Management Accountant
- Recruiter
- RJL Entertainment Ltd
- Location
- London (Central), London (Greater) / Holborn and Covent Garden, Camden
- Salary
- From £35000 to £40000 Per Year
- Posted
- 15 Aug 2014
- Closes
- 19 Aug 2014
- Ref
- Management Accountant
- Contact
- RJL Entertaintment
- Job Title
- Accountant
- Experience Levels
- Part Qualified
- Contract Type
- Permanent
- Hours
- Full Time
Job Title: Management Accountant
Department: Finance
Location: Covent Garden, London
Reports to: UK Finance Director
Closing date: August 13th 2014
Business Overview
RLJ Entertainment is a leading creator, owner and distributor of media content across digital, broadcast and physical platforms. RLJ Entertainment is headquartered in the US, is a public company and traded on the Nasdaq under the ticker symbol RLJE. RLJ Entertainment own or controls the rights to over 5,300 films and television series and programs.
RLJ Entertainment is focused on driving growth through the development of interest-based entertainment services for targeted audiences in niche genres including British drama and mystery, urban, action/thriller and horror by using new technologies to deliver that content to consumers.
The RLJE UK business operates as a number of companies. RLJ International Ltd is a licensee and distributor of television and film content. Acorn Productions Ltd, Acorn Global Enterprises and Foyles War Productions own, develop and exploit British mystery and drama television content. Additionally, RLJE UK owns a 64% interest in Agatha Christie Ltd which owns, manages and exploits a library of assets including 80 books, 19 plays, 24 television movies.
Position Summary
The role of Management Accountant provides direct support to the Finance Director, Commercial Finance Director and Financial Controller.
The main responsibilities of this role are for financial planning, forecasting and management reporting, including preparing monthly financial profit and loss accounts, management reports, cash flow statements, cash flow forecasts and quarterly financial reforecasts for all companies within the business. The successful candidate will also be responsible for reengineering and standardizing these processes across the UK business.
This role is responsible for a number of financial month-end, quarter-end and year-end activities, general financial analysis, systems projects and control and governance activities. In addition to these activities the role will own the rights management process, which sets up and oversees all payments to talent and profit participants on RLJE’s productions.
The companies within the businesses operate in a range of areas, including wholesale physical and digital TV distribution, TV production and rights exploitation via, TV, film, stage, publishing and other digital initiatives. This role will be both challenging and interesting and require understanding the key revenues, costs and business drivers of all companies
This is a new position resulting from the combination of two UK offices and two finance teams into one location. The position will be located at our new office in Covent Garden which house approximately 30 employees.
Responsibilities, Activities and Deliverables
• Preparing timely and accurate monthly financial profit and loss accounts and monthly management accounts for all companies including variance analysis and commentaries
• Producing quarterly financial re-forecasting
• Working with the US Head Office and the FD to setup a new standard process for management reporting, reforecasting and variance analysis
• Assisting with the annual budget process, including liaising with department heads and management
• Presenting monthly management information to budget holders highlighting variances and ensuring spending is kept in line with the budget
• Identifying added-value reporting opportunities for the business
• Analysing financial performance and contributing to the medium and long-term business planning/forecasts
• Preparing the weekly/monthly cash flow statements and forecasts
• Preparing revenue and COS calculations and accruals
• Assisting with month-end financial reporting including preparation of certain month end journals, intercompany recs and recharges
• Rights management, including the set-up of all royalties, residuals and back-end payments due on RLJE’s productions and ongoing oversight of future payments to talent and net profit participants
• Assisting with the year end audit and with the preparation of annual statutory accounts
• Ad hoc financial analysis, system, governance and other project assistance to the Finance Director
Required Skills and Experience
• Qualified /Part Qualified management accountant (CIMA, ACCA or equivalent)
• Strong academic background
• Entertainment or Media industry experience
• Knowledge of UK GAAP and UK reporting standards
• Experience of producing budgets and forecasts
• Good commercial acumen and ability to understand different businesses models and concepts quickly and efficiently
• Excellent attention to detail
• Good communication skills and the ability to liaise with both finance and non-finance individuals
• Strong analytical and problem solving ability
• Intermediate to Advanced Excel skills and with Word and PowerPoint
• Proven track record of process improvement
• Experience in cash and treasury management and forecasting
Preferred Skills and Experience
• TV and Film productions or distribution company experience
• Experience of talent rights management and calculation of residuals
• Prior experience with Sage 50, Sage 200 or Oracle
• Knowledge of US GAAP