Financial Analyst, Royalties
4 months ago
**What will you work on?**
The Financial Analyst, Royalties will report to the Senior Manager, Global Royalty Management and will be responsible for the financial accounting of royalties. This role will analyze sales transactions and calculate the applicable royalty payable due on the sale of licensed products while working closely with various stakeholder groups including the Licensing, Inventor Relations, Legal, Brand and Finance teams.
**How will you create impact?**
- Prepare Quarterly Royalty Statements to comply with vendor agreements
- Work with Brand teams to identify the Licensors/Contracts applicable to each new product
- Track and record royalties including sales and payments according to agreements
- Ensure that all applicable taxes relating to royalties are calculated, recorded and paid on a timely basis
- Calculating and recording monthly royalty accruals
- Assist with the audit process including responding to audit inquiries, preparation of requested documents and supporting the testing of internal controls
- Improve and automate workbooks to enhance accuracy of royalty statements
- Identify opportunities for process improvement and risk mitigation including automation, system enhancements and best practices
- Support a robust control environment ensuring compliance with regulatory requirements and company policies and supporting audits thereof
**What are your skills and experience?**
- Proficient in MS Office programs, especially excel (pivot tables, v-lookups, advanced formulas) and SAP
- Detail-oriented mindset with a focus on accuracy, compliance, and continuous improvement
**Benefits**:
- Dental care
- Extended health care
- Paid time off
Flexible language requirement:
- French not required
Schedule:
- Monday to Friday
Work Location: Hybrid remote in Toronto, ON M5V 3M2
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