Job Title:
Accountant - Royalties

Company: Lids

Location: indianapolis, IN

Created: 2024-05-18

Job Type: Full Time

Job Description:

About Our CompanyLids Sports Group is the largest licensed sports retailer in North America, selling fan and fashion-oriented headwear and apparel across the US, Canada, Mexico, Europe, and Australia. Operating out of Indianapolis, IN, our retail stores offer officially licensed headwear and apparel from collegiate and professional sports teams, plus top brands like Nike, New Era, Adidas, and Mitchell & Ness.We currently operate 1,200+ locations domestically and 50+ internationally, including specialty concept stores for the NBA, NHL, Paris Saint-Germain, and numerous MLB teams. In recent years, Lids has built partnerships with iconic global brands including Marvel, Playboy, and the Harlem Globetrotters, and gained ambassadors like Justin Jefferson, Quavo, and Josephine Skriver - creating a community for both sports fans and fashion lovers.The company is currently expanding with the goal of becoming the largest licensed brick-and-mortar sports retailer across the globe.General Position SummaryThis position will take the lead on processing the full cycle of royalty accounting for Lids Sports Group and all subsidiaries for all licensee relationships. This individual will work with several departments within the Lids Group as well as with appointed persons from the licensee organizations. Lids is currently in a growth mode and this position will provide the right candidate a chance to get into a fast-growing department with eventual prospect of upward mobility.Principle Duties and ResponsibilitiesSet up, compile and process data for royalty reporting accurately and timelyValidation of integrity of royalty reports to ERP systemPrepare royalty cash forecasts for TreasuryPrepare royalty expense forecasts for FP&APrepare and file monthly and quarterly royalty reportsCompile and process royalty payment packagesCalculate and post prepaid royalty amortization, and accruals for monthly closeReview royalty relationships for adherence to important benchmarks and timelinesAdditional Principal Duties and ResponsibilitiesReview contracts and agreements to ensure compliance to termsconditions in all calculationsMaintain detailed master contract dataCreate and maintain standard monthly management reportsCorrespondence with licensors and Lids brand teams to resolve royalty discrepanciesVarious non-routine assignments and ad-hoc reports related to royalty activitiesJob Required Knowledge & SkillsBachelor's Degree in Accounting, Finance, Business, or related fieldSolid math skills and the ability to think in an analytical mannerAbility to process large amounts of data with high attention to detailExceptional Excel skillsExcellent written and verbal communications skillsPrioritization and time management to balance multiple projects efficiently and on timeProfessional communication with culturally diverse clients, providers, and staffStrong teamwork mindsetPreferred Job Required Knowledge & SkillsProfessional experience ideally with accounting responsibilitiesExperience with Microsoft D365 a plusBenefits, Perks & More! Comprehensive benefits eligibility starting on first day of employment401K with company matchGenerous PTOBonus eligibility40% employee discountCasual dress codePositive company culture centered around our core values of Leadership, Integrity, Dedication, & ServiceCareer growth opportunitiesReports ToAccounting Manager