Production Accountant, CG Feature Film

17 May 2018

Location: London

Closing Date: 15 June 2018

Locksmith Animation are looking for a Production Accountant to report directly to the CFO and to work closely with the Co-CEOs, Producers, and the Production Team.

 

Job description

The Production Accountant will be responsible for managing the finances and maintaining financial records for all stages of the production of animated feature films at Locksmith, ensuring any overages and changes are reported as soon as they occur and providing recommendations on rebalancing the budget.

This role will report appropriate production finance data to Producers, Co-CEOs, and CFO with full transparency as to the financial status of the production at all times.  

The Production Accountant will manage the transition of all projects from development to production, including setting up the production budget, cash flow models, and distributor reporting.

This individual will be responsible for mentoring production specific accountants and for generating a production finance bible which can be used across all Locksmith productions giving guidelines across all films.

The Production Accountant will also provide support to the Company on non-production finance matters as required.

The ideal candidate will be a qualified accountant (ACCA, CIMA, US CPA or other equivalent) with prior experience working with or reporting to a US film studio, preferably on a CG animation project, with ambition to take on a wider role.  He or she will have excellent Excel skills, be commercially astute, and a highly organized self-starter, able to work efficiently and effectively under pressure with changing production circumstances.

 

Duties and responsibilities:

 Production Finance

Prepare the film production budget in collaboration with the Producers, Co-CEOs, CFO, Production Team, and Digital Partner (Double Negative);

Be responsible for regular monthly financial reporting both internally to the film Producers and Exec Producers and externally to the Distributors (currently Fox);

Manage film budget cashflow and regularly invoice Distributor accordingly;

Work closely with Producers and other relevant stakeholders to update film budget cashflow on a regular (quarterly) basis to reflect latest forecast assumptions;

Monitor the mix of GBP vs. USD native currency required for production funding and the impact of any forecasted changes on overall budget, potential FX gains & losses, and Distributor hedging;

Oversee Double Negative’s financial reporting processes to ensure full understanding and transparency of their production activity as it relates to the overall film budget;

Support Producers and other key stakeholders with ad-hoc analysis capturing the financial impact of various operational scenarios (based on changes in production milestones, staffing profile, production deliverables, productivity targets/quotas, etc.);

Prepare, process (in coordination with the payroll vendor, currently Sargent-Disc), and review the production payroll;

Review the production bank accounts as part of the regular monthly reporting cycle including timely bank reconciliations;

Prepare the materials for the auditors and annual reports as requested, supporting Year End procedures for the production;

Finalise all film financial records and oversee/assist audits;

Ensure all film financial records are compliant with relevant legislation particularly in relation to HMRC;

Maintain a full understanding of the UK animation tax credit and ensure all requirements are met to maximise the rebate.

 

Company Finance 

  • Prepare and review the Studio Overhead Recoveries in production budgets
  • Assist with any financial reporting including analysis for investors and co-financiers;
  • Support CFO in preparing management accounts, annual budget, 5-year plan, Board papers Directors papers in relation to production as requested. Attend meetings as required;
  • Establish and implement best practices in accounting processes and continually optimise all finance reporting. Participate in the Company finance team as needed;
  • Help maintain the internal controls to safeguard Locksmith’s and the Production SPV’s financial assets and liaise with banks and external advisors when necessary.

 

 

Position Requirements:

  • Prior experience working with or reporting to a US film studio;
  • High preference for experience of a CG animation project;
  • Qualified accountant (ACCA, CIMA, US CPA or other equivalent);
  • IT literate with excellent Excel skills (macros, pivot tables, v-lookups, etc.) and relevant accounting software skills (ideally PSL and/or Sage);
  • Commercially astute, highly numerate and analytical;
  • Highly proactive, outgoing personality, and flexible working style;
  • Ability to communicate clearly with non-finance stakeholders;
  • Strong organisational skills, ability to work efficiently and effectively under pressure, with a strong drive to deliver;
  • Works well with ambiguity and changing circumstances;
  • Prior experience managing junior production accountants is a plus.

  Reports to: CFO

  Partners with:  Co-CEOs, Producers, and Production Team

 

Please apply to careers@locksmithanimation.com with a CV and covering letter.