Royalty Accountant – Fruit Industry – Stellenbosch at Agricruitment Limited

About: 

My Client is a leading intellectual property management company operating in the agriculture sector with a major component of the business focusing on the licensing of plant breeder rights. They are seeking a Royalty Accountant to join their financial team as it is a crucial role maintaining accurate licensing and royalty financial records in terms of their intellectual property contractual obligations towards IP owners.

Key Responsibilities:

 Main duties include, but are not limited to:

Financial Oversight: Maintain and ensure that all financial royalty contractual obligations are met.

License Reconciliation: Regularly conduct reconciliations of issued licenses and plantings to ensure all license fees and/or royalties are accurately invoiced and accounted for.

Royalty Reporting: Prepare and reconcile detailed monthly breeder royalty reports, covering all royalties and license fees due to variety IP owners.

Global Reporting: Facilitate accurate and timely submission of royalty/license sales data from all subsidiaries to the parent company.

Audit Facilitation: Facilitate independent audits of plantings, growers’ licensing, exports, royalties, and breeder reports to ensure compliance and accuracy.

Stakeholder Coordination: Liaise with customers, Operations, and Sales teams to coordinate customer audit visits and reconciliations.

Data Reconciliation: Identify and resolve discrepancies between licensing data (including previous invoicing) and actual plantings.

Communication: Communicate reconciliation outcomes to all stakeholders for further action, including providing instructions to the bookkeeper for necessary invoicing and/or issuing credit notes.

Reporting: Report directly to the Group Financial Executive.

Qualifications and experience required:

• Post Matric relevant accounting qualification with completed SAIPA/SAICA articles required.
• Minimum 2 years post articles experience required.

 Competencies:

• Proven MS Office proficiency (particularly Excel) & Pastel Accounting or similar
• Analytical mindset with the ability to analyse financial data, interpret contracts and detect discrepancies and inconsistencies.
• Excellent attention to detail and accuracy
• Organisational skills, proficient in managing multiple tasks and priorities, maintaining orderly records and meeting deadlines.
• Drivers licence
• Fully bilingual in English and Afrikaans.
• Interpersonal skills & friendly disposition
• A team player with high level of dedication
• Excellent customer (internal & external) relationship management skills
• Good problem-solving skills