Entry Level Royalties Accountant

Austin Community College; Coppell (TX); On-site; USD 55,000 - 70,000; Full time

Job summary

FanaticsCollectibles is seeking a staff accountant to join their Collectibles Royalty and Revenue Share Team in Coppell, TX. The successful candidate will be responsible for preparing royalty and revenue share calculation entries and ensuring compliance with Licensor Agreements while collaborating with various departments.

This role requires strong knowledge in US GAAP and accounting principles, excellent communication skills, and proven accounting experience. The position is onsite five days a week.

Qualifications

• 2-3 years of accounting experience, preferably with royalty accounting exposure.
• Experience handling annual audits and working with internal and external audit functions.
• Ability to manage multiple tasks and meet stringent deadlines.

Responsibilities

• Perform month-end close process including preparation of royalty accruals.
• Prepare licensee partners royalty reporting, ensuring compliance.
• Maintain compliance with financial contractual obligations across assigned licensees.

Skills

Accounting experience

US GAAP understanding

Analytical skills

Communication skills

Proficiency in Microsoft Excel

Education

Bachelor's degree in Accounting or Finance

Tools

ERP systems (Oracle)

Job description

FanaticsCollectibles is searching for a staff accountant to join our Collectibles Royalty and Revenue Share Team. This role will include preparing royalty and revenue share calculation accrual entries, royalty reports and royalty payments. They will communicate with license partners as well as other internal and external parties, ensure compliance with Licensor Agreements with royalty and revenue share obligations. The individual will work cross-departmentally and collaboratively with others on the team.

What you will be doing

• Performing month-end close process including preparation of royalty accruals, estimates and prepaid royalty entries.
• Preparing licensee partners royalty reporting, reviewing for completeness, accuracy, and compliance with license agreement requirements
• Thoroughly understand license agreements and monitor to ensure financial contractual obligations are met throughout all business interactions across assigned licensees
• Track licensee guarantees, excess royalty payments, and determine royalty shortfall amounts, if applicable
• Assist with quarterly and annual audit requests from external auditors
• Prepare balance sheet reconciliations for Prepaid and Accrued Royalties
• Maintain/recommend a strong financial controls environment and compliance with SOX processes
• Able to research and respond promptly to all license partner inquiries and requests with accuracy and professionalism
• Positively impact the speed and ease for licensees to conduct business with the company
• Ability to effectively communicate with clients, licensees, and colleagues, including complex royalty accounting issues, errors, or opportunities for improvement

What you will bring

• Bachelor (or higher) degree in Accounting or Finance required
• 2-3 years of accounting experience, preferably with royalty accounting exposure (music, consumer products, publishing, etc.)
• Strong understanding of US GAAP and internal controls, with experience and proficiency in researching technical accounting issues
• Experience handling annual audits and working with internal and external audit functions
• Desire to develop and continuously improve processes
• Ability to handle multiple tasks and stringent deadlines within a fast-paced, evolving environment, with the ability to quickly learn new processes, systems, and business models
• Ability to organize and prioritize tasks
• Must have strong analytical skills and strong attention to detail
• Must have excellent communication skills – verbal and written
• Ability to effectively work with multiple departments
• Internally motivated to seek out answers, generate ideas, and develop new skills
• Must be proficient in Microsoft Excel, and experience with ERPs (Oracle) is preferred
• Onsite 5 days a week in Coppell, TX

Fanatics, Inc. is an equal opportunity employer and, as a corporate practice, does not discriminate against any employee or applicant on the basis of race, creed, color, age, sex, sexual orientation, disability, veteran status, national origin, or any other characteristic protected by applicable law.