CBS Corporation Manager, Programming Finance in New York, New York
Manager, Programming Finance
CBS BUSINESS UNIT: Showtime
JOB TYPE: Full-Time Staff
JOB SCHEDULE: Full-Time
JOB LOCATION: New York, NY
SHOWTIME and its critically-acclaimed, award-winning original series continue to make their mark on the cultural landscape, with one of the most successful programming slates in all of television. With an impressive line-up of new and returning original series, the SHOWTIME hit dramas and comedies include HOMELAND, SHAMELESS, BILLIONS, RAY DONOVAN, THE AFFAIR, EPISODES, DICE, the upcoming drama I’M DYING UP HERE, the limited series GUERRILLA and PURITY, and the highly anticipated return of TWIN PEAKS.
Original series play a key part in the SHOWTIME programming mix, along with box office hits, comedy and music specials, provocative documentaries, and hard-hitting sports programming, including the flagship franchise SHOWTIME CHAMPIONSHIP BOXING®, the Emmy Award-winning documentary series ALL ACCESS, A SEASON WITH and the Emmy Award-winning veteran series INSIDE THE NFL.
Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, and also offers SHOWTIME ON DEMAND®, THE MOVIE CHANNEL™ ON DEMAND and FLIX ON DEMAND®, and the network's authentication service SHOWTIME ANYTIME®. Showtime Digital Inc., a wholly-owned subsidiary of SNI, operates the stand-alone streaming service SHOWTIME®. SNI also manages Smithsonian Networks™, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™, and offers Smithsonian Earth™ through SN Digital LLC. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV. For more information, go to  www.SHO.com.
This position is responsible for the forecasting, reporting and accounting of Showtime theatrical programming cash flow obligations. These responsibilities include the preparation of the annual Budget, monthly Estimates, the Long Range Plan sas well as recording and reporting financial results along with related variance and other analyses for the company’s Financial Statements. This individual is also responsible for all financial aspects related to Programming and Research operating expenses/cash including budgets, estimates, long-range plans, and the monthly financial close. Additional responsibilities include preparation/maintenance of supporting financial schedules to validate accurate accounting of amortization expense in our sub-ledger IBMS.
Responsible for the planning and preparation of the theatrical programming cash flow for the annual Budget, monthly Estimates, and the Long Range Plan provided to Corporate. This includes the coordination of these processes with the Program Planning/Scheduling and Acquisitions departments. Responsible for the preparation of all supporting schedules and information, including detailed and comprehensive analyses that support the presentation of the Budget and Estimates to Corporate. Day to Day responsibilities include acquired programming title maintenance (cost, payment terms, amort, etc).
Responsible for the planning and preparation of Research and Programming Operating expense & cash flow for annual Budget, monthly Estimates, and the Long Range Plan provided to Corporate. This includes the coordination of these processes with Showtime Research & Programming departments and the consolidation of programming operating expenses within other areas of the Company. Responsible for the preparation of all supporting schedules and information, including detailed and comprehensive analyses that support the presentation of the Budget and Estimates to Corporate.
Responsible for the preparation of the monthly and quarterly close and financial statements for theatrical programming cash flow, Research and Programming operating expense & cash, including narrative and variance analysis of actual performance compared to Budget, Estimates and prior year results. Responsible for monthly reconciliations with Acquisitions team, to ensure that Library and Independent distributor titles are correctly accounted for in the IBMS system facilitating and allowing us to provide accurate estimates of uncommitted funds to senior management
Prepare all check requisitions for license fee payments to ensure that they are prepared in accordance with contractual terms and budgetary requirements. Review payments for complex library deals to ensure that both amount and list of titles are correct. On-going review of output, library and indie agreements particularly with regard to payment and other balance sheet considerations. Seek clarifications of contractual terms from Legal and Program Acquisitions. Works closely with Management Reporting to ensure that the programming cash flow accurately represents any budget contingencies and that the full year and monthly budgets and estimate totals are in accordance with Management Reporting’s expectations and that overall SNI’s cash flow targets are met.
Assist in the preparation of the unrecorded contractual programming commitments on a quarterly basis for Corporate. Work with executives in Program Acquisitions and in Legal to determine whether pending deals have been executed. Obtain the unrecorded commitments for Original Programming and Sports which is consolidated with the Acquired Programming commitments.
Play a vital role in the maintenance of our financial systems related to programming amortization expense/cash, accounting and reporting in order to maximize the use of technology.
Bachelors degree required; MBA and/or CPA preferred.
Entertainment industry experience within a finance/accounting environment is required along with work experience of 3 to 5 years.
A high degree of understanding of the general nature and operation of the entertainment industry
A thorough knowledge of GAAP and their appropriate application in the entertainment industry
The ability to successfully interact with senior management and to present materials in a cogent and effective manner
The ability to comprehend the overall picture while managing the details
Proven analytical and financial ability
Strong oral and written communication skills
Advanced knowledge of TM1, Enterprise One, Excel, MS Word
Equal Opportunity Employer Minorities/Women/Veterans/Disabled