Finance Director - Production Finance
10277 W. Olympic Blvd 3rd Floor Los Angeles, California 90067
DIRECTOR, PRODUCTION FINANCE
Our client is a fast-growing, full service independent entertainment studio with a mission to produce, acquire, and distribute premium film and television programming worldwide.
We are looking for an experienced Director, Production Finance with both corporate studio finance and on-set production/post production accounting experience. This position is the finance business partner to all Production departments in the company supporting development and physical production. The role works very closely with the Executive Director, FP&A and SVP, Business Affairs to ensure the Company has accurate and reliable financial information on all productions. The Director will oversee the Manager, Production Finance and together they will manage show accountants, production budgets, and cost reporting. The Director also oversees the Production Financial Analyst who supports month-end close (corporate accounting), cash management, forecasting, and production green lights. Other responsibilities within the Production Finance Department include Green Lights, Residual analysis and forecasting, new production models, and management of Post Production Accounting.
Reports to CFO.
- Manage the financial aspect for production and development slates for all MarVista Productions/
- Work directly with production executives and line producers during the production budgeting phase, prior to green light.
- Run budget comparison analysis for Tax Incentive territories.
- Develop green light packages for new productions.
- Review and approve cash flow schedules.
- Oversee accurate inventory cost per unit reporting (ABC accounting)
- Review cost reports and report consolidated findings to finance and production executives on a weekly basis. Coordinate meetings between executives and line producers when necessary.
- Work closely with Business Affairs to ensure production legal requirements and commitments are being met.
- Closely monitor financial data and take quick actions to remedy issues before there is a significant financial impact
- Continually improve the production finance policies and procedures manual.
- Ensure team obtains all financial studio and union deliverables at complete delivery.
- Oversee reconciliation of funding to cash actuals and ensure resolution of variances before sign-off.
- Keep track of outstanding deposits to be returned and status of tax incentives.
- Prepare journal entries in accordance with ASC 926.
- Manage post-production accounting performed in-house.
- Assist finance executives with preparation for weekly slate meetings and Monthly Operating Reviews by providing accurate data for project analysis.
- Oversee the monthly close for all production accounting activities.
- Oversee the financial forecast and cash flow forecast for all productions and development projects.
- Plan and perform production cost verification and operational audits.
- Assist in process mapping and updating system descriptions for new implementations.
- Other duties and special projects as assigned by CFO, CEO, or EVPs of Development & Production.
- Ability to prioritize and plan work activities; uses time efficiently and develops realistic action plans.
- Well-organized, self-directed team player. Remains open to others’ ideas, and exhibits willingness to try new things.
- Adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events.
- Handles confidential and sensitive information and records with a high degree of discretion, diligence and good judgment.
- Demonstrates excellent written and verbal communication skills. Listens effectively, transmits information accurately and understandably, and actively seeks feedback.
- Identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
- Demonstrates accuracy and thoroughness and monitors own work to ensure quality, presents numerical data effectively, and is able to read and interpret written information.
- Demonstrates professionalism, discretion, and good judgment in all interactions with co-workers, customers, vendors and others.
- A high level of initiative and drive. Natural sense of ownership for projects and duties.
- Strong analytical, quantitative and financial skills.
- Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performance.
- Must have a bachelor’ s degree in Accounting or Finance, MBA a plus.
- Minimum 8 years’ experience in the Entertainment Industry.
- Minimum or 5 years’ experience in feature film or television production; production accounting or line producing experience preferred.
- Minimum 3-5 years’ experience in a Studio environment with financial forecasting skills.
- In depth knowledge and understanding of union payroll, including interpretation of low budget agreements (SAG, DGA, WGA and IA) – Canadian and International experience a plus
- Tax Incentives knowledge and understanding
- Software Proficiency: PSL3, Vista, MediaWin/Web, MovieMagic
- Familiarity with CAVCO requirements
- ASC 926 (SOP-002)
- 1099 Tax Reporting
- Excellent written and verbal communication skills
- MS Office Skills: Advanced Excel; PowerPoint & Word
Equal opportunity employer
To apply, send resume in word format with current salary for review and immediate interview.