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VP, PRODUCTION FINANCE - supervises
the budgeting, estimating and daily/weekly cost reporting
of films in development and production; assists in setting
up the structure and bank accounts of outside companies when
it is determined that the film will be produced as an Article
XX, Production/Finance Deal, Negative Pick-Up Deal, or Acquisition;
negotiates and locks-in exchange rates for foreign productions;
has initial approval over all film budgets.
DIR, PRODUCTION FINANCE - 2nd in command
and has most of the same authority as the VP, Production Finance;
often visits set when financial problems arise or cost reports
reflect questionable figures, or the danger of an over-run.
SENIOR AUDITOR - assigned to one or
more pictures at a time; tracks daily costs of production
and reports to the studio executives; approves daily and weekly
cost reports; often visits set at least once for EFC Meeting
(Estimated Final Cost).
MGR, BUDGETING & ESTIMATING - works with the
Production Executive (PE) in developing a budget for film
before it is greenlit; supervises and organizes budgets from
various studio departments; assists Director and Producer
in preparing their budget for submission
to the President for approval and greenlight; maintains lists
of current studio labor and equipment rates; investigates
rates and working conditions of competitive films; publishes
variety of budget vs. actual cost analyses.
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