Entry Level Royalties Accountant

Coppell, Texas, United StatesOnsiteFull TimeJunior / Entry-levelPosted 2 months agoVisa sponsorship available

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Role summary

Fanatics Collectibles is seeking an Entry Level Royalties Accountant to join their Royalty and Revenue Share Team in Coppell, TX. This role involves preparing royalty and revenue share calculations, accruals, reports, and payments. The accountant will ensure compliance with license agreements, communicate with license partners, and maintain financial controls. Responsibilities include month-end close, balance sheet reconciliations, and assisting with audits. The ideal candidate has a Bachelor's degree in Accounting or Finance, 2-3 years of accounting experience (preferably in royalties), strong US GAAP knowledge, proficiency in Excel, and excellent analytical and communication skills. Experience with ERPs like Oracle is preferred.

About Us

Fanatics is building a leading global digital sports platform. We ignite the passions of global sports fans and maximize the presence and reach for our hundreds of sports partners globally by offering 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 approximately 900 sports properties, including major national and international professional sports leagues, players associations, teams, colleges, college conferences and retail partners, 2,500 athletes and celebrities, and 200 exclusive athletes; and over 2,000 retail locations, including its Lids retail stores. Our more than 22,000 employees are committed to relentlessly enhancing the fan experience and delighting sports fans globally.

About the Team

Fanatics is expanding into the booming trading cards and collectibles business with a new model and vision for the hobby that will fundamentally change the experience for current and future collectors, leagues, and players across many sports.

With trading cards and collectibles being a significant pillar of Fanatics’ long-term plans to become the leading global digital sports platform, Fanatics Collectibles, a subsidiary of Fanatics, was launched in 2021 after securing long-term, exclusive rights to design, manufacture and distribute trading cards for several sports properties, including MLB, MLBPA, NBA, NBPA and NFLPA. Fanatics is the majority owner of Fanatics Collectibles, with leagues, players associations and investors owning the rest.

In January 2022, Fanatics Collectibles announced the acquisition of Topps, the preeminent licensed trading card brand that has serviced collectors, fans, and retailers for more than 70 years. The deal, which included both the Topps physical and digital divisions, established the iconic trading cards company as the cornerstone of Fanatics’ trading cards and collectibles business and jumpstarted its MLB and MLBPA rights to design, manufacture and distribute trading cards, which begin in 2022 versus the original joint start date of 2026.

Fanatics Collectibles is searching for a staff accountant to join our 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.

What you will be doing...

Performing month-end close process including preparation of royalty accruals, estimates and prepaid royalty entries.

Preparing 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

Able to research and respond promptly to all license partner 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

What you will bring...

Bachelor (or higher) degree in Accounting or Finance required

2-3 years of accounting experience, preferably with royalty accounting exposure (music, consumer products, publishing, etc.)

Strong understanding of US GAAP and internal controls, with experience and proficiency in researching technical accounting issues

Experience handling annual audits and working with internal and external audit functions

Desire to develop and continuously improve processes

Ability to handle multiple tasks and stringent deadlines within a fast-paced, evolving environment, with the ability to quickly learn new processes, systems, and business models

Ability to organize and prioritize tasks

Must have strong analytical skills and strong attention to detail

Must have excellent communication skills – verbal and written

Ability to effectively work with multiple departments

Internally motivated to seek out answers, generate ideas, and develop new skills

Must be proficient in Microsoft Excel, and experience with ERPs (Oracle) is preferred

Onsite 5 days a week in Coppell, TX

Equal Employment Opportunity

Fanatics, Inc. is an equal opportunity employer and, as a corporate practice, does not discriminate against any employee or applicant on the basis of race, creed, color, age, sex, sexual orientation, disability, veteran status, national origin, or any other characteristic protected by applicable law.

Ensure your Fanatics job offer is legitimate and don’t fall victim to fraud. Fanatics never seeks payment from job applicants. Feel free to ask your recruiter for a phone call or other type of communication for interview, and ensure your communication is coming from a Fanatics email address (including @collectfanatics.com). For added security, where possible, apply through our company website at www.fanaticsinc.com/careers
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