Staff Accountant, Royalty and Revenue Share

Fanatics is searching for a staff accountant that will be apart of its Fanatics Shared Service Royalty and Revenue Share Team.  This role will include preparing the royalty and revenue share calculation accrual entries and preparing royalty reports.  They will communicate with license partners as well as other internal and external parties, and ensure compliance with Licensor Agreements with royalty and revenue share obligations.  The individual will work cross-departmentally and collaboratively with others on the team.   

Fanatics is the ultimate one-stop sports fan destination that ignites and harnesses the passion of fans and maximizes the presence and reach for preeminent sports partners globally.  The Fanatics family of companies, supported by our Fanatics Accounting Shared Services function, currently includes:  

• Fanatics Commerce, a vertically integrated licensed merchandise business that has changed the way fans purchase their favorite team apparel, jerseys, headwear and hard goods through a tech-infused approach to making and quickly distributing fan gear in today’s 24/7 mobile-first economy.  
• Fanatics Collectibles, a transformative company that is building a new model for the hobby and giving collectors an end-to-end physical and digital collectible experience;  
• Fanatics Betting & Gaming, a mobile betting, gaming, and retail sportsbook platform.   

FHI employees are expected to be on-site 4-days per week. We also offer the unique benefit of allowing employees to temporarily work remotely up to 20 days per year based on business levels. 

 

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 as well as appropriate
• application of the related cash receipts & the accounting for the business’ expenses.
• Thoroughly understand license agreements and monitor to ensure financial contractual obligations are met throughout all business interactions across assigned licensees
• Track licensee guarantee and overage payments
• Manage day-to-day professional working relationships with a assigned licensee partners across multiple product categories, & communicate client/corporate initiatives and strategies as needed provider
• Assist with quarterly and annual audit requests from our external auditors
• Prepare balance sheet reconciliations for Prepaid and Accrued Royalties
• Maintain/recommend a strong financial controls environment and compliance with SOX processes
• Analyze financial data and report financial results back to management

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
• 1- 2  years of accounting experience, preferably with royalty accounting exposure (music, consumer products, publishing, etc.), with at least 3 years spent directly managing others
• Experience in a large scale ERP system, Oracle and D365 is a plus
•  Exceptional attention to detail and proficiency in interpreting contracts
• A motivated self-starter with ability to excel at multi-tasking and staying organized
• Proficient in Microsoft Office Suite, including  Excel (Pivot Tables, VLookups, & other formulae)
• Strong written and oral communication skills
• Internally motivated to seek out answers, generate ideas, and develop new skills