FT
Accounting Associate (Residuals)
First Tek, Inc.
- 🇺🇸 United States
- Hybrid
- 1 day ago
- Excel
1 day ago
Not enough detail in this posting to match
Location: Los Angeles, CA
Entertainment Media company
Pay rate: $80.00 - $100.00/hour
We are seeking a Financial Analyst for Residuals to be a key member of our Contingent Compensation and
Residuals team.
Residuals are additional compensation paid to talent for the reuse of content beyond the
use covered by their initial compensation, based on collective bargaining agreements with various
guilds/unions, e.g., SAG-AFTRA, DGA, and WGA.
In this role, your key responsibilities will be to interpret and analyze the residual impact of various guilds,
unions, and production service agreements, and to execute accordingly. This includes calculating,
preparing and processing residual payments, preparing and managing financial forecasts of residual
obligations, and working closely with cross-functional teams such as Labor, Production Finance, and
Business Affairs to determine the residual impact across various titles.
Responsibilities
Analyze and interpret production, distribution, and legal contracts/deal terms for residual liability
and financial impact.
Forecast, set up, pay, and report residual liabilities in accordance with contractual terms.
Forecast and assist in accruing obligations.
Liaise with Production Accountants and Producers to gather required information for residual
setups.
Contribute to financial analyses to evaluate the impact of residuals on the business, including
scenario planning and assessing new deal terms.
Work closely with third-party payment processors to provide detailed setup data, ensuring
complete and accurate residual payment setups.
Participate in initiatives to innovate and enhance processes, including testing and implementing
new residual systems for improved automation, workflow efficiency, and standardization.
Collect necessary documentation and interface with auditors to provide support for guild and
internal audits.
Lead and assist in complex projects, ensuring thorough analysis and execution.
Qualifications
BA/BS in accounting, finance, business administration, or similar degree and/or equivalent
combination of education and experience.
4+ years of related experience required, preferably in residuals. Experience with new media
residuals is a plus.
Entertainment industry experience preferred.
Strong financial analysis and modeling skills, with the ability to problem-solve effectively.
Excellent Excel & Google web-based program skills.
Excellent communication and presentation skills, both verbal and written
Must be able to comprehend and interpret collective bargaining agreements.
Highly motivated, analytical, proactive, organized, and self-sufficient.
Capable of planning and managing multiple projects simultaneously.
Must be able to work independently and cross-functionally with business partners.
Flexible and adaptable to evolving processes in a fast-paced environment.
Accounting Associate (Residuals) · First Tek, Inc.