VP Global Rights and Royalties

Posted 6 November by Pearson UK
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VP Global Rights and Royalties

Description

At Pearson, we’re committed to a world that’s always learning and to our talented team who makes it all possible. From bringing lectures vividly to life to turning textbooks into laptop lessons, we are always re-examining the way people learn best, whether it’s one child in our own backyard or an education community across the globe. We are bold thinkers and standout innovators who motivate each other to explore new frontiers in an environment that supports and inspires us to always be better. By pushing the boundaries of technology — and each other to surpass these boundaries — we create seeds of learning that become the catalyst for the world’s innovations, personal and global, large and small.

Summary

As a key member of the Global Business Services management team, the VP Rights & Royalties is responsible for managing the operational and financial functions related to author royalties and rights on behalf of Pearson Education (PE) and Pearson Assessments worldwide. These functions include: royalties accounting, royalty operations, inclusive of statement preparation and author services, and royalty contracts administration. The VP is responsible for maintaining a secure controls environment, ensuring compliance with Pearson financial policies, managing contractual obligations, and overseeing local legal requirements, including Sarbanes-Oxley requirements. As the global process owner for royalties, the VP ensures continuous improvement of the efficiency of royalties and rights processing and works with the business to set up and accounting for new business models.

The VP of Rights and Royalties is responsible for:

  • Direct management of all aspects of royalty contracts administration, royalty operations, including statement preparation and payments, rights accounting, and author services, royalty accounting, internal and external royalty audits and global sales reporting.

  • Lead and develop key managers for each of the above functions in the US, UK, Canada, and India.

  • Respond to author audits and claims in cooperation with legal and business partners; provides audit support for permissions as well as royalties.

  • Process owner for Sarbanes-Oxley compliance for author royalties.

  • Establish and manage relationships and service standard agreements with internal and external customers.

  • Initiate and manage necessary changes in processes, personnel, technology and policy as related to royalties.

  • Identify productivity and quality improvement measures and establish a corrective course of action to improve service levels.

  • Ensure that statements are rendered in a timely and accurate basis to authors and agents.

  • Ensure that all royalty related accounts are reconciled on a regular basis to the general ledger.

  • Identify excesses or shortages in company royalty accounts and determine corrective action with divisional financial management as required.

  • Ensure compliance with all tax regulations related to reporting for authors.

  • Provide analytical information needed for yearly escheatment filings for unclaimed property.

  • Lead cross-functional and intra-departmental teams to make overall improvements to the business process and systems.

  • Ensure the team has a clear understanding of prioritized objectives and is maximizing systems to the fullest extent. Provide training to the team as needed.

  • Possess working knowledge of the team’s procedures and processes with the ability to perform specific functions of the team.

  • Prepare monthly financial metrics reports of royalty activity.

  • Coordinate monthly reporting package and summary of departmental achievements, objectives and issues.

  • Liaise with legal and portfolio management on new business models such as subscription services to ensure that royalty relevant elements are accounted for in the model.

Qualifications

Required experience

  • 15 years’ experience managing sophisticated royalty and customer operations functions, preferably in a high volume sales, rights and advance transaction environment.

  • Strong financial background with proven ability to anticipate outcomes and analyze the performance of the transactions that affect author accounts.

  • Experience in managing/participating in multifunctional oriented teams.

  • Knowledge of the systems necessary to support an integrated royalty services. environment with flexibility to manage transactions and accounting on multiple systems and general ledgers.

  • Demonstrated track record for accomplishing process, operational and service innovations.

  • Experience in conducting and controlling author audits and in negotiating settlements.

  • Experience with Sarbanes-Oxley process documentation and testing related to author royalty accounting and controls.

  • Undergraduate degree, or Graduate calibre and Qualified by Experience

Essential skills and competencies

  • Excellent written/verbal communication skills. Ability to provide clear and concise information in multiple formats to business unit customers, agents and authors, senior management, and internal and external auditors and consultants

  • Strong management skills with the ability to select and develop key finance management team

  • Customer relationship/negotiation skills

  • Strong technical accounting skills and an understanding of systems integrations and operations

  • Attention to detail and accuracy

  • Good at facilitating problem-solving with customers and colleagues

  • Adept at managing commitments to customers and colleagues

  • Ability to work well under pressure and prioritize to meet deadlines

#LI-POST

Pearson is an Equal Opportunity and Affirmative Action Employer and a member of E-Verify. All qualified applicants, including minorities, women, protected veterans, and individuals with disabilities are encouraged to apply.

Primary Location: US-NJ-Hoboken

Other Locations GB-GB-London

Work Locations: US-NJ-Hoboken-221 River 221 River Street Hoboken 07030

Job: Finance

Organization: Technology & Operations

Employee Status: Regular Employee

Job Type: Standard

Shift: Day Job

Job Posting:</strong

Reference: 38997844

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