Job Description:
Fanatics is building a leading global digital sports platform. The company ignites the passions of global sports fans and maximizes the presence and reach for hundreds of sports partners globally by offering innovative products and services across Fanatics Commerce, Fanatics Collectibles, and Fanatics Betting & Gaming, allowing sports fans to Buy, Collect and Bet. Through the Fanatics platform, sports fans can buy licensed fan gear, jerseys, lifestyle and streetwear products, headwear, and hardgoods; collect physical and digital trading cards, sports memorabilia, and other digital assets; and bet as the company builds its Sportsbook and iGaming platform. Fanatics has an established database of over 100 million global sports fans, a global partner network with over 900 sports properties, including major national and international professional sports leagues, teams, players associations, athletes, celebrities, colleges, and college conferences, and over 2,000 retail locations, including its Lids retail business stores. As a market leader with more than 18,000 employees, and hundreds of partners, suppliers, and vendors worldwide, we take responsibility for driving toward more ethical and sustainable practices. We are committed to building an inclusive Fanatics community, reflecting and representing society at every level of the business, including our employees, vendors, partners and fans. Fanatics is also dedicated to making a positive impact in the communities where we all live, work, and play through strategic philanthropic initiatives. Fanatics is searching for a staff accountant that will be part of its Collectibles Royalty and Revenue Share Team. This role will include preparing royalty and revenue share calculation accrual entries, royalty reports and royalty payments. They will communicate with license partners as well as other internal and external parties, ensure compliance with Licensor Agreements with royalty and revenue share obligations. The individual will work cross-departmentally and collaboratively with others on the team.
Core Responsibilities:- Performs month-end close process including preparation of royalty accruals, estimates and prepaid royalty entries.
- Prepare licensee partners royalty reporting, reviewing for completeness, accuracy, and compliance with license agreement requirements
- Thoroughly understand license agreements and monitor to ensure financial contractual obligations are met throughout all business interactions across assigned licensees
- Track licensee guarantees, excess royalty payments, and determine royalty shortfall amounts, if applicable
- Assist with quarterly and annual audit requests from external auditors
- Prepare balance sheet reconciliations for Prepaid and Accrued Royalties
- Maintain/recommend a strong financial controls environment and compliance with SOX processes
- Customer Service / Collaboration:
- Able to research and respond promptly to all licensee and colleague inquiries and requests with accuracy and professionalism
- Positively impact the speed and ease for licensees to conduct business with the company
- Ability to effectively communicate with clients, licensees, and colleagues, including complex royalty accounting issues, errors, or opportunities for improvement
Required Skills and Abilities:
Bachelor's degree in accounting or finance required 2-3 years of accounting experience, preferably with royalty accounting exposure (music, consumer products, publishing, etc. Experience in a large-scale ERP system, Oracle and D365 is a plusExceptional attention to detailStrong written and oral communication skillsInternally motivated to seek out answers, generate ideas, and develop new skills A self-starter with ability to excel at multi-tasking and staying organized Proficient in Microsoft Office Suite, including Excel (Pivot Tables, VLookups, & other formulas) Experience in a large-scale ERP system, Oracle and D365 is a plus
