This job has expired, please see additional jobs below
Sr. Analyst - Participations & Residuals
Entertainment & Media Industry Company
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
OVERVIEW
Responsible for the residuals setup and reporting processes for TV series. 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 contracts with talent, licensors, and licensees – create abstracts summarizing points. Work with supervisor (Manager) to create & maintain method to track reporting obligations and payments across all national networks.
RESPONSIBILITIES:
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 payments are made Reconcile residuals payments to accruals and ultimates 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). Read and comprehend contracts, create abstracts summarizing all residuals issues, build financial spreadsheets to model participations. Talent agreements – advances, guarantees, pre-buys, etc. Licensing-in and licensing-out agreements – pre-pays, reporting requirements, etc. Create and maintain method to track residual and participation reporting obligations
a) By series / season / episode
b) By market (home video, cable runs, syndication, international, etc)
c) By month and quarter
d) Log all submissions, track invoices, reconcile payments
Maintain relationships with payroll companies. Maintain well organized files (soft and hard) which shall be used to support any audit inquiries
QUALIFICATIONS:
• 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.
• Experience digesting and abstracting complex [entertainment] contracts – would be a plus.
• Experience with participation, residual, or royalty reporting a plus.
• Excellent written and spoken communication abilities.
• BA/BS degree. MBA or CPA a plus.
The Company is committed to policy of nondiscrimination in its employment and personnel practices. Applicants are considered for all employment without regard to race, color, religious creed, religion, alienage, citizenship, gender, gender identity, national origin, ancestry, genetic predisposition or carrier status, age, marital status, familial status, military or veteran status, status as a victim of domestic violence, stalking or sexual assault, sexual orientation, disability or any other characteristic protected by federal, state or local law.