Director of Residuals & Participations

A+E Global Media; New York (NY); On-site; USD 133,000 - 155,000; Full time

Benefits offered by this job

Healthcare coverage

401k matching

Total benefits package

Job summary

A+E Global Media in New York is seeking a Director, Participations & Residuals to manage residuals obligations for TV programs, oversee statement preparation, analysis of contracts, and payments to third-party participants.

The role requires 10+ years in profit participations royalty accounting, MAGR calculations, and strong communication and analytical skills. You will partner with Legal, FP&A, and Production Finance to ensure accurate reporting and compliance.

Qualifications

• 10+ years of profit participations royalty accounting experience in the media/entertainment industry.
• Extensive experience with MAGR participation calculations.
• Strong knowledge of emerging markets (FAST channels, Podcasts, OTT, AVOD/SVOD).
• Bachelor's degree; Accounting major a plus.
• Excellent analytical and problem-solving skills.
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Proficient in deciphering legal documents for financial terms.

Responsibilities

• Lead the day-to-day operations of the division to ensure timely and accurate delivery of royalty payments for both owned and licensed programs with associated royalty obligations.
• Provide final guidance as the subject matter expert on all matters related to participations, including compiling accurate estimates and forecasts under tight deadlines.
• Foster strong working relationships with internal and external stakeholders, including business partners, legal, FP&A, accounting, and technology teams.
• Stay abreast of industry standards and practices, as well as topics impacting participations, such as new and emerging markets (e.g., FAST channels, Podcasts, OTT, AVOD/SVOD Platforms).
• Ensure that all calculations for MAGR Participation contracts are accurate, working closely with Legal and Production Finance to interpret contract provisions as appropriate.
• Collaborate with the Technology department and actively participate in discussions to provide insight regarding the future state for participations processing. Devise and implement automated solutions to drive operating efficiencies and conduct User Acceptance Testing to guarantee the successful deployment of our new Participations System.
• Provide coaching and guidance to the team to facilitate their development. Strong focus on growing their leadership and strategic thinking skills.
• Lead and resolve all 3rd party participant audits and claims promptly to eliminate and or limit liabilities.
• Collaborate closely with our Legal department to ensure that policies are adhered to, and to provide necessary data and insights for legal proceedings when required.
• Review and interpret sales and participant contracts to assess participation obligations.
• Ensure compliance with and maintenance of A+E Networks’ accounting policies and procedures related to profit participations.

Skills

Participations accounting

MAGR calculations

Emerging markets

Analytical skills

Verbal & written communication

Organizational skills

Legal document interpretation

Education

Bachelor's degree

Job description

A+E Global Media in New York is seeking a Director, Participations & Residuals to manage residuals obligations for TV programs, oversee statement preparation, analysis of contracts, and payments to third-party participants.

The role requires 10+ years in profit participations royalty accounting, MAGR calculations, and strong communication and analytical skills. You will partner with Legal, FP&A, and Production Finance to ensure accurate reporting and compliance.