Staff Accountant – Royalty Accounting

Overview

• Contribute to the financial operations of a leading organization as a Staff Accountant specializing in royalty accounting.
• Collaborate with cross-functional teams to ensure accurate royalty calculations and compliance with licensing agreements.
• Develop expertise in royalty accounting processes, including reconciliation, reporting, and contract analysis.
• Support month-end, quarter-end, and year-end close activities related to royalty accounting.
• Engage in process improvement initiatives to enhance efficiency and strengthen internal controls.
• Participate in external audits by preparing schedules and providing necessary documentation.
• Gain valuable experience in licensing agreements and financial reporting within a dynamic industry environment.
• Work in a collaborative office-based environment, contributing to organizational success.

Key Responsibilities & Duties

• Prepare monthly and quarterly royalty calculations in compliance with licensing agreements.
• Reconcile royalty-related accounts, investigating discrepancies and variances.
• Generate royalty statements and ensure timely processing of payments to licensors.
• Review and monitor contract provisions, including royalty rates and reporting requirements.
• Maintain documentation supporting royalty calculations and accounting conclusions.
• Collaborate with teams to address royalty reporting and contract-related inquiries.
• Support external audits by preparing schedules and providing requested documentation.
• Identify opportunities for process improvements and implement internal control enhancements.
• Assist with ad hoc analyses and special projects as needed.

Job Requirements

• Bachelor's degree in Accounting or Finance is required.
• 2–4 years of accounting experience in an industry setting preferred.
• Proficiency in Microsoft Excel, including pivot tables and lookup functions.
• Understanding of accounting principles and month-end close processes.
• Experience with royalty accounting, licensing agreements, or accrual accounting is advantageous.
• Familiarity with ERP systems such as SAP, Oracle, or NetSuite is preferred.
• Knowledge of licensing-based industries, including apparel or consumer products.
• Strong analytical, organizational, and problem-solving skills are essential.
• Effective written and verbal communication skills are required.