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Financial Analyst - Royalties

Company: New Era Cap Company
Location: Buffalo
Posted on: November 26, 2022

Job Description:

This role is responsible for the calculation and analysis of royalties to be paid to New Era's licensors. Reports all required information to the licensors on a monthly or quarterly basis as established by the licensors. Communicates royalty information to internal stakeholders as needed. Supports Royalty Manager with royalty audits, monthly financial reviews, and overall financial audits. Responsibilities

  • Meet weekly/monthly reporting deadlines including in-depth variance analysis & royalty reporting according to New Era and Licensors requirements.
  • Cross collaboration with other departments in both the establishment of valuable reporting and in analyzing and understanding results.
  • Work closely with Legal, FP&A, and Corporate Finance/Accounting peers in addition to external auditors, international New Era Regions, and Licensors
  • Participate in the preparation of annual, mid-year, and quarterly forecasts as well as tracking contracts & Licenses.
  • Tracking minimum guarantee achievement - Risk/compliance
  • Set up and maintain accurate contractual information within the royalty systems
  • Actively identify process improvement opportunities.
  • Interpret contractual clauses related to the royalty obligation, including understanding the legal definitions of terms used within the contracts or related documents
  • Classify and categorize products within different brands.
  • Acquire information, prepare analysis and provide general assistance in licensor and audits.
  • Serve as Point of Contact for various internal and external inquiries related to assigned contracts/Licenses.
  • Keeps all sensitive matters confidential.
  • Performs other related duties, as required.
    Knowledge, Skills, and Abilities
  • Strong attention to detail and accuracy.
  • Self-starter with a passion for continuous improvement.
  • Ability to interpret data and communicate appropriately to leadership.
  • Ability to work cross-functionally effectively, build and maintain positive relationships and provide guidance to internal partners to achieve a business result.
  • Must be comfortable working both independently as well as in teams and across organizations/functions.
  • Ability to work in a multi-faceted, fast-paced environment with regularly shifting priorities.
  • Excellent verbal and written communication skills.
  • Organizational awareness and the ability to summarize analysis to various management levels.
  • Enthusiastic, positive person who embraces work with a sense of urgency and persistence. Education and Experience
  • Bachelor's Degree in Accounting, Finance, Business Administration, or another related field; Relevant job experience in lieu of degree will be considered.
  • Three (3) to Five (5) years of experience within financial reporting or accounting systems
  • Prior experience reading & interpreting contracts preferred.
  • Prior experience with ERP (Enterprise Resource Planning) systems - SAP preferredTravel Requirement
  • Negligible to none (0% to 5%)

Keywords: New Era Cap Company, Buffalo , Financial Analyst - Royalties, Professions , Buffalo, New York

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