What are the responsibilities and job description for the Manager, Participations & Residuals position at MRC Entertainment?
Reporting to the Controller, this key new role leads participations & residuals for the company. The position is based in West Hollywood and in office Monday through Friday. Successful candidates will be highly motivated and team-oriented self-starters, who have significant directly applicable experience, can manage multiple priorities and are excellent communicators.
Responsibilities
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.
Responsibilities
- Lead the company’s participation and residuals effort across Film and TV in partnership with Production, Business Affairs, Finance, and Accounting
- Interpret participant contracts and track obligations to ensure accurate preparation and timely distribution of the corresponding statements and payments
- Work with Production Finance and Entertainment Partners to ensure accurate set up and timely payment of residuals
- Manage project audits of third parties by MRC and project audits of MRC by third parties
- Collaborate with Finance & Accounting by reviewing financial models & project ultimates for participations and residuals accuracy and assist in monthly and quarterly participations and residuals forecasts
- Support the company’s auditor, Grant Thornton, on participations and residuals related inquiries as necessary
- 5 years contract accounting or studio participations experience
- Expertise in participations and residuals preparation, including interpreting contractual agreements, using Excel and an accounting system, and working with related third parties
- Proficient in film and TV business models, accounting principles, and industry trends
- Keen entrepreneurial mindset with exceptional analytical, problem solving, and communication skills and the willingness and ability to command the details, think big picture, and balance multiple assignments in a fast-paced, results-oriented environment
- Demonstrated track record of building effective organizational and third-party relationships
- Bachelor’s degree in Accounting, Finance or a related field
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.
Salary : $105,000 - $115,000