GS Finance Revenue/Royalty Analyst

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at jnj.com.

As guided by Our Credo, Johnson & Johnson is responsible to our employees who work with us throughout the world. We provide an inclusive work environment where each person is considered as an individual. At Johnson & Johnson, we respect the diversity and dignity of our employees and recognize their merit.

Job Function:

Finance

Job Sub Function:

Accounting

Job Category:

Professional

All Job Posting Locations:

Bogotá, Distrito Capital, Colombia

Job Description:

At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That's why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world's largest and most broadly-based healthcare company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere.

Every day, our more than 130,000 employees across the world are blending heart, science and ingenuity to profoundly change the trajectory of health for humanity.

Responsible for providing general accounting and administrative support to the finance department.

Reviews account analysis of all related balance sheet and income statement accounts. Examines and validates various financial transactions related to revenue. Monitors the audits, identification and correction of discrepancies and variances in various accounting reports. Prepares the balance sheet profit and loss statements and consolidated financial statements. Performs monthly closings within the department. Assesses and reports on improvements to accounting system processes, policies and procedures. Analyzes, researches and recommends solutions for complex accounting issues.

Responsibilities

The Revenue/Royalty Accounting Analyst is responsible for accurate end‑to‑end accounting of royalty expenses, contract interpretation support, month‑end close activities, reconciliations, and reporting. This role ensures royalties are calculated, accrued and paid in accordance with contractual terms and accounting standards (IFRS/US GAAP), and supports internal and external audits.

Key responsibilities include:

• Process and validate royalty calculations for license or development agreements, ensure calculations follow contract terms and approved rates.
• Record and post royalty expense accruals and adjustments during month‑end close.
• Maintain and update royalty master data and contract database.
• Prepare journal entries in Blackline for royalty transactions, accruals, reversals and corrections; ensure timely and accurate posting in the ERP system.
• Support preparation of monthly/quarterly royalty reporting for management, including variance analysis versus budget/forecast.
• Assist with tax and withholding calculations related to cross‑border royalty payments.
• Support internal and external audits.
• Work with Legal and Commercial teams to clarify contract interpretation that affect accounting treatment.
• Identify process improvements and implement controls to reduce errors and increase automation (e.g., templates, reconciliations, system enhancements).
• Responsible for the accuracy of Royalty accounting entries and Reconciliations in accordance with GAAP, Compliance, Internal Audit and SOX requirements.
• Understanding of accounting technical requirements.
• Understanding controls applicable in the process.
• undefined

Requirements

• Bachelor's degree in accounting, Finance, Economics or related fields.
• 2-4 years of relevant accounting experience.
• Experience with month‑end close processes and preparing journal entries and reconciliations.
• Technical knowledge of IFRS and/or US GAAP
• Experience with ERPs (SAP preferred).
• Advanced English.
• Experience in Shared Services environments.

Preferred Knowledge, Skills and Abilities:

• Analytical Reasoning & Problem Solving: Exhibits strong problem-solving skills, risk assessment, and data-driven decision-making to avoid costs, attention to detail and mitigate risk.
• Collaboration: Works with others to achieve common goals, sharing ideas and perspectives. Fosters mutual respect for knowledge, experiences, contributions, and inputs. Key behaviors include listening, understanding needs, reaching consensus, team player, co-creating, and sharing knowledge
• Proactive: Anticipates situations and seizes opportunities taking initiative in addressing them. Actively seeking efficiency and knowledge to support stakeholders.
• Communication: effectively communicate with various levels of the organization, both locally and abroad.
• Compliance management: Ensures adherence to laws, regulations, and policies for ethical and legal conduct. Understands financial controls, participating in audits and maintains strong compliance awareness and skepticism.
• Digital: Actively supports company's digitalization goals, focusing on process automation and reimagining work methods. Values adaptability, resilience, and challenging the status quo, along with continuous improvement through technology (excel).

Job location/Organization

Bogotá

Required Skills:

Preferred Skills: