Credit Collection Analyst

2 weeks ago

New York, United States First Tek, Inc. Full time

POSITION TITLE: Licensing Compliance Consultant

DEPARTMENT: Global Consumer Products Business Operations


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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