Bookkeeper / Accounting Manager for a Media Company

Position Overview:

The Bookkeeper/Accounting Manager will be responsible for overseeing all financial aspects of the company’s media-related operations. This individual will maintain accurate financial records, manage budgets, and ensure compliance with industry regulations and accounting standards. Experience in media production accounting, royalty payments, and project-based accounting is essential.

Key Responsibilities:

• Financial Recordkeeping:
  Maintain and manage financial records, including general ledger accounts, journals, and financial statements.
• Media Industry Accounting:
  Handle media-specific financial tasks such as royalty payments, talent fees, production costs, and project-based accounting.
• Budget Management:
  Develop, monitor, and manage company budgets for media projects, including tracking expenses and forecasting future costs.
• Accounts Payable/Receivable:
  Oversee the full cycle of accounts payable and receivable, ensuring timely payments and collections, and managing cash flow.
• Payroll:
  Manage payroll processes, including payments for media staff, contractors, and freelancers, ensuring compliance with employment laws and contractual agreements.
• Reconciliations:
  Perform regular reconciliations of bank statements, media production costs, and other financial transactions to ensure accuracy and consistency.
• Tax Compliance:
  Ensure the company complies with tax regulations, including the handling of media-related tax issues such as sales tax on media assets and withholding taxes on talent payments.
• Project Accounting:
  Implement project-based accounting practices to accurately track revenues and expenses related to individual media projects.
• Reporting:
  Prepare detailed financial reports, including profit and loss statements, cash flow statements, and balance sheets, for media projects and overall company performance.
• Auditing:
  Support internal and external audits by preparing necessary documentation and ensuring compliance with accounting standards and media industry regulations.
• Financial Analysis:
  Analyze financial performance, identifying trends and advising management on cost-saving opportunities and strategies to improve financial efficiency in media projects.

Requirements

Qualifications & Experience:

• Education:
  Bachelor’s degree in Accounting, Finance, or related field. CPA or CMA certification preferred.
• Experience:
• 5+ years of bookkeeping/accounting experience, with a focus on the media industry.
• Strong understanding of media production accounting, including royalty payments, talent fees, and project-based accounting.
• US GAAP experience.
• Financial Reports creation and analysis experience.
• Experience with accounting software (e.g., QuickBooks, Xero) and media-related financial tools.
• Proven experience managing budgets and financial processes for media projects.
• Skills:
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational skills.
• Ability to work under pressure and manage multiple media projects simultaneously.
• Proficient in Microsoft Excel and other financial reporting tools.
• Knowledge of media industry financial regulations and tax compliance.

Preferred Qualifications:

• Experience with accounting for digital media assets, streaming services, or television production.
• Familiarity with international financial regulations in the media industry.