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VP, Controller

2 months ago

West Hollywood, United States MRC Entertainment Full time
Job DescriptionJob DescriptionMRC is a diversified global entertainment company with divisions including Film and Television.

Role Description:
The VP, Controller is an integral part of the MRC Accounting team, reporting directly to the CFO. As head of the accounting department, the VP, Controller will manage and supervise all aspects of accounting, including operations, reporting, tax compliance, and treasury. This position will work closely across all departments to continue to improve inter-departmental communication and processes. This position will also provide strong leadership and mentorship to the accounting team reporting to it.

Responsibilities:
  • Apply ASC 606 (Revenue), ASC 926, ASC 920, ASC 842 and all other applicable GAAP accounting standards. Prepare technical accounting memos and contract analysis to support company's position for complex transactions (M&A), financing, and revenue deals.
  • Oversee and review the quarterly financial close process and preparation of internal management reporting and analysis and support quarterly business reviews
  • Oversee the consolidation of various MRC entities for financial reporting purposes.
  • Oversee the annual audit with the external auditors.
  • Ensure MRC remains in compliance with debt covenants and various reporting requirements.
  • Work closely with Finance to manage daily cash inflows and outflows and projected cash requirements.
  • Manage daily accounting activities, including accounting for accounts payable, accruals, receivables, revenue, deferred revenue, cash, participations & residuals, intercompany, and debt.
  • Manage participations and residuals processes, including reporting to third party service providers, participant statement reporting and payment of obligations, and participant audits.
  • Manage external tax advisors, and the overall the tax function, including: tax planning initiatives, production incentives, distributions, shareholder communications, and various ad hoc transactions.
  • Promote a team environment including development of accounting team, cross-functional training, open communication, and mentorship. Prioritize deliverables to ensure balanced workload and meeting of deadlines.
  • Partner cross-functionally with finance, business affairs, production and creative teams to provide insights, guide decision-making, and enhance collaboration. Identify and drive impactful process improvements.
  • Partner in all financial planning activities; including operating forecasts, cash flow projections, strategic planning initiatives and capital raise presentations.

Qualifications:
  • 10+ years of experience required; Big 4 public accounting and entertainment industry experience preferred 
  • BA or BS degree required (Bachelor’s Degree in Accounting/Finance) and an active CPA designation
  • Strong technical GAAP background and experience with financial statement preparation
  • Self-starter with excellent interpersonal communication, management, and problem-solving skills
  • Detail oriented with project management skills
  • Ability to thrive in a fast-paced and entrepreneurial environment


 

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