What are the responsibilities and job description for the Director, Participations & Residuals position at MRC?
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
- 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
Experience and Qualifications
- 5-7 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
Education
- Bachelor’s degree in Accounting, Finance or a related field
Salary : $120,000 - $130,000