Royalties Accounting And Payments
Candidate will be responsible for royalties accounting and payments. This role involves a significant amount of cross-functional collaboration with multiple stakeholders such as Business Development, Legal, Finance, Accounts Payable as well as third party developers and surgeons.
How You'll Create Impact
- Work closely with the legal department, finance business partners, and project management teams on all royalty related matters.
- Coordinate the monthly process to gather sales and deductions information required for royalty calculations.
- Estimate and post monthly royalty accrual.
- Manage the quarterly payment of royalties and coordinate the sending of quarterly royalty statements to the developers.
- Work with auditors and Legal department on all royalty audits.
- Update the royalty system for any new commercialized projects, including setting up new royalty contracts.
- Partner with developers and Accounts Payable for changes in payment method, changes in addresses, statement requests, payment questions, etc.
- Maintain the royalty system for any required updates for developers, contract expirations, etc.
- Engage with M&A / integration team on new acquisitions to understand and transition all royalty contracts and activity.
This is not an exhaustive list of duties or functions and might not necessarily comprise all of the essential functions for purposes of the Americans with Disabilities Act.
What Makes You Stand Out
Ability to work independently and as a team memberAptitude for analyzing large amounts of dataHighly motivated, self-starter that is willing to meet strict deadlines and time constraintsHighly organized with the ability to effectively multitaskEffective communication skills, both written and verbalStrong accounting background and understanding of Generally Accepted Accounting PrinciplesExcellent financial analysis skillsStrong computer skills with an intermediate to advanced knowledge of Microsoft ExcelEducation and Experience
Bachelor's degree in Accounting or related field and with minimum of 5 years of experience in a general accounting role.Public accounting experience or a CPA license preferred.Travel Expectations
Up to 10%Physical Requirements