Entertainment One

  • Senior Manager, Reporting and Consolidations, One Year Contract

    Job Locations CA-ON-Toronto
    Posted Date 3 weeks ago(6/29/2018 9:56 AM)
    # of Openings
  • About Entertainment One

    Entertainment One (“eOne”) is a publicly-traded global entertainment company.  eOne’s diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.


    Based in Toronto, Canada, eOne was founded in 1973 as retail music distributor Records on Wheels. By 2003 the company had expanded into film, television and family content production and distribution. The company became a constituent of the London Stock Exchange’s FTSE 250 Index in 2013.


    Entertainment One’s robust network now includes the film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, Reliance Entertainment, Alibaba Pictures and Universal Filmed Entertainment; the newly-launched MAKEREADY with Brad Weston; leading feature film production and global sales company, Sierra Pictures; unscripted television production company Renegade 83; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency, Secret Location.


    With offices across North America, Latin America, the U.K., Europe, Asia and Australia, the company has an expansive global footprint of original development, acquisition, production, financing, distribution and sales of must-have entertainment content.


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    Position Summary

    POSITION: Senior Manager, Reporting and Consolidations, One Year Contract


    REPORTING TO: Director, Reporting and Treasury


    Under the general direction of the Director of Reporting and Treasury, and working with a team of two, the Senior Manager, Reporting and Consolidations, will be fully responsible for timely completion of eOne TV Production’s consolidation and accounting for Investment in Film as well as overseeing the monthly financial reporting process for eOne TV Studios. This position will also play a key role in driving change as part of our upcoming process improvement initiatives. 


    • Prepare and maintain Investment in Film (IIF) model:
      • Update for monthly production and distribution revenue and ensure appropriate application of FX rates for deferred and accrued revenue
      • Update production costs by production company (Prodco) which includes keeping track of costs spent, total estimates-to-complete, tax credits, hedged transactions, and other related parties’ transactions.
      • Ensure information in the model is kept up to date by liaising with Production Accountants, FP&A, and Production Financing teams. This includes reviewing information related to the production delivery schedule, recent Prodco tax filings, ultimate revenue and participation, production finance plans, and greenlight models.
      • Review gross margins of eOne TV Productions by title and update commentaries as part of gross margin variance analysis vs forecast.


    • Coordinate Prodco month-end process
      • Collect Prodco accounting records on a monthly basis and ensure all information is received on a timely basis. Coordinate with production accountants as needed.
      • Review Production financial information and consolidation input file for reasonableness and accuracy including a review of realized and unrealized foreign exchange.
      • Review the revenue and cost of sales month-end journals. Ensure they are in accordance with revenue recognition criteria and delivery schedules.
      • Review accruals related to the investment in film account. Ensure they tie to estimate-to-complete costs.
      • Review accounts receivable, accounts payable and suspense accounts to allocate and reclass intercompany balances. Be proactive and follow up with Production accountants to assess reasonableness.


    • Coordinate Corporate month-end process
      • Preparation/review of month-end revenue and cost of sales journal entries.
      • Review the tax structure with Production Financing team to ensure journal entries are posted to the correct legal entities.
      • Ensure minimum guarantees and purchase options are updated. Review and revise journal entries as necessary.
      • Coordinate with Corporate Accounting team to ensure journal entries are posted on time.


    • Prepare Consolidated Financial statements for Corporate entities
      • Maintain the Consolidation model and ensure the Productions and Corporate records are populated for the current month activity.
      • Reconciliation of various GL accounts such as:
        • Reconciliation of consolidated revenue and cost of sales between Investment in Film Model and Consolidation model
        • Reconciliation of deferred income by entity/title basis and ensure intercompany transactions are properly eliminated
        • Reconciliation of participation accrual by entity/title basis and ensure payments are properly updated
        • Reconciliation of intercompany accounts between parent and subsidiaries. Review/ follow-up with related parties in case of discrepancies
        • Review reconciliation of tax credit receivables, interim production financing and financing receivables between Production and Consolidated statements. Liaise with Production Accountants to resolve any outstanding items


    • Financial Reporting functions
      • Prepare consolidated variance analysis (Bridge) for eOne TV Studios
      • Prepare and upload trial balances to Tagetik reporting system and ensure monthly work-flow processes are properly completed on a timely basis including:
        • Update the balance sheet year-to-date movements for various accounts
        • Update for cash and non- cash movements
        • Update for one-offs transactions
        • Execute sub-consolidation process and ensure the intercompany transactions are eliminated
        • Prepare diagnostics reports and assess for any reasonability. Work with Group Accounting team to resolve any issues on a timely basis.
        • Prepare and validate the accuracy of various Tagetik financial reports including consolidated financial reports and supplementary pack
      • Oversee preparation of management reporting pack for TV Division including:
        • Work with other departments including Production Accounting, Corporate Finance, and FP&A teams to gather supporting schedules
        • Updating commentaries and variance analysis following the review of SVP Finance


    • Other responsibilities
      • Active participation in the year end audit. Work closely with the auditors and prepare all required supporting schedules.
      • Drive continuous process improvements and assist in ensuring the integrity of the financial records by upholding best practices and strong internal controls.
      • Manage, train, coach, mentor, and supervise a team of two.

    Key Competencies

    • Professional accounting designation required (CPA-CA, CPA-CGA, or CPA-CMA)
    • Minimum of 8-10 years progressive accounting and reporting experience. Consolidations experience is required.
    • Expert knowledge of Microsoft Excel and strong modeling skills are an absolute must.
    • Definite pluses include: experience in the media industry, project accounting, foreign exchange transactions, Microsoft Dynamics GP accounting system, Tagetik, and Prophix reporting software.
    • Excellent written and oral communication skills.
    • Works with others in a professional and positive manner.
    • Ability to work independently and collaboratively as part of a team.
    • Fast learner and self-starter.
    • Willingness to roll up one’s sleeves to get the job done on a timely basis. Includes investigating, resolving, and prioritizing requirements as needed
    • Ability to juggle and prioritize multiple tasks and work in a fast-paced, deadline-oriented environment.
    • Ability to work through and solve accounting problems, coming up with the adjusting entries
    • Flexible and adaptable to change.
    • Strong attention to detail.


    What you’ll be a part of:

    ·         Break time: free snacks, winter holiday office closures, reduced hours in summer

    ·         Party time: office bar carts, after work drinks, holiday and summer parties, and sometimes just because

    ·         Be inspired: regular film screenings, concerts, and opportunity to get involved in industry events

    ·         The office: modern facilities, in house screening rooms, more snacks, and swag

    ·         Build a better world: transcend entertainment to our corporate social responsibility activities. Plan a social event. Promote healthy lifestyles. Go green. Give back.

    ·         Grow: develop your career and shape your future


    We thank everyone for their interest but only those candidates selected for an interview will be contacted.


    Entertainment One is an equal opportunity employer that is committed to providing accommodations for persons with disabilities, and supporting diversity and inclusion within our work environment.  If you are contacted for a job opportunity, please advise us of any accommodation needed to ensure you have access to a fair and equitable process.