What are the responsibilities and job description for the Accounting Manager, Royalty position at Bioworld Inc?
COMPANY OVERVIEW
Bioworld Merchandising is a leading design and distribution company of licensed and private label apparel, headwear & accessories to all retail channels. We collaborate with some of the most widely recognized brand and retail partners in the world. We are seeking skilled candidates who are excited to join this amazing team!
We Believe in Great Brands: Our goal is to translate the brand story into product that is as innovative and distinctive as the brand itself.
Creative Culture: Our team brings to our brand partners a unique mix of creative product design paired with merchandising expertise. We believe innovation comes from a diversity of creative ideas.
We are the Market: Our team believes in full immersion to gain insight into retail markets, contemporary culture and consumer reaction.
POSITION OVERVIEW
Bioworld is seeking an experienced Accounting Manager to assist with licensing royalties, project management and other reporting/accounting matters. This position reports to the Controller and is an individual contributor.
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JOB DUTIES
Coordinate review and documentation of license agreements (understand terms, rates, and payment structures) with Paralegal and Licensing team.
Review reporting to licensors and compare to contract terms. Analyze sales data, revenue streams, and costs to ensure accuracy in royalty calculations.
Support quarterly royalty reporting to licensors
Ensure all royalty accounting and reporting activities comply with contractual agreements and relevant accounting standards and regulations.
Maintain the royalty database, creating new contract entries, updating rates, and managing contact information.
Prepare royalty, inventory and departmental forecast reports.
Reconcile royalty payments with sales and other financial data to verify accuracy and resolve discrepancies. Collaborate with internal teams (e.g., Legal, Data Analytics) and external partners (e.g., licensees, rights holders) to address inquiries and resolve issues.
Maintain various balance sheet accounts and assist with the preparation of management estimates, as needed.
Support month-end close and financial statement preparation/analysis, as needed.
Partner with Inventory team to accurately account for inventory transactions, strengthen controls and provide required management reporting.
Work with cross-functional teams to examine existing procedures and help improve processes.
Partner with IT as part of team responsible for all software implementation and enhancements.
Support external audits from licensors, bank and external accounting firm.
Participating in quarterly town halls and team meetings presenting or facilitating short topics
Leading accounting initiatives
Mentoring team members
QUALIFICATIONS
Ideal candidate profile:
7-10 years’ work experience in progressive accounting roles in a similar industry or with a company processing royalties (wholesale/distribution/retail or other inventory-based operations).
Audit and/or royalty experience preferred
Demonstrated ability to lead teams and implement process improvements.
Excellent analytical, organizational, communication, and leadership skills.
Performs work with a high degree of accuracy.
Ability to meet deadlines and work well in a fast-paced environment.
Proficiency with ERP systems, Power BI, Microsoft products (Excel, Outlook) and ongoing system enhancements.
The desire to be a part of a creative and dynamic company!
EDUCATION REQUIREMENT
BS/BA with Accounting Major required, CPA or CMA certifications are desirable
BUSINESS HOURS
Occasional extended work hours depending on volume and collaboration with India office.
Salary.com Estimation for Accounting Manager, Royalty in Irving, TX
$150,802 to $182,569
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