VP, Production Finance, TV

5 days ago


West Hollywood, United States MRC Full time

MRC is a diversified global entertainment company with divisions including Film and Television.


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.



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