Job Summary

Zimmer Biomet is a world leader in musculoskeletal health solutions. Our team members are part of a company with a heritage of leadership, a focus on shaping the future, and a mission dedicated to alleviating pain and improving the quality of life for people around the world.

The Senior Analyst – Royalties position is responsible for all accounting and analysis activities related to third party royalties. This role involves a significant amount of cross-functional collaboration with multiple stakeholders such as Business Development, Legal, Finance, Accounts Payable and even third party developers and surgeons.

Principal Duties and Responsibilities

• Prepares the annual budget for the royalty rate by market and brand


• Works closely with the legal department, finance owners, and project management teams on new commercialized projects, projections, budget, and any legal disputes


• Updates the royalty system for any new commercialized projects, calculates any back royalties, and determines proper rate to accrue going forward


• Calculates the quarterly royalty payments


• Business partner with developers and Accounts Payable for changes in payment method, changes in addresses, statement requests, payment questions, etc.


• Maintains the royalty system for any required updates for developers, contract expirations, etc.


• Reconciles general ledger balances on a monthly basis and ensures that all payments were submitted properly in the ERP system


• Prepares monthly royalty accrual journal entries and supplemental files


• Assists with various audit and compliance engagements

This is not an exhaustive list of duties or functions and might not necessarily comprise all of the essential functions for purposes of the Americans with Disabilities Act.

Expected Areas of Competence

• Ability to work independently and as a team member


• Aptitude for analyzing large amounts of data (potential prior experience with Alteryx or similar tools)


• Highly motivated, self-starter that is willing to meet strict deadlines and time constraints


• Highly organized with the ability to effectively multitask


• Effective communication skills, both written and verbal


• Strong accounting background and understanding of Generally Accepted Accounting Principles


• Excellent financial analysis skills


• Strong PC skills with an intermediate to advanced knowledge of Microsoft Excel, and JD Edwards

Education/Experience Requirements

• Bachelor’s degree in Accounting with minimum of 5 years of experience in a general or cost accounting role.


• Public accounting experience or a CPA designation would be beneficial.

Travel Requirements

Up to 5%

Additional Information

At Zimmer Biomet, we believe in The Power of Us, which means that we are stronger together. We are committed to creating an environment where every team member feels included, respected, empowered, and celebrated.

As a Zimmer Biomet team member, you will share in our commitment to providing mobility and renewed life to people around the world. This is why we offer you a competitive rewards package that includes medical, dental, vision, life and disability insurance, wellness incentives, employee assistance programs as well as paid time off for vacation and holidays.

EOE/M/F/Vet/Disability