Credit and Collections Analyst II

Title: Licensing Compliance Consultant
Company Description: Entertainment studio
Location: New York,NY hybrid
Hourly Range: 36-37/hr

Hourly rate is commensurate with experience and is an estimated range provided by JBC.
 

POSITION TITLE: Licensing Compliance Consultant

DEPARTMENT: Global Consumer Products Business Operations

Principal Responsibilities – Royalty Compliance:

• Review contracts for financial terms and compare them to royalty statements to ensure compliance.
• Trace financials through the contract lifecycle to identify and resolve any discrepancies.
• Provide guidance to internal teams on correcting entry errors preventing statement processing.
• Assist licensees in resubmitting statements with errors preventing processing.
• Troubleshoot access issues for licensees unable to access our system.
• Address inquiries from Finance and offshore royalty reporting teams.
• Complete ad hoc special projects and provide management reporting as required.

Principal Responsibilities – Cash Collections/Compliance:

• Reach out to licensees to collect and resolve open AR balances and royalty compliance issues.
• Maintain collection reason codes for accurate identification of open receivables status.
• Monitor expected cash from licenses to ensure timely receipt.
• Manage internal and external ad-hoc requests related to invoice account balances.
• Act as the point person for all withholding tax certificates, ensuring timely submission to tax authorities.
• Assist cash application team in resolving unapplied payments.
• Provide support to Sales Team and Finance Department as needed.
• Play an active role during month-end close processes.

Skills:

• Strong understanding of General Accounting Principles (royalty accounting knowledge is a plus).
• Ability to trace issues to their root cause and understand their final impact.
• Proficiency in interpreting and understanding contracts.
• Advanced Microsoft Excel skills.
• Excellent written and oral communication skills.
• Effective time management and organizational abilities.
• Proactive mindset with a knack for providing creative solutions to complex problems.
• Detail-oriented with the ability to see the big picture and collaborate on cross-divisional projects.
• Capacity to multitask and manage diverse projects and assignments independently and collaboratively.

Experience/Knowledge:

• 3-5 years of relevant global licensing industry experience.
• Background in operations finance, accounting, and operations management preferred.

Education/Background:

• B.A. or B.S. in Business or Finance.