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Executive Director, Accounting

Company: Warner Bros. Entertainment Group
Location: Burbank
Posted on: January 16, 2020

Job Description:

Req ID: 173737 The Job

We are currently seeking an Executive Director for the Enterprise Financial Services (EFS) - Home Entertainment General Ledger & Record to Report Accounting department. This position will be responsible for Global Games general accounting activities, record-to-report processes, licensing, invoice-to-cash function for digital/mobile royalties and consolidation of global financial results. Additionally, this individual will be responsible for Global Home Entertainment Film Accounting including Games Asset Amortization and Participations, as well as overseeing operating activities handled by the Service Delivery Center (SDC).

Games is a dynamic and growing business unit and the ideal candidate must have a strong technical accounting background and be comfortable with proposing and implementing new initiatives to executive leadership in order to support an evolving business. The specific responsibilities will include:


The Daily

  • Leading a team in the execution of general accounting activities for the Games Business Unit including: general ledger management, account reconciliation review, financial statement review and reporting submissions.
  • Ensuring timeliness and accuracy of overall monthly close activities including integrity and completeness of the general ledger, Home Office consolidation and compliance with US GAAP accounting for the various lines of business (physical, digital, and mobile distribution models, production/development studios, licensing, costing, and intercompany eliminations).
  • Managing the Games monthly/quarterly close deliverables submitted to the WB Corporate Financial Reporting group including by-title submissions, causes of change explanations, balance sheet flux, footnotes, supplemental schedules, SOX compliance and quarterly representation letter.
  • Acting as primary liaison for the EFS organization in connection with the Business Unit and various WB Corporate departments (Policies, Financial Reporting group, Tax, Treasury, Legal, Participations); be actively involved in assessing and implementing accounting policies relating to accounting treatment guidance (e.g. Revenue Recognition) in accordance with US GAAP.
  • Managing Games costing (Film Accounting for Games), working with Business Unit Finance and Production Studios to review Ultimates for in-process and released titles on a monthly basis and identify areas of risk and opportunity; determining amortization rates and perform impairment testing for titles which are costed within the group and ensure appropriate entries are reflected in the general ledger; overseeing the accounting of cross-company charges and intercompany eliminations for internal IP rights licensing to support the WB consolidation process.
  • Overseeing the invoice-to-cash function for digital/mobile games monthly royalties including; statement processing, cash collection and application, and act as primary finance point of contact for external customers for all reporting and remittance related matters; supporting the cash reporting and forecasting functions as well as manage accounts receivable aging and P&L reporting.
  • Overseeing the accounting for symbolic IP licensing deals, provide detailed reporting to the business unit and assist in deal assessments and trending analysis for business decision support; participating in meetings with Business Development regarding licensee status in order to assist with the forecasting process.
  • Coordinating with Sales/Business Administration on determining third party reporting requirements for participants, co-publishing partners and publishers, establishing and maintaininng business processes for compliance within EFS (i.e. periodic reporting and statement preparation), acting as primary finance point of contact for Corporate Participations and Deal Management teams to set up third-party reporting requirements in the system and to address/consult on financial reporting questions, providing support for third party participation and royalty audits and advise on audit settlement negotiations.
  • Developing staff into future WB financial leaders with business and accounting knowledge, and a customer service mindset; driving key process improvement and standardization projects, working with EFS VP to set priorities for the department and be able to help in all problem resolution matters, striving to make our SDC partner successful and create professional development opportunities for staff.
  • Partnering with Home Entertainment Legal & Business Affairs to provide guidance on accounting/financial implications of contracts with participants, co-publishing partners and publishers, and assist with reviewing contract terms to achieve desired results.
  • Continuously look to improve operating effectiveness and efficiency within EFS/SDC activities and seek opportunities to eliminate nonvalue-added work including developing and identifying best practices and ensuring they are shared across groups within the EFS, the SDC and the retained finance organizations, where relevant; embracing standardization to reduce and eliminate variability in processes and work with other EFS/SDC team members to solve challenging issues.
  • Ensuring appropriate accounting recognition and SOX controls have been followed, and update procedures as needed; serve as primary point of contact on all internal and external audit matters.

    The Essentials
  • Bachelors degree in Accounting, Finance, Business Administration or other related field along with CPA; MBA preferred.
  • Minimum 10 years experience in public or private accounting.
  • Excellent managerial skills.
  • Entertainment industry experience a plus, preferably knowledge in games or home entertainment.
  • Thorough knowledge of accounting principles and procedures, including familiarity with the Sarbanes-Oxley Act.
  • Strong written and verbal communication skills as this is a high-visibility role that interacts with various departments and executives across the organization.
  • Proficiency in a variety of systems: High level Excel experience preferred (macros, pivot tables, lookup functions); Microsoft Word; SAP & BW experience.
  • Strong to advanced knowledge and understanding of ASC 926 EntertainmentFilms, ASC 985 Software, and ASC 606 Revenue from Contracts with Customers.
  • Ability to design, review and revise various types of financial information: reports, schedules, journal entries, etc.
  • Flexibility with hours including overtime if necessary and ability to travel domestically & internationally as needed.
    Warner Media, LLC and its subsidiaries are equal opportunity employers. Qualified candidates will receive consideration for employment without regard to race, color, religion, national origin, gender, sexual orientation, gender identity or expression, age, mental or physical disability, and genetic information, marital status, citizenship status, military status, protected veteran status or any other category protected by law.

Keywords: Warner Bros. Entertainment Group, Burbank , Executive Director, Accounting, Executive , Burbank, California

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