Staff Accountant - Royalties & Revenue Share

Company Overview

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.

THE OPPORTUNITY

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 plus
• Exceptional attention to detail 
• Strong written and oral communication skills
• Internally 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

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. 

Fanatics Collectibles is a new model and vision for the hobby, fundamentally changing the experience for current and future collectors, leagues, and players across many U.S. and international professional and college sports. The organization has long-term, exclusive rights to design, manufacture and distribute trading cards for several sports and entertainment properties, including MLB, MLBPA, the Premier League, MLS, UFC, Formula 1 as well as Disney, Marvel, Pixar, and Star Wars, among others. In January 2022, Fanatics Collectibles announced the acquisition of Topps, establishing the preeminent licensed trading card brand as the cornerstone of Fanatics’ trading cards and collectibles business, and jumpstarted its MLB and MLBPA rights to design, manufacture and distribute trading cards