Director, Participation & Residuals

A+E Networks•New York, NY

11d•$132,522 - $155,050•Hybrid

About The Position

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.

Requirements

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

Responsibilities

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.