CBS Corporation VP, Production Finance FP&A in Los Angeles, California
VP, Production Finance FP&A
CBS BUSINESS UNIT: Showtime
JOB TYPE: Full-Time Staff
JOB SCHEDULE: Full-Time
JOB LOCATION: Los Angeles, CA
The VP, Production Finance will oversee FP&A operations for Showtime’s original, co-produced and licensed programming. Key duties include leading Production Finance's role in the financial close, monthly estimate, budget and long-range plan cycles. The position supports and liaises directly with Production Accounting, Corporate Finance, Business Affairs, Production, Treasury and Tax to estimate and track production cost ultimates and cash flow. This position will also liaise directly with Showtime’s senior management in the creation of financial analytics for strategic initiatives and deal negotiations related to original programming.
This position reports to the SVP, Original Programming Finance who oversees Production Financial Planning & Analysis, Production Accounting, Development, Participations and Residuals.
Oversee the monthly close and estimate, budget and long-range plan cycles including tracking production commitments, analyzing and reporting production ultimates and forecasting production cash disbursements and receipts.
Ensure that the impact of production schedules, license fee commitments, breakage and co-production deals on ultimates and cash flow are in line with Showtime’s financial goals.
Develop and leverage financial and business reporting systems to optimize the monthly close and financial reporting process for the business segment.
Leverage insights from various systems and business units including participations, residuals and ancillary distribution to construct series deal negotiation models for license fees and co-productions.
Extract data and provide leading analysis to assess current series/slate performance against additions and alternatives in the development pipeline.
Work with executives to identify and evaluate strategic opportunities to grow revenue and achieve short and long-term goals.
Responsible for managing auditor requests related to SOX and quarterly financial reviews. Responsible for department role in the tax package requests from the tax department and for ensuring that all production related tax filings are complete.
Oversight of departmental Access database, data warehouse reporting & analytics and IT initiatives.
Supervise Director, Production Finance FP&A
Bachelor’s degree in Finance, Accounting or related field
MBA or CPA Strongly Preferred
Minimum 15 years relevant work experience, including forecasting and budgeting experience.
Production Knowledge: A comprehensive understanding of production finance functions. High degree of understanding of the entertainment industry and its business practices are required. Must have knowledge of television or movie production accounting and budgeting to properly manage and accurately forecast production costs.
Accounting knowledge: Applicant must have a comprehensive understanding of GAAP accounting practices. Substantial experience with general ledger accounting systems is also required, including knowledge of accounts payable functions, television or movie production accounting, and general ledger accounting practices.
Contract knowledge: Must be able to interpret complex license agreements, production and program rights acquisition contracts to accurately forecast commitments, disbursements and receipts and to recommend deal structures during license fee and co-production negotiations.
Financial modeling and other computer skills: Advanced Excel skills required. Must have highly developed presentation skills in Excel & PowerPoint. Knowledge and experience in general ledger accounting systems and planning systems (SAP, BW, Oracle, Tableau, EP Smart Accounting). Experience with Microsoft Access database program is preferred.
Personal Skills: Strong management and communication skills and have the ability to interact with senior management and other high-level industry executives.
Decision-making: Must be able to utilize knowledge and experience to exercise sound business judgment and make independent decisions.
A high level of professionalism, confidence, and diplomacy.
Able to adapt to demands affected by a bi-coastal work structure.
SHOWTIME and its critically-acclaimed, award-winning original series continue to make their mark on the cultural landscape, with one of the most successful programming slates in all of television. With an impressive line-up of new and returning original series, the SHOWTIME hit dramas and comedies include TWIN PEAKS, HOMELAND, SHAMELESS, BILLIONS, RAY DONOVAN, THE AFFAIR, I’M DYING UP HERE, SMILF, and THE CHI. SHOWTIME will also debut two limited series this year, PATRICK MELROSE staring Benedict Cumberbatch and ESCAPE AT DANNEMORA from Ben Stiller. Original series play a key part in the SHOWTIME programming mix, along with box office hits, comedy and music specials, provocative documentaries, and hard-hitting sports programming, including the flagship franchise SHOWTIME CHAMPIONSHIP BOXING®, the Emmy Award-winning documentary series ALL ACCESS, A SEASON WITH and the Emmy Award-winning veteran series INSIDE THE NFL. SHOWTIME is currently available to subscribers via cable, DBS and telco providers, and as a stand-alone streaming service through Apple®, Roku®, Amazon, Google, Xbox One and Samsung. Consumers can also subscribe to SHOWTIME via Hulu, YouTube TV, Sling TV, DirecTV Now, Sony PlayStation® Vue and Amazon Channels. The network’s authentication service, SHOWTIME ANYTIME, is available at no additional cost to SHOWTIME customers who subscribe to the network through participating providers. Subscribers can also watch on their computers at www.showtime.com and www.showtimeanytime.com.
Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, and also offers SHOWTIME ON DEMAND®, THE MOVIE CHANNEL™ ON DEMAND and FLIX ON DEMAND®, and the network's authentication service SHOWTIME ANYTIME®. Showtime Digital Inc., a wholly-owned subsidiary of SNI, operates the stand-alone streaming service SHOWTIME®. SNI also manages Smithsonian Networks™, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™, and offers Smithsonian Earth™ through SN Digital LLC. SNI markets and distributes sports and entertainment events
Equal Opportunity Employer Minorities/Women/Veterans/Disabled