Valence Media, LLC
VP, Production Finance, TV
Valence Media, LLC, West Hollywood, California, United States, 90069
Role Description:
MRC TV is seeking an experienced VP of Television Production Finance to manage and maintain a variety of accounting and financial tasks, specifically related to all of MRC’s TV projects. This full-time, staff position reports directly to the SVP of TV Production Finance.
Responsibilities: Working knowledge of Television and episodic production with a primary focus on production accounting, tax incentives, budgeting, and internal financial controls. Ensure production finance policies and procedures are current and effectively implemented on our productions. Collaborate/creation of the development of production budgets that maximize production incentives and reduce production costs. Supervise tagging of production budgets and review incentive estimates for accuracy and foreign hedging purposes. Enforce appropriate jurisdictional procedures with respect to foreign laws, guild restrictions and requirements. Initiate set up of new productions, assisting with incentive applications, banking, and various systems (Global Vista, SmartAccounting, SmartTime, SmartStart, Cashet, BOX). Assist with onboarding and offboarding of Production Accounting personnel with an attention to crew member roles and core functions. Ensuring delivery, completeness, and accuracy for traditional Production Accounting financial statements including Cost Reports, Cash Flows, Funding, Trial Balance(s), Bank Reconciliations and other Production Accounting related documentation and analyses. Provide guidance to production accounting staff on studio GAAP requirements such as month & quarter-end deliverables, and daily/weekly reporting packages. Review cost reports, trial balances, bank reconciliations, etc. prepared by show accountants. Participate in turnover meetings from the production accountant to the post accountant to ensure receipt of all necessary files and reports. Function as the prep/post accountant for shows and responsible for all matters prior/after accountant staffing. Work and provide assistance with/to show accountants and drive accurate, complete, and timely cost reporting, protecting, and managing show assets and supporting production. Work with physical production, post production, studio finance, BA, and creative in a collaborative environment. Ensure that insurance claim costs are accurate and adequately supported by schedules, invoices, and payroll documents. Assist with management of production tax incentives/tax credits (US and International) audits and various Guild audits (SAG-AFTRA, WGA, DGA, IA, MPI). Assist with management of TV residuals (DGA, SAG, WGA, and IA) for all television projects. Research, develop, and test innovative technologies that provide the next generation of production finance tools and determine how and when to best incorporate into the production accounting workflow. Manage various ad hoc projects. Report to SVP, TV Production Finance in all matters related to external productions. Experience/Requirements: Candidates must have at least 10 years in production finance or freelance and production accounting. Extensive understanding of TV accounting, budgeting, and production tax incentives. Solid understanding of payroll process, union labor agreements, and tax requirements. Extensive experience with Movie Magic Budgeting. Strong MS Office skills required, with an emphasis on Excel; GV and SA accounting systems. College degree in accounting or finance is preferred. Must be meticulous, organized, possess excellent organization skills and able to multitask. Solution focused and problem-solving ability. Ability to understand and articulate issues using creative, production, or financial context. Ability to prioritize and respond effectively in fast paced environment, across shows in various points of production. Strong analytical, written, and verbal communication skills. Even-tempered, grace under pressure, discrete, high-level judgement in absence of data. Must be a team player and able to work collaboratively with internal/external partners. Hiring Salary Range is $200,000 to $225,000 annually. Starting pay for the successful applicant depends on a variety of job-related factors, including, but not limited to, market demands, experience/training, and education.
MRC is an equal employment opportunity employer. All applicants and potential candidates are evaluated on the basis of their qualifications, consistent with applicable local, state, and federal laws.
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Responsibilities: Working knowledge of Television and episodic production with a primary focus on production accounting, tax incentives, budgeting, and internal financial controls. Ensure production finance policies and procedures are current and effectively implemented on our productions. Collaborate/creation of the development of production budgets that maximize production incentives and reduce production costs. Supervise tagging of production budgets and review incentive estimates for accuracy and foreign hedging purposes. Enforce appropriate jurisdictional procedures with respect to foreign laws, guild restrictions and requirements. Initiate set up of new productions, assisting with incentive applications, banking, and various systems (Global Vista, SmartAccounting, SmartTime, SmartStart, Cashet, BOX). Assist with onboarding and offboarding of Production Accounting personnel with an attention to crew member roles and core functions. Ensuring delivery, completeness, and accuracy for traditional Production Accounting financial statements including Cost Reports, Cash Flows, Funding, Trial Balance(s), Bank Reconciliations and other Production Accounting related documentation and analyses. Provide guidance to production accounting staff on studio GAAP requirements such as month & quarter-end deliverables, and daily/weekly reporting packages. Review cost reports, trial balances, bank reconciliations, etc. prepared by show accountants. Participate in turnover meetings from the production accountant to the post accountant to ensure receipt of all necessary files and reports. Function as the prep/post accountant for shows and responsible for all matters prior/after accountant staffing. Work and provide assistance with/to show accountants and drive accurate, complete, and timely cost reporting, protecting, and managing show assets and supporting production. Work with physical production, post production, studio finance, BA, and creative in a collaborative environment. Ensure that insurance claim costs are accurate and adequately supported by schedules, invoices, and payroll documents. Assist with management of production tax incentives/tax credits (US and International) audits and various Guild audits (SAG-AFTRA, WGA, DGA, IA, MPI). Assist with management of TV residuals (DGA, SAG, WGA, and IA) for all television projects. Research, develop, and test innovative technologies that provide the next generation of production finance tools and determine how and when to best incorporate into the production accounting workflow. Manage various ad hoc projects. Report to SVP, TV Production Finance in all matters related to external productions. Experience/Requirements: Candidates must have at least 10 years in production finance or freelance and production accounting. Extensive understanding of TV accounting, budgeting, and production tax incentives. Solid understanding of payroll process, union labor agreements, and tax requirements. Extensive experience with Movie Magic Budgeting. Strong MS Office skills required, with an emphasis on Excel; GV and SA accounting systems. College degree in accounting or finance is preferred. Must be meticulous, organized, possess excellent organization skills and able to multitask. Solution focused and problem-solving ability. Ability to understand and articulate issues using creative, production, or financial context. Ability to prioritize and respond effectively in fast paced environment, across shows in various points of production. Strong analytical, written, and verbal communication skills. Even-tempered, grace under pressure, discrete, high-level judgement in absence of data. Must be a team player and able to work collaboratively with internal/external partners. Hiring Salary Range is $200,000 to $225,000 annually. Starting pay for the successful applicant depends on a variety of job-related factors, including, but not limited to, market demands, experience/training, and education.
MRC is an equal employment opportunity employer. All applicants and potential candidates are evaluated on the basis of their qualifications, consistent with applicable local, state, and federal laws.
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