Summary of position
warner bros.
discovery (wbd) and harmony spv financing, l.p (ceg) recently formed a music rights joint venture (jv).
the joint venture administers music rights across wbd's catalog and other partnered catalogs.
the studio controllership group seeks a manager, accounting to oversee general ledger stewardship, account reconciliations, month-end closing, consolidation, financial statement preparation and reporting, and collaboration with the service delivery center and music operating teams.
job responsibilities
record monthly revenue accruals for wb, turner, discovery and hbo music publishing activities.
record entries against deferred revenue and a/r with transaction types as appropriate.
record 29% participation expense and transfer recorded participation liability to wbei to offset participation payments calculated and processed at the wbei consolidated level.
amortize music assets monthly on the jv following a 50/30/20 curve over a 3-year period.
coordinate with i/c partners to confirm same amortization process for transferred assets.
monitor cash activity and record appropriate cash clearing entries on music jv books and coordinate with i/c partners to ensure i/c entries are booked correctly.
calculate and record collection agent fee based on monthly cash collections less licensor royalty.
calculate and record i/c loan based on specified calculation and record appropriate interest income/expense.
prepare monthly, quarterly, and yearly deliverables: balance sheet, p&l, supplemental schedules & footnotes, government surveys and disclosures.
manage and review service delivery center provided deliverables as needed; troubleshoot and provide guidance as needed.
manage and review preparation of account reconciliations.
assist with financial and participant audit requests.
support day-to-day general accounting and reporting activities.
oversee the minor trust process.
oversee monthly billing of wwtvm to international conventions & domestic's first run jes, co-op accrual /station summit billing.
manage preparation and review of account reconciliations.
manage and review service delivery center provided deliverables as needed; troubleshoot and provide guidance as needed.
manage the intercompany ic noncash settlement process and intercompany reconciliation.
prepare monthly, quarterly, and yearly deliverables: balance sheet, p&l, supplemental schedules & footnotes, government surveys and disclosures.
process monthly episodic data and release and settle based on cnr report.
prepare and review the tax incentive cash applications and quarterly reporting.
monitor the cash clearing process with the sdc team and liarson with the tvp production finance.
prepare quarterly ar reserves schedule.
sparc vendor setup and support.
manage and monitor allocation of music publishing royalties to specific titles per the umpg and sony statements received for wb, turner, discovery and hbo.
liaise with music operations teams to ensure pre-jv music titles and post-jv music titles are accurately tracked and revenue recorded accurately.
monitor for music assets related to sequel and prequel content assets that are part of the music jv and ensure these are valued and transferred to the music jv accordingly.
pay royalties collected from universal and sony to songwriters and composers on a timely basis.
coordinate with business development and technical accounting as needed.
coordinate with the finance and accounting teams at turner, discovery, and hbo to track administrator and pro transactions that should be recorded in the jv entities.
participate in monthly meetings with the music operations teams and the universal music publishing group.
coordinate requests for the setup of new company codes, profit centers, and cost centers as needed.
coordinate with wbd financial reporting to ensure music jv standalone financial statements (balance sheet, p&l, cash flow) are prepared and delivered to the jv partners in accordance with the partnership agreement (45 days after quarter end and 90 days after fiscal year end).
calculate net publisher's share in accordance with the partnership agreement to include with the financial statements.
respond to all accounting related inquiries from jv partners timely and accurately and other special projects as required.
qualifications
work experience
6+ years previous work experience in an accounting or finance field.
2-3 years prior management experience required.
entertainment and/or music industry experience a plus.
highly motivated, analytical, proactive, and self-sufficient.
must be able to work in a fast-paced environment.
must have the ability to communicate effectively and tactfully with people on all levels, in person, via email or other digital format and on the telephone.
must have the ability to pay close attention to detail and understand written and oral instructions.
must have the ability to organize and schedule work effectively.
must have the ability to multi-task projects simultaneously and be able to prioritize.
must be able to adapt in a changing environment and quickly learn new concepts, solve problems, and implement solutions.
proficiency in microsoft office/excel.
must be able to work reasonable overtime, if necessary.
education, professional and technical training
ba/bs degree in finance or accounting required.
cpa or mba preferred.
knowledge & skills
must be fluent or near fluent in english.
experience working with large amounts of data preferred.
experience with sap is a plus.
working in shared service and/or outsourcing environment a plus.
other requirements
previous "big 4" accounting experience preferred.
must be willing and able to travel.
equal opportunity
warner bros.
discovery embraces the opportunity to build a workforce that reflects a wide array of perspectives, backgrounds and experiences.
being an equal opportunity employer means that we take seriously our responsibility to consider qualified candidates on the basis of merit, regardless of sex, gender identity, ethnicity, union status, age, sexual orientation, religion or belief, marital status, pregnancy, parenthood, disability or any other category protected by law.
championing inclusion at wbd
warner bros.
discovery embraces the opportunity to build a workforce that reflects a wide array of perspectives, backgrounds and experiences.
being an equal opportunity employer means that we take seriously our responsibility to consider qualified candidates on the basis of merit, regardless of sex, gender identity, ethnicity, union status, age, sexual orientation, religion or belief, marital status, pregnancy, parenthood, disability or any other category protected by law.
if you're a qualified candidate with a disability and you require adjustments or accommodations during the job application and/or recruitment process, please visit our accessibility page for instructions to submit your request.
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