Production & Management Accountant - TV Production

Handle Recruitment; City Of London; On-site; GBP 50,000 - 55,000; Full time

Job summary

A leading recruitment agency is seeking a qualified Production & Management Accountant to support the finance team of a major TV production company in London. This role requires experience in production accounting, management accounting, and a strong interest in television production. The successful candidate will manage financial reporting and production costs effectively, operating in a fast-paced environment.

Qualifications

• Both Production and Management Accounting experience required.
• Genuine interest in television production essential.
• Experience in a fast-paced environment preferable.

Responsibilities

• Assist Production Managers with cost management and analysis.
• Review cost reports with the Head of Production.
• Perform monthly balance sheet reconciliations.

Skills

Production Accounting

Management Accounting

Excel

Communication Skills

Organizational Skills

Education

ACCA, CIMA or ACA Qualified

Job description

Production & Management Accountant - TV Production (BBBH112336) London, England

Salary: GBP50000 - GBP55000 per annum

International TV Production company are looking for a qualified CIMA, ACCA, ACA Production & Management Accountant to join their team and provide production finance and management accounting support, focusing on the reporting and analysis of production spend. The role also involves providing financial reporting support and analysis to the Finance Manager.

Production Finance Duties:

• Set up productions on the finance system and assist Production Managers in compiling and analysing production cost managers: Providing support to the Head of Production, Production Manager and cost coordinators to ensure accurate cost management.
• Keep cost managers updated with actual spend, estimated final costs and costs to complete.
• Manage open POs on productions, updating costs estimates regularly and being across reasons for delays to facilitate effective cost and margin management
• Review cost reports on a regular basis with the Head of Production (HoP), including current spend and projected costs.
• Manage the close down of productions, performing periodic full financial closure of completed productions with PM/HoP, manage/execute closedown on the system
• Upload production contracts to the finance system on a timely basis and ensure proof of deliveries for productions are recognized each month.
• Reconcile actual production spend to budgets/forecasts. Compile and agree (with PMs/HoP)monthly figures for submission to the Finance Manager, managing this inline
• Work with the Finance Manager to monitor and improve individual Production cash flow by establishing effective processes.
• Attend regular production meetings within to ensure understanding of activity and proactively aid cost capture and management.

Financial Reporting and Analysis

• Management of secondary income accounting: updating the finance system with milestones and all secondaries billing,
• Assist in the preparation of royalty statements and saving down secondary statements, chasing distributors for Pos and invoices.
• Preparation of all recharges journals for productions and other journals as required by PMs.
• Work with the Finance Team, HoP and Head of Post Production to review, improve, monitor and account for post production spend across the productions.
• Prepare P&L and Balance Sheet accounting entries including accruals and prepayments.
• Perform monthly balance sheet reconciliations at production or divisional level as directed
• Understand production budget/forecast variances and contribute to the commentary in the management accounts, flagging any risks or concerns.

Key Skills:

• Must have both Production and Management Accounting experience
• Ideally ACCA, CIMA or ACA qualified
• A genuine interest in and understanding of television production and post production.
• Experience working in a fast-paced environment.
• Flexible worker with a positive approach to problem-solving.
• Good organizational skills with the ability to multi-task while retaining attention to detail.
• Strong Excel and IT skills.
• Excellent verbal and written communication skills.
• Interpersonal skills and ability to deal with a broad range of people including both finance and non-finance stakeholders.