The posting
Work Locations: With the exception of some select roles that have in-office requirements, A+E Global Media operates on a flexible model that allows for remote, hybrid or full time in office work (in certain locales).
Office locations include New York City, Los Angeles, Chicago, and Stamford, CT.
Our list of eligible states in which employees may work remotely includes: California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oregon, South Carolina, South Dakota, Texas, West Virginia, Wisconsin, and Wyoming.
Division Story
Most people don’t realize the importance of the Finance department in keeping our business operating without hitches and delays. That’s probably because we oversee many of the more quietly glamorous, back-office functions that drive our bottom line. We not only forecast, build and manage budgets, we also collect and analyze important data that helps leadership make the best decisions. All of this sounds exciting to you because you love numbers and spreadsheets, and especially love great entertainment.
Job Description
ROLE: Director, Participations & Residuals
The Director of Residuals and Participations serves as the internal business contact for all residuals and participations obligation for A&E Television Networks. This position is the key role in the accounting, management, analysis, interpretation, reporting and discharge of union, residuals and participation obligations to all third party participants as well as the accrual of such liability for internal and external reporting purposes. Responsibilities include managing the day-to-day operations of statement preparation, review and analysis of contract terms, oversee processing of payment obligations to third party participants, providing estimates of residuals/participations to studio and program personnel and managing audits as they arise.
RESPONSIBILITIES: Director, Participations & Residuals
- Lead the day-to-day operations of the division to ensure timely and accurate delivery of royalty payments for both owned and licensed programs with associated royalty obligations.
- Provide final guidance as the subject matter expert on all matters related to participations, including compiling accurate estimates and forecasts under tight deadlines.
- Foster strong working relationships with internal and external stakeholders, including business partners, legal, FP&A, accounting, and technology teams.
- Stay abreast of industry standards and practices, as well as topics impacting participations, such as new and emerging markets (e.g., FAST channels, Podcasts, OTT, AVOD/SVOD Platforms).
- Ensure that all calculations for MAGR Participation contracts are accurate, working closely with Legal and Production Finance to interpret contract provisions as appropriate.
- Collaborate with the Technology department and actively participate in discussions to provide insight regarding the future state for participations processing. Devise and implement automated solutions to drive operating efficiencies and conduct User Acceptance Testing to guarantee the successful deployment of our new Participations System.
- Provide coaching and guidance to the team to facilitate their development. Strong focus on growing their leadership and strategic thinking skills.
- Lead and resolve all 3rd party participant audits and claims promptly to eliminate and or limit liabilities.
- Collaborate closely with our Legal department to ensure that policies are adhered to, and to provide necessary data and insights for legal proceedings when required. (10%)
- Review and interpret sales and participant contracts to assess participation obligations.
- Ensure compliance with and maintenance of A+E Networks’ accounting policies and procedures related to profit participations.
BASIC REQUIREMENTS: Director, Participations & Residuals
- 10+ years of profit participations royalty accounting experience in the media and entertainment industry. Residuals experience a plus
- Extensive experience with MAGR participation calculations
- Strong knowledge base in new and emerging markets (e.g., FAST channels, Podcasts, OTT, AVOD/SVOD Platforms).
- Bachelors’ degree, Accounting major a plus
- Excellent analytical and problem-solving skills
- Excellent verbal and written communication skills
- Excellent organizational skills and attention to detail
- Proficient in deciphering legal documents for financial terms
Compensation
Annual Pay Range: $132,522 - $155,050
Annual Incentive Target: 17.50%
The annual/hourly pay range displayed serves as a good faith estimate of the
minimum and maximum base pay range for this role. Compensation for the role will
be based on a number of different factors such as a candidate’s qualifications, skills,
competencies, location, and experience. A+E offers a competitive total compensation
package, which includes healthcare coverage, 401k matching, and a range of other benefits. Learn more at www.aegm.com/careers.
A+E Global Media proudly provides equal employment opportunity for all employees and job applicants, and makes employment decisions consistent with this principle. The company’s employment actions and decisions – including recruitment, hiring, training, promotion, demotion, compensation, transfer, layoff, and termination – are made without regard to an employee’s race, color, religion, creed, age, national origin, ancestry, sex (which includes pregnancy, childbirth, breastfeeding, and related medical conditions), gender, sexual orientation, gender identity, gender expression, marital status, alienage or citizenship status, physical and/or mental disability, medical condition, family and medical leave status, genetic information, military or veteran status, or any other characteristic protected by applicable law. A+E Global Media is a joint venture of the Hearst Corporation and The Walt Disney Company. We are proud to be an Affirmative Action/Equal Opportunity Employer/Disabled/Veterans.
