About our Team
LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,800 employees worldwide, is part of RELX, a global provider of information based analytics and decision tools for professional and business customers. Our company has been a long time leader in deploying AI and advanced technologies to the legal market to improve productivity and transform the overall business and practice of law, deploying ethical and powerful generative AI solutions with a flexible, multi-model approach that prioritizes using the best model from today’s top model creators for each individual legal use case.
About the Role
The Royalty Accountant, Global Royalties position will maintain relationships with authors, business units and internal departments. Primary duties include: analyze and interpret contracts for royalty terms; ensure that all contract terms and adjustments are accurately entered into the royalty system and/or produced manually via Excel; ensure payments are processed successfully and transmitted to the payee within contractual due date; royalty statements are accurate and distributed timely by reconciling sales data to source systems. The Royalty Accountant will also be responsible for: resolving royalty related queries, reviewing and approving contracts in royalty system, completing special assignments involving research, investigation and resolution of royalty payment issues, as well as functional and technical system support, acting as training and knowledge resource for the department and creating and maintaining process documentation.
Responsibilities
Reconciliation and Month-end
Assemble, format and distribute monthly reports to respective stakeholders. Review the data and apply macros according to standard procedures; review for reasonableness and accuracy.
Account reconciliations per ownership in Blackline. Complete Blackline assigned task timely and accurately. Identify variances and resolved variance issue. Liaise and work with tech team through webstar, for any tech-related issues.
Analyze and interpret contracts for royalty terms before entering them into the royalty system. Review and approve contract terms in royalty system, meeting individual metrics as stated in Key Performance Objectives. Perform manual royalty calculations in accordance with agreements (to include varied and complex escalating royalty and threshold parameters); support new contractual agreements by reviewing terms, to identify any concerns that may impede meeting contractual obligations. Perform (lead as directed) system testing efforts in support of new product releases and/or upgrades; system enhancements; and, migration.
Independently own special project assignments, including researching and resolving royalty payment issues involving complex technical calculations.
Follow up and respond to author queries in a timely manner (either by phone, mail or email). Foster internal relationships with the business. Liaise with internal P2P team members for payment tracking. Liaise with various business units, auditors, and legal,
as necessary.
Assist with completion of all tasks associated with the royalty pay out (monthly, quarterly, and semi-annual). Ensure all adjustments, contracts updates, off-cycle payments, and vendor updates are completed and properly authorized. Research and resolve returned payments/statements, and if necessary, move to the unclaimed property account. Assist with any other miscellaneous project assigned.
Requirements
Studies towards an associates Bachelors Degree required (Accounting or business administration with majors in business Administration, Financial Accounting, Management Accounting and Finance, Taxation and Auditing) or studies towards a CIMA qualification
Accredited traineeship
One - two years’ experience in a customer service, finance, payables or contracts related environment
Excellent verbal and written communication and customer service skills required
Must be able to meet deadlines consistently and effectively while working under pressure
Willingness to work overtime during peak periods
Willingness to work a different time zone, as agreed
Work in a way that works for you
We promote a healthy work/life balance across the organization. We offer an appealing working prospect for our people. With numerous wellbeing initiatives, shared parental leave, study assistance and sabbaticals, we will help you meet your immediate responsibilities and your long-term goals.
Working flexible hours - flexing the times when you work in the day to help you fit everything in and work when you are the most productive
Working for you
We know that your well-being and happiness are key to a long and successful career. These are some of the benefits we are delighted to offer:
Medical Aid
Retirement Plan inclusive of Risk Benefits (Disability, Critical Illness, Life Cover & Funeral Cover)
Modern family benefits, including adoption and surrogacy
Study Leave
About the Business
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services.
LexisNexis, a division of RELX, is an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. We are committed to providing a fair and accessible hiring process. If you have a disability or other need that requires accommodation or adjustment, please let us know by completing our Applicant Request Support Form: https://forms.office.com/r/eVgFxjLmAK , or please contact 1-855-833-5120.
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