MRC | VP, Production Finance, TV | los angeles
7 days ago
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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los angeles (hollywood), United States MRC Full timeMRC 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...
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