Productions.com - Senior Accountant

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Job Details

Senior Accountant

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Senior Accountant

• Intermediate Level
Skills: Production Accountant Production Accounting

Summary

NBCUniversal: Perform accounting duties for a company that distributes foreign-language television channels to cable operators.

Category Accountant 
Location Greater Denver Area
Time Period Full Time
Posted Date Jan 31, 2023
Start Date N/A
End Date N/A

Job Description

This involves recording/tracking subscribers, revenue and Accounts Receivable/Partner Liability journal entries, programming partner revenue share payments and financial reporting.

ESSENTIAL FUNCTIONS

Maintenance of Subscriber Worksheets
  • Prepare billing worksheets for subscriber payment entries from cable operators monthly. Annually create a new year billing worksheet for each channel.
  • Update worksheets for any partner revenue share rate changes and any cable operator rate changes. 
  • Post payments received from cable operators. This includes subscriber numbers as well as cash receipts. Communicate with cable operators and internal company sales, marketing and legal personnel to resolve discrepancies.  
  • Notify management and programming partners of any significant adjustments. 
  • Reconcile cash and subscribers posted to worksheets to amounts recorded in the check register to facilitate revenue share preparation for programming partners.
  • After the month-end close, follow set procedures to save monthly files and prepare for next month’s activity.
  • Create new worksheets as needed for new services per the distribution agreement terms.
Recurring Monthly Journal Entries
  • Calculate, prepare, document, and enter journal entries.
  • Estimated revenue calculation, as well as prior period true-ups
  • Reconcile AR balances for each channel and enter any reclass journal entries necessary
  • Calculate and enter any foreign tax withholding based on specific channel country location
  • Book any Bad Debt based on NBCU policy             
  • Prepare any other miscellaneous journal entries as necessary
Monthly Revenue Share and Partner Reporting
  • Calculate the programming partner’s revenue share per the terms of the partner distribution agreement. Forward check request documents for review and payment processing.
  • Prepare and distribute electronic partner monthly reports – include revenue share calculation detail and billing worksheets.
  • Prepare any miscellaneous reports requested explicitly by partners.
  • Respond to all programming partner inquiries related to monthly reporting.
  • Where the programming partner collects license fees, follow up with the partner to collect management fees. It may require the company to issue partners invoices to receive payment.
  • Comply with partner audit requests as needed. 
Reconciliation Duties
  • Maintain General Ledger accounts for assigned balance sheet accounts.
  • Prepare accounts reconciliations in accordance with NBCU policy and reporting schedules.
  • Maintain reconciliations of each service, verifying affiliate accounts receivable and partner liability.
Tax Duties
Foreign Withholding Tax
  • Ensure Form W-8BEN-E forms for foreign partners and vendors are current and filed with Tax Department. Update expired forms as needed and submit them to the Tax Department for review and approval.    
  • Coordinate potential new foreign vendors with Accounts Payable and calculate withholding as required.
  • Calculate required foreign withholding for partners subject to withholding based on gross cash receipts. These calculations are detailed on revenue share documentation.
  • Maintain foreign vendor payment worksheet monthly. This worksheet also serves as a source document for additional quarterly reporting.  
  • Report monthly foreign withholding to Tax Department to initiate payment to Internal Revenue Service.
  • Annually prepare Form 1042S for all foreign/W-8 partners and vendors. 
Miscellaneous Tax
  • Notify the Tax Department of any unique tax situations. Coordinate action/response as needed and provide any requested documentation.
  • Work with NBCU Tax Department to provide needed revenue information for NBCU-owned partners.
  • Comply with international tax requirements.
Accounts Payable
  • Responsible for Accounts Payable activity.
  • Upload and work with other team members to ensure proper GL coding of invoices.
  • Initiate and follow up with the introduction of any new vendors.
  • Enter wire and ACH requests as needed for monthly revenue share payments to programming partners.
Other Duties
  • Review partner and cable operators’ contracts as needed for appropriate accounting treatment.
  • Assist with special projects as requested.
Qualifications
EDUCATION and EXPERIENCE
  • Bachelor’s degree in Accounting or related finance field preferred.
  • Four years of previous accounting experience in the following preferred areas: Accounts Receivable, Revenue reconciliation and Accounts Payable.
  • Cable industry experience preferred.
Knowledge, Skills and Abilities
  • Working knowledge of accounting principles and practices.
  • Experience with MS Office products with a strong emphasis on Excel and an understanding of formulas.
  • Ability to work with large amounts of data, utilize database applications, and upload data.
  • Detail-oriented with high accuracy with data entry.
  • The ability to organize and prioritize multiple work assignments, working independently with minimal supervision.
  • Ability to work under pressure to meet deadlines.
  • Ability to communicate with customers, co-workers, and other business contacts in a courteous and professional manner. Work effectively as a team player. 
Salary: 75,000 - 90,000 USD

Job Type Full Time 
Weekly Limit N/A
Shift Day
Attached Files
N/A