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Director, Participations & Residuals Audits

32968

Los Angeles, CA, US, 90038

Finance/Accounting
Los Angeles
Full-Time

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution and advertising solutions.

 

Overview and Responsibilities

We are currently seeking a Director to oversee incoming audits of the various Paramount Global divisions! Including but not limited to Paramount Pictures, CBS Studios, Showtime, Viacom Networks, etc. Responsibilities include supporting the various divisions and business units with a wide range of contract compliance, participations, residuals, payroll, litigation, and other financial data research and support. This will include joint management of a staff team that focuses on obtaining and preparing supporting data for incoming audit requests and liaising between accounting personnel and external auditors. The Director – Participation & Residual Audits will review contract terms, analyze the financial impact of audit results, and provide feedback on issues identified from the flow of financial data through multiple systems over the course of the audit lifecycle.

We hope to onboard an enthusiastic teammate to add to our dynamic group that manages audit projects across the entirety of Paramount Global brands! The ideal candidate is well organized, eager to take initiative and resolution oriented.

Reporting to the VP - Finance, and in partnership with supporting other Directors in the Audit Group, this position will:

  • Initiate audit setup and monitor progress in audit management tool; prepare status reports and provide updates for VP Finance and SVP of department throughout the audit lifecycle
  • Handle and assess workload for audit staff team to efficiently delegate various audit assignments and tasks requiring data in various formats and sources
  • Review supporting staff’s work and sufficiency of audit deliverables and resolving any discrepancies from the reconciliation of general ledger data extracts
  • Evaluate and advise on the compilation of financial data, removal of extraneous data, or redaction of confidential documentation as deemed necessary prior to providing to external parties
  • Organize and lead meetings with the appropriate stakeholders across the organization to address potential accounting errors and propose alternatives and correction options
  • Research and interpret key contractual terms to determine the appropriate treatment of financial data that impacts statements reported to third parties
  • Coordinate and prepare outstanding issues and application of contract terms between Contract Accounting/Reporting departments and the audit staff team Analyze claims and conduct additional research in defense of litigation as needed
  • Understand Residuals / Guild reporting and audit process in order to address claims as a result of queries, arbitration claim letters, or audit reports
  • Prepare presentations and identify solutions and scenarios analysis in support of settlement discussions for Labor Relations, Business Affairs and/or external counsel
  • Serve as key contact to communicate and coordinate with external third parties (e.g., auditors, participants, and their representatives, etc.)
  • Perform various projects such as research, special projects and statistical analysis as needed

Basic Qualifications

  • Bachelor’s degree in Business Administration, Finance, Economics, Accounting (or related field)
  • Minimum 10 years related work experience in Entertainment-related company (studio, guilds, production company)
  • Participation and Residuals accounting knowledge

Additional Qualifications

  • Interest in data analysis or data warehousing skills (BW or other similar query tools) and a thorough understanding of and interest in various GL accounting and ERP systems (SAP / Oracle preferred)
  • Shown success with organizational expertise and project management skills are critical
  • Excellent computer skills in Excel, Word, Microsoft Access and PowerPoint are important
  • Proactive self-starter
  • Excellent teammate and team leader
  • Ability to be flexible and adapt to changing industry and organizational landscape
  • Strong project management skills with a track record of handling multiple priorities in a fast-paced environment
  • Computer modeling and large database analysis capability are essential
  • Willingness to accept responsibility for projects/processes and ability to work with limited direct supervision
  • Proven analytical and problem-solving skills
  • Collective Bargaining agreements understanding and/or residuals experience
  • Public accounting (audit) or internal audit experience
  • CPA candidate or CPA designation preferred
  • Actively seeks diverse views and fosters an inclusive team environment
  • May require limited travel
  • Complete goals and deadlines.
  • Influence and effectively communicate with others to drive work forward
  • Design, apply, and interpret robust analytical solutions to support decisions
  • Positively contribute to a culture of people development and learning
  • Uphold ways of working that promote DE&I advocacy
  • Translate the “big picture” vision into a clear action plan

 

 Paramount is an equal opportunity employer (EOE) including disability/vet.

 

At Paramount, the spirit of inclusion feeds into everything that we do, on-screen and off. From the programming and movies we create to employee benefits/programs and social impact outreach initiatives, we believe that opportunity, access, resources and rewards should be available to and for the benefit of all. Paramount is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, creed, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, and Veteran status.

 

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access. https://www.paramount.com/careers as a result of your disability. You can request reasonable accommodations by calling 212.846.5500 or by sending an email to viacomaccommodations@viacom.com. Only messages left for this purpose will be returned.

Paramount believes in creating environments that allow our primary focus to remain on providing entertainment, education and information to our millions of viewers around the world. As part of this commitment to health and safety, Paramount requires COVID-19 vaccines for current U.S. employees, including all newly hired employees, subject to applicable law. Union employees are subject to the agreement reached between the Company and the applicable Union.


Nearest Major Market: Los Angeles