Credit and Collections Analyst II

4 weeks ago

New York, United States eTeam Full time
Position Title: Licensing Compliance Consultant

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

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

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

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