Senior Finance Analyst - Royalty Accruals
- Brentford, England (GBR)
- Negotiable
- 9 Months
- Start date: ASAP
- Ref: GSK0JP00077718
- financial reporting
- Sarbanes Oxley
- balance sheet
- internal compliance
- finance
- accounts
- accounting
- payments
- process improvement
- licensing
- patents
- settlements
The Global Alliances and Licensing team manage the Royalty clauses of circa 200 in and out Licensing agreements.
The Senior Finance Analyst’s key responsibilities are to:
• Coordinate and consolidate month end and quarter end Licensing finance activities including:
o Ensuring accurate royalty accruals
o Balance sheet reconciliations for licensing related accounts
o Quarterly worldwide intangibles report
o Meaningful variance analysis on significant movements.
• Assist with the consolidation, analysis and internal reporting of Royalties.
• Manage own portfolio of agreements e.g. accruals, payments and respond to any ad-hoc queries.
• Responsible for compliance of contractual financial reporting to 3rd parties.
• Coordinate and finalise the quarterly settlements with the third party.
• Assist with and review Licensing team’s calculation of external royalty payments.
• Monitor and control royalties’ receivables, with input from the Licensing team.
• Drive process improvements and standardisation, with support from the Licensing team.
• Ensure processes operate effectively, maintain quality and accuracy of all financial processes and ensure analysis meets requirements. Ensure compliance with Licensing Sarbox controls.
• Key contact in Licensing team for Deloitte and 3rd party Audits on royalties.
• Work with Licensing FD and FM to help drive third party audits instigated by GSK.
• Prepare, coordinate and communicate annual Budget royalty rates.
• Support FM with the review of draft Licensing agreements to ensure pre-execution compliance ability.
• Review and agree correct accounting treatment on new Licensing agreements.
• Ensure GSK standard terms and conditions have been applied in new agreements and consistency of terms, conditions and definitions across the existing contracts, with a view to developing summaries in conjunction with Legal and Patents.
• Develop business partnerships with key contacts in Legal, Patents, Finance, the Business and Franchise teams.
• Maintain relevant process documentation to meet Sarbanes-Oxley requirements.
All profiles will be reviewed against the required skills and experience. Due to the high number of applications we will only be able to respond to successful applicants in the first instance. We thank you for your interest and the time taken to apply!
