What are the responsibilities and job description for the VP, Production Finance, TV Job at MRC in West Hollywood position at MRC?
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 :
Hiring Salary Range is $200,000 to $225,000 annually. Starting pay for the successful applicant depends on a variety of job-related factors, including, but not limited to, market demands, experience / training, and education.
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.
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Salary : $200,000 - $225,000