Royalty Accountant
Indianapolis, IN, US, 46278
About Our Company
Lids 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 Summary
This 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 Responsibilities
- Set up, compile and process data for royalty reporting accurately and timely
- Validation of integrity of royalty reports to ERP system
- Prepare royalty cash forecasts for Treasury
- Prepare royalty expense forecasts for FP&A
- Prepare and file monthly and quarterly royalty reports
- Compile and process royalty payment packages
- Calculate and post prepaid royalty amortization, and accruals for monthly close
- Review royalty relationships for adherence to important benchmarks and timelines
Additional Principal Duties and Responsibilities
- Review contracts and agreements to ensure compliance to terms/conditions in all calculations
- Maintain detailed master contract data
- Create and maintain standard monthly management reports
- Correspondence with licensors and Lids brand teams to resolve royalty discrepancies
- Various non-routine assignments and ad-hoc reports related to royalty activities
Job Required Knowledge & Skills
- Bachelor's Degree in Accounting, Finance, Business, or related field
- Solid math skills and the ability to think in an analytical manner
- Ability to process large amounts of data with high attention to detail
- Exceptional Excel skills
- Excellent written and verbal communications skills
- Prioritization and time management to balance multiple projects efficiently and on time
- Professional communication with culturally diverse clients, providers, and staff
- Strong teamwork mindset
Preferred Job Required Knowledge & Skills
- Professional experience ideally with accounting responsibilities
- Experience with Microsoft D365 a plus
Reports To
Accounting Manager
#LI-MA1
EEO Statement:
Hat World, Inc., Lids Holdings, Inc., dba Lids and subsidiaries is an Equal Opportunity Employer and is committed to complying with all federal, state, and local EEO laws. Hat World, Inc., prohibits discrimination against employees and applicants for employment based on the individual's race or color, religion or creed, national origin, alienage or citizenship status, marital status, sex, pregnancy status, age, military status, disability, or any other protected characteristic or class protected by law. Hat World, Inc. provides reasonable accommodation for disabilities in accordance with applicable laws.
Notice to Applicants:
In connection with your application, we collect information that identifies, reasonably relates to or describes you (“Personal Information”). The categories of Personal Information that we collect include your name, government issued identification number(s), email address, mailing address, other contact information, emergency contact information, employment history, educational history, criminal record, and demographic information. We collect and use those categories of Personal Information about you for human resources and other business management purposes, including identifying and evaluating you as a candidate for potential or future employment or future contract positions, recordkeeping in relation to recruiting and hiring, conducting criminal background checks as permitted by law, conducting analytics, and ensuring compliance with applicable legal requirements and Company policies.
Need accessibility assistance to apply?
Applicants who require accessibility assistance to submit an employment application, please email us at onboardingsupport@lids.com. A member of our Talent team will respond as soon as reasonably possible. This email address and is only for individuals seeking accommodation when applying for a career at Lids.
Req ID: 18402
Location: Corporate Office
Nearest Major Market: Indianapolis