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About the Role
The Director of Residuals and Participations serves as the internal business contact for all residuals and participations obligations for A&E Television Networks. This position is key 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
- 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, with a 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.
Requirements
- 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.
Skills
- Participations
- Residuals
- Accounting
- MAGR participation calculations
- FAST channels
- Podcasts
- OTT
- AVOD/SVOD Platforms
- Analytical skills
- Problem-solving skills
- Communication skills
- Organizational skills
- Attention to detail
Location
- New York City
- Los Angeles
- Chicago
- Stamford, CT
- Remote (eligible states: 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)
Work Type
- Remote
- Hybrid
- Full-time in office
Experience Level
- 10+ years
Education Level
- Bachelors’ degree
Salary/Compensations
- $132,522 - $155,050
Benefits
- Healthcare coverage
- 401k matching
About the Company
- A+E Global Media operates on a flexible model that allows for remote, hybrid or full time in office work.
- A+E Global Media is a joint venture of the Hearst Corporation and The Walt Disney Company.
Equal Opportunity
- 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.
- We are proud to be an Affirmative Action/Equal Opportunity Employer/Disabled/Veterans.