Finance Licensing Analyst

Work Setup: Hybrid

Location: Makati, Metro Manila, Philippines

Summary:

The Finance Licensing Analyst plays a critical role for the Global Licensing business through royalty contract compliance, accounting responsibility, and control oversight. This position will focus on efficient and accurate management of all the international royalty activities for the Global Licensing businesses including Balance Sheet and P&L oversight, risk and controls governance, managerial reporting and contract compliance. The role is expected to possess the ability to prioritize and manage multiple areas of responsibilities in a fast-paced, global environment with a high degree of accuracy.

Major Duties/Responsibilities:

Royalty Compliance (30%)

Understand and utilize royalty tracking software to enforce process adherence and compliance among Licensees

Apply knowledge of Licensee agreements to ensure Licensees are reporting royalties in compliance with these terms

Support the audits of Licensees that are conducted by Global Licensing leadership

Ensure currency conversion rates used by Licensees are accurate and comply with their agreement

Collect tax support and withholding documentation from Licensees to support management of tax risk

Collection and tracking of royalty forecasts and payments (40%)

Validate, collect and summarize forecasted royalties accurately on a quarterly basis, providing the summary to the Program Manager in adherence to internal deadlines including explanations of variances

Reconcile all royalty payments to invoices, communicate any variances to the Program manager and follow up with Licensees as directed

Account for all royalty payments, including minimum guarantee and royalty advances, according to GAAP accounting principals

Identify and track late payments, communicating delinquent payments to the THX Finance representative and the Licensing Program manager

Calculate and invoice for late fees as needed

Support the Program manager with next steps in communication of delinquent accounts

International Licensing Accounting & Reporting (20%)

Responsible for reporting and monthly THX FP&A cycles/cadence for Global Licensing

Monthly manage, track and report on complicated minimum guarantee and royalty advances structures

Provide a quarterly report showing the amount due to Hershey from all applicable licensees

Provide a quarterly statement that outlines the revenues collected by country

Support period-end accounting close processes including journal entries, general ledger account reconciliations, and financial reports

Fulfill SOX control requirements as needed

Provide technical accounting and royalty expertise to internal stakeholders

Support of the International Licensing Business (10%)

One-time requests or analyses as needed in support of the International Licensing Business

Minimum Education and Experience Requirements:

Education: Bachelor’s Degree required, in Accounting or related business field with Accounting background

Experience:

At least 2 to 3 years of work experience in accounting, planning, analytical and/or strategic capacity

Experience in licensing/royalties is highly preferred

Strong proficiency in US GAAP reporting, general ledger accounting and financial management reporting processes

Self-starter capable of taking the initiative with minimal direction and demonstrates initiative by working proactively by raising key opportunities and risks/issues to management teams

Ability to prioritize and manage multiple projects/areas of responsibilities in a fast-paced environment under minimal supervision with a high degree of accuracy

Ability to leverage business systems (SAP) and tools (Excel, Word, Powerpoint, etc.) to support business execution and measurement of results

Strong ability to work cross-functionally

Ability to interact and communicate with all levels of employees

Works effectively in a team environment

Knowledge and experience with SAP systems and processes

Proficiency in using PowerBI, Microsoft Excel, and PowerPoint

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