Full Job Description
The home of “The Walking Dead”, “Boyhood”, and “Better Call Saul”, is adding to our team of smart quirky upbeat puzzle-solvers who manage one of the most challenging areas of the TV and movie business.
If you enjoy both quantitative and qualitative analysis, you view ambiguity as a challenge to be solved, and you’re enticed by massive amounts of data …..then read on!
You’ll gain a unique understanding of the evolving business of TV and movies. Prior experience with royalties, residuals and participations is not required (though is a plus), as training will be provided.
The ideal candidate has these characteristics:
Ready to learn
Fluent in math as a second (or third) language
Teaches new tricks to Excel
System implementation / migration experience a plus
OVERVIEW OF ROLE
Responsible for the residuals setup and reporting processes for TV series. Supports participations reporting for movies & TV, and merchandise royalty reporting. Collect, analyze, and reconcile multiple sources of data regarding talent working on each episode. Compile data (both financial and date-based), review, and submit to payroll companies. Review invoices against that data, and versus accruals. Ensure invoices are paid on time. With the guidance of manager, read and comprehend guild agreements as well as contracts with talent, licensors, and licensees – create abstracts summarizing points. Work with supervisor (Manager) to track reporting obligations and payments across all national networks.
KEY DUTIES AND RESPONSIBILITIES
Reconcile large sets of data to ensure accuracy and consistency. Ability to identify variances and where variances are noted, work with appropriate individuals to explain, solve and support final documentation presented to payroll companies. Reconciliation includes both numeric data (e.g., royalty statements vs G/L revenue) and non-numeric (e.g., 4 variants of cast lists for each episode of a series). Residuals processing:
a) Collect data to submit to payroll company – both date-based usage reports and financial data (electronic sell-thru, TV licenses, etc.).
b) Review and submit as appropriate.
c) Review invoices and reconcile with data provided to payroll company.
Confirm summaries agree with individual invoices. Prepare invoices for internal approvals and follow-up to ensure timely payments are made. Reconcile residuals payments to accruals and ultimates. Read and comprehend contracts, create abstracts summarizing all residuals issues. Guild agreements. Talent agreements – advances, guarantees, pre-buys, etc. Licensing-in and licensing-out agreements – payments, reporting requirements, etc. Maintain method to track residual reporting obligations:
a) By series / season / episode.
b) By market (home video, cable runs, syndication, international, etc.).
c) By calendar quarter.
d) Log all submissions, track invoices, reconcile payments.
Maintain relationships with payroll companies. Maintain well organized files (soft and hard) to be used to support audit inquiries.
QUALIFICATIONS (Required & Preferred)
2-3 years of experience in finance / accounting, preferably in the entertainment industry.
Highly proficient with Excel (at minimum including pivot tables and lookups).
Excellent organizational skills.
Excellent analytical skills; detail focused.
Ability to think independently and suggest solutions.
Adept at reconciling large sets of data.
Excellent written and spoken communication abilities.
Experience digesting and abstracting complex [entertainment] contracts – would be a plus.
Experience with residual, royalty, or participation reporting a plus.
BA/BS degree. MBA or CPA a plus.