruitment; New York (NY); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Licensing Compliance Consultant to enhance their team in a hybrid role. This position involves reviewing contracts for compliance, resolving discrepancies, and managing cash collections. The ideal candidate will possess strong accounting principles, exceptional problem-solving skills, and proficiency in Microsoft Excel. This role promises a dynamic work environment where you can actively contribute to critical financial processes while collaborating with various stakeholders. If you are detail-oriented and thrive in a fast-paced setting, this opportunity is perfect for you.

Qualifications

• 3-5 years of experience in the global licensing industry.
• Experience in operations finance and accounting preferred.

Responsibilities

• Review contracts and compare financial terms to royalty statements.
• Reach out to licensees to resolve open AR balances.
• Support Sales Team and Finance Dept. as needed.

Skills

General Accounting Principles

Royalty Accounting

Problem Solving

Microsoft Excel

Written Communication

Oral Communication

Time Management

Organizational Skills

Detail Oriented

Multitasking

Education

B.A. or B.S. in Business

B.A. or B.S. in Finance

Job description

Our client, a leading entertainment company is looking for a Licensing Compliance Consultant to join their team hybrid in NYC!

POSITION TITLE: Licensing Compliance Consultant

Principal Responsibilities – Royalty Compliance

1. Review contracts for financial terms and compare to royalty statements, checking for compliance.
2. Tracing financials through a contract’s life cycle to identify and resolve discrepancies.
3. Advise internal teams how to correct entry errors that prevent statement processing.
4. Advise licensees how to resubmit statements that cannot be processed due to errors.
5. Troubleshoot access issues when licensees are not able to access our system.
6. Troubleshoot inquiries from Finance and offshore royalty reporting teams.
7. Complete ad hoc special projects and provide reporting for management as needed.

Principal Responsibilities – Cash Collections/Compliance

1. Reach out to licensees (customers) to collect/resolve open AR balances and royalty compliance issues.
2. Maintain collection reason codes to accurately identify status of open receivables.
3. Monitor cash expected from licenses to ensure they are received in a timely manner.
4. Manage internal/ external ad-hoc requests as they relate to invoice account balances.
5. Point person for all withholding tax certificates ensuring they are received and sent to Viacom tax.
6. Assist cash application team resolve unapplied payments.
7. Provide support to Sales Team and Finance Dept. as needed.
8. Play an active role during month end close.

Skills

1. Strong understanding of General Accounting Principles (royalty accounting is a plus).
2. Strong ability to trace an issue to find its root cause and final impact.
3. Strong ability to understand and interpret contracts.
4. Strong Microsoft Excel skills.
5. Strong written and oral communication skills.
6. Strong time management and organizational skills.
7. Proactive mindset with ability to provide creative solutions to complex problems.
8. Detail oriented with ability to see the big picture and work on cross-divisional projects with many stakeholders.
9. Ability to multitask and manage diverse projects and assignments.
10. 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.

Seniority level

Associate

Employment type

Contract

Job function

Accounting/Auditing

Industries

Entertainment Providers and Broadcast Media Production and Distribution