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Studio Finance

Sr Manager, Production Finance FP&A – BET (Los Angeles).

  • N/A

Job Description

BET is seeking a Senior Manager, Production Finance FP&A that will support FP&A operations for our original, co-produced and licensed programming. This is an ideal position for someone who has a comprehensive understanding of production finance and accounting and is looking to bring their strong analytical skills and forecasting abilities to a fast-paced industry leader. Key duties will include forecasting, tracking and managing estimated final costs and cash flows for all original programming and development projects. This position will work cross-functionally to directly support Production Accounting, Corporate Finance, Business Affairs, Production, Treasury and Tax.

The ideal candidate will be highly detail-oriented, possess strong communication skills, be able to process many tasks simultaneously with accuracy and take the initiative to drive process improvements.

Overview & Responsibilities

Creating and forecasting financial models and cash flows for all original programming, development, and first look/overall deals, including tracking production commitments, analyzing, and reporting production cost ultimates and forecasting production cash disbursements and receipts
Leading monthly estimate and close processes and annual budget and long-range plan cycles, including analyzing and reporting variances of production costs and cash flows, reconciling internal forecasts to accounting systems
Working closely with Production Finance and Production Accounting to acquire updated production budgets and cash flows and coordinate the journaling and payment of production expenses
Ensuring the impact of production schedules, license fee commitments, production breakage items and co-production deals on ultimates and cash flow are forecasted correctly and fall in line with BET’s financial goals
Supporting BET consolidate cash flow reporting across lines of businesses (e.g. Marketing, Affiliate, etc.)
Oversee and manage the process of the cash planning model
Liaising directly with BET senior management in the creation of financial analytics for strategic initiatives and deal negotiations related to original programming

Basic Qualifications

Bachelor’s degree in accounting or finance preferred
5+ years of experience, with at least 3+ years working in a Finance or Accounting role

Additional Qualifications

A comprehensive understanding of production finance functions, production accounting and budgeting, and entertainment industry business practices
A comprehensive understanding of accounting principles and practices, general ledger systems and accounts payable functions
Ability to interpret complex contracts, such as co-production and license agreements, production service agreements, program rights acquisition contracts, overall and first-look deals, script deals, and option agreements
Advanced Excel and Powerpoint skills required
Experience in Microsoft Access, general ledger accounting systems and planning/analysis systems preferred (SAP, EP Smart Accounting, Longview/TM1)
The ideal candidate:
Has strong communication skills with the ability to interact with senior management and other high-level industry executives
Works effectively and efficiently under pressure and tight deadlines
Thinks critically and analytically and can process a large volume of transactions and scrutinize large data sets with a high level of accuracy and organization
Utilizes knowledge and experience to exercise sound business judgment and make independent decisions
Thinks big-picture and can conceptualize the need for and effectively implement process improvements
Learns quickly, conducts self-reviews, checks work and learns from mistakes
Is curious, passionate, and enthusiastic about entertainment finance
Is willing to challenge the status quo, advocate for BET diverse and inclusive culture, and always act in BET best interest

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. as a result of your disability. You can request reasonable accommodations by calling 212.846.5500 or by sending an email to 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.