Education
Royalties Manager
Macmillan Learning
Full-time, Mid-Senior Level
Remote: No
Company Description
OUR MISSION
Inspiring what’s possible for every learner.
Every great company has a culture that makes it unique; a compelling sense of purpose that drives people to show up to work each day. For Macmillan Learning, that purpose is to inspire what’s possible for every learner. We are energized by that mission and by our role as a positive force in education. We know that what we do makes a difference and we work everyday to unlock the potential of every learner, actively participating in each one’s educational life with our course materials and digital tools. As a privately-held, family-owned company, we provide our employees with the freedom to focus on what’s most important: the students.
Job Description
Macmillan Learning is looking for an experienced Royalties Manager responsible for the management, preparation, analysis, review and issuance of accurate and timely royalty statements to authors, agents, and other rights holders. This is an opportunity to contribute and have a significant impact to the implementation of a new Intellectual Property Rights & Royalties system; ML is currently going through the migration & testing phase of the project with a third party solution provider. After go-live, responsibilities will include the review and application of contract terms into advance and royalty payments, managing payment requests, extraction and interface of data relevant to the royalty and support systems, and preparation of royalty calculations support and analysis. This position will manage the overall royalties process for Macmillan Learning, and will interact with various departments in the organization as well as external agents and authors.
Studies have shown that women and people of color are less likely to apply for jobs unless they believe they can perform every job description task. We strongly encourage and welcome applications from individuals of all backgrounds, including women and people of color, to apply for this role. We're eager to meet people that believe in our mission and can contribute to our team in a variety of ways - not just candidates who check all the boxes. We believe in fostering a diverse and inclusive workplace, and we recognize that unique perspectives and experiences contribute to the strength of our team. If you are interested in applying, we encourage you to think broadly about your background and skill set for the role. We value your potential, and we are committed to providing a supportive and inclusive environment where all individuals can thrive and contribute their best.
Responsibilities include, but are not limited to:
- Prepare timely royalty statements and related activity files.
- Review contracts and payee setup in the royalty system.
- Review and analyze sales data prior to interfacing to the royalty system.
- Post expenses/fees/deductions/chargebacks to the royalty system.
- Complete initial and subsequent reviews of royalty statements to ensure accuracy.
- Distribute statements to editorial teams and business units for review.
- Calculate and record reserves for returns in accordance with contract terms and company policies.
- Prepare manual adjustments and statements when required.
- Interact with business units and other departments to resolve issues.
- Process new contracts and amendments on a regular basis. Review, code and approve all advance and payment requests.
- Comply with US and foreign tax withholdings as well as reporting and filing requirements related to advances, royalty, and subrights payments.
- Handle statement recipients’ inquiries and requests.
- Prepare ad hoc reports/analyses as needed.
Job Qualifications
Required qualifications:
- Bachelor's Degree.
- 5+ years experience with royalty contracts, statement preparation, and accounting.
- Demonstrated history being detail-oriented, analytical, and exercising good judgment.
- Experience communicating complex financial information verbally and in writing to diverse audiences.
- Proficient with Microsoft Excel, databases and system queries.
- Experience applying excellent organizational skills.
- Experience effectively managing change, delays, and unexpected events.
- Demonstrated focus on problem resolution.
- Experience applying ability to manage high volumes of data, meet deadlines, and multi-task.
- Experience meeting challenges with resourcefulness.
- Motivated and disciplined with high personal and professional standards of integrity and ethics.
Preferred qualifications:
- Experience in publishing or education software industries.
- Proficiency with Vista and/or Fadel’s IPM royalty platforms.
- Bachelor’s degree in Accounting/Finance.