Manager, Contingent Compensation Participation and Residuals
Disney ABC Television GroupBurbank, CA
Full Time Job
The Enterprise Financial Services Programming Center of Excellence supports all of The Walt Disney Company's broadcast, cable and TV production businesses. This department has responsibility to account for the programming costs for over 100 hundred channels across our ABC, Freeform and Disney Channels Worldwide businesses and for the financial statements of various TV production studios, most notably ABC Studios. The manager of this function will be focused on accounting issues related to the contingent compensation that we pay to the various Talent Guilds (Residuals) and outbound/inbound Profit Participation issues.
The purpose of this job is to ensure that the accounting for Participation and Residuals accruals and payments are accurate and effective. The end result of the position will be primarily to partner with Participations and Residuals to facilitate payments made to participants and Union Guilds DGA/WGA/SAG and address talent audit requests, ensure appropriateness of liability balances each quarter end, project payments to facilitate FP&A processes, and manage accounting of inbound participations statements and receipts. This will be accomplished through this Manager developing deep subject matter expertise and sharing that with the applicable business partner and Controllership teams to ensure that they understand the way to handle the issues that are relevant to them. The position is needed as the value and complexity of these obligations continues to increase due to the new digital revenue streams, international expansion of distribution and production and increased co-productions. This contingent compensation is subject to audits so this role is needed to coordinate the responses to the questions and claims that are made.
Financial Accounting & Reporting: Manage Financial Accounting and Reporting processes for contingent compensation including appropriate accounting for all inbound and outbound statements, review of ultimate residuals including review against actuals and prepaids to identify unusual activity and adjustments as needed, update residual accrual models as needed when new exploitation platforms or new guild agreements emerge, determine appropriate short term vs. long term classification of liability balances, communicate to all distribution and production accounting groups regarding coding requirements to support contingent compensation calculations and reporting, manage MPA retransmission royalties due to ABC, take ownership of balance sheet participation and residual liabilities for all DATG line of businesses (ABC Entertainment, ABC Daytime, ABC Studios, DCWW, Disney TV Animation, Freeform, and Lucas TV Animation). In order to succeed this role will need to develop close working relationships with the Royalties, Participations & Residuals group, Business Affairs, producer groups, and the distribution line of business teams.
Music Publishing: Oversee accounting, reporting and administration of Music Publishing receipts including (but not limited to) applying revenues by title, calculating and paying royalties due to artist and catalogue owners, and partnering with IT to ensure system and data integrity of in-house Music Publishing accounting software.
Statement Review: Create and maintain inventory of all outbound and inbound statements reporting requirements, review inbound statements and invoices for residuals costs to be reimbursed by Broadcast Networks for reasonableness and help determine whether audits should be initiated, ensure cash is appropriately applied as income or participation liability, review and approve outbound statements, develop and foster close working relationship with Royalties, Participations & Residuals group in order to meet departmental objectives.
Business Decision Support: Help provide ad hoc analysis and guidance on contingent compensation matters to various departments including Production Finance, Labor Relations, Sales / Distribution, Business Affairs and FP&A.
Systems: Coordinate efforts across various systems to ensure all contingent compensation matters are addressed (i.e., Zeus, Proact, Mediamorph, Bedrock Ultimates, RERUN2, etc.). This includes maintaining integrity of SAP master data that drives all title reporting processes.
• At least 5 years in accounting and reporting related fields
• Track record with finding innovative solutions to complex business problems and leveraging technology to find best practice and drive continuous improvement.
• Excellent written and verbal communications
• Strong positive / can-do attitude and comfortable interacting with all levels of the organization
• Working knowledge of Film and/or TV program accounting life cycle including Ultimates and contingent compensation payable to Talent Guilds and/or Profit Participants
• Prior experience managing a team is desirable. If no specific experience the candidate needs to demonstrate characteristics that strongly suggest they would be able to do so
• Experience with SAP or similar ERP system and ideally familiarity with system used to generate Participation statements and or Talent Guild Payments.
• Business-oriented mindset with an understanding of strategic issues that the business is facing
• CPA, familiarity with industry Guild agreements is desired
• Undergraduate Degree
• CPA or MBA preferred
At Corporate, you'll team with the best in the business to build one of the most innovative global businesses in any industry. Uniquely positioned at the center of an exciting, multi-faceted Company, the forward-thinkers at Disney Corporate constantly pursue new ideas and technologies to help the Company's many businesses drive value, all the while gaining something valuable from the experience themselves. Come see the most interesting Company from the most interesting point of view.
This position is a legal entity of The Walt Disney Company, an equal opportunity employer.