Director, Participation & Residuals

A&E Television Networks, LLC; New York (NY); On-site; USD 133,000 - 155,000; Full time

Benefits offered by this job

Healthcare coverage

401k matching

Other benefits

Job summary

A+E Global Media in New York, NY is seeking a Director of Participations & Residuals to lead the royalty accounting for all programs and third-party participants. This role drives estimates, contract interpretation and the operation of the participations system.

The position requires 10+ years in profit participations royalty accounting in the media/entertainment industry, MAGR experience, and strong analytical, communication and leadership skills.

Qualifications

• Director role with 10+ years of profit participations royalty accounting in media/entertainment.
• Residuals experience is a plus.
• Extensive experience with MAGR participation calculations.
• Strong knowledge of new and 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 day-to-day operations to ensure timely and accurate royalty payments.
• Provide final guidance as SME on all participations matters, including estimates and forecasts.
• Foster relationships with internal and external stakeholders (business, legal, FP&A, accounting, technology).
• Stay updated on industry standards and emerging markets (FAST channels, Podcasts, OTT, AVOD/SVOD).
• Ensure MAGR participation calculations are accurate in collaboration with Legal and Production Finance.
• Collaborate with Technology and participate in future system discussions.
• Devise and implement automated solutions and perform UAT for the Participations System.
• Coach and develop the team to grow leadership and strategic thinking.
• Lead third-party audits and claims promptly.
• Work with Legal to ensure policy adherence and provide data for proceedings.

Skills

Profit participations

Residuals

MAGR participation calculations

Analytical skills

Communication skills

Accounting

Leadership

Education

Bachelor's degree in Accounting

Job description

Work Locations: With the exception of some select roles that have in-office requirements, A+E Global Media operates on a flexible model that allows for remote, hybrid or full time in office work (in certain locales). Office locations include New York City, Los Angeles, Chicago, and Stamford, CT. Our list of eligible states in which employees may work remotely includes: California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oregon, South Carolina, South Dakota, Texas, West Virginia, Wisconsin, and Wyoming.

Division Story Most people don’t realize the importance of the Finance department in keeping our business operating without hitches and delays. That’s probably because we oversee many of the more quietly glamorous, back-office functions that drive our bottom line. We not only forecast, build and manage budgets, we also collect and analyze important data that helps leadership make the best decisions. All of this sounds exciting to you because you love numbers and spreadsheets, and especially love great entertainment.

Job Description ROLE: Director, Participations & Residuals

The Director of Residuals and Participations serves as the internal business contact for all residuals and participations obligation for A+E Television Networks. This position is the key role in the accounting, management, analysis, interpretation, reporting and discharge of union, residuals and participation obligations to all third party participants as well as the accrual of such liability for internal and external reporting purposes. Responsibilities include managing the day-to-day operations of statement preparation, review and analysis of contract terms, oversee processing of payment obligations to third party participants, providing estimates of residuals/participations to studio and program personnel and managing audits as they arise.

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. (10%)
• 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.

BASIC REQUIREMENTS:

• Director, Participations & Residuals 10+ years of profit participations royalty accounting experience in the media and entertainment industry.
• Residuals experience a plus
• Extensive experience with MAGR participation calculations
• Strong knowledge base in new and emerging markets (e.g., FAST channels, Podcasts, OTT, AVOD/SVOD Platforms).
• Bachelors’ 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

Compensation Annual Pay Range: $132,522 - $155,050 Annual Incentive Target: 17.50% The annual/hourly pay range displayed serves as a good faith estimate of the minimum and maximum base pay range for this role. Compensation for the role will be based on a number of different factors such as a candidate’s qualifications, skills, competencies, location, and experience.

A+E offers a competitive total compensation package, which includes healthcare coverage, 401k matching, and a range of other benefits.

Learn more at www.aegm.com/careers.

A+E Global Media proudly provides equal employment opportunity for all employees and job applicants, and makes employment decisions consistent with this principle.

The company’s employment actions and decisions – including recruitment, hiring, training, promotion, demotion, compensation, transfer, layoff, and termination – are made without regard to an employee’s race, color, religion, creed, age, national origin, ancestry, sex (which includes pregnancy, childbirth, breastfeeding, and related medical conditions), gender, sexual orientation, gender identity, gender expression, marital status, alienage or citizenship status, physical and/or mental disability, medical condition, family and medical leave status, genetic information, military or veteran status, or any other characteristic protected by applicable law.

A+E Global Media is a joint venture of the Hearst Corporation and The Walt Disney Company. We are proud to be an Affimitive Action/Equal Opportunity Employer/Disabled/Veterans.

A+E Global Media® is a collection of culture brands that includes A+E®, The HISTORY® Channel, Lifetime®, LMN®, FYI®, VICE TV and BIOGRAPHY®.

We are in seven out of 10 American homes and have a cumulative reach of 342 million people worldwide. We also have 500+ million digital users across our sites and streaming apps, which include A+E Crime Central, HISTORY Vault and Lifetime Movie Club.

We are in the story business, and just as the industry and art form have evolved, so have we. Since our founding in 1983 with just two cable channels, we have grown into a multiplatform, multimedia, multigenre content creator.

To learn more, please visit us at aegm.com.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin or protected veteran status and will not be discriminated against on the basis of disability.

EEO Law and Supplemental Information If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact [e-mail] For additional information and review please contact [e-mail]