ROYALTY MANAGER

Company: MGA Entertainment
Location: Los Angeles
Posted on: October 30, 2024

Job Description:

CA EMPLOYEE PRIVACY RIGHTS: https://www.mgae.com/ca-employee-privacy-rights

MGA Entertainment is one of the largest and fastest growing privately held toy and entertainment companies in the world. Headquartered in Los Angeles, and with offices globally, the company creates innovative, proprietary, and licensed consumer products and entertainment properties, including toys, games, dolls, apparel, consumer electronics, home d--cor, stationery, sporting goods, movies, and television series. The MGA family includes award-winning brands such as L.O.L. Surprise!---, Little Tikes -, Rainbow High---, Shadow High---, Bratz -, MGA's Miniverse---, Fluffie Stuffiez--- , Na! Na! Na! Surprise---, Micro Games of America---, Baby born - Surprise and Zapf Creation -. For more information, please visit us at www.mgae.com or check us out at LinkedIn, Twitter, Instagram and Facebook.

Mission:
To supervise the Royalty Accounting team, ensuring accurate and timely accounting activities related to licensee billing, cash collections, and royalty revenue recording.

Key Result Areas

Time Utilization

• Supervise Royalty Analysts and ensure appropriate accounting activities are performed - 20%
• Prepare Licensor quarterly royalty statements and ensure accuracy of reports and payments - 25%
• Assist management with Royalty forecast, budget analysis, and ad hoc reports - 25%
• Support month-end close activities, including journal entries and account reconciliations - 20%
• Ensure adherence to internal controls and procedures in the Royalty Accounting department - 10%
  TOTAL TIME UTILIZATION
  
  Position Requirements
  
  Education/Experience:
  

• Bachelor's degree with an emphasis in Accounting, Finance, or a related business field required
• 6-10 years experience in Royalty or Participations accounting, including 3-5 years in a managerial role Skills/Knowledge/Ability:
  • Familiarity with basic merchandise and promotional licensing contracts, including key terminology and finance-related terms
  • Ability to work independently, handle multiple assignments, and meet deadlines
  • Strong written and verbal communication skills for interaction with licensees, licensing agents, and internal personnel
  • Proficiency in Microsoft Word, Excel, and experience with Royalty Systems preferred
  • Some proficiency with Excel macros, VBA applications, and report/form design is a plus Authority:
    • Reports to Director of Licensing Operations Key Result Areas and Activities
      • Assist in establishing and maintaining internal controls and procedures to protect company assets
      • Prepare and submit Licensor royalty reporting and payment obligations per contract terms
      • Ensure Licensees adhere to royalty reporting and payment obligations, coordinating with sales, operations, and legal departments as needed
      • Maintain organized accounting records, including licensee contracts, statements, payments, and correspondence
      • Support month-end close activities and assist with financial analysis and forecasting
      • Assisting in all accounting functions (including accruals, revenue recognition, reconciliations, account analysis, etc.)
      • Assisting in the collection of cash
      • Other duties as assigned
        Salary:
        
        $70,000.00 - $95,000.00 /year

Keywords: MGA Entertainment, Long Beach , ROYALTY MANAGER, Executive , Los Angeles, California