WilsonHCG

Work Location: Hybrid (Tues, Wed, Thursday in office)

Position Type: Contract, 9 Months

Location: Waterloo, Canada

Compensation Range: $20.00 - $21.00

Our client, a leading Canadian software company, is currently seeking a Senior Royalty Specilaist.

Reporting to the Director of Procurement and Operational Programs, the Royalty Manager has an integral role in delivering excellence in the Royalty process. This role will be responsible for monitoring royalty license agreements, contracts, and processes across the organization to make sure payments are made to vendor partners accurately. This function will include managing Royalty's end-to-end process and ensuring that reports sent to the vendor are accurate and audited regularly. This role will ensure the Royalty team delivers best-in-class royalty processes and practices in collaboration with the 3PT, Engineering, Pricing, DGO and other key stakeholders. He / She will apply their analytical skills, high level of professionalism, experience, reporting and customer service skills to successfully resolve escalations and support proactive, continuous improvement in the Royalty function.

Responsibilities:

• Responsible for making sure all reports sent to the vendor are accurate and consistent with vendor agreement/contract
• Prepare and analyze monthly royalty calculations for reporting, budgets and forecasting as required, identifying any variances, and resolving issues as needed
• Drive month-end close process by using and analyzing SAP reports, creating journal entries, reconciling vendor account balances and preparing accruals
• Collaborate with master data team to make sure all vendor and contract data are captured accurately in compliance with the vendor contract/agreement
• Ensure changes in the contracts are reflected accurately in the royalty report sent to the vendor
• Collaborate with the 3PT team in making sure that all contracts and payments are current and valid respectively
• Maintain the detailed tracking tools and reporting results for royalties while ensuring a consistent and efficient process is followed for each royalty
• Communicate new scenarios or changes to calculations to the team leader and internal royalty partners when applicable
• Develop and maintain relationships with the internal royalty partners and vendors to ensure compliance to contracts and a high level of service
• Coordinate and facilitate vendor audits, maintain and provide supporting documentation for work performed to internal and external audit teams as required.
• Performs moderately complex financial analyses specific to outbound royalty calculations, payments, and royalties.
• Validate royalty payments to comply with vendor agreements
• Follows established department and system workflows to obtain appropriate approvals
• Perform root cause analysis, propose corrective actions, and process improvements
• Collaborate with business units and vendors to settle problems/concerns that may arise
• Assist in merger and acquisition integration activities as required

Qualifications:

• Bachelor’s Degree/College Diploma in finance, economics, accounting, or equivalent experience in the Contract Account Management or Accounts Payable. Ideally, the candidate should be registered in a program leading to an accounting designation or possess relevant experience with interpreting contracts or royalty calculations.
• Intermediate skills in Excel
• Ability to interpret multiple data sources and provide concise explanations to senior leadership, auditors, and business partners
• Requires strong computer proficiency in Excel and SAP (or similar ERP system) 
• Proven attention to details and high level of accuracy
• Ability to work cross functionally to achieve desired results
• Contract interpretation skills an asset 
• Strong reporting and analytics experience
• Strong working knowledge of Accounting principles and P2P/AP processes

All interested applicants who meet the qualifications listed above are invited to submit a resume by clicking "Apply Now".