Logo of Huzzle

Home

Matches

Explore

Manage

Royalty Accounting Specialist (Fixed-Term)

image

Red Hat

Aug 9, 2024

  • Job
    Full-time
    Mid & Senior Level
  • Cork
  • Quick Apply

AI generated summary

  • You need ERP experience (Oracle), Excel proficiency, strong communication skills, attention to detail, analytical problem-solving, good time management, and a business-related qualification.
  • You will track royalty reporting, manage invoicing, compile analytical reports, ensure compliance, support audits, and collaborate with teams to address operational queries and improvements.

Requirements

  • Experience in ERP systems e.g. Oracle
  • Competent in Microsoft Excel – Pivots, V-lookups, etc, and how to interpret results
  • Ability to work on own initiative and Problem Solver with analytical skills
  • Capable of applying judgment to complex contractual arrangements and ad hoc requests
  • Excellent interpersonal skills to establish and maintain positive working relationships: listens and communicates clearly, concisely, confidently, and constructively to ensure mutual understanding.
  • Strong written and verbal communication skills and ability to meet strict deadlines
  • Strong attention to detail is crucial to ensuring accurate financial reporting
  • Ability to prioritize tasks with good time management
  • A team player with a proactive and positive attitude to work
  • Experience with creating reports or dashboards in business intelligence tools such as Tableau is a plus
  • Third-level qualification of a business-related discipline.

Responsibilities

  • A professional individual responsible for monitoring and tracking of reporting-based customers including ISV, CCSP, and other consumption programs
  • Support internal and external customers with financial or operational queries related to existing contracts and programs
  • Actively manage royalty reporter timetables, ensuring reporting is timely, accurate, and within contractual terms – following up on any non-reporting customers appropriately to maximize Revenue for the company
  • Maintain royalty reporting tool for tracking and reporting purposes
  • Compile detailed analytical reports to share information with management on a monthly, quarterly, or ad hoc basis
  • Work collaboratively with our internal teams to problem-solve or escalate issues as necessary
  • Ensure invoicing is executed appropriately for royalty-based customers and ensure balance bills are completed at contract expiration/termination
  • Actively participate in regional departmental meetings and activities
  • Identify and communicate issues and potential improvement areas
  • Ensure compliance with internal controls and processes
  • Ongoing process improvement initiatives and projects on an ad hoc basis both locally and with global teams
  • Compile the RPO of Royalty contracts for inclusion in our Financial Statement Disclosures
  • Analysis in detail of monthly CCSP partners' revenue usage in order to provide the Royalty accrual, MOM
  • Perform a monthly review of the accrual posted against the revenue recognized and act accordingly.
  • Collaborate with the Revenue team to ensure all royalty-related agreements are accounted for in line with current accounting standards
  • Support internal and external audit processes
  • Maintain our ISV/ Non ISV Firm commitments tracker which is updated with each report received counting towards an existing firm revenue commitment. An extensive reconciliation is performed monthly to ensure data is accurate.
  • Co-operate closely with SEAP providing a quarterly report outlining non reporters from all programs and ad hoc queries.

FAQs

Where is the Royalty Accounting Specialist position located?

The position is located in Cork, Ireland.

What is the primary responsibility of a Royalty Accounting Specialist at Red Hat?

The primary responsibility is to support internal and external customers and relevant stakeholders with financial or operational queries related to existing contracts and programs.

What skills are required for this position?

Required skills include experience with ERP systems (e.g., Oracle), proficiency in Microsoft Excel, analytical and problem-solving skills, strong interpersonal and communication skills, attention to detail, and the ability to prioritize tasks.

What type of experience is preferred for applicants?

Experience with creating reports or dashboards in business intelligence tools such as Tableau is a plus, along with a third-level qualification in a business-related discipline.

Will I work with other teams in this role?

Yes, the Royalty Accounting Specialist will work collaboratively with internal teams to problem-solve and escalate issues as necessary.

What is the significance of the reporting responsibilities in this role?

The specialist will actively manage royalty reporter timetables, ensure timely and accurate reporting, and compile detailed analytical reports to share information with management.

Is experience in financial analysis important for this position?

Yes, financial and analytical expertise in transforming data into meaningful information is crucial for this role.

Does Red Hat offer opportunities for process improvement initiatives?

Yes, the role includes ongoing process improvement initiatives and projects on an ad hoc basis.

Are there opportunities for professional development at Red Hat?

Yes, Red Hat encourages associates to bring their best ideas, contribute creatively, and help solve complex problems, which fosters professional development.

How does Red Hat promote diversity and inclusion in the workplace?

Red Hat's culture is built on the open-source principles of transparency, collaboration, and inclusion, striving to empower people from diverse backgrounds and perspectives.

image

Red Hat

The leading provider of enterprise open source solutions.

Technology
Industry
10,001+
Employees
1993
Founded Year

Mission & Purpose

Red Hat is the world’s leading provider of enterprise open source solutions, using a community-powered approach to deliver high-performing Linux, hybrid cloud, edge, and Kubernetes technologies. We hire creative, passionate people who are ready to contribute their ideas, help solve complex problems, and make an impact.