Participations Manager Job at Addison Group

Addison Group North Hollywood, CA 91601

For all Entertainment Professionals who want to be part of a strong Finance team and join a company that is creating new roles, then look at this Participations role.

Addison Group, in partnership with our entertainment client in the East San Fernando Valley area, seeks a Participations Manager to join their team.

Job – The Participations Manager will manage and supervise all participations and residual operations. You will report to a Director of Participations.

Job Site Status (Onsite/Hybrid/Remote) – Our client has a hybrid schedule (four (4) days/week).

Culture – Our client has a fast-paced environment that expects high quality work while being part of a collaborative environment. You will be part of an international corporation with world-class content.

Compensation/Benefits – Salary range begins at $110,000/year and increases DOE. Our client supplements base compensation with the usual health insurance, PTO days off, and a supplemental bonus.

DUTIES OF THE PARTICIPATIONS MANAGER

Participations and Residuals Administration

Participations Preparation

  • Prepare, review, and manage participation statements and processes
  • Forecast, set-up, pay and report residual liabilities
  • Work with Production Finance to gather required information for residual setup
  • Apply Guild agreements by cooperating with unions on calculation requirements and issues
  • Manage accounting inbound participation statements and receipts
  • Create client participations calculations by inputting, analyzing, and verifying data in Excel

Participations Analysis

  • Review all Participations, ultimates, accruals, and recoupments
  • Analyze and interpret production and distribution contracts and deal memos for participations obligations and accurate calculation of statements
  • Provide analysis to determine participations impact in various scenarios
  • Project payments to facilitate FP&A processes
  • Verify show set-ups and payments for various distribution markets

Participations Payment

  • Facilitate payments made to third-party participants
  • Work with third party payment processor to provide relevant setup data and ensure complete and accurate setup for participations payments
  • Ensure timely remittance of participations payout in accordance with Guild schedules

Compliance

  • Collect documentation for guild audits and internal audits
  • Ensure compliance with SOX requirements and internal/external auditor requests
  • Perform compliance tests on participations software system

Miscellaneous

  • Perform quarterly close related activities as required
  • Accept other ad hoc projects as needed

QUALIFICATIONS OF THE PARTICIPATIONS MANAGER

Required

  • Bachelor’s Degree in Accounting or Finance, or equivalent work experience
  • At least five (5) years of participations experience
  • Process driven

Preferred

  • Familiarity with U.S. and Canadian entertainment talent guilds and union contracts

SKILLS OF THE PARTICIPATIONS MANAGER

Technical

  • Expert-level MS Excel skill set (v-lookups, pivot tables, IF formulas, data validation, reconciling, etc.)

Interpersonal

  • “Roll-up-your-sleeves” mentality
  • Systems savvy
  • Superb communications skills (oral and written)

If you are interested in hearing further about this position, then submit your resume in MS Word format. I will hold all inquiries in the strictest confidence.

IND1

Job Type: Full-time

Pay: $105,000.00 - $125,000.00 per year

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Schedule:

  • Monday to Friday

Supplemental pay types:

  • Bonus pay

Ability to commute/relocate:

  • North Hollywood, CA 91601: Reliably commute or planning to relocate before starting work (Required)

Education:

  • Bachelor's (Preferred)

Experience:

  • Participations: 5 years (Required)

Work Location: Hybrid remote in North Hollywood, CA 91601




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