General Position Summary:
This position will perform administrative, reporting and accounting support functions for royalty activities at Hat World, Inc dba Lids. This position will assist the Lids business owners and external partners with topics and organization as it relates to royalty functions.
Principle Duties and Responsibilities:
· Assist in contract administration and organization.
· Assist in data entry of royalty journal entries and activities.
· Validation of reliability of royalty reporting back to ERP system
· Prepare monthly, quarterly, and annual reporting and remittance to royalty partnerships.
· Compile and process royalty payment packages for submission to Accounts Payable
· Maintain Royalty Matrix master data.
· Review royalty relationships for adherence to important benchmarks and timelines.
· Review contracts and agreements to ensure compliance to terms/conditions in all calculations.
· Interpret contract data to equate to royalty prepaids, accruals, and reporting.
· Create and maintain standard monthly management reports to support month end close.
· Correspondence with licensors and Lids business partners to ensure integrity in royalty relationships, reporting, and to resolve royalty discrepancies.
· Various non-routine assignments and ad-hoc reports related to royalty activities.
Job Required Knowledge, Skills, and Education:
· Task-oriented
· Highly organized
· Strong mathematical and analytical skills
· Ability to process substantial amounts of data with attention to diligence.
· Strong Excel skills
· Excellent professional written and verbal communications skills
· Prioritization and time management to balance multiple projects efficiently and on time.
Education:
· Bachelor’s degree or related field equivalent experience
In Order to be Successful in this Role:
· Desired prior work environment experience (fast paced), audit/public accounting, proficiency in processes, positive mindset, proven work ethic, excellent communicator, and adeptness in Excel.
Physical/ Travel Requirements:
· To perform the essential functions of this job, an employee must be able to meet the following physical demands: While performing the duties of this job, the employee is frequently required to sit; talk; or hear. Occasionally, the employee will be required to stand; walk; use hands to finger; handle; or feel; reach with hands and arms; and stoop; kneel; or crouch. The employee must occasionally lift and/or move up to fifty pounds. Specific vision abilities required by this job include close vision, distance vision and depth perception.
· This position does not require external travel.
Reports to:
· Senior Accounting Manager
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. LIDS Sports Group maintains the right to modify all or part of any job description at its discretion to meet and or exceed the needs of the business.
