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- Sr Analyst, Royalty Compliance
Description
#WeAreParamount on a mission to unleash the power of content… you in?
We’ve got the brands, we’ve got the stars, we’ve got the power to achieve our mission to entertain the planet – now all we’re missing is… YOU! Becoming a part of Paramount means joining a team of passionate people who not only recognize the power of content but also enjoy a touch of fun and uniqueness. Together, we co-create moments that matter – both for our audiences and our employees – and aim to leave a positive mark on culture.
Overview and Responsibilities
The Licensing Compliance Analyst will play a key role in supporting billing, collections, and royalty processing across European markets. This position manages several tasks. These tasks involve handling overdue invoices. You will reach out to customers. Other tasks include processing tax certificate workflows. You will also balance accounts receivable, allocate payments, and update account statuses. You will also manage write-offs and provide occasional customer training. Ideal candidates have experience in compliance or licensing. They should also have good analytical skills. Proficiency in Excel is required. Candidates must have great organizational and communication abilities.
Responsibilities include but are not limited to:
- Review contracts for financial terms and compare to royalty statements, checking for compliance
- Trace financials through a contract’s life cycle to identify and tackle discrepancies
- Advise internal teams how to correct entry errors that prevent statement processing
- Advise licensees how to resubmit statements that cannot be processed due to errors
- Troubleshoot access issues when licensees are not able to access our system
- Troubleshoot inquiries from Finance and offshore royalty reporting teams
- Complete ad hoc special projects and provide reporting for management as needed
- Reach out to licensees (customers) to collect/resolve unpaid invoice balances and royalty compliance issues
- Maintain collection reason codes to identify status of open receivables properly
- Monitor cash expected from licenses to ensure they are received promptly
- Manage internal/ external ad-hoc requests as they relate to invoice account balances
- Point person for all withholding tax certificates, ensuring they are received and sent to Viacom tax
- Assist cash application team in addressing unapplied payments
- Provide support to Sales Team and Finance Dept. as needed
- Play an active role during month-end close
Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service from Paramount Global, combines live sports, breaking news, and a mountain of entertainment. The premium streaming service features an expansive library of original series, hit shows and popular movies across every genre from world-renowned brands and production studios, including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures and the Smithsonian Channel. The service is also the streaming home to unmatched sports programming, including every CBS Sports event, from golf to football to basketball and more, plus exclusive streaming rights for major sports properties, including some of the world’s biggest and most popular soccer leagues. Paramount+ also enables subscribers to stream local CBS stations live across the U.S. in addition to the ability to stream Paramount Streaming’s other live channels: CBSN for 24/7 news, CBS Sports HQ for sports news and analysis, and ET Live for entertainment coverage.
ADDITIONAL INFORMATION
Hiring Salary Range: $56,000.00 - 80,000.00.
The hiring salary range for this position applies to New York, California, Colorado, Washington state, and most other geographies. Starting pay for the successful applicant depends on a variety of job-related factors, including but not limited to geographic location, market demands, experience, training, and education. The benefits available for this position include medical, dental, vision, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and PTO or, if applicable, as otherwise dictated by the appropriate Collective Bargaining Agreement.
What We Offer:
Attractive compensation and comprehensive benefits packages. Check out our full list of benefits here:https://www.paramount.com/careers/benefits
Generous paid time off.
An exciting and fulfilling opportunity to be part of one of Paramount’s most dynamic teams.
Opportunities for both on-site and virtual engagement events.
Unique opportunities to make meaningful connections and build a vibrant community, both inside and outside the workplace.
Explore life at Paramount: https://www.paramount.com/careers/life-at-paramount
Paramount is an equal opportunity employer (EOE) including disability/vet.
Requirements
Basic Qualifications
- 2+ years of experience in accounts receivable or accounting required
- Global licensing industry work experience
- B.A., B.S. in Business or Finance
Additional Qualifications:
- Strong knowledge of General Accounting Principles (royalty accounting is a plus)
- Strong ability to trace an issue to find its root cause and final impact
- Strong ability to understand and interpret contracts
- Strong Microsoft Excel skills
- Strong written and oral communication skills
- Robust time management and organizational skills
- Initiative-taking mindset with ability to provide creative solutions to complex problems
- Detail-oriented with the ability to consider the big picture and work on cross-divisional projects with many stakeholders
- Ability to multitask and manage diverse projects and assignments
- Ability to work autonomously and collaboratively (i.e., leader as well as team player)