Excerpt from "Get a Reel Job" by Philip Nemy
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.©Philip Nemy